Lesson in Bull Flags

If you guys remember a few weeks back around the first week of April, our trade of the week was LMT long. This is a textbook example of why we love Bull Flag patterns, and the strong ones can go much further than our targets, that's why trailing is key.

As you know we like to trail our winning trades versus the prior days low, after LMT broke out of the  Bull Flag pattern, it formed a smaller one and quickly broke out again through $235 from there, every day it traded higher and has not take out the prior days lows!

Risk in this trade was around $4 to get in and is currently up just under $20 !

With 100 shares that was $400 risk to make just under $2000!


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