Rumble Inc (RUM)

[Imperial Whazoo]

Yeah. You did. I misread it. My bad. You were calling a price range and I misread it as though you are a precision Technical Analysis guy. My bad.

Basically, I try to make as precise a call as I can, (so I can time my trades)

I tend to look at the charts as though they contain enough info to allow me to make pretty precise calls.

Also, regarding a range of 1 full point in a 12 dollar stock: THATS AN 8.333% RANGE.

To get the good entry and/or exit price, you can't actually operate using an 8.33% range. (Unless you swing trade or accumulate, that is).

Personally, even if I'm going to swing trade it, the last thing I want to do is leave a full 8% on the table.

I mean, if you compound a 35K portfolio over the 20 trading days of February at half that range (say, 4% per day), your compounding would project to a gain of $41,689.41 profit for the month. That a 119% gain in the month of February.


I misread your price range because I simply look at things a bit more tightly & I thus assumed you were calling an actual price rather than a general range.

Its the reason some guys on a soccer team play defense and other people are attackers (strikers). Neither is better, but if you want to make a living trading, you better know your tendencies. If you are an attacker.... be precise. If you are a defender, swing trade or accumulate.

And actually, my call worked out to the "T", didn't it ???

The 786 was 13.06, which was in the gap & it held as support.

The gap itself did not have to get filled.

The low of the day was 12.90. Close was 13.14... Well above the 786

You were right, too because it did, in fact, get into the 12's.

But honestly, there is nothing wrong with being more of a generalist. It's just not the way I think, so I got in too big a hurry & misread your post.

Peace, bubba.

IW