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r/wallstreetbets
A nice SPCX order execution
Investor summaryBullish
Author bought SPCX IPO shares at $150, sold half at $162 for a quick profit, and holds the rest with a stop loss.
Bull points
- Successfully bought at the open price of $150, beating the $162 estimate.
- Secured a quick $420 profit by selling half the position just one hour after the open.
Bear points
- The stock opened below the estimated price, indicating initial downward pressure.
Post body
I requested 25 IPO shares from my broker, got 3. Wanted more so placed a buy order of 49 more shares at $150, 2 hours before open (was estimated to $162). The open price fell and opened at exactly $150 which executed my full order.
Then I sold 28 shares at $162 one hour later for a $420 profit. The other half is sitting at 15% profit with a stop loss order at $150. I was probably one of the first if not the first on this platform. The order is even below the chart line (K).
So will walk away with at least $420. Maybe not life changing but I'm happy with nice trades. Good luck!
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