The majors continue to slide after the Labor Day long weekend. There were 3 out of 4 red days. The techs, especially FAANG are leading the selloff. The overall sentiment is slightly negative therefore we may not hit the bottoms yet. The noon reversal has been the pattern for this week. SPX and NQ appear forming a head and shoulder pattern after falling from ATHs. SPX touched its 50 SMA today and holding it so far. RUT is below its 50 SMA heading toward 200 SMA in the 1460 area.
My net liq closed at 102K. It was hit twice this week below 100K. I don't have much cushion for a volatile move to either side. Luckily I was able to reduce one each long put in SPX and RUT today. I also combined and rolled 2 RUT into 1 that reduced my delta in RUT a bite.
I have improved my practice in taking stop losses. I took 2 stops of 0 DTE in ET this week. It felt good because it will be easier to recover the losses. Despite the stops, I still made over $500 trading 0 DTE in ET. I must use a 3x stop in my recovery trade as well. I have made no progress in searching for a new trading services.
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