The majors gapped down about 2% on Sunday night following a -1+% down last Friday. There were 3 of -3% days during the week. All of the bulls were disappeared. By Friday, The majors are in correction territory of -10% or more. Surprisingly how the market sentiment has changed from bullish to bearish. During the week, During the week buyers couldn't lift the market at all. It was panic selling all over the places. It's possible to see a 15-20% correction if not getting into a bear market.
My portfolio suffered a big loss for the week. Despite adding 20K to IB account borrowed from ET my net liq still ended way below 100K. It closed at 87K by the end of the week. I don't even have much room to borrow more funds. The 35K I returned to ET was brought back again. The leverage is at the highest level of 11.35.
I am very depressed and my hands are tied up now. I don't have much room to adjust or reverse my positions. I had to close one SPX and one RUT long put to reduce stop losses for about $52K on Friday. In my personal account, I was forced to close the short call of 2820C and roll out the long of 3220 which was pushed deep ITM in the fall of this week. I had to take a 7.9K loss instead of a 25K loss. The account could face liquidation soon if the market continues to fall.
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