This Monday was Christmas Eve. The majors sold off another 2% and closed at the lows of the day. A bloody bath before Christmas. Perhaps the algos don't have a sense of holiday session. The selling started the day after Christmas with a new low. Then, the trend reversed late in the morning. The majors staged an F.U. rally, up near 5%. The bulls slotted bears again in the same pattern. Today it was a pump and dump day. Overall, it was a wild, emotionally charged market.
It was a more difficult week for me and my clients. My account was put on hold for a day because N.L was below 100K. I wired in my last available 10K on the day of Christmas Eve. It only helped for a few hours on that volatile day. The rally after Christmas provided some relief to us. I was able to adjust my positions. Now I am a little too heavy on the downside if the relief rally continues. I feel emotionally drained somewhat.
Net liq is at 106K. Margin ratio is barely above 30%. Leverage stays above 5, back from 6 during the heavy selling. Now, the Net liq is still on shaky ground.
My positions have increased. I had to add it in order to roll my positions. The danger is that it could easily turn against me with any sizable move in current high VIX condition.
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