Dow and SPX made new highs on the fourth day of this week. J.P Morgan reported better than expected earning. Bulls are relentless. MACD is showing overbought condition now but bulls may still go on for a while. I don't have good weapons for a trending market.
My account is squeezed to the limit again. I finally rolled all of the ITM positions and took big paper losses. When these expiring hedge contracts settle tomorrow morning I will face margin shortage again. Made 7 orders today. They are all rollovers and hedging. I had to pay $50-60 each for SPX hedging contract. I will have to buy more hedges tomorrow. Right now it's a matter of avoiding margin call.
Risk factors are at alarming level. Leverage is at 1.01 now. Margin ratio is at 39% but will drop drastically after this week's hedges expired tomorrow morning. The lack of discipline got me into trouble again.
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