A couple different things with you when it comes down to amc stock, what's going on team, it's ricky with tackbot solutions, and if you are going to be asking the question, am i still holding amc? I am still holding a little bit over a thousand shares on the weibull trading platform uh. I want to talk about the good and the bad. This is a very open-ended video if you're looking for a video to tell you where to buy or if you should buy this video is definitely not i'm not ever here to encourage you to buy, to sell or anything like that. I'm here to share my thought process on why i'm doing what i'm doing - and i hope that this video just gives you a better understanding of that and maybe gets you one step closer to your overall goal.

So a lot of you guys know that amc had its original rally right peaked at highs of above 70 a share and has been selling off ever since it established a support level right around 30. A share. A lot of people were beginning to lose hope and then, ever since its recovery when it broke above the ema line right around 34, a share. It broke above the estimate line on the four hour time frame, which was a good in a great indication.

You could see that that time that it actually broke above the sma line, we saw a huge breakout and it nearly hit highs of fifty dollars. I'm going to talk to you on why i think that price point is so important. This is all technicals. There's no fundamentals here: amc is not going up because it's fundamentally a good stock to invest in right.

There's two reasons: technicals in the sense of we break above a specific, a very popular indicator and a very popular price point of 40 a share, and that leads to again a huge breakout which leads to a potential resistance at around 50. A share which has been a previous resistance before, as we can see back here, we experienced the pullback, it makes sense right. It pushed up over 25 percent uh. Just on this day alone.

We locked in profits, it pulled on back it consolidated. It established the support level. Look at the macd. Look at the rsi, all technicals right.

No fundamentals here pulled on back, consolidated and began to make a science and show signs of a recovery. You can see that today alone it pushed up eight percent after market hours, 1.2 percent, it's already up 10. Today alone, it was up 10 last uh yesterday, if i'm not mistaken and the days prior to that, it's been super bullish for the past two to three days, which is a great indication of a potential breakout. This is why i'm still holding 1 000 shares.

I am holding 1 000 shares for the possibility of this thing breaking out above fifty dollars. A share and amc again uh begins to test previous resistance levels at sixty one dollars or seventy five dollars. Now am i still treating this with my fidelity account? Am i still holding it with my fidelity account? One of the things that i shared with the learn plan. Profit group is i'm very open with when i'm trading it or when i'm holding it, and what what it is that i'm doing this is with my fidelity account.

I announced that i wanted to buy the dip right, as amc pulled on back. I wanted to show you exactly what this was. I announced the pullback right as it pulled on back and began to test that 46 dollar support level. It made sense right it pulled on back, it was making higher highs and higher lows.

It was previously testing the sma line and based off of technicals, because that's all it's really working on technicals and hype right for those that are holding for the movement it pulled on back and began to establish the support i locked in profit, the majority of my Profits up here right, if you are part of lpp, you know that i always lock in profits, especially with my fidelity account, which is a little bit more money and again i began to really load up on amc at 46.07. I bought 2 000 shares. It began to indicate signs of an uptrend one minute later bought. Another 2 000 shares again a couple minutes later it broke about 46.39, nearly 30 uh 46.40 right.

I bought another 1500 shares and then guess what, from 35 minutes to one minute, so a total of 34 minute trade right from start to finish, i sold everything. The 6 000 shares at 47. 10.. I locked in profits.

I chose to lock in profits after market hours now i did that with my fidelity account, because i had so much money behind that trade right. It's a very risky trade and looking at amc, i'm just explaining to you why i'm doing what i'm doing right! So why is it with my weeble account with 1000 shares? Why am i willing to hold these shares, but not hold my fidelity account at the end of the day. One of the things that you have to understand is that behind every trade there is some form of risk and it is our job as traders to in some form of way manage and mitigate that risk. And when it comes down to having a six thousand share position, you can do the simple math right six thousand shares times forty seven dollars of what that averages out to right.

I have a couple hundred thousand dollars in amc. I am not comfortable to hold a couple hundred thousand dollars of amc, but i am okay with holding you know a little bit over fifty thousand dollars and that it all comes down to what it is that you're comfortable and what you can tolerate. I'm excited. I'm excited to see if amc breaks above fifty dollars a share, which is why i personally decided, even though i'm up six thousand dollars on the day.

Just on my weibo platform, i decided to hold if it pulls on back, then guess what i cannot be surprised if i take a hefty loss right from where we're at. We can't just talk about the good. If everyone is just talking about the good, then that should be a huge red flag. It has the potential to pull on back and quite a bit right as a 30 uh downside margin based off of previous support levels, so do the math.

What does that you know calculate or or come out to be right, but also, what's the upside right? Let's not just talk about the upside, but let's talk about the downside and now that we talked about the downside yeah, you know there's great upside, which is why i'm choosing to only do this with a thousand shares. I still understand that it's a great deal of money right, but everyone trades with a different position size when it comes down to these risky trades more often than not, based off of previous resistance levels, there's a very common resistance level at fifty dollars a share. This is why i did not hesitate to lock in profits. This was a very aggressive trade.

