Stay Calm and Ignore The Price
$AMC Entertainment (AMC.US)$
I was pretty new to trading when I jumped into AMC back in Jan, I saw the potential and believed in the company so I sold all my other positions to go all in on AMC...I can tell.you I was always emotional during the sideways trying and mini bumps to 14.00...Then came the big push to 70.00 and everyone was on cloud 9 and I had made 160k in a single day, easily the most money I had never seen in my life and what happened next? At open the following day the price dropped to high 30s, losing me 100k, then the next hour I was up 120k only to settle in at a 50k loss...The point of this long as story is that going thru that big swing was honestly the best thing for me as a greenhorn, and now these 20k swing don't worry me 1 bit...Everyone says "cash out", and I proceed to preach about how I believe in the bigger picture and until the shorts are covered IM NOT FUCKING SELLING
I was pretty new to trading when I jumped into AMC back in Jan, I saw the potential and believed in the company so I sold all my other positions to go all in on AMC...I can tell.you I was always emotional during the sideways trying and mini bumps to 14.00...Then came the big push to 70.00 and everyone was on cloud 9 and I had made 160k in a single day, easily the most money I had never seen in my life and what happened next? At open the following day the price dropped to high 30s, losing me 100k, then the next hour I was up 120k only to settle in at a 50k loss...The point of this long as story is that going thru that big swing was honestly the best thing for me as a greenhorn, and now these 20k swing don't worry me 1 bit...Everyone says "cash out", and I proceed to preach about how I believe in the bigger picture and until the shorts are covered IM NOT FUCKING SELLING
KEEP YOUR EYE ON THE BIG PICTURE WITH BLINDERS ON
PS I'm not telling you what to do with your money and how to trade, I'm just sharing my personal experience MUCH LOVE!!!!
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Joshwee : Diamond
balls
doyouhaveabadge : Eh. No. Your way of trading is big risk. Nobody should go all in with stocks like this. There shouldn't be any emotions involved when you do trades. Only invest with what you are willing to lose
102315873 : AMC is a struggling company in a sunset industry, and has been losing money every month with no road back to profitability. So what exactly is it you believe in when you say you "believe" in AMC? The power of reddit? I wish guys like you would just be honest and acknowledge that what you are doing is pure gambling. It's possible to make money out of it, but the odds are stacked against you, simply because the company is worth nowhere near what the price is.