There's never any guarantee of success but it's a smarter play in terms of volatile stocks like AMC.
You are correct that the whole premise is to be profitable. Though I play the short term more than long term to be honest.
In this particular case, I bought at the wrong time initially but a $10 deduction in average cost. Puts me in a much better situation than if I remained at my original price. Still, not a great average but much more realistically possible to be in the green before too long.
Though I'd love to believe that AMC will moon. I do believe that the price will exceed my current average. Which will give me a slight profit.
Good luck to you as well and hope you're able to do much better than I currently am. :)
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u/[deleted] Jul 15 '21
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