Hey yo, what’s up everybody? What’s going on folks? Welcome to the True Training Group live stream. How we all doing? You’re probably doing really well today, unless you’re a Spurs fan, which I am not. So, luckily for me, I’m doing well. That’s my dig and my shout out to all my New York Knicks fans out there. I’ve never seen a New York Knicks championship in my lifetime. And I am really hoping that this is not 2016 because in 2016 the the Cavs were down three games to one and they came back and they won. So I am hoping that the Spurs are not the 2016 not the 2016 Spurs. Yes, Fox that is gonna But there’s a couple of things you can say that too, right? You can also say that about Josh Hart. So like Josh Hart missed the wideopen breakout for the layup, right? Josh Hart missed that. If he doesn’t miss that, then Fox doesn’t even have the opportunity to dribble out the clock. So everyone’s talking about Fox should have should have should have, you know, dribbled out the clock. But that’s only because Hart missed a wideopen layup as well, right? So it’s like there’s always going to be like the one play that you can go back and forth and back and forth. It doesn’t matter. We’re not here to talk about the Knicks. We’re not here to talk about the Knicks. We’re here to talk about SpaceX. I’m sorry. I can’t help it, right? I can’t help it. I There’s two things I’ll always talk about and that’s stocks and sports. And it was just an unbelievable game last night. The roller coaster of emotions. But again, we’re not here to talk about the Knicks. We’re here to talk about SpaceX. And the same can be true about the roller coaster of emotions from yesterday, but the roller coaster of emotions that we are going to experience tomorrow for what is an earthshattering, unprecedented, truly historic IPO. Tomorrow’s IPO is going to be historic for many reasons. I’m going to explain those reasons to you. And I’m also going to go over with you guys here on this live stream what I’m going to do with SpaceX. How am I going to trade SpaceX tomorrow? I’m going to explain to you. And then what am I doing with SpaceX as far as my long-term portfolio? I’m going to also explain that to you. So, this live stream today is not as much about, hey, what do we think about the market? What do we think about tomorrow? I mean, I’ll still go over that stuff with you guys and I’ll probably hang out with you guys here for maybe an hour or so and go over, you know, what happened in the markets today. Obviously, we got big news there that came across in the the middle of the day today that caused the markets to rally into the close. You know, big green day, almost 2% day on the S&P. Big green day for the NASDAQ, the Dow, the Russell, just kind of green across the board. So, we’ll talk about that as well and what we think where the market goes from here. Uh, but obviously some big news today. And we’ll we’ll talk about that, but I really want to focus on on mostly the SpaceX IPO and explain to you guys why this is truly historic and what I think about um what we’re going to see. So, if you guys are new to the channel, I welcome you. My name is Michael Edward Paranotic by Michael Edward of the co-founder and head trader of True Trading Group. We are a fintech platform that is designed to help you guys learn faster, trade smarter, and profit sooner. We have a TG terminal that we call it which is a suite of trading tools that allows our members to have data resources, analytics and tools that can help them make better decisions that increases their profitability, increases their consistency and their accuracy. Um, we are not just a chat room with courses and trade alerts, although we have all of those things. There’s myself and seven other pro traders that share their screens with you live during the day, answer questions, provide their commentary, analysis, and all of their trade alerts. Um, so all those things are there. All those things are true for those of you that are looking for that. But TG is not just about that. TG is about the tools. We’ve received the Benzinga Fintech award for best AI analysis tool. Mari is the name of our AI system and we have partnerships and agreements directly with the NASDAQ. Um, we work closely obviously with OpenAI, um, Unusual Wales, DataBento, and a handful of other companies as well that are kind of the backbone of what makes the TG platform possible. So, I want to give a big shout out to all of our partners over there at those companies that work very closely with TTG to help us build out these tools and these systems that allow our members to make money. And at the end of the day, that’s what we all here for, right? We’re here to make money, right? We’re not here to talk about the nicks. We’re here to make money. And that’s exactly what we do here at True Trading Group. Okay, there you go. El Poppy says, “Holy grail with level three is a complete game changer.” Absolutely. Here’s the deal. Members of True Trading Group that are actually on this live stream. If you guys are members, go ahead and just type the number one in chat if you guys are making money with this platform. Like, as a member of TTG, if you guys are making money, you’re becoming a better trader, go ahead and type the number one inside chat right now. If you’re not a member, pay close attention how many people you see type in chat
because all these people are your these are your peers, right? These are your friends, family members, co-workers. If these people are sitting here telling you that they’re making money, there’s no reason why you can’t. They’re not luckier than you, right? They don’t have more time than you. 82% of our members have a full-time job. So, if they can do this, then so can you. They literally are you. Or I should say they were you. They were just a viewer on a live stream. they decided to join the community, use the tools, follow the mods, and now all of a sudden they’re sitting here telling you they’re actually making money from doing this. At the end of the day, like I said, that’s the goal. Okay, so that’s a shout out there. All best decision I’ve made, says Mr. Node of Truth. You certainly do know the truth. Says, best decision that I have ever made. I’d love to hear that. That is music to my ears. I love that very much. So, what do you guys want to do? You guys want to talk about the market first or you want to talk about SpaceX first?
