AMC stock has pulled back 10% today caused the stock to test support levels on the 30 min sma line. Here is a breakdown on my trade plan with amc stock and how I plan to trade amc stock!
1.βœ… Free Trading FB Group: http://bit.ly/techbudsfbgroup
2. πŸ“ˆ A-Z Beginner Day Trading Course: https://learnplanprofit.net/
3. πŸ‘•New Apparel Line: https://shoptechbuds.com/
● FOLLOW ME ON INSTAGRAM!
πŸ“Έ Ricky's Insta: https://www.instagram.com/rickygutierrezz/
πŸ“Έ Techbuds Insta: https://www.instagram.com/techbudsolutions/
For those who are interested in Trading & Investing, I encourage you to join Our Free Trading Group of over 315,000!
Thank you for the support, the best way to reach out to me is through our private discord chat, please DM me.
The Stock Market falling/ crashing can be a scary thing when you are not informed on how to make money during a stock market crash! The corona virus isn't getting any better and opportunity is among us, let's take time to inform ourselves and make the most of this opportunity!
If you have any suggestions for future videos such as Day Trading, Investing, Stock Market, Real Estate, Car Sales, Robinhood, TD Ameritrade, Crypto & bitcoin, Entrepreneurship, Forex, Online Marketing, Online Sales or fun daily vlogs. Please let me know.
DISCLAIMER: Please note that i do not ask for any information. I always encourage our members to trade ONLY what you understand and never based on anyone's opinion. My videos are for entertainment purposes only.any questions to message me as i would love to be a part of your success.
βœ…Surprise You Found $40 Off The LPP Course: http://bit.ly/40offLPP

Told you so i told you so i told just kidding - i'm definitely not here to point the finger right. One of the things that we talked about in yesterday's video is looking at the four hour time frame. I think it's very easy to see on why i made yesterday's video and i never encourage people to sell. I never encourage people to buy, but i like making people aware of previous support levels or previous resistance levels.

So i hope again yesterday's video did not offend you. It's not to target anyone. It's just pointing out the obvious, and i think today's performance, where it pulls back from you, know, pre-market or aftermarket highs to where it's at right. Now it's sold off amc sold off 10 and i hope that my video yesterday, just at least, could shed some insight for why it's so important to understand.

Like i'm. I don't want to talk about the movement right. I want to like i'm sorry for stuttering, but let's remove all emotions aside from this right, looking at amc and treating it just as a day trade right, it's a trade. You know, let's, let's calculate the upside, let's calculate the downside: does it meet our criteria right? Let's focus on that on what actually matters amc is an interesting stock right, but it's safe to say that based off of previous resistance levels here, previous resistance levels here previous resistance levels literally four days ago, and what we experienced yesterday.

So when people were saying ricky, you should not have sold your 6 000 shares at 47.10. Really you expect me to hold a couple hundred thousand dollars worth of amc at this overbought level when the rsi right the macd, ignore the indicators like screw the indicators right. Just looking at previous patterns previous resistance levels as they tend to repeat themselves, but they don't always have to - why would i not have locked in profits right? I've been trading amc? I began loading up on it since it broke above 34 right. I really began focusing on just day trading.

It uh feeling comfortable selling the highs buying the dips selling the hives, all that good stuff, and i decided in yesterday's video to hold 1 000 shares of amc when it was at 4 700 right. So, even though i locked in my profits with my six thousand shares on my fidelity account, i made twenty one thousand dollars on my weeble account. I was up six thousand dollars or five thousand dollars on the day. Something like that, and you know i had 1200 shares 12 or 1300.

I forgot and guess what you know. I the reason i still held those shares is for the possibility if we did break out and break above 50 you're right i didn't want to have. I did want to have some skin in the game that if it did push up and break out, i wanted to partake in that right. I can always buy more.

