This is my plan trading amc stock after it dropped to lows of $26 a share!
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It's ricky with tackle solutions, quick little update on amc. We absolutely killed it with the day trade hit lows of 27 and it pushed up to highs as of right now of 30. During the aftermarket trading session, i'm up over 2700 dollars profit on the day and you guys can see my average purchase price. It's only 29.48, my average purchase price isn't the best.

It's not that it's like. Oh, i i only expect amc to go up. What i wanted to break down in this video is we're getting so many questions. Amc has recently pulled on back and i broke it down during our live trading session.

Today, people have been asking me every single day. Ricky. Are you going to buy amc now right when it was at 35? I said no as it broke below. As this whole, new covid variant came out right.

Obviously, amc did not do well during pandemic conditions with closed theaters. So this third wave of this variant obviously is a negative catalyst. Why would i want to buy the dip on something? That's still dipping right, so it sold off it broke below 35. It broke below 30.

ricky. Are you going to buy at 30? No until it began to indicate signs of an uptrend, that's where it begins to make sense to day trade it right. I don't have to hold this position and i want to share with you my plan. Obviously, what i intend to do does not mean what you should do at the end of the day, amc is a risky trade.

It is right it you can see from the way that it moves. It has a normal and average resistance level at forty four dollars. For the past couple of or for the past at least two months, and it dropped all the way to lows of twenty seven dollars, that's a forty percent loss. Think, like think for a second right, you'll see people in the comments section and they are going to encourage you to hold right.

I cannot stress this enough if you want to hold based off of someone else's hope and desire, because it benefits them. That's up to you, if that's how you want to trade or if that's, how you choose to manage your money at the end of the day, you're an adult and again that's all. I need right the way that i like to trade. Is i like to trade when it makes sense, i like to trade when the directions in my favor and it didn't make sense, to buy amc and to trade amc until it actually began to no longer sell off step one and then the second thing is actually Indicate signs of an uptrend: why do i want to buy the dip on something or hold something? I think that's what's most important? Why would you want to bag hold something as it continues to drop? You have no form of risk management.

You have no form of you know managing your position, size, you're, literally just a sitting duck. You know, sitting on your sitting on your hands, you have you have no ability to really i mean all you're really hoping for is for the stock to recover. I just i don't see that to be a a realistic way to trade when it comes down to trading just like any other stock. There's an entry there's an exit and there's a series of things that should follow that meet your criteria on why you're, proactively, holding and invested in that trade, and for me on amc, it was very simple.
Today was one of the first days where it didn't sell off and make new lows. The second thing is, it actually began to indicate signs of an uptrend. So then, that's when i began to step on the gas i was in with over 3 500 shares when it began to indicate signs of an uptrend, and then it experienced the resistance level right around 30 dollars and 50 cents, and then it pulled back. It kept testing, kept testing and guess what you know after a while.

I get tired of the same resistance level, so i'm not here to over complicate things. I made two thousand dollars while sitting in front of my you know, computer. You know trading this hyped up stock, so i kept it very simple. I went from 3 500 shares and i just decided to lock in profits with 2 000 shares.

So now i only have 1500 shares. I do agree. I do think amc is cheap based off of previous patterns, but it's still not really indicating signs of an overall uptrend. So if you don't want to hold, then don't hold them again.

I am telling you this as i'm holding 1500 shares. As of today, we captured all of this during today's live trading session, and it was just so cool because it actually made sense to trade amc today versus every other day. It made sense to short amc. I shorted tesla today right overall market began to pull on back.

I only have three shares right now: shorting tesla, but i made over 1700 shorting tesla. Why? Well? Because tesla was selling off right and then i covered my short when it began to identify um a potential support level. So i like to keep things simple. I like to focus on direction and i like to focus on opportunity costs i like to buy when it makes sense, and i like to sell when there's any indication of a resistance level.

I do not buy and hold for other people, as in my opinion, you should not either. I do not trade for other people. Other people's opinions do not pay my bills. I don't know if they pay yours, but they definitely do not pay mine.