Yes, my boy Abdul goes, “I just purchased the Holy Grail yesterday. What a gamecher.” Let me here, let me actually just talk about the Holy Grail just real quick. Some of you maybe have no idea what this thing is. The Holy Grail is one of our tools. I don’t know, Brett, if you have it, you can even pull it up. Just give us give an example of it. Yeah. Yeah, pull it up, Brett. Let’s pull it up. Uh do the spy, uh do equity, do day trade. And what we’ll do, I just want to show you guys this tool real quick just so you can see how it works and then we’re gonna we’re going to jump right in. Okay, we’ll jump right in to the market and to SpaceX. This is one of the tools that’s part of the TG terminal. This is a trade plan generator. We call it the holy grail. Essentially, you type in what do you want to trade? A stock, an option, a crypto, or a futures contract. Then you type in the ticker symbol of said security. Then you put in your account size, how much money you want to risk, and what style of trade you are looking for. You can do a scalp, you can do a day trade, you can do a swing trade, you can do a long-term investment. You select that, you click run analysis. You wait about 90 seconds. This is an actual algorithm. Okay? This is an actual algorithm that is based on my trading style, rule sets, and inputs. 80% of it is something is what’s called the deterministic. Deterministic means there’s actual rules-based strategy and algorithm behind it. 20% of it is AI’s interpretation of data. This is not AI that’s making a prediction. This is an actual algorithm. 80% of it rules-based, 20% of it AI interpretation. Um, and after about 90 seconds or so, you’re going to get generated for you a complete detailed trading plan with an entry, a stop-loss, and multiple profit targets. It’s also going to give you a confidence score. Obviously, the higher the confidence score, the higher the system, the quality of the setup that the system is giving you. So, here’s the report. So, that’s how long it took. You guys can go through. It gives you an a summary at the very top, but there’s a very detailed report that follows underneath. I always recommend that people read it. There’s a multi- aent breakdown. There’s a technical agent that does technical analysis. There’s a macro agent that analyzes news and economic data. And then there’s a risk agent that its job is to literally help control your risk on the trade. As you scroll down, it gives you your entry. It gives you your stop-loss. It gives you your profit targets. And it gives you probability of particular things happening. It gives you price action to look forward to pull the trigger. It gives you price action to look forward to invalidate the trade setup to avoid taking it. And you guys can go through and you can read all these. And this right now, members of Crew Trading Group have generated a little bit less than 500,000 trading plans since we have launched this tool. And the accuracy on that on this tool is just over 70%. After about just under 500,000 trading plans generated. Truly unbelievable. It’s amazing. It’s something that our members absolutely love. So that’s why when you just saw that other member that was like, I just got the holy grail uh yesterday. a complete game changer. If you are someone that has a hard time putting together a plan, you don’t know when to get in, you don’t know where to get out, this is a massive, massive game changer for you guys and this is something that all of our members uh are using and that they are just crushing it with. So this is just one of the tools. So just want to show you just one example of what you guys get access to when you become part of the TD community, become part of the TD family. Okay, so that’s just one of them. All right. Now, with that being said, if there’s anyone that’s on this live stream, if you guys are not a member of TTG and you want to try out some of these tools, I let you guys try it out. I think that this is a kind of I don’t want this to just be like a trust me, bro. We have a 90-day trial where we let people come in and try out all of our tools to help them make money and become better traders and and really implement our tools and our our entire system into their trading and make money. make money on a trial with us and then we’ll talk about like a long-term commitment for like a year membership because we have an annual membership of True Trading Group. So, you you sign up, you become a member for a full year. Um, but before you want to talk about obviously a larger payment for the for the membership, if you want before you talk about a year-long commitment, you guys can join us for just 90 days for just 90 bucks. It’s a dollar a day for three months. And that’s our opportunity for us for you guys to come in, use the platform, completely unrestricted. You guys can um use the tools, the holy grail being one of them. You guys can use that as well to actually implement your trading and make money with us and then we’ll talk about you becoming an annual member, right? This is kind of our way of of putting our money where our mouth is, put up our shut up, you know, prove it. You guys can come in, make money first and then become an annual member rather than the other way around. So less commitment from you guys and all of the trust and all of the confidence in us that our platform, our tools are going to help you improve your trading statistics. And that’s why we have a 75% retention rate amongst our members. So when people join True Trending Group, they stay at a clip of around 75%. 5,000 of our members have actually decided to upgrade to become lifetime members of the community. Obviously, those people are not going to stay here if they’re not making money. Right? So you guys can go to trueradinggroup.com990.
Again, that is trueradinggroup.com990.
Okay? And you guys can sign up for a 90-day member. Here you go. There’s a member right there. Yo, Rhyno, what’s up? Rhino goes, yo, Mike, Adam and the teach fam. Use the holy grail for a few months. Very accurate. Helps solidify your trading thesis. Boom. There’s another member right there. Great, helpful community learning daily, says Prospector. So, you can go to trueterrendinggroup.com990
and you guys can use these tools, get complete, unrestricted access to the platform. All right. If you have any questions, just text us 1888-621-2127. The phone number is at the bottom of your screen. Again, it’s 1888-621-2127.
