The Weekly Trade Plan: Top Stock Ideas & In-Depth Execution Strategy – Week of December 26, 2023 | SMB Training

Happy Sunday, Traders!

I’m thrilled to current a number of recent ideas, methods, and concepts at the moment. These concepts maintain substantial potential for important directional strikes this week. Rest assured, as all the time, I’ll present my exact and actionable commerce plans, outlining my entry and exit methods.

Just earlier than I achieve this, a reminder that this week is a shortened week, and the market might be closed tomorrow, Monday, 25. As it’s a shortened week, I might be shifting my mindset and adjusting my expectations!

During shortened weeks, particularly into year-end, quantity and liquidity are decrease. Therefore, I shift from taking 2 – 4 day swing trades to intraday swing trades. A sooner, extra exact strategy. So, I’ll focus extra on day 2 and three performs, with precise intraday ranges to react versus greater timeframe concepts.

With that being stated, there may be one greater timeframe thought that appears too good to not put together for.

Microsoft (NASDAQ: MSFT)

,Please observe that the costs and different statistics on this web page are hypothetical, and don’t replicate the impression, if any, of sure market elements equivalent to liquidity, slippage and commissions.

I just like the regular six-day grind again up after the inventory tried to interrupt down. Going ahead, I’m now on the lookout for a breakout above $376 with authority (quantity and time spent) for an entry lengthy.

If that happens, I’ll look to get lengthy with a cease set on the low of the day. My first goal is $380, the place I plan to cowl most of my place and path my cease utilizing greater lows on the hourly timer body.

I’ll set alerts across the breakout degree in MSFT, and maintain this on the radar within the coming days/weeks if it continues to arrange and consolidate additional. Once entered, I plan on staying within the place for as much as three days if it units up this week.

Affirm Holdings (NASDAQ:AFRM)

The Weekly Trade Plan: Top Stock Ideas & In-Depth Execution Strategy – Week of December 26, 2023 | SMB Training

,Please observe that the costs and different statistics on this web page are hypothetical, and don’t replicate the impression, if any, of sure market elements equivalent to liquidity, slippage and commissions.

Affirm is a extremely reactive thought, and I’m solely seeking to get brief this if it breaks the uptrend and confirms a decrease excessive. If it cracks the uptrend, I’ll get brief versus the excessive of the day and search for an intraday short-swing alternative, concentrating on a transfer towards $46. At $46, I’d cowl half of my place and path the remainder utilizing decrease highs on the 15-minute chart or the intraday VWAP.

If the inventory have been to shut weak, close to the day’s low, I would maintain it in a single day for continuation, however solely after I’ve coated over half, locked in revenue, and brought danger off the desk.

Recent reverse cut up shares with a historical past of dilution: MULN, GMBL

Both of those shares provided implausible intraday brief alternatives on Friday for me. Now, I’m wanting to make use of day 1 and a couple of ranges for a possible re-short if they’ll pop again into potential ranges of provide and good R: R spots.

The Weekly Trade Plan: Top Stock Ideas & In-Depth Execution Strategy – Week of December 26, 2023 | SMB Training

,Please observe that the costs and different statistics on this web page are hypothetical, and don’t replicate the impression, if any, of sure market elements equivalent to liquidity, slippage and commissions.

For MULN, I’d love a pushback towards $10.50 – $11 and a failed follow-through to get brief versus the excessive of the day. If that have been to substantiate, I’d look to cowl half of my place close to Friday’s low and low $9s and maintain the remainder for a swing commerce with a $10 cease after which path accordingly utilizing the hourly timeframe.

The Weekly Trade Plan: Top Stock Ideas & In-Depth Execution Strategy – Week of December 26, 2023 | SMB Training

,Please observe that the costs and different statistics on this web page are hypothetical, and don’t replicate the impression, if any, of sure market elements equivalent to liquidity, slippage and commissions.

For GMBL, the plan is analogous. There was some provide close to $7.50 and $8, so I’d like to see a fast push and fail into these ranges to get brief versus the excessive of the day as soon as confirmed. Like MULN, I’d cowl half of my place, take danger off within the mid to low $6s, and maintain the remainder for an additional day or two of continuation.

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