AMC stock drops another 10% today after getting rejected at $60 resistance from yesterdays performance. Now the question that everyone loves to ask. Is AMC stock a hold or is it time to sell AMC stock!
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Amc pulling back what's going on team, i mean we love talking about it when it's in the green. We need to talk about it when it's in the red so um. I did a really good thing, uh, where i really lightened up my position size yesterday, as we approached that 60 dollar mark, it was an obvious resistance level uh. I sold most of my shares above 63.
uh this morning during the live trading session. With the learn plan profit group uh, i bought it right back right, so i bought a total of i think, a little bit over 1500 shares, like i told you guys, i'm holding at least 1500 shares overnight. That's what i'm comfortable with uh with my larger positions. I don't hold those it's not that i'm against anything uh, but i definitely wanted to clear things up.
I don't only like talking about, of course, my green days, but one thing that we all have to take into consideration is: if we're going to partake in a risky stock, a stock that moves you know up and down very aggressively. We need to make sure that we talk about the red days as it's part of the process right, so i'm down on the day a little bit over ten thousand dollars. So uh just make sure you take that into consideration. If you're someone that's just getting started and you don't want to partake in a risky play, then maybe amc isn't the best for you right uh, but one of the things that i really wanted to clear up is um.
I i spoke about it briefly on my instagram um, i'm not here to rob anyone the wrong way at the end of the day. Um, i just know i mean it's youtube right and there's trolls out there and people will get offended for whatever the case might be. I'm here to simply share my thoughts and what it is that i'm doing that's what i've been doing for the past years um. I i talk about like today.
You know my red day. Yesterday i talked about my green day. I talk about why i'm treating it and what i plan to do and that's all i do right. I never encourage people to buy.
I never encourage people to sell during this whole, like movement of amc, um, i've never said anything about or trying to encourage people uh to sell their position right, i'm not like at the end of the day, i have money in amc. It is, in my benefit, for amc to go up, but, although it's in my benefit for amc to go up, i'm not going to going to encourage everyone that watches my videos to take on that risk. Just so i can reap the benefit. Do you get what i mean uh, it just doesn't sit right with me.
I've always been very open of encouraging you to only put yourself in a position in which you can tolerate, and i just feel like because i do these daily recap. Videos, just like i have for the past years right and i talk about what i day trade and i talk about hey. You know i don't mind, holding a couple of shares of amc, but i'm not gon na hold ten thousand twelve thousand shares of amc. I just can't tolerate that risk right.
I treat amc just like any other day trade, any other momentum stock and any other risky stock. Uh. Just imagine this. This is the perspective that i want to share with you guys uh, and we can kind of go from there. A lot of people uh in the comments section have been getting offended because i'm day trading amc, they think that i'm against the movement. I've never said anything that has been against it and because i day trade it they think that i have an influence on it. Amc has been one of the most heavily traded stocks for the past three four weeks right, it's almost been number one. Almost every other day right, i surpassed tests on a couple of those days.
My ten thousand twelve thousand shares is a drop in the water in the ocean. It has no influence whatsoever. In my videos i take my. I take responsibility for what it is that i say, and i never encourage people to sell, as i will never encourage people to buy and hold it's just not what it is that i do right.
I always and only encourage people to mitigate risk. I've made a lot of mistakes. I would hate for people watching my videos to make the same mistakes right. We all have different intentions, but one thing that we all have in common is that everyone partakes in the stock market for one reason and it's to make money.
So when i see comments on like that, this could be life-changing money. Everyone's intention, when partaking in the stock market, is to make money. That's not that's not unique. That's not different! That's not a special movement! Everyone why they're getting started their intention is to make money.
That's not special! Just imagine you know, i'm an investor in tesla. I hold quite a bit of shares, i'm here for the long haul. Just imagine if i had the audacity to bad mouth, every individual, that day, traded tesla. Why are you day trading, tesla you're? The reason it's not going up? No, it's! It's not! It's like tesla's! A very popular stock, it's heavily day traded.
It sees a lot of volume. My intention is to hold and if i believe in that company, i should be confident enough in my plan and my investment to hold, regardless of what other people are doing. So it is so so important for you to understand that if your intention is to hold i'm no one, i'm never i don't care how much money you make. I don't care how much how little money you have.
