I've been interested in putting money on AMC since the beginning of the year. About a month ago I had a big paying job and extra cash but kinda forgot to invest. Got into it about 2 weeks ago at $1600 and then last week at $1000. I've been hovering around 4k now. Was thinking about selling in the AM and buying back in on a drop. It seems to drop 1-2 days a week. [Reply]
Lots of great setups and many stocks really moving between end of last week and start of this week. BNGO making monster moves so remember, if you were bag holding, get back to break even and put some risk management strategies in place! If you averaged down at some point, there are ways to sell certain shares first such as "Last shares in, first out" or the opposite "First shares in, first out." This allows you to sell part of the position for profit if you bought at different points along the drop.
I bought MSFT at close yesterday, 253, 4% risk with stop loss 243. Also, AMAT looking to breakout above 140/41 as another swing trade with about 4% risk with SL set at 136. EIG still with nice setup, will buy with stop market order above 42.55 with SL set at 40.75 if it fills, 4.2% risk.
Make some money boys but more importantly, protect that capital! [Reply]