yesterday i broke my own rule and bought a stock that already ran. zero regrets so far.
grabbed HOOD around 99 in the morning. it had already gapped on the workforce cut + record trading volume news so my brain was screaming youre late, youre chasing the top. bought it anyway cause the tape would not quit, every little dip got eaten in like 2 minutes flat. closed ~105 and tagged 110 intraday lol.
the numbers under it are kinda silly too. may platform assets 377B, up 48% yoy. 27.7M funded accounts. and goldman needham deutsche all bumped targets into the low 100s basically same week. usually i fade hype like this but when the chart and the actual business numbers line up i stop being clever.
so im just gonna ride it. adding if it holds over 100. if it loses 95 i was wrong and i bail, simple. i wrote the 99 entry down the second i clicked buy so i cant pretend later i got in lower lol.
am i chasing the literal top here or does this thing run back to the old highs?