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%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

FlyingArrowz
08-08
FlyingArrowz
It 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 week
FlyingArrowz
08-08
FlyingArrowz
Wishing a stock to fall is easier than wishing it to rise . You make 10 wishes 8 of them will be a falling trends .
Benbenng
08-08 22:50
Benbenng
See the red Candlesticks they are scary part
AuntieAaA
08-09 00:17
AuntieAaA
Good

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The move has been strong, and I don’t want to chase price after such a sharp run.</p>\n<p>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.</p>\n<p>Well done to everyone who traded this move and stayed disciplined.</p>\n<p>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.</p>\n<p>I’m officially long $SPCX for the bigger picture.</p>\n<p class=\"t-img-caption\"><img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/43d875cf6b04b6f4b452801df15caff4\" tg-width=\"2974\" tg-height=\"1452\"><span> </span></p>\n<p>The short-term position is closed, but my longer-term conviction hasn’t changed.</p>\n<p>Sometimes the hardest part of trading is knowing when NOT to chase.</p>\n<p>90% of traders fail.</p>\n<p>Do the opposite of the 90%.</p>\n<p class=\"t-img-caption\"><img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/0e9f85d2ed78adb0baa3c0b6a3487cd7\" tg-width=\"1320\" tg-height=\"1957\"><span> </span></p></body></html>","htmlText":"<html><head></head><body><p>Closing my short-term <a data-mention-id=\"SPCX\" class=\"teditor-mention\" data-mention-name=\"SpaceX\" href=\"https://ttm.financial/S/SPCX\">$SpaceX(SPCX)$</a> long here.</p>\n<p>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.</p>\n<p>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.</p>\n<p>Well done to everyone who traded this move and stayed disciplined.</p>\n<p>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.</p>\n<p>I’m officially long $SPCX for the bigger picture.</p>\n<p class=\"t-img-caption\"><img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/43d875cf6b04b6f4b452801df15caff4\" tg-width=\"2974\" tg-height=\"1452\"><span> </span></p>\n<p>The short-term position is closed, but my longer-term conviction hasn’t changed.</p>\n<p>Sometimes the hardest part of trading is knowing when NOT to chase.</p>\n<p>90% of traders fail.</p>\n<p>Do the opposite of the 90%.</p>\n<p class=\"t-img-caption\"><img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/0e9f85d2ed78adb0baa3c0b6a3487cd7\" tg-width=\"1320\" tg-height=\"1957\"><span> </span></p></body></html>","text":"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. 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