I don't care what your intention is. We all have different goals when it comes down to trading and investing, but my goal is to make a profit and my goal is to lock in profits and yeah. Let's say that amc gaps up tomorrow, i sold 2 000 of my shares. I might miss out on some of it, but i'm okay with that.

My focus as always is risk management on a risky trade. I still have some skin the game where i view it to be a decent deal based off of upside margin right, but i'm not going to over, complicate it or be overly confident on something that hasn't actually indicated any signs of an uptrend. And i i just like to be as realistic as possible trade when it makes sense not when other people are trying to encourage you for their own best interest. Right like it.
Just literally makes no sense to me on how people can get so offended that you trade, something that they want something to happen, but by you doing something. They think that you're either with them and or against them, and guess what i say you know focus on yourself. What like what are we doing here in the stock market, we're here to trade, we're here to make money? Are we not so, let's not over complicate it, let's focus on trading, let's focus on opportunity, let's focus on direction and let's focus on what's important and that's making sense of our trades and only trading when it makes sense so 2600, profit on amc, 1700, profit on Tesla and it's looking good right, i'm excited to follow up with both of these two stocks tomorrow and see. Does amc actually begin to recover and if so, i can step on the gas and really begin to buy over a hundred thousand dollars worth of amc.

But if it begins to pull on back, then guess what i'm glad i only have a smaller position size. So if it pulls on back then again, i can tolerate that pullback put yourself only in a position in which you can tolerate. Don't just always think about the good but take into consideration. You know what happens if things go south, always always always there's two sides to every opportunity and if you do not prepare for both, then that is your fault.

If you end up in the red solely your fall, so i'm very excited for tomorrow's live training session. I would love to invite you guys if you guys want to tune on in i trade live every single morning and that's that first link in the description. If you guys have any questions, if you guys simply want to connect and want me to answer your questions, message me on instagram and that's that second link in the description to my only instagram account again that's linked in the description down below. I really do appreciate.

Gadget's time, i hope that i earned your thumbs up and, like always, let's make sure that we end the year on our green out. Take it easy team.

By Stock Chat

where the coffee is hot and so is the chat

35 thoughts on “is amc stock dead? buy or sell”
  1. Avataaar/Circle Created with python_avatars Abraham Muscle says:

    What are your thoughts on Chinese Stocks Delisting??

  2. Avataaar/Circle Created with python_avatars Alex F says:

    Hey man maybe time to average down on WIX. I think I remember you buying at $203.

  3. Avataaar/Circle Created with python_avatars Tyler Edwards says:

    I don't understand why people hold onto 5000 shares when they bought in at 40. If it dips to 40 and you know it's going to go lower, sell it..buy at the lowest again. This stock has had a crazy wave and it always recovers.

  4. Avataaar/Circle Created with python_avatars Vice Res says:

    What do you think about amc dropping lower than other theaters when amc is trynna go above and beyond

  5. Avataaar/Circle Created with python_avatars PEDRO GONZALEZ says:

    Lol this guy 1M subscribers??? And your videos barely get any views. My man you are getting paid to talk shit

  6. Avataaar/Circle Created with python_avatars Yasser Fathi says:

    Hi Ricky , in your opinion how a short squeeze game could be played appropriately?!

  7. Avataaar/Circle Created with python_avatars JASON SHARP says:

    Everyone has their own trading strategy. I'm actually accumulating AMC since the new COVID 19 variant isn't going to shut down theaters at this point from reports. I'm taking a Warren Buffet approach to my investment with AMC. I'll be adding again if it stays in this zone next week as I think the support is where it's at price wise for now. At the end of the day every trader is responsible for their own investment decisions. I enjoy watching your videos as you are a good trader and have a method to your investing and that's what makes you profitable. I'm sure there's a lot of investors in stocks like WISH that wish they would have just traded smarter.

