TIME TO SELL GME? ($130K)

00:06 - Hi Traders! A short recap of my trading session today and surprise, surprise AMC and GME. Why? Because a chance like that only comes once in a lifetime. Where everybody’s going long.

00:21 - That’s your opportunity. First one in line is GME.

00:24 - I’m about to short GME once it moves under $300, now watch the buyers here, at $301 right now.

00:29 - We’re going to touch $300, I will expect it to break $300 and I’m going to short it right there. Right now. $300. Clicking the button short 8,000 shares.

00:38 - Now, my target is 10 points, which is much more sensible than the 1 million trade I had last week. If you haven’t seen that log in and take a look one point two seven million dollars in GME.

00:50 - I have a stop loss of 10 points and a target of 10 points.

00:54 - However, always when you have a target you trying to look for a little bit more. My risk reward ratio is 1 to 1.

01:01 - So now I’m looking at GME, hoping that it’s going to continue coming down.

01:05 - It is stalling little bit here holding a little bit, but I trust it’s going to continue.

01:09 - Now. You can see that the first move down. I ignored it, because then came a big spike up.

01:16 - I wanted to see the buyers getting out of the way.

01:19 - I wanted to see the buyers moving out of this trade.

01:23 - And, then once I saw that it was coming down and $300 looked like the point where, probably, the point of no return.

01:31 - Well, we still don’t see that but I thought that would be the point where GME will continue coming down. Now look at AMC.

01:39 - It’s the same look at the move up right there.

01:42 - I already showed it here. 8,000 shares.

01:45 - Look at the point where it moved up that was the point that if you were short, you were probably out of the game.

01:53 - That was the point where the stock took you out when it moved higher now take a look at the breakdown in AMC.

01:59 - I’m about to add 4,000 shares because it’s proving to me that it wants to continue down now take a good look at what happens right now. Right now broke down; just added 4,000 shares.

02:08 - Again, once it’s proving to me that it wants to move my way.

02:12 - I have no problem in adding. Now already up almost $140,000 as you can see in GME, just reach my target and more.

02:20 - I’m up 15 points. I was looking for 10 points. I’m about to take my partial. Took right now. Now, always I look for one-to-one risk-reward ratio, always, that’s my style of trading. Different traders have different ideas about trading.

02:33 - That’s mine. I want to put the risk real fast behind me.

02:36 - So, this case I got 15 points. It’s which is more than the one to one.

02:40 - Now. Look at AMC just broke down I’m up $10,000 and I’m about to take my partial right over here.

02:48 - So, again looking at the buyers, looking at the sellers.

02:50 - Looking at the point where it pulls back up.

02:52 - I’m already up $9,000. It’s going to move up a little bit.

02:55 - I’m going to click the button, again watching the buyers watching the sellers. Just popped up a little bit. Click the button didn’t get as much as I wanted really, but that was a nice break down.

03:07 - And again, that was a an intraday trading idea. That has nothing to do with the first 1 million dollar trade I had last week.

03:15 - So, take a look at the results here. I’ve got $132,000 and still $10,000 riding so you can see that over $130,000 in GME and the most important part is how much my trading room members are doing, now several of them took my trades today.

03:34 - Now look at the result. I just asked them how much money did you make today in AMC and GME, assuming you took it. Now take a look at the results right over here.

03:43 - You can see different numbers twenty two thousand two hundred and forty five hundred dollars twenty nine hundred Joanne and look at YouTube YouTube is a free trading room. Scott just made sixteen hundred dollars five thousand dollars Nique and you see the numbers there.

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