I’ve Known About the Top 1% for Decades

It’s all about the outliers… [Turn Your Images On] [I’ve Known About the Top 1% for Decades]( [Turn Your Images On] [Michael Carr, Chief Market Technician]( It’s 30 years later, and his voice still rings in my ears… He was an old floor trader. He’d spent almost 50 years making split-second decisions about trading. His perception of history was shaped by how the market responded. Trouble in the Middle East, for example, was frequent. He learned the market was pretty good at forecasting how big that trouble would be. Small price changes indicated it was more about headlines than long-term changes in the region. Big price moves carried significance for the world even if the underlying story didn’t garner much attention. I told him I’d seen the same thing while in the military. The price of oil told me more about what was going on than hours of military intelligence briefings. We agreed that following the market was the best approach to making money. The reason was easy for him to explain: Profits are in the outliers. He saw the markets from the trading floor. His job was to trade. If I or another fund manager wanted to buy, floor traders needed to sell the shares. Most days, this was a good business. They’d make a little money after doing thousands of trades. Occasionally, they’d have a very big day. This was often related to short-term reversals. My friend didn’t care why he was making money. He only knew he was, and his entire year depended on maximizing those rare opportunities. That’s why he liked to say the profits are in those rare statistical events called “outliers.” They are far from the average. In trading, the outliers tend to deliver the profits in any account. There’s simple proof of this idea in the current market. --------------------------------------------------------------- [Turn Your Images On]( [Mike Carr’s New Top-1 System Pinpoints Which Stock Is Set to Gain the Most Over the Next 30 Days — and Predicts Exactly What Price It’s Going to Hit…]( Resulting in gains as high as 161%, 213% and 406%. Now, you can ignore the 99% of stocks that barely move each month and target the top 1% that make the biggest gains. [Here’s everything you need to get in on Mike’s next Top-1 trade.]( --------------------------------------------------------------- The 1% Driving Today’s Market Right now, the Magnificent Seven are driving the returns of major market indexes. Just seven stocks —AMZN, AAPL, GOOGL, META, MSFT, NVDA and TSLA — account for most of the gains in the S&P 500 or Nasdaq 100 indexes. This doesn’t surprise me. I’ve been tracking and talking about the importance of outliers in performance since the 1990s. I’ve also known it’s important to focus on the top 1%. While seven stocks represent 1.4% of the S&P 500, their performance does highlight the importance of the top 1%. And 1.4% is pretty close to 1%. The top 1% determines your investment results. That’s why it’s so important to focus on the very best potential investments. While I’ve been tracking outliers for more than three decades now, technological advances have allowed me to develop a new strategy that isolates the very best opportunities and focus solely on those stocks. In the long run, this should result in large gains on individual trades that boost my performance for the entire year. In 2023 alone, my backtest of [this strategy]( identified multiple double- and triple-digit winners. And each of these trades was closed in less than a month. I just opened the doors to my “Top 1%” event. [Click here]( to check it out and see why it’s time to look beyond the other 99%. Until next time, [Michael Carr signature] Michael Carr Chief Market Technician, Money & Markets --------------------------------------------------------------- [Turn Your Images On]( From our Partners at Banyan Hill Publishing. [Leading Crypto Expert: This Will Be Dynamite!]( Amidst a sea of skeptics, predicting a dead end for crypto during its crash in 2018, Ian King saw the potential of resurgence and encouraged investors to stay strong. Little did they know his call would lead them on an incredible journey — with gains as high as 18,325% over 12 months! Now he's seen something bigger than bitcoin ... claiming this coin has the power to create 20 times more millionaires by 2023. Don't miss out on your chance for life-changing returns — [follow Ian's No. 1 crypto recommendation today!]( --------------------------------------------------------------- Check Out More From Stock Power Daily: - [2 OF THE NASDAQ’S HOTTEST STOCKS: BUY OR HOLD?]( - [THE BEST WAY TO RING THE OPENING BELL]( - [CHOLERA’S CONTRIBUTION TO DAY TRADING]( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: [( Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2023 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Money & Markets. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 800-684-8471) Remove your email from this list: [Click here to Unsubscribe](