

Sold $HOOD, took profits, and re-entered. Do you believe in Robinhood long term?
I’ve been waiting for the PDT removal for years. Do you believe in $HOOD yet?
I’ve been using the Robinhood App for over 10 years. Mostly small trades between $100-$1000. Nothing really crazy or outlandish.
But as soon as the PDT rule was eliminated, I knew it was time to press (still nothing CRAZY, but a decent chunk of money for me). I hesitated and waited longer than I should have.
I wanted in around $85, but didn’t make my play until it was between $95-$100. I spent about 4.5K and bought some near ITM calls with strikes 2 months out. I believe strongly that the earnings report in July will give them a boost, and they might just keep rising after that. Then more good news started to roll in.
I was planning to hold through yesterday morning. But when it spiked hard in the morning, I knew I had to take profits. For the first time in a long while, I timed the peak pretty close to the top; around $118. I sold everything and made 5K profit. Immediately cashed it out.
Then Robinhood dipped. I couldn’t believe I timed it well; that almost never happens that way. I told myself I still wanted back in, but at the right price. I said to myself “if it dips below $112, I’ll find my reentry.” It settled around $111.50 ish, and I came back in for 3.6K. Current positions posted.
I don’t know much and this sure as hell isn’t any advice, but given all the positive news and possible massive growth in different markets, I’m a full believer in Robinhood long term.
For posterity, separate from my 5K profit, I also bought one LEAP for my IRA. Bought in at 3.4K, sold for 4.8K. Left that as cash over the week (also have a lot of VTI shares for stability)