I i've never been here to encourage you or to tell you what to do with your money. I share what it is that i do the reason i do it and my daily recaps along the way, both on my red days as in today and both on my green days as in yesterday yesterday and the past couple of days has been amazing. I just really dislike the idea of people, thinking that i'm against something when i've never said anything against it and that's all i wanted to clear up. I have all four.
I have a lot of friends that are partaking in the cause or in the movement of amc, pushing up. I wish you guys nothing, but the best i just trade with a certain dollar amount that it's too much money for me to have on the line with with no risk management right. I've been in this market too long to blindly hold something and remain hopeful. I hope it plays out according to plan, and i hope all of you guys reap the benefit of this thing - short squeezing and going to the moon. I will be there today, trade it and you will most likely make more than me when it comes down to percentage gain, but also, if it crashes, i will also not be there bag holding that stock all the way back down to five dollars. So it is very clear: this is a risky stock. The potential is enormous. I've never seen a movement like this.
I find it to be very unique and it's very interesting. I've said it many times, i'm all for it as i'm like. If you want to do it and you can tolerate that risk cool, but if you're not someone like myself that wants to tolerate that risk with a larger position size, then don't do it it's at the end of the day, there's so many different ways on how To make money in the stock market, why pretend? And why subjugate other people just because they don't have the same intention as you just imagine, if every other stock that is day traded, imagine the investors of those stocks bad mouthing the day, traders for that! It's just like it makes absolutely no sense. It will always be day.
Traded people will always continue to day trade it as everyone else. Everyone has different intentions, it's not that you know one person or once once planned, is better than the other. We all have different tolerance levels and what we can manage when it comes down to risk. We shouldn't be afraid of that.
We shouldn't encourage it embrace it. We all see value in different ways, but there's one thing: we are all here to make money. It's the only reason people partake in this market. You can say that it's for a cause or it's for a movement, but at the end of the day, your intention is to make money and if you get upset when it pulls on back because other people are making money and you're not again it just it.
Just expresses how unsure you are about your position, it's that simple! So i'm all for it! If you want to partake in it, if you don't want to partake in it, i'm all for that as well. Do your part in setting your future self up for success and ignore the rest of the noise if you're a day trader focus on your core principles of day trading position, size direction and mitigating and managing risk, just like we do on every other day trade? Never here to bad mouth or subjugate other people or anyone to uplift myself. We don't need to do that and i hope you guys don't need to to make yourselves feel better either. So i appreciate you guys time.
I wish you guys nothing, but the best overall nasdaq market is pulling on back uh. There's a fed meeting today so um. It should be pretty interesting to see how the market reacts and to see if this not only has an influence on amc. But of course, it's already having an influence on tesla, as you guys can see, and the overall tech uh market uh. We were doing really well and we aggressively pulled on back. This is the nasdaq index just take that into consideration. I wish you guys nothing, but the best wanted to provide you guys with an update, not just on my green days but of course, on my red days as well. Like always continue working hard continue following dreams.
Let your passion be a draft for success and, like always, let's make sure that we in the year on our green now take it easy.
If it is high risk for you then leave!!! You are against it!!! You do have an influence on it!!! Stop talking about amc!!!!! Seriously, get out of amc!!! Nobody watch this dude!!!
Your going to kick yourself in the ass when you didn’t want to to change the stock market and the hedgies screw you!!! Don’t hold 1500 shares with us, just leave the movement! I swear after tonight I will never watch your videos again!! I can’t believe your selfishness!!! No one is offended it’s the fact that you don’t care about others!
That's why everyone has said don't put money in AMC your not willing to see goto 0 zero so you can hold and not cry 😭
Sounds like you're copping a plea. Some of us have went all in, so when you say you day trade a movement when there are many other stocks to make videos of you are being an opportunists. Perhaps your strategy and play by play on how to profit from the movement could be kept to yourself. Respect the apes that made you money by not mentioning day trades in your videos. Not much to ask if you ask me.
The problem is when you daytrade AMC you buy synthetic shares. Then you sell them back to the hedgies and they delete them like they never existed. This drives price down and hurts the movement. Honestly go daytrade somthing else it’s selfish. Your a tool for the hedgies.
