FOMC announced to raise the rate by 0.25 point with possible three more hikes in 2017. Market finally pulled back somewhat. SPX and RUT closed down 0.81 and 1.33% respectively. No major support was broken. Both of them are still in their newly established ranges. However, any pull back is a relief for me. I do expect that bulls will try to reload at lows and push up again. I just have to play it day by day and be defensive.
Made 7 trades today. Two for clients. My last leg in GLD was out to release a little margin and net liq. I also exited my RUT Dec 30, 1400 bear call at a loss to reduce margin and net liq this morning as planed. I might have executed the order a bite early. I just couldn't tell how the market would react to FOMC rate cut. Make 1 SPX rollover for next week and sold 1 bull put for end of next month.
Risk profile edged back to safe zone. Net liq is back above 145K for the first time since last week. The last 10 days were tough for me. I had to move a total of 45K funds from ET to prevent margin call in IB. Net liq recovered 18K today while margin ratio is back to 45%. I hope this is the beginning of my long road to recovery.
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