This led to my total day right just on my fidelity account to make a little bit over twenty one thousand dollars, but again, i'm trading with a lot more money. On my fidelity account with my weeble account, you know i'm okay, with taking a little bit more risk, but with a much smaller dollar amount. That's where you mitigate risk right. You put yourself in a position that you can tolerate, so if it does pull on back.

Yes, it is going to suck to give back some of my profits, but i'm doing it because of the upside versus downside, and i'm doing it with a position size in which i can tolerate. I'm not doing it because other people are telling me that i should hold amc, i'm not doing it because i have no plan right. You guys know firsthand. If you've ever watched any of my videos, i always encourage others to set up a plan.

You know at the breakout above 50. I see there to be the next resistance level right around six dollars a share. I would see there to be a very similar breakout like we went from. You know uh forty dollars nearly two highs of 50., where i can see if it does break above 50, we can go to nearly highs of 60 and guess what it's already overbought.

So if it goes up to nearly 60 dollars a share, you really think i'm gon na hesitate to lock in profits. I don't care what other people are saying. I don't care what other people are feeding you right with the with the idea that it can go to a hundred dollars or a thousand dollars. I i hope it does for your sake right.

If that's what you really want, i'm all for that. I wish you guys nothing, but the best. I wish you nothing but prosperity right. That's just not my style, i'm here to lock in profits, and i want to take advantage of an opportunity in a way that makes sense to me.

I always have an exit plan. I know where i'm going to cut losses if it breaks below, and i do it with a dollar amount that i can tolerate. So if you want to day trade amc, then day trade amc and do it confidently? Do it with structure and understand that it's a very risky trade, especially at these overbought levels, at fifty dollars a share right if we, especially if you don't break above it, but if you're, someone that wants to hold for the movement, because you think that it's gon Na break to highs of a hundred or a thousand or a hundred thousand, i don't even know what people are saying nowadays. All i know is that people think that again, the short squeeze hasn't happened that it's coming.

I wish you nothing, but the best right. You will be someone that will either do extremely well in a once-in-a-lifetime type of trade and or have a horrible red trade, but that's the position that you're putting yourself in so all i'm here to share is you know with with open arms, i am encouraging you And and hoping nothing but the best, but i don't like to trade based off of hope, and i don't like to trade based off of hope with a lot of money on the line. So i'm here to share both the good and the bad. I wanted to talk to you guys about my you know, plan on why i locked in profits with a much larger dollar amount, but why i'm again willing to at least leave a little bit over a thousand shares on the line for a potential breakout.

I'm doing it in a way that makes sense to me and that, yes, it is risky, but the upside still outweighs the downside. Just make sure that any opportunity that you choose to take advantage of it makes sense to you that you don't only think about the upside that you don't only think about that. It has to happen. That is such a hopeful and naive mindset.

Make sure that you take into consideration both sides if you were to go down to thirty dollars a share if it were to go down to twelve dollars a share? What does that look like for you? We all know. Amc fundamentally, is not there. The ceos right. That's the ceo and the executives know that amc is not there.

It's the main reason they've been selling amc, but this is a movement like no other. I've never seen anything like this. So guess what i put some money on the line and if it plays out well i'll, do pretty well, but if it doesn't, then guess what i'm only putting a certain dollar amount in which i can tolerate. I'm sorry for being so repetitive.

I just need it to make sense to you on having proper intention and position size when choosing to take advantage of a very risky setup. I'm looking forward to the breakout. I have my alert set, but also i'm prepared for a pullback. So if it does pull on back, then guess what, with my fidelity account, i can buy the dip back at 30.

A share and i'd be happy to you know ride the reversal once again, never be afraid to lock in profits. You know all these people that are encouraging you to sell at the end of the day, if you take a loss, they're not going to be paying your bills, so at the end of the day, make sure that you do what's best for your future self wanted To provide you guys with a clear update on my overall trade. Yes, this is a red trade, a green trade, my apologies, but i wanted to share with you my plan, my upside versus my downside account size versus you know position size on my smaller account and the overall setup. So i appreciate you guys time.

I hope that i earned your thumbs up feel free to share any of your open thoughts in the comments section um. If you get upset based off of what it is that i say, i really don't know what to tell you, i'm not here, to discourage you or to advise anyone to do anything um at the end of the day. It's it's so important that you just you know, take initiative for the opportunities that you choose to take advantage of and hold yourself accountable. If other people don't agree with you, it doesn't mean that they're against you.

It just means that again, you have different plans. You have different intentions and there's absolutely nothing wrong with that. So if that does still bother, you then go outside, find the biggest rock and kick it right and stub your toe and yeah. I hope it hurts, but other than that.

I hope that earned your thumbs up i'll hope and wish you guys an amazing rest of your day. I'll see you guys for the live training session tomorrow at market open and if you guys want to join us, that's going to be that first link in the description. Until then. Like always, let's make sure that we in the year on our green now take it to the team.