- Reaction score
- 791
Ouch!!!
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AMC
- Thread starter tsptalk
- Start date
Rod
Market Veteran
- Reaction score
- 377
Check out this $68K swing on my AMC swing trade. I'll leave it to your imagination when I slammed on "sell!" And no, it wasn't at $43K... but it should've been! 
The screenshots below are from the most exciting AMC trading day I ever experienced... on 3 Jun 2021.
For any newbies, this was the result of an AMC short squeeze that I had been closely following and anticipating to occur. Because of that, I loaded up on the stock. As you can see from the screenshots, at 10:18, I was down nearly $25,000 on the day. Then by 12:53, I was up over $43,000! That was a $68,000 swing in 2.5 hours!
Of course, I should have slammed on my sell button at 12:53! You can just imagine the adrenaline that was rushing through my veins at the time!
But, I still walked away with a nice chunk of change in the double digits (5 figures). Not too shabby for a "day's work" in a few hours!
As some of you know, I continue to swing trade AMC to this day.
God Bless!
The screenshots below are from the most exciting AMC trading day I ever experienced... on 3 Jun 2021.
For any newbies, this was the result of an AMC short squeeze that I had been closely following and anticipating to occur. Because of that, I loaded up on the stock. As you can see from the screenshots, at 10:18, I was down nearly $25,000 on the day. Then by 12:53, I was up over $43,000! That was a $68,000 swing in 2.5 hours!
Of course, I should have slammed on my sell button at 12:53! You can just imagine the adrenaline that was rushing through my veins at the time!
As some of you know, I continue to swing trade AMC to this day.
God Bless!
Attachments
Rod
Market Veteran
- Reaction score
- 377
Indeed, especially when one is short or playing with options. But, I don't go short or mess with options, minimizing my risks. Of course, there were many folks during that time holding out for an unrealistic tens of thousands of dollars per share. Therefore when this MOASS occurred, they were in denial that this was thee AMC MOASS and lost a lot. Some are still bag holding to this day.
