My daily routine & process to win in the markets
Hi Trader, I went on Live TV and warned of the 2008-2009 crash in 2007… The TV hosts laughed at me… | |
This is Scott Redler, again. | |
I started my trading career at the peak of the dotcom bubble. I'd already been through the ringer. Well, in 2007, I was seeing warning signs the market was nearing a top. I was slowly building a name especially as I had just co-founded T3 Live that same year. So I was on CNBC with Erin Burnett and Marc Haines --- Marc being a good friend. I said on LIVE TV, "The markets are going to drop 10%." And the host next to Erin… he flippin' laughed right in my face. It's on camera. | |
Guess what happened? The market quickly dropped 10% in the following months. So, they called me back in. They asked, "What's the market going to do now, Scott?" I told them straight to their face, "It's going to drop another 10%." They took a beat… Then laughed at me again on TV. I'm not making this up. They hooted and hollered once again while I stood there. You can see the video halfway down the page here. Of course, the market then dropped even more than 10%... Turns out, one of my best trading years was 2008, because I was out ahead of everyone else. | |
And I can point to two things: #1. My routine. Waking up early and putting in the work. #2. My process. Following my 8/21 indicators, momentum and sniper focus on my entry points (using 5-15 minute time charts) | |
It's not easy sticking to a process especially as the market turns over or gets choppy. You can't be afraid of going to cash when the market's acting funky. Nor, should you be afraid to let it rip if you see some bottoming action. I'm not afraid to take those trades. It's also why I wasn't afraid to share my predictions on national TV even if I get ridiculed by those who own the television stations! History is made in the markets each week… And I'm not afraid today to keep showing you my best trades. Here's my #1 trade to make this week, | |
- Scott Redler Editor of Power Plays & Co-Founder of T3 Live | |
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