06/17/2026
The highest probability setup when it comes to trading IPOs is a simple one
Buy above the initial IPO high
On the second day of trading SPCX starting to form a bull flag under the IPO high of $176 and when we called it out to the chat, the risk was a mere $4 a share
Since that breakout, the name has rocketing nearly $50 higher at its peak yesterday or 10:1+ risk reward
Very rarely do we see this with IPOs but if anyone could make the biggest IPO blast off its Elon
Now most of the talk is how in 20 years this stock will be worth quadtrillions but when markets are euphoric, people make crazy claims
If you are in SPCX $150 is the last line in the sand, if for when this name eventually rolls over that will be the area to look to get out because once that stabilizing bid gets taken out, the name often gets taken to the woodshed
This same thing even happened with TSLA when it IPO’d
Ride the momentum on the way up but just remember risk management is what keeps you in the game and if it heads towards $150, know when to exit the spaceship 🚀
