So let me explain exactly what i plan to do so as right now. I have 3 000 shares. A lot of you guys know that i've purchased over 5 000 shares at a time, and my main focus is to trade amc when it's bullish, i'm not here to say that i'm an ape, i'm not here to glorify it, i'm here to simply take into take Advantage of an opportunity uh when the overall direction is in my favor uh, am i going to sell all of my shares just to keep this video super short and sweet uh? No, not at all. I plan to sell half of my shares and let me just explain to you why and then in the comments section feel free to do uh whatever it is or say whatever it is that you want right um.

I have a lot of money invested right now. In my position, uh, even with this lighter position in comparison to what i did have invested, i have 164 000 amc has been a blessing since i've originally invested in it or have been treating it uh since 26 dollars a share. Yes, i've seen my days where you know i've been up. 20K 60k there's been days that i've been down 10k right um and it's been a very enjoyable roller coaster, more green than red.

Definitely now it's beginning to indicate signs of a resistance at 60 dollars and we tested that resistance level today, so i wanted to give it the benefit of the doubt. I was ready to double down on my position. I wanted to go in with over 5000 shares. If it broke out above 60, you guys could see that almost every single time it got rejected it got rejected.

Today we tested that price level and right around 60 and like 25 cents it got rejected once again an hour below ema. The whole idea is, i want to be fully invested when the direction is in my favor now, by having a heavy position when the direction is not in my favor. That just puts me in an unfortunate position where, if it begins to pull back, i have so much money invested that i pretty much just give back some of the profits that i already made when i can do one of two things right. The approach that i want to take is because, right, even during this video right, i went from break even to down a thousand dollars on the day.

So just shows you how much i have invested i'm not going to sell my entire position, but i want to prepare and set my future self up for success. And what does that look like for me? Hear me out as of right now we're consolidating there's a possibility based off of previous uh results. Resistance levels at sixty dollars, a share that it can pull back to 43. You know 30 dollars a share and i want to make sure that i can buy more amc at those lower levels, but i'm not going to feel very motivated to buy amc at those lower levels.

If i'm fully invested already, i'm not going to have the ability to buy at those lower levels so because it's already showing signs of resistance and because it's hesitating to break above 60 dollars a share. Then i can just cut my position in half from where, where it is that i have right now, so i'm still going to be invested with you know, over 80 000, which is a decent amount right in comparison to my other positions, i still have some skin And game i still want to partake in the action, but i need to make sure that one of two things - the very common mistake that i see a lot of beginners make is they get super excited super emotional and they forget the whole reason. They're even invested right. The whole reason that we put money into the market is to make money right, at least that's my intention and by being fully invested, if it pulls back guess what i'm going to become an emotional mess right.

I'm not going to be able to tolerate that pullback as easily as i might. If i have a lighter position and when it comes down to risk management. Let's be honest: let's talk about the elephant in the room. Amc is a risky stock.

High risk high reward. It comes with the territory, so i need to make sure that i do my part in mitigating risk more on this than the average blue chip stock right uh, and i just wanted to share my trade plan with you guys you guys don't have to copy what I do i'd, never encourage you to copy anyone at the end of the day. You should simply do what makes the most sense for you and i think that, because of this obvious resistance of what 60 dollars it's pulling on back and i want to buy more, i want to buy more than even what i have right now, but i am Seeing signs of it breaking below ema the potential pullback to go back down to forty four dollars, i don't wan na write it all the way down with a hundred and sixty a hundred and sixty thousand dollars, i'm not an ape. Well, i don't.

I don't care about those names right. I am a trader i like to set my future self up for success. I'm not perfect, so i'm going to make mistakes, but i also want to have some skin in the game that, if this short squeeze that everyone continues to talk about actually plays out, i still have eighty thousand dollars invested, even at half of my position at fifteen Hundred shares i'll still have eighty thousand dollars which, let's be honest, uh that's more than the average. Probably trader has uh when it comes down to their amc position.

So i want you guys to know that i have your best interest in mind right when it comes. Sounds like i always want to encourage you not tell you what to do as you never should be told what to do right by anyone, but encourage you to have a plan set your future self up for success. If you want to hold - and you want to you know, because you want to be called diamond hands or you want to be called an ape, then all power to you you'll reap the benefit if it actually pushes up through that short squeeze. But there's two sides to every opportunity, so you'll also experience a much heavier loss if it pulls back so just be aware of that right.