Text that number if you have any questions, if you need help, okay? If you need questions or if you have questions, if you need help,
right? Whatever it is, you need clarity on something, you have a question about something, just text us. We’ll answer anything that you guys need to know. We’re fully transparent. We are an open book. All right? So, go ahead, check it out. Yeah. You know, I just sent your link out to more friends. I’m always referring TTG to friends and family. That’s how you know that the platform works, right? Like when members are referring friends and family members to join True Trading Group, that’s how you know that they’re doing well. Like, would you refer your cousin or your sister or your uncle or your mom to True Trading Group if you were just losing a boatload of money? Of course not. Unless you hate your relatives, right? Like how many people, quick show of hands, type the number one in chat right now. If you guys have ever referred somebody to True Trading Group, like you’ve told your friend, you told a co-orker, you told a relative, you told somebody, “Hey, hey, you should check out True Trading Group.” Type the number one. If you ever recommended True Trading Group to anybody before, again, if you’re not a member, pay attention how many people you’re about to see, type the number one. You have to think about this. If your friend or your family member came up to you and was like, “Hey, I just I just ate at the best restaurant ever. Oh my god, the best bolognese you’ll ever have in your life. The best bronzino. You got to go. The pistachio gelato is just out of this world. It’s straight from Sicily.” If somebody told you that, wouldn’t you be excited about going and trying that restaurant out? Yes, you would. But if someone you said to someone, “Oh, I’ve been meaning to go to this new restaurant that opened up.” And then your uncle’s like, “Actually, don’t go. the place was terrible. I would never go there again. It was the worst money I ever spent in my life. I threw up on my way out of there. You’re probably not going to go. So, I think there’s no better there’s no better stamp of approval than when your members are actually referring the platform to their friends and family. I really do. I think that means more than anything that I’m going to say to you on a live stream because you don’t know me, right? Especially if you’re new to the channel. Some people have been here for years and you, you know, we know each other a little bit. But if you’re new to this channel, you obviously don’t know me. So you should pay attention mostly to the people that are actually part of the platform, part of the program, and to see what their results actually are, what they have to say about the community. That’s my that’s my two cents. So again, trueing.com990.
You guys can join us for 90 days for just 90 bucks. Full unrestricted access. You can use our tools, you can access the chat, you can communicate, talk to the mods, talk to the members, follow the trades. Whatever it is, you guys can do so. true.com990 or text us 1888-621-2127. Tomorrow is my four-year anniversary with TTG allows me to maintain my retirement income. Join my boy Bert. Happy anniversary, brother. Six years on June 16th. The ambit lady blessed hot mess is going on her fifth year as a member. That is how you know the platform works right there. All right. Beautiful. Let’s take things on over to the charts, folks. Let’s talk about it. Right.
Happy opening day of the World Cup as well. Today’s the first day of the World Cup. I’m going to the Ecuador Germany game, which is going to be fun. No, I am not German. No, I am not Ecuadorian. But that’s the g the game that we’re going to. Um, all right. So, let’s talk about the overall markets first. All right. We’ll talk about the overall markets first and then we’re going to talk about SpaceX. Now, the overall markets today, big green day. Um, it’s been a phenomenal week for us inside of True Trading Group. Uh, big week for us, big trades to the downside. Not today. Um, some of our other moderators though caught the big long today in our futures room. Uni and Colin, our other moderators inside your training group that’s uh that specialize in futures trading nailed the long today. Uh so big shout out to them. I did not trade futures today. Yesterday and the day prior was when I traded futures and it was a great day for us. We had a 200 point uh trade on Tuesday and we had a 100 point trade on S&P futures yesterday. Big big days for us with those two trades. I came on this YouTube channel yesterday and I explained to you, you know, we went over some analysis. Now, obviously, I didn’t know the news that was going to come out today. I couldn’t have factored that into my analysis from yesterday, but I told you guys yesterday that I was looking for us to pierce the prior days lows, get into that 50-day moving average, and then bounce. Okay? And we talked about that. We gave you went over very specific price action and exactly what it was that we were looking for the markets to do. So, we were half right. We did not get the pierce of the prior days low because we got a nice piece of news that came out there at 1:30. And the news that came out there at 1:30 was that it looks like Iran and the United States are um very close. Oh, wow. That’s the Facebook IPO.
They have the Facebook IPO. Um they have footage from the Facebook IPO on CNBC right now. I remember that day vividly. That’s the last. Speaking of SpaceX, that is I’ve never seen an IPO as highly anticipated as a SpaceX IPO in my life and I’ve been doing this for almost 20 years. The only other thing that I can compare it to, which was the previously most highly anticipated IPO that I’ve ever seen, was the Facebook IPO, which was in 2012. Um, and this blows that out of the water in many ways, and we’ll go over that in just a few moments. Uh but we got some news today at around 1:30 or so um that the US and Iran are close to anou. Uh thatouou would would be ending the the military conflict. It would open up the straight of vermoose and it would then begin and set a precedent and begin um negotiations around the nuclear agreement that would take place over a longer period of time. But theou would essentially end the military conflict and open up flow in the straight of Hermoose. And when that news came out, you got a nice big pop and then you got some follow-through later in the day as we started to get a little bit more details um on on the on this agreement and you started to get some follow-through responses from the Qataris um which are actually the mediating party that was responsible for passing theou back and forth. the the Qatari delegation actually went to Tran yesterday and apparently what we know now is that the Qataris received a text version of anou from the Iranians and they brought that to the United States and the United States I guess reviewed and has agreed to the terms of theou and that was the news that was announced there today. So Pakistan has really been the country that’s been mediating mostly back and forth, but it was the Qataris that actually were the ones that were