Hey what's going on team, so a quick update for you guys. This is ticker symbol! Amc it's up a little bit over eight percent. So far on the day, one of the things that i want to point out is yes. I personally do have on my weeble account a little bit over 3 400 shares this amounts to about 10 000 on the day overall, on my fidelity account, i made a video a couple days ago saying that i was buying 12 000 shares of amc.

Here's a quick little update for you guys on my overall p l uh, not just on my amc position, but i'm down 5000, today alone on my tesla short uh heads up tesla reports, earnings today uh, but i made 46 000 today when it comes down to My amc position again part of this is a recovery i bought at an average purchase price of around 37.75 to around 38 dollars. Just make sure you take that into consideration um. Why is it well? The thing that i want to share with you is the reason why i'm still holding so like: why have i not locked in profits on amc? One of the things that i want you guys to know within this video is at the end of the day. If you want to lock in profits right now, all powered to you, i'm never here to convince you to hold a position for a movement at the end of the day as a day trader as a trader in general, as an investor.

Make sure that you do your part in taking advantage of opportunities that make sense to you and never be afraid to lock in profits. One of the main reasons that i'm deciding to stay in amc is, i viewed the dip to be an opportunity right. It pulled on back to lows of around 35. It began to indicate signs of a reversal, and today alone, on the four-hour time frame again.

This is what i see with the break above the ema line and based off of previous resistance levels that used to act as old support levels. You guys can see that from where we're at as of right now now trading above the four hour ema, which is a great indication of an uptrend uh to that estimate line. It offers nearly 20 if it were to make a recovery just to the sma line and if we were to make a recovery back to that, sixty dollar resistance level. That's a fifty percent potential.

Again. I am deciding to take advantage of this with my position. My position size because i understand the risk and i understand the opportunity, if the risk versus reward just isn't worth it for you, if you're a new trader, if you're an absolute beginner and you would rather lock in profits right now. I am always here to encourage you to do so.

If that is what you originally had planned right, i wanted to update you guys through the progress. I was updating you guys on the red day. I wanted to update you guys on my green day as well. So again, it's amazing opportunity to see that amc has pushed up eight percent, it's a step in the right direction.

I looked into it there's no fundamental reason on why it gapped up today. So i looked at all the different news. Looked at all the different reasons, as of right now, it just again on the technical side pulled on back it sold off enough that it began to indicate signs of a support, and today we just saw enough price action enough momentum, and the rally was just so Strong today that we kept surpassing every resistance level if we go on the one day, one minute chart. One of the things that i personally want to point out is the reason that i'm not here to encourage people to hold is because it's obvious that at forty dollars it doesn't hold very well for amc, and you guys could see this firsthand that you guys can See every single time that it pushes up to forty dollars, it pulls right on back forty dollars pulls right on back hits highs of forty dollars pulls right on back so again as we're at 40.

One of the things that i did is with our learn plan. Prof group is, i encourage them that hey just a reminder, we're back at 40 a share, and if you want to lock in profits all power to you, never hold a position to please someone else. I can't stress that enough. One of the last things that i want to talk about is tesla tesla during after market hours, in just a couple of minutes should be reporting earnings and if this acts as a negative catalyst right, if they report less than expected and not beating expectations when it Comes down to earnings, we should see a big drop.

If it comes down to tesla exceeding expectation, then we should see a big push. I'm very excited to follow up. But again i just wanted to do my part in updating you guys on both my green days and my red days. I made a couple thousand dollars when i was shorting tesla as it came down from overall highs of seven hundred dollars.

I made about uh ten to eleven thousand dollars shorting, it all the way back down to the sma line. Now things are not necessarily going exactly according to plan, but i have a little bit of a lighter position just because of that so again, updating you guys, both on my red days and of course, on my green days, so 41 000, all together on the day. So far, and then, when it comes down to my weeble account alone, i'm up a little bit over ten thousand dollars, uh, so a little bit over fifty thousand dollars on the day uh. Let me know in the comment section what you guys think about amc.

Do you plan to be someone that is going to hold amc? Do you think that you're going to be selling at the sma line um, which offers nearly 20 from where we're at right now, or do you plan to lock in profits right now? I don't think. There's a right or wrong answer at the end of the day, it is your job to take advantage of opportunities that make sense to you and to lock in profits when it makes the most sense. So again, congratulations to our giveaway winner. I just posted them on instagram and if you want to partake in that giveaway, just make sure that you're subscribed to the youtube channel and that you drop a thumbs up.

So i appreciate you guys time. I hope that we earned your thumbs up. Uh consider subscribing and, like always, let's make sure that we end the year on a green now, take it easy team.