So what happened with amc stock? Why is it losing its momentum? Why is it down? On the day? What's going on team, it's ricky with tackling solutions? I want to kind of uh answer a couple of questions. There's people in yesterday's video and i get it um people, especially the the apes or whatever it is that they call themselves the people that hold amc and gme that you know will not sell right to each their own. One thing that i would encourage you to do just so: you understand that i'm not very one-sided um is, of course, i view this to be as a high-risk, high-reward type of play. I view amc holders uh to be somewhat insane, but at the end of the day, if this plays out the way that you guys say it does or you plan to um, it's insanity that tends to pay off uh in the largest return right.

So i wish you guys nothing, but the best. The reason i make my videos every single day. I don't short amc. I mean you can look at amc.

I literally don't do not have the option to shorty. My thing is: if i see a stock, ignore your movement, i'm not a part of it right. So you need to understand that if i see a stock, that's super bearish and has been selling off for the past year. That's what it has been doing.

We need to understand that right, it's been selling out for the past year. It has a nice rally. This is what we're talking about these rallies never last based off of the history, never not once they always get. They always come back down for whatever the reason might be, but they always come back down.

So with that being said, what do you think i'm going to say or encourage beginner traders to do i don't care about your movement? Just like you shouldn't care about my intention right, my intention is to day trade and that's it. We all can have different intentions and understand. You know you don't have to be against me. I don't have to be against you, it's not about that.

With that being said, if i see that a stock 9 out of ten times sells off after a push, what do you think i'm gon na think is going to happen? The tenth time it's patterns tend to repeat themselves: you're right they don't always have to, but they always have it is. It is a fact that amc always sells back off. When i made yesterday's video, i was encouraging people to look out for that resistance level. At thirty dollars that hey amc has had a run of being up over 160 percent in the past week and a half it's been an amazing run.

All great things come to an end for one point or another. With these meme stocks, it's it's effect based off of its history. People began to comment. Why are you not going to talk about how the hedge funds halted amc and i think that's kind of like where i get rubbed the wrong way where these people that have the loudest mouths in the comments section are true beginners, they literally know nothing, but holding Amc and if you have any common sense when it comes down to trading in the market, you understand that those are circuit breakers, they're, not done by funds they're not done by trading platforms, they're done by the exchanges, a completely neutral.

You know, exchange where anytime. Who cares about your amc stock anytime, any stock? It doesn't matter what it is. This has happened with tesla if it surges. This has happened with lower cap stocks if they surge it's a rule.

Look it up, google, it where exchanges have to implement these circuit breakers. Also known as curbs where they halt the stock before it resumes trading to kind of allow it to chill out. This happens any time that it moves usually anywhere from around 10 percent within a very short period of time. So if there's a 10 movement within a 5 to 10 minute movement, that is where those circuit breakers get put in place.

You are correct in the sense that that circuit breaker, when that halt happened, it did stop that momentum. There's no question about that, but that's just how the exchanges work. The thing that i don't like about amc traders is that you always think that everything is against you. It's like.

Why not take time to inform yourself how the market actually works. That's the part! It's like it's always that, like victim mindset - oh my god, it's the hedge funds that are doing this. It's melvin capital! All this like nonsense, it's like! No! It is a rule that that is put in place anytime, that there's that kind of volatility. It's literally a rule for anything if tesla shoots up more than 10 within a short period of time, they will halt it.

That's the whole purpose of it. If it drops more than 10 within a short period of time, they will halt it to allow it to chill out right to manage and mitigate that volatility. It's a rule. So with that being said, amc is solely based off of momentum, and i think that hul yesterday is a perfect example.

If you want to use that as an excuse for why the the market's against you, then so be it, you can come up with any excuse to justify your lack of success. But you need to understand one thing: amc based off of yesterday's performance and every other time that there's been any form of halt is solely based off of momentum and the more that you guys are aware of this, the better you can do with that being said, It doesn't have that momentum as of right now it doesn't mean that it can't continue to rally as of right. Now it is trading sideways and or actually selling off it's down seven percent on the day, i'm not happy about it. I don't short amc.

I can't short amc. Look my buy and sell. I it's not it's not about me right. It's about the beginner traders, a price point that i want you guys to be aware of is 26 dollars, 26.50.

Really just 26 dollars. We've had a nice rally with amc. We're overbought, if amc not only loses its momentum as it's already showing signs of but begins to trade below the four hour. Ema, be ready for a pullback, be ready for a decent pullback.

Seven percent is the least of your worries. The downside is about fifty percent. It's not that you should be scared, it's that it's time to prepare in advance if it finds its support here, that's even better for all of you amc holders, that's a step in the right direction. That is higher lows again.

I want i want to try to be neutral in the sense that you guys need to stop commenting ridiculous excuses for your lack of success. It's like you're choosing to take advantage of this high risk. High reward opportunity understand that there's two sides to every opportunity: stop making excuses for it as of right now we're at the ema line if we break below be ready for a decent, retracement, probably back to 18, maybe even back to 15., if we hold above the Ema and that momentum continues, i don't know how they're going to do it, but if all of you amc, apes or whatever the case might be band together, you hold that support enough. Buying pressure comes around it picks it back up, be ready right.

Higher lows is a really good sign for any any trading setup, especially amc amc is something like i've never seen before kind of like gme, where the momentum when it takes off is, unlike any other. Congratulations with that, but understand that any opportunity comes at some form of risk. So, if you're going to talk about how much money you could potentially make you need to take into consideration and have the conversation about how much downside risk there is. I wanted to explain to you guys what happened yesterday with that circuit breaker with that halt.

It's not that the market's against you, it's that that is a common known rule and your lack of understanding of that is just a direct representation of your lack of understanding of how the market works and it comes with the territory. No one knows everything as they're. Just getting started, but it takes time to make progress and that's all i want for you guys to actually take time and understand why and not just make an excuse on why you continue to fail. You get what i mean, so i really do appreciate you guys time.

I wanted to update you guys on oil. Oil is up. Overall, markets are down, literally everything goes up. We got sqk spxs s, dow.

That means that all three major exchanges are down on the day, so that's only adding to that selling pressure with uh or for amc. So please be aware of that that it's not just amc. That's selling off today it's the overall market, and i want you to be aware of that. I hope that amc plays out in your favor.

I really do, but my job is not to be hopeful. My job is to look out for the beginner trader right to understand and manage that risk, so i hope that you guys can understand it if you want to have a conversation, i'm definitely open to this conversation, especially if you're an absolute beginner. I have a free discord group, it's the first link in the description, and you can direct message me. You can, you know, converse with thousands of other traders all over the world, especially if you're tired of all of those reddit just spam group chats and you actually want to have an actual conversation with people that understand the market.

First link in the description. It's a free discord, you're welcome to join, and if you want to be able to watch me, trade live every day and access to everything it is that learn time. Profit gets you access to. That's that second link down below this is the exclusive group that gets to watch me.

Trade live every morning. They get access to the a2z video lesson library and then they get access to a private discord. Group chat, where again, the quality of information is just that much greater. I really hope that you not only look out for yourself, but your future self, in the steps that you take as amc begins to sell off or hopefully set up for an overall reversal.

Like always, i hope that earning you a thumbs up, please consider subscribing and, like always, let's make sure that we end the year on our green now. Take it easy team.