A weight stand assembly for use in assisting a user prior to performing an exercise movement or repetition by way of holding exercise weights used by the user in a relatively stable and proper starting position for the user. More particularly, the weight stand assembly is retractable in that it pivotally falls in a relatively backwards direction away from the user and towards a ground surface after the exercise weights have been lifted by the user, thereby preventing injury and thus enhancing performance of the user by allowing the user to complete a full set of exercise repetitions without being inhibited by a placement and location of the weight stand assembly.