Hey, I'm Nick.
I'm a position trader that believes in doing less.
“One of those rare people that only posts when he has value to add.”
Co-founded TraderLion · Co-author, The Trader's Handbook
Worth reading
Character Change
My go-to setup for getting into new uptrends early, three pieces of evidence on the weekly chart that tell you the trend has likely changed.
HOOD·+106% in 10 Weeks
During the 2025 correction I was keeping a relative strength list of names that were holding up and when the market started to look like it was putting in a bottom I was watching for stocks whose character was starting to change. HOOD was one of the first ones I bought in the new uptrend because during the crash it pulled through the 30-week but reclaimed it the very next week while the 30-week was still rising and it engulfed the prior candle, and this was right as the broader market was starting to shape up. After that big accumulation week on the 30-week it had another strong week where buyers stepped in and then it paused again very quietly. The week I actually bought it, price pulled tight into the lows of the previous quiet week and buyers started stepping in again so it became this very low-risk quiet entry that gave immediate feedback, closing the week strong. After that the market just continued to follow through off the lows and the wind was at our back and HOOD ended up being one of the biggest leaders of the cycle. It went up nine weeks in a row while I held it and it starts to feel weird when something just keeps going that strong, like over 100% in nine weeks. It started going a little vertical into the $100 level and I ended up selling right under $100 as I saw it struggling because I thought it was extended and going to top. It pulled back that week and closed with a big upper wick and it felt like I may have timed the top but then it continued to go up like 60% over the next few weeks before it actually did finally top.