The week started with a gap down on Sunday night attempting retest the August low of indices. RUT actually went through the the late August low to 1075 on Tuesday and bounced back. It looks like a successful retest if we can hold the new low on another test. SPX/ES retested the closing of 8-25 and also bounced. NFP on Friday caused a large swing from down to up. Indices closed at high of the day overall.
The bullish engulfing pattern has not played out often to the upside according to my memory. So I will take a wait and see approach.
This week ended with a realized loss of $5.2K again. It should be near the end of my losses from the black Monday. My recover continues slow and steady. I am less than $2K in the hole now. I have been playing small in size and learning more of risk control measures. I kept leverage below 4 and available funds above $50K for the week. My margin is on the bear call side most of the time based on the assumption of market doesn't crash up but crash down. I continued to adapt new methods to improve my risk control and returns. I am still learning. I also started paper trading straddles. I want to learn how to handle losers before put this strategy with real money.
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