Trade Ideas & Watchlist: Week of June 15th
Weekly Trading Ideas: Actionable Cheat Sheet Included. Be sure to read if you are interested in high risk-reward entry points in leading stocks.
Below are several high-risk/reward trade ideas for your watchlist.
Please note I’ve kept these notes brief and actionable so they are easy to apply in practice. I have also included some charts to make the data more relatable.
Recent weeks post have had several strong performers, such as:
ASTS: 74 to 130
FLY: 32 to 62
NOK: 12.4 to 16
RBRK: 60 to 78
IREN 52 to 61
ORCL: 160 to 250
CIFR: 18.5 to 28
USAR 19 to 30
The following post highlights recent trades plus more commentary:
Alerts
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 (Average True Range), a violation of prior support (such as a horizontal level or key MA), or simply the daily low. The post below goes into more practical detail; be sure to give it a read. The ATR is included in the Summary Sheet at the end of this post also.
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).
I will include a couple of charts here highlighting recent trades to better demonstrate how to use the levels featured below.
ASTS: Entry on SMA 200 reclaim of 72, stock is now 112 (went as high as 130) The arrow shows entry point, we exited at a weighted average of >115.
FLY: Entry on IPO AVWAP re-test and hold at 32, (Arrow shows entry point) Fully exited this at 61.77, weighted gain +74%.
IREN: Entry on SMA 50 re-test and hold. Stock 61 from 52 entry. The arrow shows the entry point.
OUST: Entry on EMA 20 re-test and hold. Stock is now 39 from 30 entry (went as high as 49) The arrow shows entry point.
USAR: Entry on SMA 50 re-test and add through reclaim. Stock went as high as 32 from entry, we trimmed at 30. The arrow shows entry point.
Trade Ideas plus summary table below:
Semiconductors & Tech Hardware
