Todays a very brief post I’m afraid. I’ve got a load of work that needs doing and I’ve been trying to organise driving to Germany in January. I’ll explain more about that when I have more time.
Todays action. My main mover today is Persimmon. It was up and I was thinking I’d caught the retracement perfectly, but sadly the price has spent the afternoon in decline. Currently around 407 it came tantalisingly close to stopping me out hitting 405.47, 0.47 off my stop price. Still if it stops out so be it. That’s what the stop is there for. My main concern is if it closes the day so close to my stop will I suffer slippage tomorrow if the trade moves quickly against me when the markets open. We’ll find out tomorrow I guess. It could work the other way and move rapidly in my favour, best not to think too much about it I guess.
That’s really all for today. How I said I’m snowed under with everything at the minute. Hopefully I’ll have more time to post tomorrow.
Until next time,
“May the markets be with you!”
Spread betting beginner