The AMC Stock Discussion Thread

[MeachTheMonster]

We must all remember, this is an investment, payout isn't instant, we aren't day traders, so let's not put more stress on it..

Stress only comes from using funds that aren't allocated towards investments or the flow of income to replace the potential losses has stopped...That is just gambling....

I check my stocks and cryptos in the AM, Lunch, and closing times....

My job is boring right now. I literally just sit on my phone all day.

I can’t, not look at this shyt every 5 minutes.

It makes it hella stressful, but I also think I’m learning things that will help me be a successful trader/investor for the rest of my life.

I can’t wait till this shyt actually squeezes so I can apply my knowledge to the broader market. Might fukk around and quit my job

 

[Batsute]

You brehs talking about bugattis and marble floors.

Im over dreaming of 5lb Wagyu Ribeye roast and a meat fridge.

 

[JackRoss]

I forget i even have stocks tbh.


Every single day I forget all about this stuff. Then I come to the coli, see this thread and be like

" oh yeah let me see where I'm at today."

It be like that. I bought 4 when Gamestop was happening. Didn't give a fukk until recently.

 

[Sohh_lifted]

You brehs talking about bugattis and marble floors.

Im over dreaming of 5lb Wagyu Ribeye roast and a meat fridge.

lol for real, I wanna pay off my debt, have cash and be able to buy a crib.

 

[humminbird]

I forget i even have stocks tbh.


Every single day I forget all about this stuff. Then I come to the coli, see this thread and be like

" oh yeah let me see where I'm at today."

that's how it should be
I like having some options and watching the news but for the most part, I'm set it and forget it

 

[Mega]

Just some motivation to HODL.

#HODLGang

Impeccable

 

[hu3ypdadon]

2 Da fukin Moooooon we GOOOoOO

 

[Rakim Allah]

Just some motivation to HODL.

#HODLGang

Noiiice

.

But the upkeep and property taxes.

 

[SithLawd]

Here I'm tripping over 3k. Inspirational shyt and yeah your plan makes a lot of sense, can flip that into a mill real quick me.

Give the brehs some investment advice

Thanks breh

I started last year during the covid crash with about 40k

Not gonna lie I did some extremely reckless swing trading on penny stocks/pharm stocks/meme stocks/ doge coin to get to about 160k 2 months ago

Huge swings up and down

Heart rate prob hit 200+ at various points

The last 2 months though I finally started to be a little less retarded and take more calculated risks

My main strategy is to go all in on a volatile stock and sell weekly covered calls.

Covered Call Definition

This caps your gains but also protects against big losses

For example last week I started off with 260k. Bought about 5200 shares of amc at $50 then sold a covered call at about $13.5 a share at a 50 dollar strike (that kind of premium is absolutely unheard of)

As long as amc finished the week above 36.5 (50-13.5) I made a profit. If the price action stayed stagnant I made about 70k. My gains however were capped at 70k.

The price ended up basically at $50 so I made $70k (disclosure: covered calls almost never work out this perfectly)

The market also tends to run on Monday and sell off midweek (of course not always true but a general trend). So if I want to swing I like to get in late Friday and sell Monday morning.

U also generally see a sell off around 1030am and recovery around lunch into power hour.

When I swing trade non covered shares I’m pretty quick on taking profit (1-3%) but I’ll look at level 2 data for sell walls and general sentiment on Stocktwits to see if it can run more. The technical way to swing trade is looking at things like RSI and MACD but I don’t have the software to calculate that shyt

I have no shame getting into fukkery stocks

AMC for example has such a massive community behind it, even if the squeeze doesn’t happen I can’t see the apes letting this bottom out.

I disclosed my spending power not to flex by any means. There are probably brehs on here with even more. I don’t tell anyone about my investing except for my wife a few close friends and my parents.

But nothing brings people closer than making and losing money together . Got nothing but love for all of y’all (pause)
Even the AMC haters

 

[klutch2381]

Moooooonnnnn riverrrr… I’m crossing you in style.

 

[Ezekiel 25:17]

I need to be real with my AMC brethren

I’ve been swing trading in and out of various stocks this week but looking to completely close all of my positions EOD in preparation for tomorrow

If 40+ looks inevitable near the end of power hour

I plan on going ALL IN

roughly 360k

and holding naked shares no covered calls (which is my usual strategy)

if it tanks next week (unlikely) I’ll hold this L and try to claw my way back with covered calls

but brehs I’m expecting triple digits


I can’t completely pledge my allegiance to the diamond hand association

I’ll likely take profits at various points

but I’m def gonna let this position ride more than usual

Sounds like you got experience with stocks, I got a few questions.

How does short term capital gains tax work? I hear it adds to your income.
Are you paying taxes each time you withdraw profits?
Do you know that if you lose all that money you still owe taxes on the profits?

 

[SithLawd]

Sounds like you got experience with stocks, I got a few questions.

How does short term capital gains tax work? I hear it adds to your income.
Are you paying taxes each time you withdraw profits?
Do you know that if you lose all that money you still owe taxes on the profits?

I’ll be real with you, I really don’t know cause I’ve made a lot of my money over the past 6 months

from what I understand this is all short term capital gains so it’ll basically count towards my income. I’ll unfortunately get hit with some massive taxes

I’ve got a friend who has a small business and trades under his company so he just has to pay the corporate tax rate which I believe is lower than income taxes.

I was also looking at transferring and trading through my IRA but they have all type of restrictions on trading

I haven’t withdrawn anything yet so not sure about the tax implications if I do

for your last question… I hope not

 

[IsThatBrothaMouzone?]

Not 100% on this but a good reason to buy, hold or buy & hold. Selling on small upswings and buying back on dips holds the price down:

 

[NinoBrown]

Sounds like you got experience with stocks, I got a few questions.

How does short term capital gains tax work? I hear it adds to your income.
Are you paying taxes each time you withdraw profits?
Do you know that if you lose all that money you still owe taxes on the profits?

I’ll be real with you, I really don’t know cause I’ve made a lot of my money over the past 6 months

from what I understand this is all short term capital gains so it’ll basically count towards my income. I’ll unfortunately get hit with some massive taxes

I’ve got a friend who has a small business and trades under his company so he just has to pay the corporate tax rate which I believe is lower than income taxes.

I was also looking at transferring and trading through my IRA but they have all type of restrictions on trading

I haven’t withdrawn anything yet so not sure about the tax implications if I do

for your last question… I hope not

This is the way, all my crypto and stock gains run through my bank account tied to my LLC, capital gains tax rates, not personal....

This is the way....

 

[MeachTheMonster]

Do you know that if you lose all that money you still owe taxes on the profits?

This isn’t exactly true.

It only applies with the same stock. The losses don’t stack but the profits do.

So your income and therefore your tax burden goes up. But the amount of losses you can write off are capped. This wont effect most of us. But if you are heavy into swing/day trading it’s something to think about.