Monday, December 11, 2017

FOMC No Longer A Force? 12-11-17

Major indices continue holding up on Monday. It's expected that FOMC will hike rate this Wednesday. It seams no impact to the market. The tax bill is a more important matter for now. I will try to add more longs to ride the wave.

Made 11 trades today. Most of the were rolling small cars up and out to extend my hedges. Added 3 more SPY longs during the process. Also made two mistakes in configuring orders. One was picked a wrong expiring date and the other was a wrong strike price. It hasn't happened in a long while. I guess I was stressed and distracted by the position transfer issues between IB and ET. My trail of the first partial transfer was rejected as there was not enough margin in ET to cover the rest of the positions. I made 2nd try today to move all the bear call spreads along with evaluate value of long stocks. My plan is not to impact my net liq negatively in IB after the transfer.

Net liq didn't change much and still hang around 115K area.  Margin ratio is safe for now but the weight is shifted to call side again. I need to get it back to put side before the transfers arrives.

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