Futures dropped some after North Korea launched another missile last night. They recovered most of it this morning before open. After early weakness bulls were gaining ground and steadily moving indexes up. The strength may have something to do with today being quad witch Friday. In the longer view the tax reform supported market confidence. SPX touched the mile stone of 2500 and Dow also made new ATH. RUT advanced the most with 0.5% gain and closed near day's high. It looks like nothing could deter the market for now. It not likely the cycle of upswing is done yet.
Made 7 trades without collecting any premiums. All trades were for exiting or hedging. My portfolio took a big hit this week with rolling ITM bear calls. I have to change my trading plan to make rolling losses at 2x of collected premiums and stay small, diversified for over all portfolio. I have to make the changes from Tyler's system to keep me afloat and smooth the curve.
Net liq took a hit for the fifth day now. At 122K I have about 10K room left before have to injecting funds. Margin ratio is above 50% for the weekend after buying hedges in both sides today. Leverage is up to 144 around the level of late July and early Aug. Luckily I exited 3 bear calls during the August pull back and paid back most of funds from ET. I may have to use it again now.
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