Your making money selfishly.
you alone dont make a difference but the 1000's of others like you daytrading it do. and this video supports that, so…that'll be a dislike from me
For someone who talks about risk management. This stock is literally 99% safe and 1% risky in terms of everything happening. Not Financial Advice. My opinion.
Your comment about a day trading isn't completely accurate, one day trader may not create a change… but there are many many day traders that in pool and when you sum those numbers that does have influence! I do agree that each individual needs to have their plan and don't judge for individual choices! Good video
You get mad people bash you, but you use click bait titles to get people here to watch. You brag about your money. Makes you look conceded. With that said…your money. I can care less what you do with it. Just don't complain about the backlash, when you put what you do out there. Good luck!!!
Everyone is entitled to their own opinion. Why the haters…his followers canake up their own minds. I've been a sub for almost 3 years, and I am holding AMC like an APE, if that's what we're called.
Ricky's always been a day trader for the most part, that's how he earns a living.
Did I like him making this video, yes and no, but hating on someone because they don't say what you want to hear, that's not cool!
I'll say it before anyone else does. Actions speak louder than words. That said we are all adults lets act like it. His words may not speak bad on the movement now his actions… well it is what it is. That doesn't give people "apes" the right to talk shit. Best the apes can do is just not watch the videos if you don't like his videos.
Just in case you Ricky didn't get what I meant, you should think about your actions as well as your words. This isn't even about AMC just in general. Peace Peace
I started watching your videos around 2017 to 2018 then I lost you along the way, now I found you again 2021 today, lol, anyways good video bro, well we all here to make money no ones blaming you, you do wat do best we do ours, its not your fault the stocks goes down, the other guys did this, I wish I know how to do what you do so that I will get some more money out of the stock market, but I wish you well Rick. 😎
HONESTLY NEVER HURD OF THIS GUY UNTIL HE POSTED SOMETHING ABOUT AMC… YOU HAVE MONEY. YOU BRAG ABOUT IT ALL THE TIME. DAY TRADE SOMETHING ELSE OTHER THAN AMC.
They don’t know how this works man it’s not your fault. If they really want reform in the stock market they need to protest and write their senator or run for public office NOT BUY AT THE TOP AND GET MAD WHEN IT DROPS
"I've never said anything to encourage people to sell"…."Are you prepared for AMC to drop"….."are you ready to sell AMC stock"……."the truth about AMC stock"……"showing you my 3800 loss"….."AMC stock crashing , SELL everything?!?"……..you contradicted yourself pretty hard.
Did you buy puts or something? You tend to post a lot of click bait and hate for AMC.
Bruh just posting amc videos to get views🙄 used to look up to you but shit man you've already made it, maybe think about all the other people that are holding this to change their lives, buy and hold is all we know. Quit just making a quick buck and hold (or gtfo) for the 4+ million people are apart of this movement.
Trade what you want brother! Its all good! Forget personal agendas and focus on yours. A day trade is exactly that, you open and close a trade within the day and stay liquid. Hedgies have hedge friends, all they have to do is play the other side of the trade with big positions and when ready they dump after hours with not halts and when the majority are not allowed to trade. They are letting things run, but remember they have made more money than all our accounts combined and then some. Play it safe. Let the cause do its thing, we just get the stuuf in the middle 🙂
100000 hold for the 10000 and the 10000 hold for the 1000 and the 1000 hold for the 100 and the 100 for the 10 and the 10 for the 1 they are the ones working 9 to 5 Struggling for a Miracle WE HOLD STRONG FOR THEM We create the Miracle ….Patients is Virtue GOD BLESS EVERYONE "APEs are Stronger then EVER!!!"
I really appreciate another way to handle AMC , these “apes” are so tunnel visioned . Thank you for the video
Not saying you’re against the movement, but you are HURTING the movement.
Brrr it's a bit Shilly in here…… But I hear ya, buy more AMC… HODL and fly to the moon!!!!!!
I doubt many (intelligent) people are upset with you for day-trading AMC. But you clearly have influence in this community of stock market “investors.” Any hint of negative coverage towards AMC is going to receive hate from the “ape community.”
