Shared by
Rob_B_BOWS
I was eyeing this one for the red to green, but I wanted to wait a little bit. The 50 SMA on the daily was at 1.79 and thought that may act as resistance. I got in one penny above and it couldn't do anything. I ended up stopping out when I saw a $1.70 print, caught a little slippage. I don't think this was a horrible trade. It just didn't work out. Small caps have been running the last couple of days and I thought this one also had potential. It was my only trade of the day as the market was slow and choppy on the day before a holiday weekend. I was looking for others but didn't see anything and was proud of myself for the discipline that I showed not forcing anything else. Just 2 weeks ago, that wasn't the case.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-06-30 09:34:36 | SKLN | buy | $1.800 | long |
| 2017-06-30 09:34:53 | SKLN | sell | $1.680 | 0 |
Comments
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Hey Rob - Great NAME!
I traded it too long as well. One thing I noticed is when you look at the hourly charts on 6/15 that 1.87 was a key support. It was also resistance in pre market on Friday and that's exactly where we failed on the open. Just thought I share my observations as I lost on it as well.
Rob