facilitating this particular. I don’t have the details on it. I would have to assume it’s probably similar to the details of theou that we heard about the the first time a few weeks ago. Um but I don’t I don’t know. I don’t have the details of it, but doesn’t matter. Irrelevant. We’ll talk about just the overall markets and then get to SpaceX. So this big move to the upside today takes you back above some key resistance levels. Okay. Now, the key resistance levels that we were focusing on, you had two two main levels that were really the point of focus for us coming into the day today. And they were both they were both broken to the upside. Now, the first level, okay, the first level was 732. Now, if you take a look at my chart, this is a three-minute chart, but you guys can see this is yesterday’s price action. You can see all of that resistance there at 7:32 yesterday. And then previously to that, you had your initial morning low at that 732 area. And as I pan this back, we can take a look even at a couple days from before. You had a nice little pivot spot right there. If you broke beneath it, then resistance, then sold back off to the downside. Then you broke back above it, pulled back in, it became support, and then you bounced. So you had some really nice structure that was around this level here at 732. It’s a minor level, but it’s a level and some pretty decent structure. Then you had this level and this level is about a dollar wide. So from 737 to 738. And as we take a look at this level, this is the level that we just broke above today. Right. Right. Going into the close and pulled back into it. And so far, so far this level is now trying to hold support. I’m not yet convinced that this level that I’m showing you right now is broken, but it is certainly being tested. And as we look back, you can see resistance from yesterday’s high, resistance from the pro, and then resistance from Tuesday’s close. And then you can see once you broke above it, that became resistance here on the 9th. And as you pan back, you can see support here. That’s the close of the day and the lows of the day from Friday. And then here you can also see another little support test right there on Monday. So some really nice structure right here around this 737 738 zone. And that’s the area that we just popped our hit above and now we’re resting back into. So, not quite confirmed on the break. To confirm this break, I think we got to get north of 740. That’s exactly where we stopped today. 740 is the high of the day. So, I just think that, you know, I just think that we, you know, need to get a little bit higher before I would say this level’s confirmed broken. I think the level’s currently being tested. All right. Um, and as far as where we go now from here, your next level of resistance, uh, you know what? Let me go back to the smaller time frame. It might be easier for you guys to see the levels. Um, if I go back and we focus on the the smaller time frame. So, here’s a 15-minute chart. Your next resistance level is going to be around 746, 747. And that’s going to be showing you guys real quickly on the chart. You can see this little double bottom low of the day and the close from uh May 22nd, the day before that, May 21st. There’s your high of the day. So, my mouse has been kind of sticky lately. I got to figure out what’s going on with my mouse. Uh, you broke underneath it on the fifth. Then it became resistance. Then it became resistance on the eighth high of the day. And then it became resistance high of the day there on Wednesday. That was actually the level that we took the short at on Wednesday. If you guys were on my live stream last week, I I laid this trade out for you guys on Sunday night. I told you guys that I’m shorting bounces into the mid740s and looking for us the markets to go down back to the low 730s. Well, we went all the way down to the low 720s. So, I laid that out for you guys there on the live stream on Sunday night. Uh, and that worked out very, very well for us. And then we reloaded that position yesterday right into 738. We actually got short there at the 737 mark and then rolled that over yesterday and we took complete a profit out of that trade. We took final profits off on that yesterday. So, I had no more position today. Um, and then we got this nice little bounce here on the news. But your next resistance level, if we do clear out, and here’s that first level I was showing you around 7 738. If we clear that level out, your next stop is 7:45. So, if we wake up tomorrow morning and you see the spy at like 740 or 741, I would buy the opening pullback and look for a push to 745 if that is what we see tomorrow. If you gap down tomorrow, you have to be mindful of that resistance level not being broken. And I would say you probably get a little bit of a pause or a little bit of a pause and a hesitation day. But I feel like if you ask me, Mike, pick one. I feel like we’re going to get more upside here going into tomorrow. And then we’re going to get into we’re going to test this 745 area. That’s what I think we’re going to see tomorrow. But we’ll have to wait and see what happens the overnight session. If the overnight session we don’t trade higher and you do not get a gap up tomorrow, then I’ll be very cautious of continuing on with the long. If the market’s like if we opened up down here around 7:36 or so, like you wake up tomorrow and the market is sitting around here. I think it’s a little bit of a tougher play. I would say I would have low conviction on the trade at that time. And I would probably still tell you to look for shorts into 738 739 and look for a fade off of the 9 EMA. 9 EMA is this teal blue line that you guys see on my screen. So that’s going to come into play down here in the high 730s. So I would look for that to be resistance and a little bit of a fade off of that. But that’s only if you gap down tomorrow. All right. So just a little bit of a just a little bit of insight there, a little bit of analysis on the overall market for those that trade spy options or if you trade futures. Okay. All right. Now, the moment we’ve all been waiting for, and I can’t even pull up a chart because there isn’t one yet.
There isn’t one yet. There’s no chart of SpaceX yet. So, I’m just I got to leave this blank screen up here. I can’t wait for tomorrow. Tomorrow is going to be a truly historic IPO in many ways. Um, and I’ll start explaining that to you. This is the largest IPO in history. Okay. SpaceX is going public at a 1.75 1.77 trillion dollar valuation. It’s the largest market cap valuation, okay, that we’ve had go public, raising $75 billion. That is by far the largest, okay, that is by far the largest IPO ever. The largest IPO prior to that was um Saudi Aramco, Saudi’s oil company, and that was 29 or 28 billion, 28 or 29, I forgot, but it was the high 20s. SpaceX is raising 75 billion. Truly unprecedented. The other thing that’s crazy about this IPO is that it’s attracted $70 billion in retail investor demand. That is by far the greatest amount of retail demand ever. It is so high that SpaceX could almost fill its entire IPO allocation with retail.
