FOMC and NFP late this week boosted market confidence and powered another break out for the market. The majors closed up in the sixth consecutive week. It may be a new record for the last 10 yrs at least. There was hardly any pullback days during January. The much-anticipated retest lows have not happened. I am still waiting for the 2nd shoe to drop.
My portfolio was pressured further by the bulls. I had to wire in another 6K to shore off my net liq after hanging on a shred for 2 weeks. The hole is digging into my IRA accounts now. Do I continue to defend my portfolios with borrowed funds or face the consequence of liquidation?
Net liq is around 105K. I used to have 150K as my lower limit, then 130K, 120K ... Leverage is above 50 now. Another sudden and big drop in the market could hit me from the other end too. I have been monitoring the number of my positions on both sides. I am using Delta to keep the balance and try not to add more positions when I can.
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