So yesterday i made a video about investing over 250 000 into amc stock. If you guys got the video to 1 000 likes and about two hours after uploading that video, you guys absolutely destroyed it. I opened a position not including the position that i had in amc on my weeble trading platform, but over 300 000 is the position that i had in amc with my fidelity account. This is what happened.

One of the things that i want to share with you is just because i do something never means that you should as well we're all at different levels in the idea of what we can tolerate when it comes down to risk management. The more experience and the more confidence you have, the more you can potentially take on when it comes down to maybe things going south so make sure that you do your future self, a favor and never put yourself in a position in which you are not ready To actually uh manage right, i think that's the easiest way to put it so i posted on mainstream. If you guys don't follow me on instagram, the link is in the description. First off i only have one instagram account, there's a bunch of fake ones out there.

I opened a position of over three hundred thousand dollars into amc. Little heads up. You know. My video yesterday was talking about 250 000.

If the video gets over a thousand likes, i already had a little bit over uh a little bit under eighty 80 000 into amc stock uh. I just added an additional 250k. Like i told you, i was buying an additional 250k right uh today, i'm up a little bit over thirteen thousand dollars uh, but i wan na be open with you guys on my intention and what i'm still holding right uh. I just recently shared on instagram.

So again, if you don't follow me on instagram, this is where you get will get up-to-date kind of, like updates on maybe specific positions. So again make sure you follow me, but i got filled at 41.25. I sold 2833 shares and an additional 1500 shares at 41.58. So, with a total of i had 830 shares, if i'm not mistaken hundred about now, i have a little bit over three thousand, almost four thousand shares alone on my fidelity that i'm still holding at this level and i'm still holding two 000 shares on my weeble.

So all together i have about you, know five to six thousand shares of amc stock, which is still a pretty heavy position. I don't want to pretend, like i'm, holding the entire 300 shares on fidelity and 2 000, like 10 000 shows, like i like, being open with you, guys, um we're at a potential price point. You know i like to talk about the potential for the upside and i like to talk about the risk in place. Right, there's two sides to every opportunity and you'll see in the comments section.

There's people that are okay with talking about the risk and other people that will say what the heck amc is not a risky stock. Okay, well, uh, a non-risky stock doesn't drop 15 or 20 percent in a day right. I love talking uh and and sharing my thought process behind a trade, but i like to be very open with you guys, uh. One of the reasons that i reduced my position size is we're at the estimate line we're at the moving average on the four-hour time frame.

I would love to buy back with an additional three to four thousand shares. I'd really love to step on the gas, but last time we got rejected and we pulled on back this time - we're already trading above the ema and it's looking a little bit better. But i didn't want to hope that it just continues to rally. I thought i would keep it very simple.

Hear me out. I would sell a portion of my position about half to lock in profit and if it breaks above the moving average and if it begins to trade above 42 or 43 dollars, then guess what? What's the beautiful thing about the stock market, i can always get back in yeah. I miss out on one dollar, but i take on none of that risk with that additional position size right. So if it pulls on back, then i can take the position that i sold and all those shares and all that money i have left over and buy back at a cheaper price.

It's kind of the best of both worlds, i'm at a potential resistance. So i reduce my position if we break above i can buy back in, but if we pull back then i can buy back at the lower level by having a lighter position. It's a win-win in my eyes and that's how i like to trade, i'm not here to pretend like i'm an ape. I've never said to be.

I've never cared to be i like to talk about my thought process behind a trade and to share it with you. I'm not right 100 of the time, and just like i share my red days with you. I of course share my green days so today alone, i'm up three thousand dollars on amc when it comes down to my weeble account and i'm up another 13 000. Probably up a little bit more now on my fidelity account, but i'm up another 13., so 16 000 total today wanted to update you guys again - and this is what it's all about.

We choose to take advantage of opportunities that make sense to us and we lock in profits when it makes sense, was i'm not going to lock in profit or hold a position to please someone else, because if this stock pulls on back they're not going to pay? My bills, they're not going to cover my losses and they're not going to cover yours either right. Do your future self, a favor and focus on yourself. If that is viewed as selfish, then guess what so be it? I am here to trade for my future self. Not to please other people, i treat amc like any other trade, any other stock as that's what it is to me.

I love taking advantage of the direction and the opportunity, but i don't get too emotional about it or to attach and hope that something happens and just leave it up to hope. It is our actions that need to make sense for us to be able to put ourselves in positions where our future selves can. Thank us for so wanted up to you guys on this uh same thing with tqqq, it's a pretty decent day. It's looking a little bit more on the overbought side.

Look at the rsi look at the macd look at the sma line or the moving average as a potential resistance level. It wouldn't be much of a surprise if it begins to pull on back and, as you can see, going from 150 shares. I reduced my position to 50 shares. Why? Well, because i view it to be overbought and based off of this, i view it to be able to potentially pull on back.

So i reduced my position size to have money left over to be able to buy the dip. That simple. Let me know what you guys think in the comments section uh. We had an amazing live trading session today with the learn plan profit group we talked about.

You know why we were locking in profit when it was trading above 41. We waited for that pullback on the one day one minute chart. If you guys saw that right, we waited for that pullback and we bought back in and wrote it back up again now the directions in our favor, it's continuous! It's foolish and we're soaking it all up right trade when it makes sense not just when you want to - and this is what the live trading sessions are all about - not to copy what it is that i do but to understand the thought process. So if you guys want to join our live trading session as soon as market open on monday, make sure you click the second link down below and i'll see you at market open.

Like always, let's make sure that we end the year are green. Now till you digit team.