That’s insane. That has never happened before. No, they’re not right. They’re not allocating all of it to retail. They are allocating some of it to retail, but you’ve never had an IPO before where the retail demand on the IPO was enough to fill the entire IPO’s allocation. Another first, it’s also truly historic. Why? because the NASDAQ has changed their rules for listing and and being included into the NASDAQ 100. Not listing, but being included into the NASDAQ 100. It used to you used to not be allowed into the NASDAQ 100 for several months. You used to have to have a certain percentage of the float issued at the IPO. The NASDAQ has changed those rules to allow for a fasttrack entry on SpaceX into the NASDAQ 100 that is now only going to be 15 days. Now, usually when you have these inclusions into an index, it happens many, many months, sometimes years after a company goes public. Why does that matter? There are a lot of funds and ETFs out there that track the indexes. For example, the NASDAQ 100 you all know as the QQQ, right? But there’s several others. You have the QQQM, which is the NASDAQ 100. The QQQ is your NASDAQ. And there’s several others that are like this, right? These will need to buy SpaceX.
and SpaceX when they go public they will be the seventh largest market cap in the NASDAQ 100. So you instantly are talking about a very heavily weighted position. This is not a stock that sits at number 94. This is a stock that’s going to sit at number seven. the larger the market cap, the larger the the percentage of the assets under management that would be allocated to the position in order for the ETF or the fund to track the actual index. So, this is going to be a lot of buying that’s going to be coming from these. Now that’s different because usually an IPO goes through its initial the hype and the speculation around the and the excitement around the IPO fades after a few weeks. Okay. The company is able to issue several earnings reports. The stock moves on those earnings reports and the stock goes through over time what’s called price discovery. And after a stock has gone through true price discovery and has found a an honest and and tested market multiple and fair market valuation and then it gets added to an index. Then the indexes step in and then begin to buy. That is also taking place after the initial lockups from the earlier investors that were held that had lock that had lockups and restrictions from selling on the IPO. they’re long gone and done with and have sold and that stock has come into the open market and has you know come in and delivered the market through the selling of those shares and all of that has already typically happened when these indexes step in to buy because SpaceX is being fasttracked with 15 days to the NASDAQ 100. you are going to have a situation where the funds and the ETFs that track and are benchmarked to the NASDAQ 100 are going to have to buy SpaceX prior to all these lockups coming free prior to the initial hype and and anticipation of the IPO, excuse me, prior to the initial hype and speculation and excitement around the IPO fading. prior to the company releasing a handful of earnings reports, prior to the stock going through true price discovery and it finding fair market valuation.
I don’t ever remember an instance when that was the case.
So, there’s a lot of things that are happening with this IPO that have never happened before. So, a lot of people that go out there and tell you, “Oh, this is what’s going to happen with the SpaceX IPO.” They don’t actually know. Everyone is giving you their thoughts like I don’t actually know what’s going to happen with the SpaceX IPO, but I’m going to give you my trading plan because I’m going to look to trade SpaceX tomorrow in my trading account, which is I trade through Lightseed and but my long-term portfolio, I am not touching SpaceX. I am not touching SpaceX at a $ 1.75 trillion valuation. Although I do believe that SpaceX is going to go higher initially off of the IPO, which is why I’m going to trade it, but I’m not going to buy it in my long-term portfolio for probably a very long time. I have a rule for myself when it comes to long-term investments and IPOs. I typically do not ever buy an IPO in my long-term portfolio ever. I always wait for the company to report a few earnings. I allow the hype and the anticipation from the IPO to fade. I allow the earnings reports to make the stock either gap up, gap down, and find a true baseline area of demand, what is called price discovery. And then I will say, okay, I like what I’m seeing from earnings. I like what I’m seeing from the chart with the demand zones and whatever it is. And then I’ll start to build a position in a company for the long haul. Like Palunteer was a really good example. Palanteer is a company that I have a very nice position on in my long-term portfolio, but I didn’t put that stock in my long-term portfolio for several years after it went public. Palanteer went public back here in 2020. I didn’t buy this in my long-term portfolio until 2023 was my first purchase was at $21 in 2023. Okay, that’s a really good example of what I’m talking about about the initial hype and the excitement of an IPO fading and going through true price because when you can see what happens on the Palunteer IPO, the stock went absolutely bonkers, right? For the first couple of months, the stock went completely crazy. But then over the course of the next year, you just basically traded sideways and then you actually had a nice, you know, sizable large pullback. The entire market pulled back at that time and then the stock traded sideways for another year, right? Then the stock traded sideways for another year and then the stock got a nice little boost here in 2023 and then I’ll never forget it. The company came out with earnings. Um, the company came out with earnings. You know what? I’m sorry. I’m sorry. 2024 is when I bought Palunteer. I’m sorry. I think I just said 2023. 