So i want to talk about the difference of day trading and swing trading. Right, i feel like this has to be said, because now amc is down another 12 um. You know i've. I've made numerous videos uh.

I focus on trading. I focus on patterns. I don't care what the stock is. I focus on what i believe is to be important and that's what the charts are telling me.

I don't care about what someone else thinks i don't care about. My hopes and my desires, it's not about that right and i think today is a perfect example of you know. No one or very few people and you could have seen in the comments section. You know you can look back two or three weeks ago right when i made a video that i'm locking in profits uh amc at 43 or 44 dollars any time that i talked about locking in profits.

People are like that's so greedy of you. I can't believe you're doing that everyone buy everyone hold right, and it's like i like to be open about what it is that i'm buying i like to be open about what it is that i'm selling. I don't want to pretend and say that i am holding something or what do people call it hotline or diamond hands or whatever the case might be uh and then on the back end. I just sell to you know for my own good.

I like to be very straight up with you guys on why i buy at support levels, why i sell at resistance levels and why it doesn't make sense to hope something to happen when it's never played out that way, right and then now from when i've made A video of me selling amc is down nearly 50 percent right. Amc is at one of the lowest price points it's ever been since this whole uh reddit thing began to happen it's down 12 today, and one of the things that i wanted to share with you is, like you know, as amc has been bleeding, it's been pretty Exciting for me, you know, and the reason it's been so exciting is because it gives me an opportunity to be able to buy the dip when it makes sense. Not when i want to or not because i think that amc's gon na go to a thousand or a hundred thousand dollars a share, but it's being realistic understanding that, at the end of the day, amc is simply just like any other stock. A stock.

That's publicly traded in the stock market. It doesn't matter what you hope happens. It is in the public market and when it comes down to wanting to day trade - something it doesn't make sense today, trade, something when it's bearish, when it's making lower highs and lower lows. But like what we're seeing right now - and it doesn't mean that it has to play out this way, but i'm about to potentially add more to my amc position if it begins to actually make higher highs.

Above this ema line, you can see that amc is trying to establish its support level. If it has a nice little run, then guess what i will buy and then at the resistance level i will sell, i will lock in profits. This is nine percent that i have to work with. I will lock in profit.

I will walk away. Does that mean that i need to hold amc? Does that mean that everyone should hold amc? It's like? No. Everyone has their own intention like like. Why can't we ever encourage or be happy for other people to do their own thing, especially in such a risky market, especially in such with such a risky stock right uh, everyone just was so against me, holding or me selling amc at 42, 43 and 44..

They said - oh, my god, you're gon na miss out on it. Trust me don't worry about missing out on something if i miss out on something because i lock in profits i'll be okay with it right, but you know what i what i am happy. I didn't miss out on writing and bag holding amc from 44 dollars all the way down to 24, because now i can buy emc at a 50 discount, meaning that i can make 50 potentially roi if it recovers. I can probably actually make a little bit more based off of how it works so from where we're at right now, if amc recovers to the same resistance level at 44, a share, that's about 84 and that's 84 potential roi that i could potentially make, because i Don't listen to other people that have no experience trading; all they want to do is bag hold.

All they want to do is to encourage others to hold with them. What what kind of strategy is that i've never heard of that before? I've never heard of that? To work for anyone right, this is not an investment stock, and this is where we get into the swing trading or investing people like to compare amc to like amazon or tesla or facebook when it was very cheap and everyone was, you know, uh against them. What do you mean like amc, is a theater, a physical location. It is not a tech company, don't compare any ceo of um, you know what what's his name, aaron rodgers or i don't even know this.

The amc, ceo, whatever his name, is he's liquidating his shares because he knows amc is overvalued and it's nothing like a tech stock right. It's nothing about uh, future valuation. If anything, amc is a dying company, it jumped on a hype and it was selected randomly through a series of reddit traders. It brought a lot of eyes.

It brought a lot of demand within a very short period of time, and it is a glorified pump and dump. It makes sense to trade amc when the direction's in your favor, but when it's selling off, you really think that i'm going to try to encourage beginner traders to hold amc when it's making lower lows lower highs and it moves from forty four dollars down to twenty. Three dollars that makes absolutely no sense, there's no ground there and, i think, that's, i think, one of the saddest things it's that people get so caught up in the hope and then the desire of wanting to potentially make money because they're like oh, like this, is This is a movement. This is something like where this is going to be like.

I want to wake up one day and have a million dollars in my bank account like. Okay, so does everyone else. The hope and the desire of wanting to be rich is not special. That's not special, like what about that.

There's like there's nothing special about that everyone wants to be rich. What we're here to reiterate is make sure that your actions today are something that align with your future self. You know what trading is supposed to consist of. You know that it only makes sense to take advantage of an opportunity where the direction's in your favor - and you know at overbought levels.

It is. It is in your best interest to lock in profits to anticipate a potential pullback. So you don't end up back. Holding and regretting not locking in profits at overbought levels - and you will see right even with this video people will comment down below the shorts - have to cover well sure, but most likely you will cover and cut your losses before.

Let's say the shorts do so. I think that's, i think the the funniest part about this is that people are so naive to think that something has to happen. That has never happened before. At the end of the day, i like to keep things simple, i like to trade when the directions in my favor - and i always like to lock in profits as that is, has always been the focus of my channel and the focus of learn plan profit.

It's to identify an opportunity to not get greedy to set a target sell price and regardless of how much more, it could potentially go up that you're, okay, with walking away locking in some profits while the rest bag hold and ride the stock back down. That's the difference. It's understanding what to do when other people are hoping what happens and yeah i mean i'm just going to leave it at that. Today's is definitely a red day for most of the market.

We could see that tqqq is pulling back. I was thinking of shorting tesla right on over here uh tesla, getting rejected breaking below a thousand dollars a share. It's definitely a difficult day for most of the market, but i think that's one of the most beautiful things is that again, if you prepared for these pullbacks and you anticipated the market to pull on back, this is where you can make a lot of money. We buy the dip on the quality companies that we see value in so when they recover.

That's where we make our profit do something today that your future self is think. Uh can thank you for uh and that's exactly what we cover within our learn plan. Profit group, so again, if you guys want to be able to watch me, trade live every single day and actually learn how to trade and what it takes uh to trade successfully in the stock market. I'm gon na put the first link in the description.

I have a 100 off coupon and we can see you potentially tomorrow at market open if you're ready to join our team. Other than that. I really hope that i earned your thumbs up. Please consider subscribing and, like always, let's make sure that way in the year.

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