The party continues after NFP report last Friday. SPX and RUT gained another 0.5 and 1% respectively. SPX closed at all ATH of 2143 while QQQ and RUT are still legging. There may be more energies to the upside. Bulls need to stay in the breakout area. However the last couple new highs were followed with sell off. Would it be different this time.
Made four orders today. Most of them were buying calls to reduce my margin. It kept getting squeezed. I realized that I made same mistakes on the call side repeatedly. I didn't wait for my levels of engagement. I often override my instincts of waiting. My patience is still not been engraved. Rather I have the desire of making some money every day. I am afraid of missing opportunities. I need to make changes of such mentality little by little on a daily basis.
Risk factors worsened. Net liq is down near $10K. Margin is at 15%, the lowest level since I started recording it. I will have to buy more calls tomorrow to hedge it.
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