SWN Trade on Jun 9, 2016 09:47 from GaTech_Trader: Tradervue User Stock Trades.

I borrowed this stock idea from Kunal. $SWN had a bid red day yesterday. Today it gapped down slightly, ran down at the open, then started to pull back. It pulled back to the 9EMA and started to fail, but I did not feel the pullback was deep enough. I did not want to miss a flush, so I scaled in half. This stock was running down a 2 day trend line on the 5min and it had not pulled back to that trendline!!! It rebounded slightly, pulled back to that 2 day trendline and failed, so I sorted the 2nd half of my position. As it flushed I trailed down a buy stop and I'm very thankful I did, because when it hit that support on the daily it rebound quickly and I might have lost a lot of profit. The reason I was trailing down that buy stop is because I scaled in, so I lost my ability to scale out, without losing 2 day trades. I'm trading with a <$25k account so I only get 3 day trades a week, so I have to use them wisely.