XLNX Trade on Nov 25, 2019 11:01 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:
- Daily Chart: Downtrend, Consolidation below recent lows.
- TTM Squeeze: 1h
- Earnings Date: 1/22-

Reason For Entry:
- Playing the 1h chart (day trade). XLNX was in a pattern of consolidation above recent lows. It had been honoring the 21ema and at the open today it gapped up. I entered the trade between the 21ema and upper Bollinger Band (stop out area).
Reason For Exit:
- At the end of the day price looked to be holding its new level and looks strong enough for a move up in the future. I followed my rules and closed my position for a small loss.

Recap:
- Nice entry (low risk) between the 21ema and upper Bollinger Band. Followed my rules and stopped out as price looked strong at the end of the day. Keep in mind, you WILL have losses, the key is to be systematic and follow your rules. We had a correct setup, nice entry, the trend broke opposite of our trend and I stopped out. On to the next one.