NONE – Chart of the Week for December 7, 2023

by | Dec 7, 2023

It’s time for my Chart of the Week — and this week I have something a little different.

Read on…

 

This Week’s Chart

This week I don’t have a chart for you. I have a lesson.

And that lesson is that there are times in the market when you are best served by sitting on your hands.

This week, I’ve been scanning the markets and honestly there’s nothing that really grabs me as a “must take” trade.

Other, famous traders have said it many ways:

“The stock market is a no-called strike game. You don’t have to swing at everything – you can wait for your pitch.”

— Warren Buffett

“If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.”

— Bill Lipschutz

Even the famous Jesse Livermore said it… a few different ways:

“It was never my thinking that made the big money for me, it always was sitting.”

“Money is made by sitting, not trading.”

“Men who can both be right and sit tight are uncommon.”

 

Long story short, this week is all about sitting tight and exercising those “patience” muscles.

 

Stay tuned!

 

— Jeffry Turnmire

PS> While you’re waiting, maybe you want to check out my Market Roadmap indicator.
It’s my custom-built TradingView indicator that helps me spot many of the trades I post.
If you’d like to grab Market Roadmap for yourself — and get access to my private Discord channels, too  — just click here to pick it up for $5!
WRITTEN BY<br>Jeffry Turnmire

WRITTEN BY
Jeffry Turnmire

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