Today was a super interesting day: what's going on team, it's ricky with tech, but solutions and before i talk about the top three oversold stocks, a lot of you guys like me to make these videos please make sure to drop thumbs up. If you want me to continue to make them, i actually wanted to break down my amc trade. If you guys follow me on instagram, it's actually linked down below. I only have one instagram account just a little heads up.

I have 189 000 followers. All the other ones are fake ones. What i wanted to talk to you guys about is i actually got a comment where, when i was sharing my entries and my exits for amc, a lot of people found it very useful. In no way is this video in any way any stock suggestion, but today i made a little bit over seven thousand dollars, profit, a majority of that came from amc uh.

One of the things that i first want to share with. You is uh. That is on my fidelity account. This is on my weeble account as right.

Now i'm up fourteen hundred dollars on the day. I am trading during the aftermarket trading session and i will not be holding uh 1700 shares overnight. Why you might ask very quickly, i'm gon na break this down on the four hour time frame. Amc i do agree with.

You is super bullish, but it's also not a cheap stock based off of previous lows, so it's a little bit more on the overbought side. I want to make sure that i still have a small position in amc in case it continues to rally, so i can partake and benefit from that, but worst case scenario, because we are so overbought if all of a sudden amc begins to pull on back. I don't want to have 1700 shares in amc and then partake in that pullback, because that's a little bit more money than i would feel comfortable with. So that's why i'm sharing with you that i'm going to be holding less than 1 000 shares when it comes down to holding it overnight.

1 000 shares is still a decent amount of money, but again it's a balanced out position where i have enough money that i feel motivated, but not so much that i become an emotional mess. Let me know in the comment section what you guys think, but today was an interesting day because a majority of tech stocks, how many of you guys saw tesla, sold off right at market, open tesla, hit lows of 709.708.95 and then guess what it literally recovered. All like completely back to 740, so congratulations to everyone who stayed cool, calm and collected and again we always say this. The only people that freak out during pull backs are those that were not prepared.

Our learn plan profit dean, uh, learn plan. Profit team during the live trading session today were thrilled because when tesla began to pull back and a couple different stocks began to pull back, then guess what they viewed it as a dip buy opportunity because they had enough money left over where they can take advantage Of that opportunity so make sure you take that into consideration the next time that you are approaching overbought levels, but i want to talk about amc. I want to talk about how i was able to take advantage of this trade. A lot of you guys know that, with my fidelity account, i have a little bit more money in that account.

I don't hold amc overnight. I don't like holding a very large position of amc. Now, i'm not just talking about 1700 shares. I'm talking about 10 000 shares, and this is what i wanted to show you.

This shows my entry. I did not hold any of it overnight. It was at market open that i began to load up on amc and i bought 2 000 shares. I bought another 2500, i bought another 1500 and then i bought 500 and another 500..

This is all on amc at 51, 36, 51, 49, 51, 13., 15.99, pretty much 51 and then 51.21. Do you guys see how i buy in increments right? So when i was trading around 51, i began to load up on it. I viewed it to be a decent deal and then once it began to indicate signs of an uptrend, how do you think i reacted? Do you think i hesitate to lock in profits? Do you think i potentially get greedy and i'm like? Oh man like it needs i need to hit um and sell at all-time highs. Trust me.

I wish i could predict the future. I wish i could sell at all-time highs every single time but being realistic. I can't i can't predict the future and it's unvery unrealistic to think that i'm always going to sell at the highest point within the day. But what i can do is i can begin to load off of amc when i view it to be no longer a good deal or when i view it to be overbought and that's essentially what i did.

I didn't sell out of amc as gradually as i did when it comes down to buying amc. I shared this also on my instagram. I sold 4500 shares not at the not at the perfect price, but i sold 4500 shares at 52 22.. So as we broke above 52, you can see that this was a resistance level.

This was a resistance level. So when we broke above it, you could see that i got very excited and i was like hey. This is exceeding my goal of that sell price of 52. I'm not going to really hesitate to lock a profit, so i sold 200 000 worth of amc.

I locked in profits because again i want to make sure that i buy the dip i want to buy when it makes sense when that direction is in my favor and then once it begins to peak. I want to make sure that i don't hesitate to lock in profits. I'm day trading, amc, not someone, that's trying to hold it. So i have my intention.

We all have different intentions right. It's a public market make sure that you have your future self's best interest before you think about anyone else. So if you want to day trade, it then great all power to you. If you intend to hold it great i'll power to you, i'm not here to convince you to do anything.

I just want to make sure that you always take risk management into consideration, which is why, with a very heavy position, i didn't hesitate to lock in profits and again, if you guys do the math 4 500 shares, i bought much more than 4 500 shares. This is 4 500 shares alone. What happened to my additional 2 000 shares? Well, you can see right on over here later on right. This is my 4 500 shares at 52.

22 that i sold. I bought some robin hood and then i sold another thousand shares of amc, 52, 36, 52, 41, 52, 57 and then my last cell 50 to 73, so 500 shares at the very end of it and if you guys look at this, i've sold that 52.73. For my last 500 shares, let's be honest, that is not a bad exit, but again a majority of my uh sell was done at 52, uh, 22. So a friendly reminder.

This is a perfect example that you don't have to be a perfect trader to do. Well, you don't have to be perfect at buying the lows you don't have to be perfect at selling the hives. You just have to have a reason behind everything that you do, and this is one thing that i shared on my instagram and one thing that i always share with the learn time: profit group: it's not about your hopes and your desire of what you hope happens. This is a public market, it doesn't matter who you are.

