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How many struggle with that?!
Once you realize how fallible you are only then would you trade with a entry and exit and only allow up to 3% losses on your total trading account. It helps takes the emotions out of it.
When I first started trading I made all the same mistakes most everyone else makes. Going smaller definitely helps calm emotions as well. Options prices move so fast and the first time you’re up $5k for the day on some call options you’re like I got this it’s going to keep going! Then the market moves against you and the rationalization starts. I’ll just see what happens tomorrow, etc. “Nobody ever went broke taking profits”. Again, have an entry and exit before you enter a trade.
BTW the book is Trading For a Living by Dr. Alexander Elder.
The Shop
I've been holding my AMC for months, so it's not a big deal if I just keep holding through this and see what happens.
I don’t follow other listings just the major US exchanges but the rise in Frankfurt last week looks lockstep with the US. This guy may have legs after all. Good luck tomorrow moto brothers!
I'm in on AMC.
Got 55 shares on Thursday. Not a lot, but figured I dip my toe in first.
But I’m not selling! Not even close. Amc1000k
Pit Row
If you are going to buy, the morning dip has been the best time the last few weeks. You might be able to catch some dips and average down a bit, but then again, it has so much momentum right now we may or may not see $31 again anytime soon.
To sum it up, each share = 1 vote. If AMC gets more votes cast than shares exist, it proves there are synthetic shares floating around, and AMC will most likely want to do a share recall to sort it out. That will cause the hedgefunds to scramble to buy shares which will in turn ignite the rocket. Buy, vote and hold is all you need to do.
Three-way tie for best day ever yesterday.
This is getting spicy
More realistic scenario is that they are realizing this might go parabolic and they are starting to cover some options that have expired in the money in the last few weeks.
Pure manipulation though when it halts at over $61 then is immediately down to $53 when the circuit breaker flips back on.
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