In 2021 when GME squeezed, I started paying attention. At that point in my life poker was still my vice. But when I heard about people making millions of dollars, and this Roaring Kitty character that took $10k to $60,000,000 I started looking into the stock market. I came across a guy named Trey's Trades, who was making videos on AMC. This was before the AMC squeeze. I began acquiring shares of AMC and got up to about 650 shares at a $8.50 average, which was me putting pretty much my entire first year's discretionary income from work into AMC stock. When AMC squeezed to $70/share, I made about $40,000 in 2 days of trading on the stock market. I sold that stock and bought myself a house. I had briefly dabbled in the markets here and there, but hadn't really done too much with it, until lately when I started this blog., which was good because a lot of people got hosed in AMC and GME when they bought in too late and were delusional into thinking the movement was something more than it was. I had commented just a post ago how I was putting all forms of gambling aside from poker on the back burner. But as fast as the cards can change sometimes things in life change, and you have to adapt and take advantage of the opportunities life provides. I woke up yesterday at 530am and saw that AMC and GME were running up. I didn't have work this day, so I turned on some Meet Kevin on Youtube and saw that...he was back. Roaring Kitty. The guy that was responsible for the GME run up. The guy that single handedly ****ed Wall Street and led his an army of apes from Wall Street Bets into millions of dollars. The guy that they made a Netflix movie about recently. The guy that inspired Trey's Trades. The guy that started the meme stock frenzy. He had been absent for 3 years most likely because Congress had put a silence order on him. He had disappeared after GME entirely, but posted the following pic on his Twitter Sunday night.
No idea how one stupid pic like that can cause a stock to go up 150%, but I guess they call them meme stocks because they are influenced by things beyond fundamentals. That pic is supposed to mean that he’s paying attention and leaning in and sees something in the market that is interesting. People took that as a sign to buy GME. He did follow up with a few videos of different cryptic movie clips. I had just sold all my stocks and transferred the money into my checking's, with the intention of focusing solely on Poker, as mentioned above. However, this opportunity I didn't want to pass up. I knew what AMC and GME could do. So I transferred $12,500 into Fidelity and bought 1,000 AMC shares and 230 GME shares. before 05/13 market close yesterday. I didn't have the balls to buy options so just went with stocks, knowing I could sell quickly if it started turning down. This morning driving to work I sold it all in pre-market, and both stocks went down heavily during day trading hours. I just turned $12.5k into $26,628.07. That's a $14,128 gain in 24 hours. My biggest day trade prior to this was AMC, so $14k for me is some serious dough, as I imagine it is for most people. So much for sticking all forms of gambling on the back burner, but I don't plan on entering back into these stocks (likely), and I also don't plan on sports betting. I am serious about focusing on poker, but this opportunity I couldn't pass up and I Just hit a ****ing grand slam. Let's go! For those thinking about buying some GME + AMC I'd say be careful, I do think there's some room left and a short squeeze that could play out, but just be careful because if it doesn't it's retail buying from retail.
Last edited by pokerstudent#5004; 05-14-2024 at 05:48 PM.