Trade Ideas & Watchlist: Week of May 11th
Below are several trade ideas for your watchlist. Please note I’ve kept these notes brief and actionable so you can quickly identify the key levels as they hit.
Alert management is crucial. I suggest setting alerts on your brokerage platform for the key levels you are watching in advance (not just for these ideas but also more generally it is a good habit)
Furthermore, please ensure you set stop losses when entering any trades. I always recommend a strict stop-loss strategy to manage risk; this could be 1 ATR, a violation of prior support (such as a horizontal level or key MA), or simply the daily low. The post below goes into more detail; be sure to give it a read.
As always, this is not financial advice and I may or may not hold positions in these names; however, I do provide live updates in the respective channels as always (Trades on Discord only, Investment Accounts on Substack and Discord).
Last week’s post had several strong performers, such as:
RKLB: 78 to 105
FLY: 31 to 40
ORCL: 165 to 196
CIFR: 17 to 22
MP: 63 to 75
CRCL: 109 to 122
Trade Ideas plus summary table below:
