Another new week, another long opportunity for the short squeeze on amc. So let's dive straight into it, so amc right now. I still have a very small partial position: around 30 50 average, i'm just gon na. Let it work and see where it goes.

At the end of the day, so i was playing it long today, um and same as um friday on friday. As you can see, it was the day after we had the last recap on thursday. On friday. This thing gapped up to from previous day, closed 26 dollars to 32 and it sold off at the open and then just squeezed um from 28 29's, all the way to a high of 36 dollars and that's a new all-time high for amc.

I believe the previous all-time high was like 34, 50s or 35s, so that was a decent squeeze on friday. Yes, it did go and make a new all-time high. 36. 60S.

However, when the stock goes parabolic from pre-market all the way straight up into the open, pretty much from 29 30 to 36 a lot of times, if you are trading short-term day trading, you have to expect some harsh pullbacks, especially when it squeezes right into the open. Um, unless you know sometimes the low floaters the low flow small cap stocks, they can keep on going for a while. But amc is a 400 million or 500 million shares float stock. It's not going to keep on going up higher without some decent pullback um.

So on friday, this thing had 36 dollars and tanked all the way down to 30 dollars. I was long biased buying the bounces on friday and they were like these are decent bounces from like 30 dollars to no 33 and above and later on. Here again, around 28 to 31. Those are like two three dollar bounces um great play on amc, but unfortunately, on friday, um last week this thing closed a little bit weak.

You can see after we bounced to 31 dollars, it almost tanked um. It went red for a little bit uh to down here 25, but it kind of retested the the prior support or the resistance for a while 28, but it closed at 26 20 on friday. I think they made it to like closed week to attract more shorts. Um to swing shorts over the weekend, because today you can see if today is tuesday after a long weekend, this thing actually gapped up from 26 dollars.

Prior they closed and went to 29 pre-market, and i went to a high of um, 32 dollars and 60 cents. Well, that was a nasty rejection just now um, but it's okay. I have a. I have a small position left on amc long.

I may just stop out later if it breaks down 30 dollars, but today i was more long, biased on the stock. I didn't want to buy into the morning push the morning breakout because similar to what we saw on friday, this move it's not as strong as friday, but it did go up from 29 and parabolic into the open to 32. So that's why we saw a similar, drastic pullback at the open, 32 dropped down to 29 and actually almost to 28. I was buying the dips on amc um, looking at how it's trading um this level, the support levels are 28, 90s and, of course, 28, 50s and 28, and then above it we have 29 80s.

First of all, that's the pre-market small support, um and also our friday support levels around these areas. So those are the areas where i'm building a position on the long side and i'm just trading it again. I'm day trading. That means you buy and you open a position you buy and you sell you close a position within the same day, so i'm selling to the rips.

So after building a long position around 20, i got started on 31 dollars and started accumulating more around 29 70s um, some more 30 dollars and down here 2970s, especially after seeing this huge wick um down to 2890s. That's often like a good signal for a bullish signal for the reversal, but i'm just trying to long the weakness and selling to the rips and we got the rip to 30.70 and 3150s sells out um. Most of my longs. I do always keep on keep like a remaining small shear sizes, like i'm doing right now, because this scene does like to pull back harsh, but they will consolidate and accumulate at support levels.

Many many times, if you look at the way it's trading it'll accumulate at near support around 29.80, i did read long song, but after seeing how weak it was around the 30 dollars, 40 cents area, and especially if you can see this huge rejection, i stopped out Of some remaining shares so took some losses. Um, you know reduced some of the profits but again around the same weakness area. That's why i started wanting to build another position. My entire thesis on buying the long um of the weakness is that they're attracting more short.

I think it's still easy to borrow at some firms um. So that's why you know after seeing double bottom um triple bottom. That's why i started in long again. I did keep on accumulating along and selling into the pushes, because i don't want to get too big in case i fail in case my thesis is wrong and anc just drops below 29 in tank down to 28 dollars and below which it's possible.

I mean it's after all: it's a very volatile stock, but after this higher low setting, that's why i bought bought more amc, 2940s um 2950s selling to the pushes reload some after seeing some more strength, especially after the 30 dollars, got reclaimed and got more long. Here. 30, 10s and selling to the pushes and had a final sale here. I still have a very small position left on my amc long.

