I’m Officially Long $SPCX
Closing my short-term $SpaceX(SPCX)$ long here.
I still believe $170 is absolutely on the table, but at this point I want to see a pullback before adding again. The move has been strong, and I don’t want to chase price after such a sharp run.
I’m already exposed through several other space-sector names, so I’m comfortable taking some short-term risk off the table and waiting for a better setup. If the pullback comes, I’ll be watching closely for another entry. If it never happens and $SPCX continues higher without giving me a chance to get back in, that’s fine too. I’d rather miss an entry than force a trade at the wrong price.
Well done to everyone who traded this move and stayed disciplined.
A lot of people thought we were crazy for buying $SPCX before the lockup. There was plenty of skepticism, but the people who stayed the course are now being rewarded.
I’m officially long $SPCX for the bigger picture.
The short-term position is closed, but my longer-term conviction hasn’t changed.
Sometimes the hardest part of trading is knowing when NOT to chase.
90% of traders fail.
Do the opposite of the 90%.
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- FlyingArrowz·09:42TOPIt can rise $10 by using few hours time and drop $10 by 1 hour time . They will find the next opportunity to short it with the unlocking of the next tranch nex weekLikeReport
- FlyingArrowz·09:45Wishing a stock to fall is easier than wishing it to rise . You make 10 wishes 8 of them will be a falling trends .LikeReport
