Jun 2 – Jun 6, 2025
Nick SchmidtJune 8, 2025SPY+1.65%QQQ+2.08%
100% invested coming into the week, long six names, and I only like to be holding five. Bought QUBT on Thursday for transparency, it's definitely not a liquid leader and way riskier than anything else I hold. Volume had completely dried up and I just wanted to take a stab.
Same day I sold TSLA for a -7% loss when it was at one point up 25%. That's rookie stuff. Pretty sure I got shaken out because my add and size put me in a bad position. Lesson learned the hard way.
I keep saying I am so bullish this market. PLTR is sized well to where it's moving the needle. Only way I get on margin is if I can get good adds for PLTR and HOOD and cut laggards like NFLX and potentially UBER.
TSLA sold for -7% loss. QUBT started same day. NVDA already sold pre-earnings.
Bought QUBT on volume dry-up. Sold TSLA for -7% loss, rookie mistake on sizing.
TSLA was up 25% and I sold it for a -7% loss. The add I made put me in a bad position size-wise and when it pulled back I couldn't handle the drawdown. If I'd left the original position alone I'd still be holding. Sizing on adds matters as much as the initial entry.