I can always add more to my position size, even if it does begin to break out. I can always buy more. You can always buy more, but more often than not again all i'm sharing with you is from my experience more often than not when you don't lock in profits right when you don't sell so i bought bought, sold right when you don't sell. When you have a very heavy position, size and you're at an obvious previous resistance level, you're more often than not setting your future self up for failure, i'm not here to talk about movement! It's nothing about that! I'm talking about! Let's treat this as a trade, as you know what it is, as a trade, remove all emotions, remove all opinions as a trade trading at 48 dollars based off of previous resistance levels, previous resistance levels, previous resistance levels, amc has been more bearish than it has been Bullish right, it's very overbought.
Let's look at the our side. Let's look at the macd, let's look at previous highs, so this pullback should not surprise. You should not surprise you one bit on top of this on the five minute time frame. It was beautiful with how it has sold off all day.

I had my 1200 shares and, just as i was about to cut losses for the break below 45 dollars, i began to lock in some of my profits on robinhood and, as this thing began to sell off, i began to load up on it. Amc finding a support right around 43 dollars. I want to share with you why, on the one hour time frame, i'm sorry the 30 minute time frame. My apologies, you guys could see that the last time amc pulled back it validated not always, but it validated the sma line as a support level.

So i'm explaining to you why i'm buying there's a reason behind it so as it sold off instead of just having 1 000 shares. I now have over 2 000 shares. I saw an opportunity to present itself guess what i did ride. The 1 000 shares all the way down, so it sucks, but guess what it would have sucked a lot more.

If i would have kept 6 000 freaking shares and wrote it all the way back down right. That would have sucked a lot more, but guess what i sold when it made sense based off of previous patterns, because i treated it as a trade. No emotions, no opinions. I don't care about what other people have to say.

It's just the trade waited for a pullback based off previous technicals and patterns. It has found a support level here so we'll see if it actually begins to recover. Looking at it on the five minute time frame, it's been very consistent where the ema line has been acting as a resistance level, it's more difficult to see on the uh one minute time frame, sometimes you'll see little breakouts where it trades above ema. This can lead to potential.

You know really bad entries where it still gets rejected. So i find the five minute time frame to be a little bit easier to work with, because it's a little bit more clear when we're actually trading above the ema versus still overall pattern, very bearish right, very consistent, beautiful pattern as it sells off and then now We began to consolidate so i saw this as an opportunity. I saw the pattern on the 30 minute time frame and i'm excited right. The only people that freak out the only people you'll see the people down.
In the comments section, the only people complaining the only people that freak out during market pullbacks or during a stock pulling back are those that were not prepared. It's their emotions being expressed through their irrelevant opinion right. It's the lack of experience - and you know this firsthand. It's the lack of experience for those that don't lock in profits for those that don't resu reduce position size at overbought levels.

It's the lack of experience of understanding when to sell and wait to what and when to prepare for a pullback to buy the dip and ride the recovery. So because of my actions that i did yesterday of selling, it allowed my future self to benefit from this. Pullback again, the only people freaking out are those that are not prepared. We're not here to predict the future we're here to prepare for it.

I'm not here to talk about emotions, i'm not here to talk about your hopes and your desires about amc. I wish you nothing but the best, but, let's be honest, that's you know it's a trade and at the end of the day, it's not a fundamental trade. It's a technical trade where yeah it would have been beautiful to see amc break above 50 dollars a share. You think, with my 1 000 shares that i had in it, you think i don't want amc to go to a hundred dollars.

You think i don't want that, but i'm not going to be dumb. I'm not going to be naive and hold 10 000 shares at 49, when i know that this is a previous resistance level, it's a range where it tends to get rejected. So, instead of being naive, i set myself up to prepare and that's all right. I sold.

I locked in profits yeah if it would have gone up you're right. I could have made more if i would have held, but i'm not always just thinking about what i could have made or what i would have missed out on, but more about. What's the risk involved, instead of always just being obsessed about the profit right, because everyone in this part, that's part of this movement, says that it's not because of the profit. Okay, then allow your actions to be expressed through discipline structure and not through emotion right, because if it's not about the money, then you shouldn't be freaking out when the market, when the stock pulls back.

