[isatrader]

I'm currently in a trading position with SONO. If the stop loss goes under the 50 day MA and recent swing low that would wipe all my current gains. The 50 MA is currently 18.43 and swing low 20.82. Am I missing something? Hoping to lock in gains. Cheers!

The stop loss doesn't have to be below the 50 day MA if you are using the Trader method, it's just an ideally below, as gives the stock the full range to move in a position trade. So the recent swing low or a valid trendline, which we don't have yet as there's only been two touch points, and the minimum is three. But the P&F chart shows the Price by Volume support at around 22.15. So a very tight stop loss could go at 21.49 or under the swing low at 19.98 ish.