2024 was when I first bought Palanteer on my long-term portfolio and it was after their February Yeah, it was it was their February earnings report. So, they were reporting Q4 2023 earning. That’s why I was saying it was their Q4 2023 earnings report. It was this gap up. And the reason why I did that was because I always felt with Palanteer, I’m like, Palanteer, great company, but I want them to get to a point where they focus more on their commercial business rather than just the government contract business because I felt like that’s where a lot of the growth was. And I’ll never forget the earnings call in the announcement from Alex Karp on that report and he really, really, really focused very heavily on the commercial side. He talked about the growth that they experienced in the commercial side and his commitment, his dedication to really expand that business. And that’s when I bought it. And you can see what happened to Palanteer in the months and years that obviously followed. The stock went apeshit, right? So it takes I I wait and I think SpaceX probably does something very similar to Palanteer where the stock IPOs and then the stock pops. I think it runs, think it goes crazy, but then I think that stock comes back down to earth, no pun intended. I do think the stock then comes back down after the initial hype and excitement phase. I want to see a couple earnings reports come through. I’m not paying, you know, a $ 1.75 trillion valuation on a company that has negative four and a half billion in net income and 18.7 billion in revenue last year. Now, yes, those numbers are anticipated to be significantly better and higher this year. But is it worth a $2 trillion market cap? I think no. For for context, Meta has a $ 1.5 trillion market cap. Lower now because the stocks traded lower the last couple of days. Probably a 1.4 1.4. 45 trillion market cap. Meta in 2025 did $21 billion in revenue. SpaceX has a $ 1.75 trillion valuation. They’ve done they did 18.7 billion in revenue. In 2025, SpaceX has negative4.5 or negative4.9 uh billion in net income. Facebook has positive 61 billion in net income. Okay. So when you look at that type of those type of financials and the balance sheets that you’re dealing with, there’s so much speculation on SpaceX and that’s where the majority of that valuation comes from. It doesn’t come from margins. It doesn’t come from sales. It doesn’t come from earnings. It doesn’t come from cash flow. It comes from speculation and the excitement around what this company is going to be able to do if they start putting data centers in space. if they start, you know, and the the I think just the excitement around space in general, what all the applications can be with space in general. There’s just so much excitement around it. And then obviously you have the Elon Musk premium that gets put on top of it. And everyone’s really excited about it. It’s not something I’m going to put in my long-term portfolio for quite a while. But I promise you over the course of the next two to three years, I’m going to build a very large position in SpaceX. I am very, very bullish on the space industry as a whole over the next 20 years. I am only 41, so I can have a 20-year time horizon, a 25-y year time horizon. Um, if I was someone that was 75 years old, I probably would not be putting a large amount of money into SpaceX. Um, I think there would be other places to to put your money that are a lot less speculative, that’ll be a lot less volatile, um, and would be much safer. But I am very bullish on it long term. I’m just not buying it in my long-term portfolio out of the IPO gate. And those are the reasons why. So that’s that. When it comes to my plan tomorrow to actually trade the IPO itself, I’m going to be relying very very heavily on our our AI trading tools, specifically our AI charting system with level three data. Let me explain to you why. If you don’t know what level three data is, we have a data partnership agreement directly with the NASDAQ. Level three is a data feed that comes directly from the exchange that actually allows us to determine the difference between an institutional order and a retail order. It also allows us to identify what is called an iceberg order. An iceberg order, in case you don’t know what that is, is exactly what it sounds like. It’s an order that shows you a little bit of size, but there’s a massive position behind it. Right? Just like an iceberg, you see the tip of it, the whole iceberg is really underneath the ocean um surface, and you can’t see it. That’s the same concept with an iceberg order. You can see someone on the spy, for example, could have an order and it says 100 shares, but really it’s an institution that is trying to sell 5,000 shares. That is an iceberg order. There’s 5,000 shares for sale, but it’s only showing 100 on level two. So level three gives you insight into the true size of the orders that you see on level two. Because on level two, if you’ve ever seen on level two, a market maker, Edex or a NASDAQ market maker or Arca or BAT is showing a 100 shares and all of a sudden somebody pays it, hits the hits the ask for 300 shares, but it’s still sitting there showing 100. And you’re like, well, that’s weird. I thought there’s only 100 shares there. And then somebody hits it for 500 and it’s still sitting there. And you go, that’s weird. It’s 800 shares have gone off, but the level two says only 100 shares. That’s an iceberg order. Wouldn’t you like to know how many shares are actually sitting there? Level three gives us that insight. And because the allocation with the SpaceX IPO is a little bit different, Elon Musk has allocated a a much larger portion of the IPO to retail than what you typically see in other IPOs. So what I am curious to see is are there institutions that maybe did not get the allocation that they wanted in the IPO and are forced to have to go and buy that the rest of that in the open market. I also want to know if funds like the QQQ or QQQM or any other index or ETF that tracks okay well those funds wouldn’t buy it ahead of time because they actually have to be pegged to the the waiting of the current they can’t they’re not going to get in front of that but there’s other funds and other fund managers that are that are benchmarked and pegged to it and I want to know if they are going to frontr run the NASDAQ 100 inclusion for SpaceX because if they’re going to frontr run it then you could see inst institutions stepping in and buying aggressively SpaceX prior to the QQQ and these other um these other ETFs that would they would then step in and have to buy and they’d have to buy in a certain amount that would be the waiting of the number seven ranked market cap in the NASDAQ 100. So I’m going to use level three in order to look for very large institutional iceberg buy orders. If I see lots of clusters of institutional buy orders and iceberg orders, I’m going to go after that thing for the long. I think there’s going to be so much hype and so much excitement behind this thing from just retail alone that it’s going to drive the price of the stock higher off the open. I think you’re going to have something similar to like a Rivian. You guys remember when Rivian went public?
