The majors made new highs even the day before Thanks Giving. RUT is still above 1620 on the small pullback of the HK bill signed last Friday. The bulls pushed the Nov gains best since last June. The SPX's December target is at 3180-3200 if there are no major interruptions, such as the trade war deal delays.
My net liq suffered again for the week. It's closed 127K. My Delta adjustment was not aggressive enough. The leverage is near 4.6. It's at the threatening level now.
My stress level is high now while Betty's net liq is at 110K, the lowest level ever. I have to do whatever I can to prevent a possible liquidation.
A lesson learned last time seems not applicable to the current situation. I stick to my rule of not adding positions unless one is off this time. It turned out hurting our portfolios so far. I need to update my playbook on making adjustments early on when a turn is in its early stage. I shouldn't be afraid of an early mistake in betting on the turn. It's better than being forced to make changes in the later stage.
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