So you shouldn't be aggravated that it did pull back at the end of the day. No one can predict the future. All we can do is prepare for it make sure that your actions are something that benefit your future self. That's all i wanted to leave you with.

I really do appreciate your guys's time. I hope that you guys enjoyed this overall video and maybe learned something new again friendly reminder. The five minute time frame was a very useful time frame to use when trading amc. If you decide to do so, so i hope that i earned your thumbs up.
Please consider subscribing. If you guys have any questions, please make sure to leave them down in the comment section and if you want to join my live trading session as soon as tomorrow. At market open click, the second link down below, like always, let's make sure that we have the year on a green now, take it easy team.

By Stock Chat

where the coffee is hot and so is the chat

35 thoughts on “🚨 i told you so (amc crash)”
  1. Avataaar/Circle Created with python_avatars Jbone027 says:

    Didn't watch the video, because the title didn't age well. Dumb.

  2. Avataaar/Circle Created with python_avatars James The Goat says:

    Its going test that 32-36$ range soon. Have fill those gaps

  3. Avataaar/Circle Created with python_avatars Roger B says:

    I was lucky to have invested in a "sure thing" stock in my early days of investing and wouldn't take profits – huge mistake. AMC is another "sure thing", this time I am swing trading this "sure thing". So much better

  4. Avataaar/Circle Created with python_avatars Matt Runyon says:

    Don't give him any activity. No likes no dislikes no comments (yea yea I know) it's obviosly clickbait for clout. This guy is sus af. I smell a shill. He Says "don't be mad I bought 1000 more shares. I say prove it.

  5. Avataaar/Circle Created with python_avatars G Castro says:

    TIME TO HIT THE 25% SHORT FLOAT ON BBBY…to the MOON!

  6. Avataaar/Circle Created with python_avatars M K says:

    Damn over 600 thumbs down lol πŸ˜‚ your no ape that’s for sure

  7. Avataaar/Circle Created with python_avatars grant sanders says:

    This video isn’t aging well πŸ˜‚πŸ˜‚ what a clown. Everyone be careful where you get your info from.

  8. Avataaar/Circle Created with python_avatars King Baboon says:

    Damn Ricky, so many idiots here in the comments that don't know how to trade. Must be the whole WallStreetBets server in here.

  9. Avataaar/Circle Created with python_avatars Max Mustermann says:

    We are here to hold up and down to make it possible. Not sell at top and buy cheaper back

  10. Avataaar/Circle Created with python_avatars Chiasson Ed says:

    Ricky I'm new to your channel what are your SMA settings on the chart? Thanks ahead good practical stuff here

  11. Avataaar/Circle Created with python_avatars Martin Ramirez Mi5 says:

    592 people don't like to hear the truth, lol. Keep up the good work Ricky!

  12. Avataaar/Circle Created with python_avatars ARZIVA says:

    You are like the annoying duckΒ from the lemonade song πŸ˜‚πŸ˜‚ only If the duck vomited… it would be the exact same content you provide..

  13. Avataaar/Circle Created with python_avatars Genny Trickett says:

    Your not looking at the Ortex data or the failures to deliver. You have no insight because you don’t have the facts. Learn how to do the research instead of looking at a chart that is being manipulated by market makers. You have no idea what the movement is about.

  14. Avataaar/Circle Created with python_avatars Statue Collector says:

    HOW TO LOSE YOUR SUBSCRIBERS by RickyπŸ‘ I’ll be back to check up on your sub count.

  15. Avataaar/Circle Created with python_avatars Donda Nana says:

    don't matter to me. My AVG is still $8.34 lmaoo

  16. Avataaar/Circle Created with python_avatars Lauren Elizabeth says:

    I'm no longer waiting for the GRANT LOAN because I earn $ 26,700 every 10 days recently…….

  17. Avataaar/Circle Created with python_avatars Youtubing says:

    You are what's wrong with the stock market dude.

