Quick update not just on amc stock but on overall, all of my positions, not just on my fidelity account, but i wanted to show you also on my weeble account. This is a full breakdown. This is the current value of what i have invested behind. Each trade amc pinterest urban starbucks, twitter, paypal, facebook, peloton and roku.

I wanted to update you guys on the ones i've added more on. I wanted to update you guys on the ones that i just actually began to buy, which is more on the peloton and facebook side uh, but also also talk about my plan with amc. One of the things that i want to quickly talk about is my video. Yesterday, you guys, i feel, like a majority of people, really enjoyed that video and it got a lot of attention because we talked about amc on the four hour time frame being at a critical point where it's beginning to potentially indicate signs of an uptrend.

I understand that because it's amc - and there are two sides to really you know the type of traders um - that amc experiences - uh amc has those that are holding right so for the movement or for whatever the cause they might have uh, where they expect amc to Go up to a hundred dollars, a thousand dollars or a hundred thousand dollars. I understand that and then there's the traders right. People like you and i, where we treat it as just like any other stock or any other risky stock with the sense of our intention, is to traded. I have never made a video trying to encourage those that want to hold that they should sell.

At the end of the day, someone else's intention is no more important than mine, and vice versa. Right so my main focus every single time is to talk about risk management, and i do this even when i have a lot of money behind the trade right where it makes sense that not only do i have 93 000 behind amc on my weeble account, but I have 350 000 on amc in my fidelity account and if things go south right, you know that's not in my favor. This is why i have to manage and mitigate risk, but because i choose to take advantage of an opportunity does not mean that every beginner should follow, and that's what i'm here, to showcase it's exactly what i did in yesterday's video, where you know i i needed To make sure that you guys are aware that i have a position right. I feel like a lot of other people based off of what i understand.

They always talk about amc. They always encourage you to hold, but they never tell you or show you their position and you guys know i mean i'm very open when i sold amc, i'm all about sharing with you that i sold and i explained to you why i sold not that. I think that you should follow, but my intention right, i viewed it to be overbought, rsi, macd, based off previous highs. It tends to get rejected there, so i prepared for a pullback.

So now i was able to buy the dip with 350 000 and, if it recovers, i can reap the benefit right. So the potential is there nearly 30 percent, but if amc crashes, i will also take on the risk, and that is something i can tolerate. With my experience, i never want to talk about all the profit potential or recovery without taking on or talking about the risk involved. We are now around the sma line and ema line.

So if we break above and begin to trade about 42 dollars, that's a step in the right direction, but we're not there yet. So in yesterday's video, where i talked about hey, you know we're at a critical point for amc and i see the potential for it to be able to. You know skyrocket. I see the potential for it to be able to recover and break out, but we don't have.

We didn't have that confirmation. Yesterday we were still trading below ema, and because of that, i had to make sure that i did my part in encouraging beginner traders, as i want to look out for them that buying the dip early is sometimes more often bad than good, and i would hate For them to buy and then it just gets rejected, so i encourage them to be a little bit more on the conservative side and to wait for proper confirmation. If you choose to take advantage of a risky trade and then again the flood of people that encourage others to hold it's, you know, don't put your opinions in other people's pocket. If i were to take a huge loss on amc, no one's going to cover my loss right and if you take a huge loss on amc by holding no one's going to cover your loss, you need to make sure that you do your part in looking out For your future self and if you see the potential that's great, but you need to take into consideration the risk involved and it's never a bad idea to just look at both sides.

I'm not here to say that my side of day trading, it is better than the side of holding it. We each have different plans, but that's the beautiful thing about the stock market is that everyone can approach a trade in a different way and still get that same end, result of making a profit you're right. If this thing does skyrocket, i will most likely sell at 52 and i'll be happy and if it skyrockets to 100 yeah, i might miss out on a little bit of that, but i can always buy back in. But if it also crashes, i don't have to take on the risk of holding it overnight and or taking on that risk if it drops right back down to ten dollars a share.

So there's the good and the bad on each side just make sure that you understand both sides with the understanding of, if you hold the incentives and then also the risk versus, if you trade it the incentives versus what you could potentially miss out on. With that being said, i wanted to talk about and show you guys, obviously my facebook and peloton position i bought about seventeen thousand dollars worth of facebook. I bought a little bit more of or ten thousand dollars worth of peloton, and then i added more to these positions i added more to starbucks. Today i added more to urban outfitters.

Today, i added more to paypal today and the reason why is very simple: the nasdaq market and overall markets right when it sold off. Everyone was freaking out. This is when i began to really load up on a couple of my shares and then once it began to indicate signs of an uptrend about two days ago. I loaded up once again - and today is probably one of my uh, almost my last one, so i'll load up a little bit more on starbucks a little bit more on paypal, of course, facebook and peloton, but it's in the very early stages of potential reversal.

It's already indicating signs of a recovery and we'll follow up, but i am choosing to take advantage of this opportunity, which is why i'm sharing it with you, but you should never copy what it is that i do because if it ends up crashing right back down, If some news is shared, where things get worse in china, it can easily crash right back down. But that is the risk that i am taking on, which is why i'm okay, with putting nearly seven hundred thousand dollars into the market at the oversold levels and if it ends up going according to apply, then guess what it's going to be very profitable. For me. But if things go south, then again, that's the risk that i take on and that's just something that you need to take into consideration only put yourself in a position in which you can tolerate based off of your experience level.

So i hope that you now have a better understanding of why i bought more today with some of my blue chip stocks uh, why i bought the dip on something like facebook and peloton. I'm sure you guys have seen it if not very quickly. Facebook. On the four hour time frame recently sold off, i viewed it to be somewhat of a dip by opportunity and then peloton a very similar approach where peloton recently pulled on back.

I saw it to be something worth looking into uh, so i bought ten thousand dollars worth of it on my fidelity account and about um fourteen thousand dollars worth of it on my weeble account, so i'm very excited to follow up with it uh the riskiest trade That i have in all of my positions is amc um and it's probably not one that i'm going to hold overnight. So just make sure you take that into consideration. I'm not big when the direction's, not in my favor as amc, is not indicating signs but not trend just yet. So it's probably not going to be in my best interest to hold a very large position overnight.

So just make sure you're aware of that. But i really do appreciate you guys time. I hope that i earned your thumbs up. I just wanted to explain the reason why i'm doing what i'm doing and not just telling you to do something at the end of the day, you should never copy what other people do.

You should have your own plan and your own goals and your own intention for your future self. So i hope that earned your thumbs up. Please consider subscribing. I upload new videos every day.

If you guys want to get alerted make sure you turn on your post notifications, uh, we do have a free facebook group, if you're absolutely new, to the stock market. It's the first link in the description and if you want to join my live trading session tomorrow, at market open, i trade live every single day, and that is that second link down below. I appreciate you guys time. Like always, let's make sure that way in the year on a green now, take it easy team.

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