LMT Trade on Nov 29, 2019 11:24 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent ATH.
- TTM Squeeze: 195m
- Earnings Date: 1/21-

Reason For Entry:
- Playing the 195m chart. LMT has been consolidating in an uptrend below its ath. LMT retraced to the buy zone (at the 21ema) with the market and I entered the trade at a (1/2) position size (1 contract). LMT is looking to break the $400 dollar mark at its new ath. There is also a TTM squeeze on the 195m chart.
12/2 added to my position at the bottom Bollinger band. Will close position at a close below that at the end of the day.
Reason For Exit:
- LMT closed well below my stopping zone and below the bottom Bollinger Band. I gave this trade time to recover but the trade is no longer valid (fired short and trend is broken).

Recap:
- Nice entry and added at the correct spot. Price just flushed out and followed my rules and closed the trade as the trend was broken and TTM fired short. This was an expensive trade so my loss was bigger than I wanted with only (2 contracts).