Thank you very much Stan for the informative midday review. I appreciate how professional you are in trying to articulate the price action and how to manage risk bc it’s not easy.
If it is not too much to ask, can you please clarify what were the characteristics of the “exchange” in RGTI that seemed to occur at 17.70s -17.80s/share which you timestamped around 24:21 of your video? I know you mentioned in the lounge in the morning that tape reading is a skill that is gleaned over time, but what are some of those theoretical concepts with tape reading that one can confirm in realtime when they have the actual tape in front of them? Like does the offer not move as a wall despite tremendous buying at the offer and does the bid keep breaking down without much reclaim? Is that what you saw w RGTI after the 18 wall was painted? What did you see in RGTI to say there was an “exchange”?
Thank you very much Stan for the informative midday review. I appreciate how professional you are in trying to articulate the price action and how to manage risk bc it’s not easy.
If it is not too much to ask, can you please clarify what were the characteristics of the “exchange” in RGTI that seemed to occur at 17.70s -17.80s/share which you timestamped around 24:21 of your video? I know you mentioned in the lounge in the morning that tape reading is a skill that is gleaned over time, but what are some of those theoretical concepts with tape reading that one can confirm in realtime when they have the actual tape in front of them? Like does the offer not move as a wall despite tremendous buying at the offer and does the bid keep breaking down without much reclaim? Is that what you saw w RGTI after the 18 wall was painted? What did you see in RGTI to say there was an “exchange”?
Thank you very much