Jun 9 – Jun 13, 2025
Nick SchmidtPublishedSPY-0.36%QQQ-0.56%
QUBT huge volume Tuesday morning. Sold a third into the strength at +39%. I don't usually sell into strength but this is much more speculative and if you don't sell strength on these volatile names you have a high probability of round-tripping. Very happy I took it off, selling into strength is really hard for me so I'm proud of myself for that.
QUBT was bought 6 days ago and is already as big as HOOD and PLTR that I've been long for two months. Crazy. Holding remaining half position. Fully invested, just not loving UBER being an absolute slowpoke.
Sold 1/3 of QUBT into strength at +39%. Hard to do but proud of it.
I don't usually sell into strength because I trade for multi-month trends. But QUBT is much more speculative and volatile. If you don't sell strength on these names you have a high probability of round-tripping the whole gain. Sold a third and holding the rest. It was hard but it was right.
Sold 1/3 QUBT into strength. Still long half of original position.