🚀 SpaceX – Day 11
What a stock this has been.
Some traders went long.
Some traders went short.
Either way, there has been plenty of liquidity for traders willing to step in and take a shot.
After an explosive IPO run, SpaceX has now pulled back nearly 30% from last week's highs as traders lock in profits and the market digests the excitement. The stock remains one of the most actively traded names on the Nasdaq, with heavy options activity and strong retail interest.
So where do the market makers take it next?
Personally, I'm watching from the sidelines and waiting for the next high-probability setup. I'm not looking for a home run. A solid double or triple is more than enough if the market gives it to me.
The early hype is cooling off, but volatility remains high. With such a small public float, aggressive options trading, and continued retail participation, I wouldn't be surprised to see more sharp moves in both directions.
For now, patience pays.
Let the crowd chase.
Let the emotions settle.
Then strike when the odds are in your favor.
What are your thoughts on SpaceX so far?
My view: after a move this large in its first two weeks, the easier money has probably already been made. The next phase is often where traders get chopped up. If I were trading it, I'd focus on liquidity levels, failed breakouts, and retracements rather than chasing momentum. The stock is attracting massive retail and options activity, which usually means larger swings and more opportunities for disciplined traders.
Bullish? Bearish? Or just waiting for the next setup?
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🚀 SpaceX – Day 11
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