So do your part in setting your future self up for success, don't be surprised, be prepared and that's a very simple step that you can take and it's taking time to plan out your trade, your position size and make sure that you're well balanced that you have Enough money motive, enough money invested in your trade or your investment that you feel motivated to follow up with it, but not so much that worst case scenario. We have to talk about it if it pulls on back that you become an emotional mess and that's the simple question that i'm going to leave you with it's a rhetorical question: you can answer it yourself. Are you prepared for a pullback and if you answer yes right, because the dollar amount that you have invested if it pulls on back and you're, like i'm fine, i'm up so much on amc, you guys have been killing it. Some of you guys have an average purchase price of ten dollars.

Four dollars. I've seen people even at excuse me even at two dollars right 15. You know i began to trade it when i was at 26, so i didn't have that luxury. So my idea was, you know, buy the low, sell the highs, reduce position, size, buy the low, sell, the highs and stuff like that.

But yeah just you know. If you can't tolerate a pullback i'll power team, i just want to have your best interest in mind. Set up a plan, stay well balanced and stay effective, but if you're someone that's very heavily invested and you're, not taking into consideration that if it pulls on back that you know you could lose a decent amount of money and if you're not in a position to Tolerate that then guess what you're probably going to cut losses at the lowest point, you're going to become an emotional mess, you're going to become discouraged, and you don't want that for your future self. So all i'm saying is this is fun.

This is a fun stock to trade, but it's a very risky stock and we need to talk about it right. It is your job to manage your position size. It is your job to manage your risk and i simply wanted to share my plan so right now we're at eighteen hundred dollars of loss and, yes, i've seen in the past what five minutes i've gone from break even to down eighteen hundred dollars uh. I was up over, i think, during the learn plan.

Profit live trading session. This morning i was up over fifteen thousand dollars as we hit highs of sixty dollars a share, so amc is a stock, that's great when it is when the direction is in your favor right and then it's not when it's not in the sense of when it Begins to pull back, everyone begins to freak out. Just don't be someone that freaks out. How do you do that you prepare for a pullback? That's all it's the very simple things in life that people tend to overcomplicate and trust me.

The stock market is no exception. So i'm very excited to follow up with amc. I just felt like i owe you guys an update as i've been updating you guys on my green day. You know on my green days.

Yesterday was a 23 000 day uh the day before that, on friday, uh was also a little bit over fifteen thousand dollars. Uh last week was one of my best trading weeks when it came down to percentage growth um. I had a 60 000 day on amc. It's been such such a blessing, so i'm not i'm not concerned about the two thousand dollars right.

Some of you guys might be asking ricky. How do you deal with red days? How do you ask that question when you know, if you put yourself in a position where you can potentially make sixty thousand dollars in a day with how much money i had invested? How can you not expect or prepare to be in the red right? I've been in the red ten fifteen twenty thousand dollars and it comes with the territory. It comes with the territory in the position that you put yourself in. If i choose to trade with this much money, i have to understand that it's not just all you know.

Rainbows and butterflies, right and there's red days and it you know, loss is inevitable. It's the stock market. It is simply our job as traders to manage it, and it's as simple as that. So i am very excited.

I'm still very grateful for the opportunity that amc has uh presented to me as a trader. I just need to make sure that i keep my future self into consideration, and that is what i'm sharing with you guys today. My trade plan, where i'm still invested with eighty thousand dollars um, so feel free to share your opinions or your comments down in the comment section. But at the end of the day, i have my best intention in place just in case that it does pull on back.

I hope that you guys know that once it does find a support level, i'm going to do my part in buying at those lower levels and then i'd love to write it back up with an effective position size. So i hope that i earn your thumbs up. I hope that you guys can consider subscribing if you're an absolute beginner feel free to ask me any questions you guys can join our free facebook group uh. That's actually that first link down in the description - and let me know also in the comment section - i was planning on making a weeble setup video, so my whole weeble setup how it is that i have these like custom, widgets and stuff like that.

So if you guys would like me to make that video and explain my entire setup, all we ask you to do is to drop a thumbs up, leave a comment and also consider subscribing, like always guys, continue working hard to continue following dreams. Let your passion be a draft during success and, like always, let's make sure that we in the year on a green now take it.