May 5 – May 9, 2025

HOOD Setup, PLTR Earnings

Nick SchmidtMay 11, 2025SPY-0.43%QQQ-0.18%

PLTR down after hours on earnings but the expected move was 13% and it was only down 8%. Held through earnings and it closed well enough to keep. Tough waiting until close on earnings day to make a decision but this is an example of why I usually wait.

Came into the week expecting a pullback. Felt we were extended but saw a clean setup in HOOD and bought it. Already the second biggest trade of the year by Thursday. What you feel or expect doesn't matter, you trade what you see in front of you.

Current Holdings

80% invested|20% cash

SymbolAvg CostLastP&L

PLTR

$88.78$117.30+32.12%

Avg $88.78Last $117.30

UBER

$74.00$82.81+11.91%

Avg $74.00Last $82.81

NFLX

$1093.27$1140.22+4.29%

Avg $1093.27Last $1140.22

TSLA

$280.00$298.26+6.52%

Avg $280.00Last $298.26

HOOD

$47.63$54.65+14.74%

Avg $47.63Last $54.65

Five positions. Held PLTR through earnings. HOOD already second biggest trade of the year.

Day by Day

Tuesday

2025-05-06

Bought HOOD. Felt extended but the setup was too clean to pass.

BoughtHOOD (Entry at $47.63, clean setup despite feeling extended)

Lessons

Waiting for the Close on Earnings

PLTR down after hours on earnings and the temptation was to sell immediately. But the expected move was 13% and it was only down 8%. By Thursday it was up 8% from that earnings close. Waiting for the close to make a decision is hard in the moment but it keeps working.