I missed writing my journal last week due to my daughters back home. The majors actually turned up late last week on the progress of US-China trade talks. Fed also announced to inject funds to banks or it's a type of QE 4. The majors explored the daily value area from the top to bottom in both SPX and RUT. FIB levels could be used for references too.
Net liq closed above 150K after I sent 5K back to ET. The leverage is at 3.6 mainly due to the rangebound market. The overall market is still bullish. SPX is challenging 3K again. Earnings reports are better than expected so far. I want to adjust my portfolios to the positive side.
The approach of controlling the number of positions is having a positive impact so far. It should reduce leverages as the size reduced. It may take longer to unwind the portfolio since I don't add leverages to the opposite side. I don't have a full understanding of the approach yet. May have to experience a couple of volatile periods to see how it works. In the meantime, my ETF trades have worked well so far. It will take more time and practice to get it right.
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