The first trade of the year was to short AMC. After a big surge in AMC, I promptly went short. As expected, the high stock price was not supported by the fundamentals of AMC, and the overall market also declined at the beginning of the new year, which helped in the decline. I closed the position around 24 on the 6th and made a profit of 20%. Not a bad start.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more