This is why I tripled my position size on amc stock. AMC stock is now testing a reversal on the 1 hour time frame. Here is why I now have 2,000 shares in amc stock as it begins to trade above $47 a share!
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So i want to explain to you why i went from a 500 share position size that i had yesterday. If you guys watch yesterday's video, you would have seen to now having a little bit over 2 000 shares right. I tripled my position size because now the direction is in my favor and i'm not just talking about the one day. One minute chart right: it's cool to see, amc, bullish, uh.
Once again, it's making higher highs higher lows, it's a step in the right direction, but one of the things that i i feel is super important for beginner traders to understand is the reason behind on why someone does something: it's not that it has to go according To plan it's not that my trade is going to turn out, you know in the green and at the end of the day there is always some form of risk involved. But i want you to understand why i did what i did and if you look at amc on the one hour time frame. One of the things that i've been personally talking about is that amc recently pulled on back from hitting overall highs at 52.79 and has pulled on back uh right around that sma line, and it's been really making lower highs and lower lows. This happens from time to time when a stock makes overall highs and then pulls on back, but the concern would be if we make lower highs and lower lows and begin to trade below and consistently trade below the sma.
That's where it would begin to show bearish patterns right as of right now we consolidated yesterday, so it was trying to establish a support level and today the reason that i added more is we began to trade above the sma and the ema. So i viewed that to be a step in the right direction and again i want to put money behind something that is indicating signs of an uptrend indicating signs of growth and based off of previous highs and current price point. I saw there to be some upside potential. That is why i decided to go from 500 shares back to 2000 shares, so adding 1500 shares to my position size because the direction is in my favor.
I see there to be more upside than potential downside and again it looks like we have now established a support level, which is a consistent pattern, and now we are beginning to trade above the ema. This trade - i cannot repeat enough - does not have to go according to plan it can crash, it could burn, it can go down to 30 dollars and i'm gon na have to manage my risk right. If i decide to take advantage of an opportunity, there's always some upside potential versus some downside risk, i have two thousand shares, which is about a hundred thousand dollars, i'm up about a thousand dollars on the day. I see it to be worth it, because now the direction is in our favor, which is why i decided to add more to this position.
I know that this trade is definitely not for everyone. Some people do not have this risk tolerance, which i respect at the end of the day. It is your job to take advantage of opportunities in which you see value in and that you can tolerate and if amc moves a little bit too much for your taste, make sure you take that into consideration when taking a position and, of course that risk management That has to be in place with a riskier trade like amc overall market as of right now, if i'm not mistaken, is a little bit more in the red than it is at the green. So please take that into consideration that a lot of stocks, especially in the tech industry, are pulling back as of right now, so don't feel like you're, the only one if you have any questions whatsoever that you feel like you would like me to answer all you Have to do is comment that down below. Do you think, based off of that one hour time frame right that one hour analysis? Do you think that amc is about to make a recovery? Do you think that we're actually going to recover, or do you think that this is a false breakout and we're going to pull right on back and drop down to 40 a share at the end of the day, we're all entitled to our own opinion feel free To share yours in the comment section, i hope that i earned you a thumbs up, consider subscribing and if you guys want to join us for our live training session tomorrow at market, open click. The second link down below and i'll, see you at the morning bell. Like always, let's make sure that we have the year on our green now, take a dizzy team.
Well I think the market will recover quicker than expected because I've been coming across articles of investors making as much as $250,000 within months and i'd really appreciate it if you could share clues on how to make this much profit.
Sup Ricky, based off the Mac D & RSI, it has potential to rise, & it’s bounced 3 times, I think it’s will go up one more time before it’s drops. Risky, yes, but I can see why you did it.
My life has totally changed since I started with $7,000 and now I make $ 10,450 every 11 days.
today went the wrong way I stayed in and hope for a better monday and tuesday!
he gonna make a new video today "why I sold ALL of my amc :sad face:"
Good buy! Every 20th of the month AMC explodes. History is in your favor
can you do a vid on $surf? it has a 1 yr target price of $15.60 and it's only $6.95 right now. I know Cathy woods is heavily invested
Hello just subscribed…first question – I have watched several of your videos, great info btw. But some of your videos stop and start every few seconds, while other of your videos run smooth. Is that on my end or your end? Other YouTube videos run perfectly fine.
2.question – I am a brand new Trader. I would love to learn technical analysis. Do you have any suggestions on somebody who teaches really easy stuff and is cheap or free? Thank you Marc
For sure you will sell next week. A paperhander is always a PAPERHANDER. Stay out of AMC.
If you just Doubled your position, its tanking as we speak! Its now going in the wrong direction.
My life has totally changed since I started with $7,000 and now I make $ 29,450 every 11 days.
Right after you made this video did your conviction get tested? I don’t mind it in because shorts haven’t covered.
thank you for this! 🥰. I just looked her up on google and impressed with the information I came across. Will definitely reach out to her. Thanks again
The SINGLE most important thing right now for AMC holders is to not get your hopes up for it to happen this week or month. A lot of videos have titles like ‘ITS COMING’ which disheartens stock holders if it doesn’t happen within the time they’re thinking. If you’re holding AMC, don’t check it every day, don’t get your hopes up for it to happen tomorrow and just stay cool. When it happens, you will know, you won’t need a YouTube video to tell you
I guess the dip was after this video. AMC would eventually go up though.
I’ll never forget how much you bashed this stock months ago and now you suddenly love it smh 🤦♂️
How do you account for the hedgies shorting AMC and the fact that they will come loaded for bear tomorrow to get as many in the money call options to OTM. Do you look at that when making your decision to buy?
don't underestimate the power of Biden to SNAFU the country more with Rona restrictions or whatever new fear that could negatively affect things like AMC (movie theaters)
I think it will pull back but I'm almost wrong every time😁
Promoting AMC is like promoting gambling. This could go up big or could go down big right now. Be careful.
AMC looks actually holding at the moment, so it feels like will grow up. Good luck for all of us!
Dude. 500×3 = 1500. 2000 is quadruple. Buti agree with you even if your math isnt perfect LOL , go apes!
Fucking Haye you guys buying and selling when we are trying to punch manipulation in the face..also I bought in at 4 dollars
Buy and hold stop doing options and puts and swing trading..
Im guessing they will try to drop it tomorrow to under $44.01. They manipulate the price depending on max pain on the options chain.
Because of the economic crisis and the rate of unemployment, now is the best time to invest and make money 💯
Should I sell my stocks which is in downtrend for 2 weeks or should I hold it? Is a china stocks and china market now is still unstable….
frikin sold off after lunch, whats up with that, it was on low volume thou
Go half size to manage risk. Buy back in on a reversal confirmation if that dip does occur?
500 x 3 = 1,500 (Tripled)
500 x 4= 2,000 (Quadrupled)
I expected better math from a full time trader
It should at least try to test the last high, I would tighten my stop loss a couple points.
Afraid it's a dead cat Ricky. Hope it's not for your case though. Beat of luck.
Could go as low as $43 but dipping to $45-46 area is solid for a ride up 🏦 💰 Ricky do you do swing trades in your Plan Profit group?
Explaining the reason WHY I bought more! Here is a complete breakdown on AMC stock!