 03/20/2022 I blew $60K on AMC puts — see what I learned Hey,
On Monday, I broke down why meme stocks — like AMC Entertainment Holdings Inc. (NYSE: AMC) — were at the top of my watchlist heading into this week.
I'm always looking for former runners — resurging with volume and volatility — to buy puts on near the top. And AMC checks all of my boxes.
Back in July, I traded AMC puts (following the stock's infamous short squeeze) to utter perfection … locking in a gain of nearly $55,000 in a single trade!
But like anyone, sometimes I nail my trades better than others. This week's AMC trade was one of the 'others'...
I miscalculated my timing, let my emotions get the best of me, and took a massive $60,000 loss because of it.  That said, I don't regret my thesis going into this trade. I regret the way I handled it.
As you've heard me say before … my idea was right, but my timing was off.
Additionally, I let my emotions cloud my judgment at certain points in this trade. This is a HUGE MISTAKE that I wanna help YOU avoid in your trading.
Click below to learn why I traded AMC puts (and what I plan on doing differently next time)… Keep evolving,
Mark Croock Editor, Evolved Trader Daily P.S. You have less than 2 hours until the big NFT event tonight that Tim Sykes is hosting... Make sure your prepared and have a seat for it... If not, sign up instantly by clicking here. Recommended Membership Gifts
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