It doesn't matter how much you made yesterday or the week before or the month before or the year before, that every trade opportunity presents itself with new challenges, so, regardless of who you are or what you want it to do, it is in your future self's best Interest to make sure that there's a reason behind everything that you do, that makes sense that you are selling, because you are approaching at overbought levels and not just holding, because you hope that it hits highs of 53 dollars. My hope and my desire of amc hitting highs of 53 dollars is irrelevant, but what is important is if i begin to see indication of a resistance. If i begin to view it a little bit more on the overbought side based off of rsi macd, just based off of price action, then i'm not going to hesitate to lock in profits i'm going to do my future self's best interest lock in profits with that Large position, size and anticipate another pullback, because again it's only the people that are not prepared that are scared of the market, pulling back. It's that simple.

So with that being said and done, let's go ahead and talk about some cheap stocks, so the first one that we're going to be talking about is actually presented or actually was brought to me by weston. I don't know if you guys remember washington, but this is on the day chart what this is overall for the past year, i like to focus so these are you know more of value companies right. These are companies that are very consistent. These aren't companies like amc.

These are not companies like pump and dumps, or momentum plays, or anything like that, but this is ads k. Please make sure that you do your own. Due diligence today pulled back a little bit, but it recently pulled back from 180 day highs. It's not that right now is the best time to buy it's just that this is a very consistent and very bullish stock, which is two out of my three criterias, and the last thing is it's a decent deal based off of previous hives? Does this offer crazy return? No right! It's not that high risk high reward type of play, but over 20 margin.

If they were to recover. I'm to keep this one super simple. I set an alert for the break above the sma line if it actually begins to indicate signs of an uptrend, then great. Until then, i'm not going to worry about it, i'm not going to hesitate to try to buy the dip blindly.

I want to make sure that there's a reason behind what it is that i do, and this needs to every opportunity that you choose to take advantage of, should earn your investment should earn your money to be invested. Don't just buy kizzy canner because it's accessible, the market's more accessible now than it ever has been. Don't abuse it right, make sure, there's a reason behind everything that you do and with this being said, i would wait for the break above the sma line or some proper indication that hey this thing's actually beginning to recover and not just buy it, and then it Just continues to sell off, don't put yourself in an unfortunate situation. The next one is going to be.

Visa visa has recently pulled on back from previous highs. How many of you has no visa right recently pulled on back to the sma line on the day. Chart is this something that you have to buy the dip on right now. Is this something that has to recover? No, but when it approaches the sma line, it tends to find a support again.

This is for our value investors for people that maybe can't watch the market every single day, but the people that don't want to watch the market every single day. You don't have to day trade like us or like everyone else who cares what everyone else is doing, make sure that the way that you approach the market is something that is attractive to your lifestyle right if you have a full-time job, if you are a student, Don't stress yourself, don't put yourself in an uncomfortable situation. 12 is what this thing has to offer if it were to recover again, i have my alert here for the break above the ema line. If we get that confirmation, great and guess what, if it continues to sell off, i don't care, i didn't blindly buy the dip the more it sells off the better for me because i'm not invested in it.

I want it to sell off. I want because the more it sells off the more profit for a potential recovery. It will then offer me stay patient. It pays to be patient, so uh we already talked about kroger.

We talked about kroger uh in last week's video. This is more on the four hour time frame, so this was a recent deep dip. Deep uh recent dip due to earnings so feel free to check that out, and then this is twitter. I thought i would bring this up.

Twitter dropped actually four percent. At one point today, uh, it's still pulling back because right now, this stock is definitely not for everyone. Twitter is a little bit more volatile. It's a little bit more of a uh, a free, moving type of stock.

It's not like abs k, it's not as conservative as uh visa, but again when it gets going, it rallies right and it recently pulled on back. So i thought i would talk about it right. Everyone has different trading styles. Everyone has different tolerance, levels, risk management, um, and you know what it is that they see value in the reason i'm talking about twitter is because it recently pulled on back it's a little bit more on the oversold side based off of the rsi on the day.

Chart and it can still continue to sell off so make sure you take that into consideration. If i were to buy the dip on this, i would do it with a very, very, very, very, very, very, very small position size. Why? Because if it still sells off, you don't want to become emotional, so make sure that if you suck at risk management or if you can't tolerate pullbacks, don't buy the dip right, don't buy before confirmation, but from where we're at right. Now, if it were to recover offers nearly twenty percent based off of previous resistance levels at seventy one dollars, and that's why we're talking about it? How did we do they're decent right, not too bad? Let me know in the comment section uh what you guys think about today's video.

I talked about my amc trades. I wanted to be open with you guys, um, and i also wanted to talk about a couple different stocks that i came across thanks to weston moore. If you guys haven't, checked them out, uh, carsten and more um is a used car dealership that you're more than welcome to check out uh, but i really do appreciate you guys time. I hope that it earned your thumbs up in this video uh.

I tried live every single morning if you want to join us, you don't have to, but i trade live every single morning. It's the second link in the description. If you want to learn more about it, take one minute scroll through it. If you want to see what it's like to watch me, trade live then scroll down, and it actually has a live trading.

Video where you can get a taste of what it's like to watch matured live if you're not ready for that. But you want to join our free facebook group, that's going to be the first link in the description and if you want to pimp out your trading station with some aluminum art, some mousepad or a trading flag, everything on the website starts at nineteen dollars. So again, that is the third link in the description. I appreciate your guys time.

Like always, let's make sure that we in the year on a green now, take it easy team.