The Bear Came Out 6-12-20

It was a wild week. The sentiment was high earlier this week before the FOMC announcement on Wednesday. On Thursday the majors had the biggest selloff day since March. SPX and RUT were down 65.8 and 7.6% respectively. This Friday is an inside day while bulls and bears played a tug of war. The day ended in the positive territory but lower than the open. VIX is back above 35. It appears that the rally is stalled near the Feb breakdown point. 

My net liq is down to 91K. The leverage is near 5.5. I couldn't do much rolling when the net liq is below 100K. Luckily I don't have any position expiring this week. It will be critical and difficult for me next week if the net liq is still below 100K. 

I am learning more about direct trading in my other accounts. I am taking stops more forcefully. I feel more comfortable about it now, especially after listening to Larry William's book. I made a few more wins with the Options Insight program. I am still having fear of losing. I only used one contract at each time and don't let my winning trade run. I will work on it next week. I also signed up with the VTS program. It's a VIX based swing trading system. It seems I am more comfortable with these slower-paced trades.