  8. Avataaar/Circle Created with python_avatars Matthew Cole says:

    With this dip im Buying heavy today on, PLTR,CSSE,FUBO and BODY! Getcha some and hold!๐Ÿฆฉ

  9. Avataaar/Circle Created with python_avatars Bryce Isaiah says:

    So I guess my dream of becoming a millionaire from AMC is a major NO! Iโ€™ll never become a millionaire ๐Ÿ˜ญ

  10. Avataaar/Circle Created with python_avatars Feastzz says:

    thanks man love it when you explain but dont talk quick.

  11. Avataaar/Circle Created with python_avatars PhillaFresh says:

    Oh right…this is not a day trade for me. ๐Ÿ’Ž๐Ÿ™Œ buy and Holding

  12. Avataaar/Circle Created with python_avatars Zara M says:

    Iโ€™m holding for the cause. Iโ€™m sick of the corruption in the matrix we are living in. The stock market included.

  13. Avataaar/Circle Created with python_avatars blake sharpless says:

    This stock is a fight against market corruption, itโ€™s payback from 2008, this stock is for millions of pissed off people all over the world who are tired of getting screwed by the 1%. Your narrative of technicals and day trading this goes against everything this movement stands for and for the love of god if your going to make an amc video and not mention the short numbers or manipulation then your doing people a disservice. This video is crap!

  14. Avataaar/Circle Created with python_avatars Johnny #AMCAPE says:

    M buying more dips and holding amcsqueeze for the moass ๐Ÿš€๐Ÿš€๐Ÿš€

  15. Avataaar/Circle Created with python_avatars Joel Rietz says:

    I would really recommend checking our $ATNF. Phase 2b results where BOTH primary and secondary endpoints were met. The market is Dupuytrenโ€™s disease where their drug is the only one thatโ€™s close to market, a market of $5.5bn and thatโ€™s just the beginning. The stock itself is prone for a short squeeze, short trade volume has been around 7.5m during the last few days which means itโ€™s heavily pushed down. Also, when looking at the technicals, the last time it had this setup it ran a cool 400% in a pretty short time.

  16. Avataaar/Circle Created with python_avatars Sanders Castillo says:

    My advice to new investors Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecast and market views which are at best entertaining but completely useless

  17. Avataaar/Circle Created with python_avatars Shamir Patel says:

    I have given you crap before but you're trading strategey makes sense. A squeeze play is different imo. I will continue to hold because I bought at a good price. If you day trade it still helps price action. You learned that trading is meant to be cut throat and individual. But shit changes retail can learn to manipulate the market as well. You gotta grow and adapt. The market wont be the same forever. Also I think you are sponsored by Webull so I can see why you would want pfof to keep going, they are paying your bills after all. So basically being a schill is paying his bills. And i aint hating. But Ricky knows this as well as I do.

  18. Avataaar/Circle Created with python_avatars Matt R says:

    I can't wait to watch Ricky fomo buy into AMC as we rip to the heavens. This time we are diversified incase buy buttons dissappear again.

  19. Avataaar/Circle Created with python_avatars AnthonyBlaineMusic says:

    Not all of us want to be day traders tho. We just want to invest in a fair market and thatโ€™s what us holding represents. Itโ€™s a protest play.

  20. Avataaar/Circle Created with python_avatars Robert Lambert says:

    Come crash or not I am in this market for good. Algorithmic trading is all the wave now. without it i am not sure what my fate would have been in the market other than accumulating losses. but having bagged $430,000 in raw profits from just the last quarter, all without executing a single trade, i belive this is the future of all kinds of investing. technology has really come a long way in making life easier for us

  21. Avataaar/Circle Created with python_avatars Matt R says:

    Shorting hedgies are FUK. They want you to be selfish and not hold the line for a brother Ape because when divided they always have the upper hand against retail investors.

  22. Avataaar/Circle Created with python_avatars Mircea Boncea says:

    Your videos are useless, you said that you are telling us how to trade, but all the video, you are talking sheet about AMC, and not to hold and blaaa blaaa. If you want to help, tell us when to buy and when to sell, before it actually happened. If not… you are probably paid really well to put fear in ape's.