I haven't sold out all my shares, but i kind of want to see how it plays out in the afternoon. So i do think there will be more opportunity on the long side if you zoom out and play along the key levels, the key levels, the key support levels, that's where you can find some decent and really nice risk reward ideal entries. If you are day trading the stock, i'm sure there will be a lot of people in the comments again saying. Don't day trade amc um, you know just buy and hold look.

You can do what you want with your money. If you are swing trading, if you're investing follow your plan, but my whole plan is to day trade amc and i'm just you know, trading the momentum trading, the volatility um. I still have some shares left with a 30 and 50 cents average, but i'm gon na be out all of it by the end of the day, because i like to start each day fresh with an empty position account and that's how i can think clearly with No bias and trade according to the momentum, because that's what day trading is all about. The next stock is a small cap stock, oeg uh.

On the short side, i'm i was just scalping small size on this short um, because i was trying to focus on my amc, long position, but oeg. This thing is kind of weird um. You can see they started ramping up from 360s to around five supreme market. If you kind of look at these lines, six dollars and six twenties, these are some strong daily and the resistance had some really manipulative action.

You can see this thing spiked at the open to 630s and just slammed all the way back down to four uh. 540S. 530S, my play on this short was mostly a scalp. I did starting early.

The idea was to short into the 620s on resistance, but i didn't get filled um. So after this huge rejection, it went back to my i guess my my average at this point was 570s and then you know had a small ad, very small. After all, the stock is easy to borrow. So when it's easy to borrow, you want to make sure if you are short on the stock, i want to cover majority into the support into the drops um.

So that's why i was covering into it um. I was out all of it here by this point. I did have a re-entry and this one i got squeezed out and on top here, so i gave back a lot of profit that was not fun but again the re-entries on the short side. Here i covered it here um and re-entered some around six tens and uh six five eighties on the way down um i was trying to use smaller positions, so i can focus on trading amc this stock.

After all, is easy to borrow and very manipulative action. You can see each time i try to ramp up from low fives to high six. It just gets rejected harsh. So this is a very similar price action.

We saw among amc when, on the spikes that just got rejected from 33 down to 30 dollars, but except this is a much smaller smaller cap stock and the float is like, i think, 40 million on this one. So it's definitely a small cap, but this one there's definitely a lot of selling around the six six ten six twenties area, and that's why you know you got ta, be careful on this thing. I still came out with small profit, but on this on this part, where i got squeezed out, i gave back a lot and that was not fun um, but thankfully i was using smaller positions um, so that was okay 580s down here and you know scalping a Little bit 570s and same thing again at the core position on the short side and also out here, didn't want to deal with it anymore. You can see this thing after dropping down from 620s down to six six five sixties.

It like reclaimed again around v, wap uh 580, one to six six, ten, six twenties - and this is where you got another rock pole um. This is the exact same action. That's been repeated, uh once twice three times another time at the open. So when trading these small cap stocks got to be careful, whether it's on the long side or the short side, i think these are like scalp plates only it's really hard to build a position when you're trading, these kind of like third small cap stock.

Look it's doing the same thing again: it's rug, pulling from six dollars down to five eighties or below, but yeah. This is a trapeze stock. Um be careful on this one. If you are still in for me, i only have some small scalp shorts and ammo out of the stock so back to amc again.

I think this is probably going to pull down and consolidate around 30 and maybe we'll see some fireworks during power hour. I think it's trapping loans on on the top 33 and trapping shorts below 28 and 29 dollars in this channel so um. I think there will be more long opportunities, hopefully in the afternoon for me, i still have a remaining small, long position and we'll see, i think, i'm going to be out of it by the end of the day before we go. I just want to remind everyone to stay safe in this market, whether you are day trading, swing trading or holding these stocks for a longer period of time, just have a plan going into it.

Don't just blindly follow what other people are saying on the forums or reddit or on twitter. If you think it's going to 100 and you are willing to take the risk and hold it um from 30 to 100, then sure go ahead and do it. But just don't blindly follow people make sure you're making educated decisions and follow your plan and for me my plan is to buy the weakness buy on dips on amc today and sell into the breakouts. I still have a remaining long position like i said, but my plan is to be all out of the day trade by the end of the day, because day trading means opening and closing the position within the same day.

If you have any more questions feel free to leave them in the comment section below. Thank you guys for watching and i'll see you guys next time. Hey guys thanks for watching. I hope you enjoyed the video and the bad jokes.

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