Hey, what's going on team happy friday, let's keep today's video short and sweet, so overall nasdaq market overall tech did extremely well. I would find it very difficult for anyone. That's invested in tech to not have had a green day right. So it's great to end the friday.

This week you guys can see the overall pnl in the day, i'm up a little bit over 1900 being completely honest right. We pretty much just recovered what we lost yesterday, uh, taking that into consideration. One of the things that i wanted to show you is, i bought a little bit of tesla yesterday, not a super large amount in comparison to my overall dollar amount and i sold a little bit of it today. Uh we continued to experience that same resistance level.

Right around 600, you guys can see this on the four hour time frame for tesla. That's where the ema line is at. So it's going to be great if we break above 600, as we can make our way back up to the sma line, which has acted as a previous resistance level. So again, that's still an obvious resistance level, but also it doesn't have to break above the ema line, which is why i decided to still reduce my position size today.

So the shares that i simply bought yesterday when i bought the dip on tesla. I ended up selling that portion today, i'm still holding a little bit over 1300 shares of tesla on my fidelity account. A lot of you guys know that my fidelity account is an account where i have a larger portion of my money and at least a larger dollar amount. For my tesla position.

Everything else was pretty much in the green and, if anything, we're even more in the green right now than i was in that screenshot, but i decided to sell a portion of it but still keep an open position and the reason why is just in case it Does get rejected, i want to have enough buying power to be able to buy at those lower levels if it goes back down to. You know: 550 560. A lot of people were freaking out and rightfully so right, but i don't want to be one of those people because i'm fully invested right. So i'm just trying to do my part to have enough money invested in tesla where, if it goes up, i have 1300 shares.

I can definitely reap the benefit, but i don't have so much money that i have no more buying power if it pulls back. So i'm taking into consideration some form of risk, which is at least in my best interest for my future self. Now, let's talk about the elephant in the room, and that is amc i want to go. I want to show you on the four hour time frame.

I still have 2 900 shares. Amc has been an absolute blessing the past couple of days. I really didn't start trading amc myself uh until it was at 25 to 30. A lot of you guys saw that we've had amazing days where the first day i was treating it.

I think i made 23k. The second day i made over 60k and then yesterday was kind of a battle of back and forth. I kept reducing my position size and then buying the dips right now we continue to test the support level at the sma line. Again, at the end of the day, do what you think is best for your future self.

If you want to hold for the movement that again, that's up to you just make sure that you do your part in mitigating risk. The only thing that i do want to show you is based off of previous patterns once it rallied before, and then it experienced the resistance where it lost the volume you could see. The volume really began to die out. We began to break below the ema line on the four hour time frame, and then we went back down to the sma line, so the sma line is way down here right around 16 to 17.

It doesn't mean that it has to go there. It just means that it has before so patterns tend to repeat themselves. They don't always have to um. I took a wider position today based off of what i have in the past uh for the previous two days and, and a question you might ask is why why would i have a lighter position today versus the previous days? Well, the previous days amc was super bullish, so if the direction is in my favor, it makes sense why i want to continue or be invested in that momentum, but once the rally is kind of over or it's showing signs of inconsistencies.

Obviously, i still want to partake in it, but i want to partake in it and with maybe a lighter position and that's kind of the idea if we break below 46 dollars and really begin to trade below the ema line, that's where i'm going to have to Take into consideration in reducing my position, size or altogether just closing out my position, anticipating a pullback and then maybe buying back at the lower levels. That's just a quick little analysis for myself again, if you're someone that's holding for the long run all power to you. If you're someone that wants to lock in profits, then i can, of course you know, do whatever you think is best for your future self. I just wanted to share my trade plan with you, because i have a little bit more than i feel like the average person does invested in amc.

I would love to still hold. You know 500 shares and i wouldn't mind holding that, but when it comes down to you know over 2 000 shares or over 5 000 shares, i'm probably not gon na want to write it all the way back down right. So um you know, keep it light. Keep it tight, stay well balanced and a friendly reminder.

Something just to keep in the back of your head. Pull backs are inevitable, they're bound to happen. That's why i'm not freaking out, i mean being completely honest. Amc has been super rewarding to me for the past week.

I've had unbelievable days, and i know that treating a risky stock like this comes at a great form of risk, and that's all you should know right with great opportunity comes great responsibility. All i ever want to encourage you is to have a plan, have your best interest in mind and to understand that there's two sides right. A lot of people are saying that the the short squeeze hasn't even happened. So if you want to partake in that - and you believe in that um you know great, i just want to make sure that you do it with a position size that you can tolerate a pullback.

You know i would hate for you to be invested in something that that rally doesn't happen, and then it pulls back but you're in it with all your money right and then you just feel like super devastated. Super be super discouraged um when, if you approach it with maybe a much smaller position size or a much smaller dollar amount, it won't affect you as much and you want to enjoy. You know what it is that you're doing just make sure you put yourself in a simple position to succeed. So you know i have a bunch of uh little ebooks that are absolutely for free they're, like how to trade reversals, how to manage risk if you're new to trading - and you want to download it.

It's going to be the first link in the description. Also, don't forget to stay connected if you guys haven't joined our free facebook group, you do have to have a facebook account, so a little heads up on that, but we have 313 000 members and that's that second link down below also, i would love for you Guys to be able to watch me trade live. I trade live every single day at market open with my private group. It's the only group that i work with and if you click the third link down in the description, you can learn a little bit more about it, see what it has to offer and if you find it to be a good fit for you i'll see you On monday, at market open until then, i hope you can consider dropping the thumbs up if you feel like we earned it.

Consider subscribing to our youtube channel we're almost at 1 million subscribers and we'll see you guys on our next video. Like always continue working hard continue following dreams, let your passion be with a drive to your success and, like always, let's make sure that we end the year on a green note, take it easy team.