Why was AMC the one to do the big move?

SunTrader said:
Does knowing the unknowable make it anymore likely someone will catch the next one?

The herd did not know otherwise it wouldn't happened. The few who did "know" didn't really. They just got the benefit.

I'm referring to pre-breakout levels. Once that move started breakout traders were a happy bunch.

So just follow the WSB stocks and watch for the breaks.
More...

Yes that is true, however I was curious as to know if I could foresee playing AMC if there is any factor to make it go that much because I went long GME on Mar.25 but the play ended up being going long AMC. I guess the Rel Vol on AMC should have been a sign.
 
Last edited:
Arnie Guitar said:
AMC wasn't the only one.
BBBY was up over $20 at one point yesterday.
More...
Yea I saw it late though but I meant AMC went up like 500% overall compared to the rest. I didn't just mean yesterday
 
Last edited:
KCalhoun said:
It went up bc more buyers than sellers. Who cares why, beyond that.... we're traders. I suppose it's fun to guess at reasons beyond that, but like GME TSLA etc, meme wsb stocks are momentum plays.

What I think about is how to trade without getting shaken out, should I scalp on open vs all day long trade etc
More...

how do you determine if you should “scalp on open vs all day long trade etc” if you don’t know why it’s moving?
 
You must log in or register to reply here.
Back
Top