Okay, let’s go back to when Rivian went public. I think you’re going to get something that looks something similar to this. Okay. So, see when Ribbon went public, it opened up and the stock absolutely exploded in the first few days, right? Absolutely exploded and then all that hype faded, right? All that hype faded. I think you’re going to see something similar to this. I’m not sure how many days it’s going to move higher, but I do think the opening of SpaceX, I think the first couple of days, I think that stock’s going to move higher. I think you’re going to see Elon Musk become the world’s first trillionaire. Um, I think he’ll surpass the $1 trillion mark over the course of the next couple of days to a week or two, whatever it is. And then I think SpaceX pulls back in and then I think you’ll see Elon Musk’s total net worth fall back under a1 trillion dollar net worth. Okay. So, uh, Rockman, you must have you must have just signed on. I Rockman, I just went through like a 20 minute explanation about the long-term portfolio for SpaceX. So, I’ll keep it real I’ll keep it real short and simple for you. Um, I’m not buying SpaceX in my long-term portfolio tomorrow, but over the course of the next two two years, I’m going to accumulate a large position on SpaceX, but only after the initial hype and excitement and speculation around the IPO settles down and only after the company is able to report a handful of different earnings um, and really get some financials, let the stock go through some price discovery. Okay. Um, so that’s what I’m going to do. Doesn’t mean that’s what you guys have to do, but I’m not buying it in my long-term portfolio tomorrow, but I’m going to trade it. All right. I’m going to look for right off the opening print, like as soon as it starts trading that there’s a quick pullback as soon as it starts trading. I’m just going to look for a floor to get established and look for, you know, because it’s pretty easy to see, you know, institutional buying pressure off of an IPO because there’s not a lot of activity there. There’s been no trading activity prior. So, it’s easier to spot where your true buyers and sellers really are. Um, because typically the levels hold almost to the penny. Like, it’s not often that you see the low of the day be 125.00, right? But a lot of times on IPOs, you will get whole numbers that are tested as the low of the day. Okay. Um, so it’s it’s easier to see them. Any idea the expected price per share at the open? No. 57 Chev. I have no idea. The IPO was 135. I have absolutely no idea where it’s going to uh I have absolutely no idea where it’s going to open up. There’s there’s really no way for me to really know that. Um, we’ll just have to wait and see what happens there tomorrow. Um, but the IPO allocation is 135 and I have to imagine it’s not going to open at 135. Um, do I think Tesla would go up because of it? I I honestly that’s a really tough question because it shouldn’t. Like it really shouldn’t go up because Tesla really doesn’t have anything to do with SpaceX. It should not, but it’s possible that you can just see that a sympathy play just because of Elon Musk. Uh, I don’t think it would make a whole lot of sense. I’m not going to look for a sympathy play on Tesla. Like I’m not going to place a trade on Tesla because of what SpaceX is doing. I don’t think it’s it’s there’s no way you can make that correlation tomorrow because you don’t know if that correlation exists. You know, correlation trading is a is a very specific type of strategy, but you need to make sure that the correlation exists. So like something that I was doing back in March, in March when the when the Iran war first started, there was a direct inverse correlation between the US stock market and the price of oil. So I used to go through and we would have all these news headlines coming out during the day. So what I used to do back in March, I would let’s say I would go short oil and I would go short the market because they are inversely correlated. So when one goes down, the other goes up. So, if I’m short oil and a positive news headline comes out, oil drops, the equity market pops, I get stopped out with a hard stop loss on the equity position or on the futures short. I get stopped out on that and then boom, the oil position drops and then I take profits off on the oil position. And obviously, because of the stop-loss, you lose a lot less on the position that you were on the opposite side of and you make a lot more on the position that you were right on. So, I used to put trades like that on in March and it worked very very very very well for us. Um, but that’s because we were aware of a very direct inverse correlation. You don’t know if there’s a direct positive correlation between SpaceX and Tesla yet. So, it’s dangerous for you to place a trade on Tesla based on what SpaceX is doing without knowing if the two are correlated. It’s like micro strategy and Bitcoin. There’s a direct correlation between Micro Strategy and Bitcoin. As Bitcoin goes up, Micro Strategy goes up. As Bitcoin goes down, Micro Strategy goes down. So, one thing that you can do if you had, let’s say, a short position on Micro Strategy, you can have a long position on Bitcoin and that’s how you you hedge yourself because of there because there’s a correlation. But you can only do that once you know that there’s a correlation. So, I would not do that tomorrow. That’s something you want to look at next week. then maybe next week. That’s a trade you can put on after we see if there is in fact a correlation.
The other thing that is is a first time that is historic about this IPO is ProShares. ProShares is the world’s largest um provider of leveraged ETFs. They announced through a press release the other day that they will be launching a two times levered SpaceX ETF tomorrow, the exact same day as the IPO. I’ve never seen that before. I’ve never seen a leveraged ETF begin trading the exact same day that a company goes public. So tomorrow you can either trade SPCX which is actually SpaceX or you can trade SPCF. F as in Frank that is going to be a two times leverage ETF.
It is probably not going to be optionable tomorrow but I would assume Monday it’s going to be optionable but I am not sure. Okay. I would assume Monday it’s optionable, but I am not sure. Maybe tomorrow. I have no idea. It would be the first time I would ever see options trade the day of an IPO. I’ve never seen that before. But we’ve also never seen a lot of these things that are happening with the SpaceX IPO. Truly is a historic unprecedented IPO for a lot many for more ways than one. Okay. So, if you if you don’t want to trade the $135 price point, look at SPCF. If you’re someone that wants to trade options and it’s not optionable, I would look at the SPCF.
All right, so there you guys have it. I’m looking for the long on SpaceX. I’m looking to buy, you know, an opening print pullback. Um, I’m not going to just go long right off the first trade. I’m going to wait a little bit. I’m going to try to use my level three data to to see if we are actually getting some of that institutional buying pressure. But the second I see that the second I see those institutional buys come in, the second I see those iceberg orders, I’m going after it and I’m going to I’m going to go after SpaceX pretty aggressively and see if we can catch a nice run on day one and eventually day two, day three. I think it continues to run would I think regardless of how the stock trades tomorrow like even if it pulls back tomorrow I think Monday it it trades higher.
We’ll see. I I could be totally wrong.
