All righty, so let's talk about my favorite stock amc. What's going on team, it's ricky with tech, but solutions uh, pretty impressive performance. Amc was down, i think, 12 or 13 during the pre-market session. Right now, it's up three percent, but it's very overbought.

I have a limit order. I would love to potentially get into amc. If i get in at the price point that would make sense to me. I wanted to point out a couple different things.

I have a limb order of 2 000 shares at 21. It's crazy to see how cheap i can buy amc now versus literally where it was a week ago. Uh, maybe a week ago or 10 days ago, amc was trading at dollars a share, and now it hit lows of 20, so it literally lost 50 percent of its value in just one week of trading. Now, one of the things that i like to do and again i i think that just maybe beginner traders uh do not understand when it makes sense to trade, something and when it doesn't make sense to hold something, it doesn't make sense to hold something.

In my opinion, when a stock is selling off when a stock is losing value, and especially when a stock goes from 44, all the way down to 20, i don't understand how anyone can justify that, like there's, no form of risk management, there, it's it's okay, but To each their own right, but when it comes down to something being very cheap and the potential for a recovery, you could do simple, math right from where we're at right. Now. If this were to recover to 44, which it does not have to but the possibility again, just the potential reward is 83 83 for a potential loss of or however it is that you manage your risk. One of the things that i always love to preach, especially for our beginner traders, is i don't care if it's amc, i don't care.

If it's facebook, i don't care. If it's tesla, there should always be some form of risk management, as if all you're thinking about is the potential for profit and you're, not taking into consideration how much you have on the line or potentially are willing to risk, then it's very one-sided, which is why I see maybe a lot of beginner traders that are bag. Holding amc, uh get very uh. What's the proper word for it, uh triggered when things do not go according to their plan.

At the end of the day, that's just how the stock market works. It's always how it's worked, and it's always how it will work. Not every trade goes according to plan. Loss is inevitable in the stock market it happens.

All you can ever do is manage it. I'm okay with you know, trading amc when the direction is in my favor, meaning that when it's indicating signs of an uptrend, so some of you guys brought up great points of like ricky. You used to trade amc all the time like what happened. I agree with you when amc mike and you can - and you can look back right so the previous time that it did this when it founded support at 35.

I didn't really buy amc at 35. It then began to trade above the ema line. It began to indicate signs of an uptrend and then that's when i began to buy amc. Why? Well? Because it's indicating signs of growth, it's that simple! It's indicating signs of growth, it's showing that it's increasing in value and based off previous highs.

I see there to be potential for profit to be made, so i write it up and what do i always do at 44.43? I don't hesitate to lock in profits, it gets rejected and then again what do we do? We buy the dip directions in our favor. We lock in profits, i don't like holding amc, i don't like holding any stock as it's crashing as it's selling off price. It just doesn't make sense. Why - and i would like like an explanation of this, why would you bag hold something and lose 50 when you can have some form of structure and discipline with your trading and let's say that your max loss is 5 or 10 whatever it might be? You can make up whatever your max percentage loss is that you have in mind, but if you can keep that to a much smaller loss and then get back in at a much better price kind of an example of what i did, i locked in profits.

I began to sell off, i waited for signs of a support and then i buy back in again so instead of losing 50 of your account value, which i'm sure doesn't feel good, why not just keep it simple, lock in profit at overbought levels? Wait for something to pull on back when it identifies its support level, then you can jump back in and make money as it recovers, and even then every trade does not go according to plan. Amc can get rejected. I can buy at 21 i'll have to cut losses at uh 20 a share and i'll manage my risk there. The whole point of this video and the whole point of yesterday's video is amc was just an example for the day.

But it's like you need, structure with trading, and i had some people also comment. Amc is is not about it's, not a stock. You trade, it's about a movement. It has nothing to do with fundamentals or technicals well, first off.

We know that it has nothing to do with fundamentals, because amc is one of the uh most overvalued companies if it had anything to do with fundamentals. Let's be honest: when it comes down to technicals, what do you mean? What do you mean? It has nothing to do with technicals. This is as as perfect picture of a rejection on a technical aspect than any other stock. It pushes up gets rejected by the moving average.

It you know sells off, pushes up gets rejected by the ema line. Pushes up gets rejected by the email and pushes up and guess what? Why did i not want to buy right now because it potentially can get rejected by this ema line and again like what do you call that? Is it just guesstimating sure you can call it? Whatever you want, i call it training based off of a quick technical analysis looking at indicators to be used as a reference. Never is an indicator 100 accurate, but you can't say that they're not useful right. It's just like i.

I just don't get that it's like. Why encourage people to hold something and lose 50 of their account for your own benefit? Why would that make sense to anyone right when i make these videos and i try to encourage beginner traders to manage their risk and take that into consideration before they take a trade? I don't care. If it's amc, i don't care. If it's tesla, i don't care.

If it's apple, every trade, every opportunity should take both sides into consideration, how much money you're willing to make and how much money money you're willing to risk right - and this is something that you need to engrave in your head or you know 50 - is the least Of your worries, because as something continues to sell off in price and lose its value, you're just going to continue to hold that bag and write it back down it's and it's that simple. It's just. I feel very sad to see that people actually believe that holding a stock 50 percent was a good action that just doesn't make sense to me like. Why, like, why is it bad to lock in profits and then buy back at lower levels? It's like they're, like, oh, my god, that's so greedy, that's so greedy that you tell people to look out for themselves and to manage their risk for their best interest.

It's not for my best interest right if i buy amc at 21 dollars with 2 000 shares. First off, that's probably most than than the average amc holder, so it's in my best interest for everyone to hold or for everyone to buy, but i don't need to tell people to buy something for me to make money right. That's not what it's about. I would rather use my channel use my reach to encourage beginner traders to understand the importance of risk management and why, when things go south, it's easier to cut losses and it's best to cut losses at a 50 loss instead of a thousand dollar loss.

It's like you need to know when to cut the bleeding right when to walk away and understand that you can just simply get in at a better price once it actually identifies and sets its support level, and it's that simple. So i'm very excited to follow up with amc, we'll see if i even get filled at you know, 21 dollars a share or if it begins to indicate signs of an uptrend, then i'll i'll. Allow it right i'll. Allow it to continue to push up, and i will take my time to average up into amc when it makes sense to me not when it makes sense to other people, not when other people want me to.

But when it makes sense to me - and i think that's what i always want to encourage you to do - do what makes sense to you don't be convinced to buy, don't be convinced to sell based off of other people's opinion, but do what makes sense to you Based off of you know, however, it is that you trade, so i really do appreciate you guys time. I hope that i earned your thumbs up. Super excited to follow up with its overall performance, wish you guys nothing but the best, and if you're part of learn plan profit. I will see you tomorrow at market open for our live trading session.

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