As per yesterdays post, we dicuded to take some ‘discretionary’ defensive action on IRE, only to see the market dip enough to shake out the stop before heading higher again. “Plan the trade, trade the plan” or “Do as I say, not as I do…”
Nonetheless, IRE was a profitable exercise whilst on holidays. Here is how the trade unfolded:
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This is the fill which contained plenty of slippage due to these quieter holiday times.
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The account dipped slightly with some positions drifting lower late in the session. BSL was the strong support, +7.3% on the day.
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