It's the forth consecutive positive week for the indices since the retest the lows of the year in early February. Market has gained more than 10% from the bottom by now. Central banks continue to play a major role in the market. FOMC's next week meeting will be another major event for the market. The anticipation is there will be no rate hike. But the languages of Fed will by analyzed like reading tea leafs.
The pressure on my positions flipped to the bear call side since last week. Many of my ITM puts were recovered and off the book but some bear calls are ITM now. It's like last Oct all over again. I need to be more conservative and disciplined on my trading. I have been relaxed some what since I feel that I have tools to recover my positions. But the tools take up a lot of margin and pain. It's still the best to play safe, avoid ITM situation and keep equity curve smooth. This week ended with $4.6K profit which recovered the small loss of last week. It made the average of $2200 for last two weeks.
The swings of my risk parameters are still a major concern. My size may be still too big or stretched too long into further weeks. I need to spend some time to reconfigure my size and the spin of my time frame.
No comments:
Post a Comment