We’ll see. Nobody really knows what this thing is going to do. Everyone’s taking their best guess. But I’m not going to sit here and just kind of guess what I think SpaceX is going to do. I’m really going to use the tools and the data that are at my disposal through the TC terminal through our AI charting system with our level three data from the NASDAQ to identify institutional buy pressure. And the second that I see that I’m going after it long. That’s the best analysis that I can give you. Now, if you’re not a member of True Trading Group, then you’re not going to be able to do any of those things. Um, if you are a member of Pure Trading Group, obviously I’ll be with you guys trading live as we always do inside of chat and we’ll be going over all the level three data um, and everything. And when I see that type of stuff, you guys will know. Obviously, those of you that are using that yourselves, but I’ll also be talking you guys through what I’m seeing on the level three data and with the with the AI charting system to go after and to make those trades. Okay. Yes, you don’t see SPCF yet because it’s not it’s not trading yet. It’s not a thing yet. It’s not listed yet. You’ll see it tomorrow. So, tomorrow Lucen, you’ll see SPCF. Okay. It’s going to start trading. It’s they’re launching it. They’re launching it tomorrow.
All right. So, guys, that that just about wraps up. Does anybody have any questions for me about SpaceX? Anything that I did not touch on? Anything that you guys are unsure about?
Any questions before we go? I know this is a really big really big deal for us obviously tomorrow.
No questions.
Now’s the time if you guys have questions.
All right. If not, otherwise we can go through. I’ll see you guys tomorrow. Like I said, I will be trading it live tomorrow. Oh, I got to sneeze.
No, Mr. Know the truth. I I’m going to trade I’m going to trade SpaceX. I’m I’m not trading the the ETF, the levered ETF. I’m I’m just going to trade SpaceX.
I’m just trading SpaceX
just because I don’t know what the I mean, it’s probably going to be through the roof. the liquidity is probably going to be honestly I don’t know I I’ll have to see I’ll have to see how how the things are trading. I’ll have to see how the things are trading but I have to imagine the liquidity on SpaceX and SPCF are going to be through the roof. I have to imagine the volume you are going to see this thing trade I think is going to be absolutely insane. Will this affect the cues? It shouldn’t. Um, I think because it’s not in the NASDAQ 100 yet, but I think it’s going to have an impact on sentiment. If the SpaceX IPO gets absolutely destroyed, I do think that that’s going to put pressure on the equity markets because I think that’s going to make people feel like anthropic will get destroyed, open a get destroyed. I think it will say a lot about what the current market’s risk appetite is and I think you would probably start to see equities and tech pull back if SpaceX was to get destroyed.
Okay. So, I would expect the cues to pull in. Yeah, I guess I should Yeah, I guess I should take back when I said it shouldn’t because it’s not in the NASDAQ 100 yet. But I think from a sentiment standpoint, it will. I think if SpaceX just has a banger of a day, I think it’s just going to be risk on. Everyone’s going to feel great and market’s going to move higher. But if it gets if it gets slaughtered, I think people are going to be like, “Oh crap.” And I think you might see maybe that might, you know, hinder the the market’s rally a little bit.
Should I have not done a preo? Um, no. I’m afraid I mean, you’re you’re probably going to make money on it. You’ll probably make money on it. Um, it’s just a matter of whether or not you you are restricted from from selling it. Um, if you’re restricted from selling it, it just it just depends on, you know, what you’re how long you’d have to hold it. I I I do think I I do think that it’s going to run in the beginning, but I do event in the in the short term though, I do expect it to pull back at some point. Um whether that’s a couple of days or that’s within a month or two, I don’t know, you know, I’m not I I I don’t predict the future, right? Like I I I identify probability and I can talk to you through my experiences, but this this IPO is truly the first of its kind. So, no one’s ever seen an IPO like this before. Um it truly is a first of its kind. So, you know, I’m not I’m not going to sit here and try to pretend like I can predict how this is going to go. I can just give you what my thoughts are and what I’m going to be looking for and and how I’m going to trade it rather than tell you, okay, SpaceX is going to open at 160. It’s going to shoot to 210 and it’s going to go to 250 by next week and then it’s going to pull back to 200 and then it’s going to be another long. It’s going to go up to 300 over the course of the next two months and then after two months it’s going to pull all the way back down to 100. like I’m not I can’t sit here and do that, you know. I wish I wish I was good enough to do that. Um but I’m not and and really nobody else nobody else is either. So um but I do think it’s going to move higher um initially and then once the hype and the speculation and the excitement once that fades, I do think you’re going to start to see a pullback. Okay, so that’s it guys. All right, I hope you guys have a wonderful night. If you’re not a member of True Trading Group, I wish you guys the best of luck tomorrow. Um, but if you’re not a member and you want to trade with us tomorrow and you want to use these tools, you can do so. Just sign up for our trial. It’ll get you 90 days of access to the platform. You just have to go to trueradinggroup.com990.
It gives you 90 days of access to the platform for just 90 bucks. It’s a dollar a day. Make money with us and then we’ll talk about an annual membership, right? Forget about the higher price. Forget about the longer term commitment with the year membership. Join us for 90 days. have fun with it. Let’s make some money together. There’s never been a better time for you guys to do the trial because tomorrow is a SpaceX IPO. We’re going to be trading it live. Obviously, I’m going to give you guys breakdown, the full analysis live inside of the platform with all of our members. Join the 11,000 members from 114 different countries. That is the TTG platform. Okay, that’s true.com990. Any questions, text us 1888-621-2127. Have a wonderful rest of your night, folks. I’ll see you guys all tomorrow. Great tech.