  23. Avataaar/Circle Created with python_avatars FreePlay 775 says:

    AMC is the only play rn. TA looks primed af for a major reversal! Its on discount. I disagree I have been buying and holding since feb. I dont sell AMC! ๐Ÿ’Ž๐Ÿ™Œ๐Ÿป๐Ÿ’Ž๐Ÿ™Œ๐Ÿป๐Ÿ’Ž๐Ÿ™Œ๐Ÿป

  24. Avataaar/Circle Created with python_avatars CaJuNyAnKEE says:

    Bro never heard of long term investing or he just salty he didnโ€™t get in at 5$.

  25. Avataaar/Circle Created with python_avatars One Squeeze says:

    Too many people are emotionally invested in AMC, and brain washed. A lot of people are going to be upset when they come down to reality.

  26. Avataaar/Circle Created with python_avatars LMS says:

    I didnt buy it because of risk management tbh. But I am impressed that GME is not falling to like 150 now

  27. Avataaar/Circle Created with python_avatars Will Walt says:

    I don't know if it's the subject, or the click bait or that we hear enough of this from mainstream legacy media pushing this narrative over and over again or if it's the sound of that nasle shrill voice of yours that gives me violent seething comptemt for people of that esteemed stature to keep driving that point since I've bought and averaged in since February or the fact that someone panicked and shot himself over a call option thinking he was out $70k we all know why we are in this but this video is one of those high horse told ya so while wagging your finger click bait for muh views is one thing pouring salt on the wound is another being a part of the well oiled establishment machine that's been pegging retail for as long as it has is where I see you landing in that sociopathic cult that liquidated 401k's in the ponzi scheme where the market crash is going to be frontrunned and these people are standing to make a lot of money before changing the rules yet again to benefit themselves the crash is manipulated it's a bog of filth and corruption this crash is going to make 1929 seem like a cakewalk because with this crash the government will have the ability to implement "The People's Ledger" the Federal reserve will be your bank giving complete government control over your finances and or financial decisions elimination of private banking as we know it and guess what since criminals are currently making the rules guess who gets piped

  28. Avataaar/Circle Created with python_avatars Leugim408 says:

    This guy better calm the fu@k down before he gets touched.

  29. Avataaar/Circle Created with python_avatars Gerardo Rayos says:

    What most of us fail to see here is that we, the ones that call ourselves apes are hoping and waiting for life changing money! Ricky IS NOT! Ricky already has life changing money therefor is doing what most of us will be doing when we are at his level! I admire you so much @Ricky Gutierrez for the simple fact that you came from a Mexican family that taught you the meaning of hard work! Because of that hard work you are a millionaire now and no longer need to do hard labored work! You keep doing you Ricky we dumb apes will evolve into being as wrinkled brained as you are one day…. unfortunately we do not have the type of money to risk on the daily basis to make $2K on the daily! We will one day they we too will look at all other plays the same exact way you do! Do no change tho Ricky… there is a reason you are where you are!!! you at the top of the hill already we are slowly climbing up the valley my brother!!

  30. Avataaar/Circle Created with python_avatars ๐Ÿ‘‰[NETPAYJOB.COM] - MAKE $700 Day says:

    Innovation distinguishes between a leader and a follower. –Steve Jobs

  31. Avataaar/Circle Created with python_avatars Marcelo Hernandez says:

    You take the opportunity to make money with amc donโ€™t invite other people to do the same go away from amc

  32. Avataaar/Circle Created with python_avatars Patrick Lek says:

    Risk Management is so important yet many just ignore it due to greed!

  33. Avataaar/Circle Created with python_avatars Alex Parrish says:

    Ricky is such a douchebag๐Ÿ˜‚๐Ÿ˜‚ dude would make a great hedgy. Canโ€™t see past money to understand the movement

  34. Avataaar/Circle Created with python_avatars Hola! Austin A says:

    I feel like this guy low key just likes to bash the AMC people lol

  35. Avataaar/Circle Created with python_avatars VVOUX says:

    This is why I f**k with this channel. You keep it real

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