Loved the video that i uploaded yesterday, uh just quickly explaining on why i made the choice to invest a hundred thousand dollars into amc uh. It's not an investment that i plan to hold for a very long period of time. It's just more a trade uh, because if you guys look at it on the four hour time frame, uh we're here testing the support level right around the sma line. The sma line is now acting as a resistance level, i'm up a little bit over four thousand dollars on the day based off of my position size of yesterday to what i have now, because it recovered a little bit.

I reduced my position. Size 500 shares right. So it's not a crazy amount, it's about 20 000, and i want to explain to you why you know it's not about copying about what it is that i do because i'm not 100 right all the time right. But i want you to understand my thought process behind it.

If amc does not indicate signs of an uptrend worst case scenario right, if it actually ends up getting rejected, i need to make sure of two things. If it does begin to pull on back, i either want to make sure that i have enough money left over where i can buy more right so being able to have enough money left over where i can take advantage of the opportunity if it presents itself and It actually pulls on back, so that is the best case scenario if it actually pulls on back right. So i lightened up my position size a little bit, but if it actually begins to indicate signs of an uptrend, then again it's like nothing. I don't really miss out on anything yeah.

I don't have the full 2500 shares, but i can always just buy back in and that's one of the concepts that i want to share with you guys. It's you know, i'm not here just to talk about amc. I'm not just here to you know, put money behind something blindly, but i want to make sure that it makes sense on when we add more to our position, size or, if worst case scenario pulls on back, then we can at least tolerate that pullback and or Be able to take advantage of it and because we have money left over right and i think again, i'm speaking from my experience, but i'm sure a lot of you guys would agree it's one of the worst feelings when you're fully invested in something because you bought The dip and then it continues to dip right and then you are just literally sitting on your hands because now you're just waiting for it to recover, and i just don't want to sit on my hands as you can imagine, so i lightened up my position size. A little bit very grateful for how today played out um and just simply following up right.

I talked to you guys about it yesterday, uh, where i explained why and it looks like things are going according to plan, but a step in the right direction would be to begin to trade above the ema line on the four hour time frame. Uh. That's definitely something that i'm looking out for and seeing if it actually ends up, you know indicating signs of a reversal. That's when i can really step on the gas and that's when it would actually make sense if you're watching this video and you're asking the question, should you buy or should you trade amc right now? I am telling you this as someone that has 80 000 into amc right now right, so it's in my benefit, for more people to buy, and i'm telling you this as someone that is holding eighty thousand dollars of amc, i would not buy if i were a Beginner trader, if you're not good, at managing risk, if you're not good at managing your position, size, i would not buy in now and the reason why it's still trading below the ema line it can still sell off, and it's not indicating it's not indicating signs of An uptrend so until it actually receives that confirmation and begins to make these higher highs and higher lows, then it would make sense right, but you buying before the ema is risky.

It's not that it. It can't recover. That's not what i'm here to share, but i'm telling this as someone that's invested. If you are someone, that's just getting started, i don't want you to discourage yourself wait for that confirmation.

It pays to be patient and there's no reason you need to be more risky, especially if you're just getting started. At least that's my two cents. I would, rather you be more on the conservative side versus someone like myself, that you know if it does end up selling off and i have to cut losses. That's the position that i put myself in.

I have experience and i know how to overcome those challenges. Right uh, but i just want to unders. I want you to understand where it is that i'm coming from the reason why and where i plan to buy more confirmation, is so important. You only want to put money behind something when it's actually indicating signs of an uptrend and there it goes.

It looks like we're about to break five thousand dollars on the day. There is one stock that i did want to quickly talk about. It looks like i wrote fee very very quickly. This one actually was brought to me by a learn plan.

Profit member. This would make you know. I talk about. Amc and amc's are great stock to potentially trade, but this is facebook.

Facebook has recently sold off. Please look into why it's sold off, but facebook. The thing i really like about it is first off facebook isn't going anywhere, it's so bullish and it's so consistent. It is consistently indicating signs of an uptrend, and it's times like this when it sells off that you can take advantage of that lower price and write it back for the recovery and that's essentially what i'm looking at this as it's not that it.

It can't continue to sell off because it easily can, but it's looking at it big picture understanding its true direction and its current value based off of where it was, and i think from where we're at right now, if it were to recover again, 12 is not Bad for a company that is one of the most valuable companies in the world right, if you look at its market cap 967 billion dollars so for them to lose, you know that 12, that's a big hit, so i'm excited to follow up with it. I just wanted to make sure that i did my part and not only talk about my amc trade, which is viewed as a little bit more risky, but maybe something a little bit more on the conservative side for our beginner traders or swing traders for those that You know can't partake in trading the market every single day, so let me know in the comment section. I really hope that i earned your thumbs up and it really helps out the channel. A lot of you guys subscribed yesterday, if you guys can consider subscribing.

I hope that you know i can continue making videos uh, that you guys appreciate and if you have any suggestions for future videos make sure you share those down in the comment section, i will see you in our live training session tomorrow at market open and if You want to join us that is that second link down below. I appreciate you guys time and like always, let's make sure that we end the year on a green now. Take a digi team.