You know about AMC as one of the “meme stocks,” along with things like GameStop (GME), that Reddit traders shot through the moon based on countering short-sellers on Wall Street.
But I didn’t get into AMC based on memes. It was an echo trade… big timeframe…
I’ve been holding on for quite a while. In fact, a few people in Booker’s coaching were trolling me about it.
But now I’m having the last laugh…
Want to join a class with me, Rob Booker, and another fantastic trader?
Rob and I are taking part in a LIVE 5-day trade setup workshop with the great team over at Ninjacators.
I’m excited to share my setup for ANY futures market. (a little secret: it works outside futures too!)
These classes will be live and they’ll all be recorded, and they’re available at what I think is an incredible price…
The AMC trade is a great lesson in patience… in believing in your trade setup…
My echo trade method told me that this trade was a winner. And I set up profit targets and stop losses and I waited.
I was sitting on a loss for about two months when it went below $15 back to the $9 area.
But it never got down to support, and I believe in my Echo Trade setup. I trust it. It was a bigger picture setup, so while I was hopeful it would go fast...
I knew it could take months, so I used shares.
Then, the past few days, BOOM!
This trade turned out to take months. But it was worth it because I believe in the system. That’s the same reason I’m still in on one share of GME from $55.
Trading well takes time and patience. But when it pays off, it can pay off big.
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