Apr 7 – Apr 11, 2025
Nick SchmidtApril 13, 2025SPY+5.67%QQQ+7.51%
Got bullish on Wednesday last week and bought a pilot position in UBER the day before hell broke loose. Stopped out immediately Monday when we opened down massively. Did such a great job sidestepping this market since the top and moved to cash quickly, but one pilot at the wrong time wiped that clean feeling.
Bought PLTR on Thursday. Back above the 10-week and showing the kind of structure where institutions are accumulating. The start of a new bull market never feels like one and I keep reminding myself of that.
UBER stopped Monday. PLTR started Thursday. Mostly cash.
UBER stopped out on massive gap down opening.
Bought PLTR as it reclaimed the 10-week.
Sharp recoveries and bear market rallies look almost identical. The start of a new bull market never feels like one because the fear from the decline is still fresh. That's exactly when you need to start putting on positions, not when it feels safe, because by then you're chasing.