Let’s start with a quote by one of the all time greats, Jesse Livermore…
“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting.
Got that? My sitting tight!”
– Jesse Livermore
Knowing when to sit on our hands is just as important as knowing when to participate in the marketplace. The Volatility Box gave us an early heads up in the morning that today had the possibility of being a greater-than-usual volatility day.
Over the weekend, we released our version of the “V-Score” indicator for free. There are dozens of versions on the web (often referred to as the Z-Score Distance From the VWAP), but we made ours better. Click here to find out how we built it and download it for free.
Tomorrow, we will be releasing multiple scans for the V-Score that were requested by members. They will be free, and available on the website.