From my perspective (and as you’ve also stated), this movement behind AMC is unique. Of course there are lot of people viewing this as simply a lottery ticket but don’t reduce everyone to that mindset. This really is more than holding to achieve a short squeeze for the money alone. There’s a lot of illegal manipulation in the stock market. Now, I’m not saying that I have a crusade against manipulation or that we can even make a dent in the illegal activity going on but I’m certainly willing to participate if I believe there’s a possibility that a positive change can come from this.
A lot of people say this is a financial opportunity of a lifetime.
Other people say it’s class war.
Others say it’s a stand against corruption in general.
It’s a mixed bag. It’s all of it and wether the retail investors succeed or not, this movement is only going to be temporary. The AMC short squeeze will not be “almost ready to happen” 5 years from now. The reality of this short squeeze hinges on the factor of time.
I think you’re valid in your assessment of AMC as a risk and I think your knowledge and experience in the stock market speaks for itself. My point is, Even though you may be justified in saying whatever you want about AMC, I think it’s wrong to do so. At least at this time. That’s just my opinion. I think you’d get a lot less hate from people if you didn’t post videos like “why I’m selling my AMC stock!” (With a dramatic thumbnail of AMC down-trending into a violent crash)
There’s enough hit pieces written by the mainstream media dissuading people from AMC. I know you’re not literally telling people to stay away but you must be able to see how they can easily be conflated.
I doubt many (intelligent) people are upset with you for day-trading AMC. But you clearly have influence in this community of stock market “investors.” Any hint of negative coverage towards AMC is going to receive hate from the “ape community.”
From my perspective (and as you’ve also stated), this movement behind AMC is unique. Of course there are lot of people viewing this as simply a lottery ticket but don’t reduce everyone to that mindset. This really is more than holding to achieve a short squeeze for the money alone. There’s a lot of illegal manipulation in the stock market. Now, I’m not saying that I have a crusade against manipulation or that we can even make a dent in the illegal activity going on but I’m certainly willing to participate if I believe there’s a possibility that a positive change can come from this.
A lot of people say this is a financial opportunity of a lifetime.
Other people say it’s class war.
Others say it’s a stand against corruption in general.
It’s a mixed bag. It’s all of it and wether the retail investors succeed or not, this movement is only going to be temporary. The AMC short squeeze will not be “almost ready to happen” 5 years from now. The reality of this short squeeze hinges on the factor of time.
I think you’re valid in your assessment of AMC as a risk and I think your knowledge and experience in the stock market speaks for itself. My point is, Even though you may be justified in saying whatever you want about AMC, I think it’s wrong to do so. At least at this time. That’s just my opinion. I think you’d get a lot less hate from people if you didn’t post videos like “why I’m selling my AMC stock!” (With a dramatic thumbnail of AMC down-trending into a violent crash)
There’s enough hit pieces written by the mainstream media dissuading people from AMC. I know you’re not literally telling people to stay away but you must be able to see how they can easily be conflated.
I DAY TRADE ON DAYS LIKE TODAY ALL DAY 6/17/2021 i dont diamond hand shit on the market its all about opportunity. Learned from you Rick, its all about the profits.
Someone's lacking in their DD. Don't list to this guy. Hold your shares
Don’t talk about the stock if you’re not going to be a part of what AMC is truly about. Day trade deez nuts
hey ricky. i'm up 20% on NVDA, last time i commented i was up 13% and before that 1.8%. its really hot stock and its rising much more than i expected. it would be cool if u could check it out
I have zero respect for day traders taking advantage of this movement poor people and people with no education finally have a chance to make something of themselves and pos like this guy are messing it up. Unsubscribed.
Worst that a leach, only reason you can make that amount is because of the effort apes have put in. You should give back to the community. 👎👎
The making money part in the stock market is not the movement. The real movement is making hedgies learn a lesson that they cant dictate our future of investing
Day trading AMC = against the movement……. We apes see this 🤡 and some of his audience is seeing it too. Have fun twisting your own words and commenting to everyone like a whipped dog……
I am really looking forward to AMC stock remaining bullish but I had to share my thoughts on the topic. Wishing you all the best with your trades!