$SPCX Did you follow Beichen’s trading plan for everyone this afternoon?
After SPCX’s sharp rise yesterday, it wasn’t a good idea to blindly go long. Instead, watch for shorting opportunities on a rebound. It peaked at 164 in the short term, then fell all the way back to a low of 158.2. It’s now around 159, and selling pressure in the short term is more immediate than expected.
The key point isn’t how many points it has fallen. After the second push higher, buyers failed to keep stepping in, and the 160 level didn’t hold. That suggests short-term traders are taking profits. Tesla’s earnings report tonight remains a key variable, but don’t treat it as a guarantee of a one-way move. Good news can still trigger profit-taking, and bad news may already be priced in.
Beichen’s personal recommendation: take partial profits on your short position to lock in gains, then hold the rest. Add to the position if there’s a rebound, but don’t hold on no matter what. If the price makes a strong recovery above 163, that could signal the short-term trend is turning bullish again.
Remember, this afternoon’s advice was not to chase longs at elevated levels. The market has now pulled back, but that doesn’t mean it will only go down from here. Volatility could pick up on earnings night, so don’t stubbornly hold a large position just because you got the direction right. If you can wait for a rebound to enter at a more favorable level, don’t chase trades when sentiment is at its worst.
#股票财报季 #spcx
After SPCX’s sharp rise yesterday, it wasn’t a good idea to blindly go long. Instead, watch for shorting opportunities on a rebound. It peaked at 164 in the short term, then fell all the way back to a low of 158.2. It’s now around 159, and selling pressure in the short term is more immediate than expected.
The key point isn’t how many points it has fallen. After the second push higher, buyers failed to keep stepping in, and the 160 level didn’t hold. That suggests short-term traders are taking profits. Tesla’s earnings report tonight remains a key variable, but don’t treat it as a guarantee of a one-way move. Good news can still trigger profit-taking, and bad news may already be priced in.
Beichen’s personal recommendation: take partial profits on your short position to lock in gains, then hold the rest. Add to the position if there’s a rebound, but don’t hold on no matter what. If the price makes a strong recovery above 163, that could signal the short-term trend is turning bullish again.
Remember, this afternoon’s advice was not to chase longs at elevated levels. The market has now pulled back, but that doesn’t mean it will only go down from here. Volatility could pick up on earnings night, so don’t stubbornly hold a large position just because you got the direction right. If you can wait for a rebound to enter at a more favorable level, don’t chase trades when sentiment is at its worst.
#股票财报季 #spcx