    This IS a technical trade yes and if you were intelligent you'd investigate more deeply instead of making these weak ass baby profits, short interest is extreme. But being a moron you are reducing that short interest in your actions, which, long term takes away from where this is heading, so I just wonder how much you got paid to shill this and try to seperate the folks who are the reason this thing is skyrocketing

  18. Avataaar/Circle Created with python_avatars Chris Guy, Jr. says:

    its a trade, nah, this play is a HODL. Still like your vids tho.

  19. Avataaar/Circle Created with python_avatars Ovidiu Sustic says:

    everybody talk about β€œthe movement”. Dudes, apes, or how you call yourself: just do your thing and let other people do money. You don’t like day traders? Fine. Maybe we also don’t like your movement. Just do what fits you best. Great job Ricky. Hope you do everyday 100k just from Amc alone. All the people who says different, they are just broke haters which β€œhope” that one day… it will rise … ffs.

  20. Avataaar/Circle Created with python_avatars J B says:

    This guy is like everyone else’s it’s all just a play bud just find something else to talk about πŸ˜‚

  21. Avataaar/Circle Created with python_avatars Elton Carr says:

    I bought more today 😊 no matter what, I will sale no later than Thursday. I like the wedge candle pattern that AMC is showing along with what I am seeing on the options chart. Best realistic guess for next week, new high close to 100 but Im not an expert I'm just guessing πŸ™„

  22. Avataaar/Circle Created with python_avatars EJ says:

    What fo you predicted for tomorrow? I say its going up massively

  23. Avataaar/Circle Created with python_avatars EJ says:

    You don’t know how to read the AMC chart! πŸ˜‚πŸ˜‚ you fool

  24. Avataaar/Circle Created with python_avatars Hemant Yadav says:

    Sir I trade in in Indian stock market but Im also interested in analysing top gainers and loosers US stocks any website or app to check it out?

  25. Avataaar/Circle Created with python_avatars Val Cummings says:

    Just buy and HOLD.. If you are going to play AMC don't day trade it. BUY AND HOLD..My opinion not advice.

  26. Avataaar/Circle Created with python_avatars 이신 says:

    Took u a whole fuking 9 min videos to tell people about a Paper Hands in fancy detail technical terms wtf

  27. Avataaar/Circle Created with python_avatars Bullish_trader says:

    I'm addicted to AMC 24/7. I watch all the YouTubers on AMC and read all the comments. Then I go back to Webull and read all the new comments on AMC.

  28. Avataaar/Circle Created with python_avatars Khohva BFV says:

    Bro chill w the fckn title and thumbnails. Impressionable shareholders who get all their info from Reddit get scared easily.

  29. Avataaar/Circle Created with python_avatars Ricoshae007 says:

    These folks jumping on AMC wagon spreading Fud. People pay to get advice from people like this guy. Crazy to me

  30. Avataaar/Circle Created with python_avatars Lilo Moon says:

    No actually you aren’t helping ..keep making your money though. I understand what you’re doing but you aren’t seeing the bigger picture. you are actually emotional in this response to your subscribers

  31. Avataaar/Circle Created with python_avatars Cj Nor says:

    if you’re new to investing/day trading like i am i recommend watching rickys videos, his videos have actually helped me learn quite a bit, very very helpful dude no doubt!

  32. Avataaar/Circle Created with python_avatars Andrew Patti says:

    everyone just buy a ton of AMC so Ricky can be right

  33. Avataaar/Circle Created with python_avatars Edgardo says:

    Guys dont be upset. This guy is playing a whole different game than you are. He's gonna make so much money on AMC with or without the squeeze you are waiting for. On that note, don't try to do what he is doing either because he clearly is very experienced at day trading. Just look at the amount of money he is playing with.
    P.S. Ricky if you read this, can you pls pls pls mentor me? Haha

  34. Avataaar/Circle Created with python_avatars Osmar Castillo says:

    Hey Ricky what time frame is the best for day trading? 1 min, 10 min or 30 min? Which one do u use

  35. Avataaar/Circle Created with python_avatars Ricky Gutierrez says:

    I bougth 1,000 more shares today, so 2,000 total. Don't get so upset with the title, I broke down why I bought another 1,000 shares! Happy trading!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.