Software
RIP Future Gohan
With where AMC is going does TRCH even matter? You got money get more AMC...
Why even dabble with it?
The AMC Stock Discussion Thread
- Thread starter I Really Mean It
- Start date
Why even dabble with it?
Like I said I had torchlight from last week. It is interesting it has been climbing in the past 5 days.
torchlight stock - Google Search
What do you think?
It is interesting because if you look at media, they are basically saying this company is trash and is bankrupt and has no growth, but on reddit the take there is completely different. So I am like
which one is it?
I’m not saying don’t invest in Torch or Clove or whatever if you have the capital and think it’s a good play. By all means - go for it. I’m saying if a person had 1k shares of AMC and sold 500 to buy Torch shares, I’m 100% certain that person is a dullard. Financially, it makes no sense.
FukkaPaidEmail
Retired Hoodrat whisperer
because if you can make 20% on shyt like TRCH,ATOS ,CTRX or whatever else is running why not make that extra cash to throw at whatever your main investment (AMC,GME ,Whatever) instead of just throwing money at AMC or whatever during red days ?
FukkaPaidEmail
Retired Hoodrat whisperer
Let’s say you sell 500 shares of AMC for 30000 and bought TRCH this afternoon and made 20% on that . Your 30K is now 36K . You can buy more shares of AMC now (an extra 1000 shares give or take ) . How does that not make financial sense ?Unless you’re trying to avoid short term Capital gains tax and shyt like that .
Thats a scenario that was entirely possible today .
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FukkaPaidEmail
Retired Hoodrat whisperer
Like I said I had torchlight from last week. It is interesting it has been climbing in the past 5 days.
torchlight stock - Google Search
What do you think?
It is interesting because if you look at media, they are basically saying this company is trash and is bankrupt and has no growth, but on reddit the take there is completely different. So I am like
Media just tired of retail shyt . You’re not handing out dividends if you’re a dead end company
Software
RIP Future Gohan
Probably cuz like other brehs are saying they could be bull traps being used by hedge funds to hinge off people's greed and take potential money that was going to AMC then drop the price quickly.
Like I said I had torchlight from last week. It is interesting it has been climbing in the past 5 days.
torchlight stock - Google Search
What do you think?
It is interesting because if you look at media, they are basically saying this company is trash and is bankrupt and has no growth, but on reddit the take there is completely different. So I am like
If the media actually had real stock tips everybody would be rich
they said AMC was some bullshyt, look how many people messed out because they listen to the media
if you how to understand how the money is made, to make money at anything, can't rely on others opinions unless you know the facts yourself
FukkaPaidEmail
Retired Hoodrat whisperer
Some are Bull traps .
BB is a trap ,has never worked
SLV was a trap ,won’t ever work
NOK?
Petsmart,AMMO were traps
but every situation isn’t the same
Software
RIP Future Gohan
Well hopefully this situation doesn't end the same as those did for you butSome are Bull traps .
BB is a trap ,has never worked
SLV was a trap ,won’t ever work
NOK?
Petsmart,AMMO were traps
but every situation isn’t the same
Either way this is an AMC thread so respectfully...
This is the art of swing trading
I threw my discipline in the bushes this morning and held naked amc shares cause I was hoping for an explosion
Came to my senses in the afternoon and sold a covered call
I love amc, I believe in amc but u can’t let ur emotions get in the way of making money
Software
RIP Future Gohan
This isn't the thread for this though. We have a thread for that in TLR and The Boiler RoomThis is the art of swing trading
I threw my discipline in the bushes this morning and held naked amc shares cause I was hoping for an explosion
Came to my senses in the afternoon and sold a covered call
I love amc, I believe in amc but u can’t let ur emotions get in the way of making money
I think it’s silly for a couple reasons: these are my observations of the market thus far. If you have a sure play and you got in a good position, you stick with the sure play. Most people aren’t that effective with the swing trading/day trading shyt on a novice level from what I’ve seen. Probably because you need 25k to really do it at minimum on the brokerage accounts for intraday trading. That’s not to say to say you couldn’t have made bread on CLVE, TRCH, or whatever. You surely could/can. However, greed is always a factor. “Imma let it run tomorrow to see what it does
” and the shyt tanks. My homeboy got his cap peeled getting into CLVE in the 20’s and then it went up to 28, and was down in the doldrums the next day . He took a big L thinking it would go higher and lost money. He didn’t cash out anything. I would bet his situation is more common than the circumstance where a person picks up a quick flip for new traders.Secondly, with as volatile as AMC has been how can anyone reasonably expect to be able to just jump back at a preferred entry point? We’ve seen AMC explode pre-market, we’ve seen it tank. We’ve see it explode upward and downward. If I told you AMC was going to shoot up to $70 in the morning would that sound that crazy? You got in at $5 and sold, and had to buy back in at $70? That’s an L!
Obviously, all hypothetical but I see what you’re saying. I hope you see what I’m saying too.
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I Really Mean It
Veteran
002 isn’t going to do anything. It’s lip service and a way the people in charge of monitoring the market can feign concern and pretend they’re doing something. The most effective strategy, which has been the one that brought us to this point, is to buy and hold.
