Before we get to today’s tips on how pros make consistent money in the market…
Be sure to join me, Jack Carter, Tom Busby and Don Yocham on this week’s roundtable at 10 a.m. ET on Wednesday, March 1, to hear what we have to say about the line in the sand that fund flows just crossed.
Join us here at this link at 10 a.m. ET tomorrow!
Now, on to today’s tips on building your own financial playbook…
All successful traders have a thorough process for making money, no matter the market conditions — a playbook.
Just like any sports team or business, it’s not widely shared, obviously, because it’s valuable and proprietary to them.
You can create a valuable playbook, too.
It’s a matter of collecting the best steps that work for you, and putting them into action.
Some of those steps include anticipating what will happen next, planning what to do when what happens next is not what you expected, and analyzing the play-by-play action.
Take this for example…
One key to my success is having a view of professional accumulation. I noticed accumulation picking up steam at the end of January in multiple stocks like Automatic Data Processing Inc. (Nasdaq: ADP).
They do this because they anticipate the price moving up and, consequently, they make money.
This plan in their playbook has not worked for February on many tickers. The sideways action shown in the chart looks painful.
But this doesn’t mean they bury their heads or throw out the strategy…
Instead, they analyze what went wrong, why it went wrong, and what it might mean for the future.
For example, from my standpoint, the sideways movement is likely because of the negative reaction to economic data in the second half of the month. This can most easily be seen in the broad S&P 500 market.
In my opinion, everything from GDP to inflation, to Federal Reserve rate hike fears and so much more that impacts the great big economic ship are shown in the S&P 500’s price action.
But guess what… ADP is still being accumulated!
Why? I can only guess, but my estimation is that professional buyers see an opportunity that others fear based on what the fearful see in the economy, as played out in the S&P 500.
The professional buyers of ADP might be wrong. But then again, they might be right. And they tend to be right more than they are wrong — so there’s a big tip for the back of your mind.
Any well-prepared plan meets obstacles along the way.
A professional trader expects and plans for them — just like a professional plans for success.
Think and win!
Celeste Lindman
Celeste Lindman Trading
P.S. Have an Extra $500 Lying Around?
Jack Carter of Jack Carter Trading wants to completely demystify the investing process…
He wants to take a group of average Americans and show them how straightforward it can be to target an extra $500 in income each and every week…
Whether you’re starting with $1 million in your retirement account… or just ten grand.
Of course, nothing is ever guaranteed in the markets… There’s no magic pill…
There will be winning weeks — and losing weeks, too…
But the method he’ll share today has been able to lock in some pretty handsome payouts — week after week with a 97.1% success rate on over 100 signals…
And to prove it to you, Jack will place one of these “2-Step Trades” live — right before your very own eyes…
Go Here to See His 2-Step Trade
Disclaimer: Since the start of 2021, on over 100 trades, this service has had a 97.1% rate of successful trade recommendations. With that said, nothing is guaranteed, and we make no future earnings claims.
