I skipped two weeks of the journal during the Thanks Giving holidays. The majors continued grinding up making new highs one after another while the small caps leading the charge. SPX closed at 3699 and RUT hit 1890. It has been an incredible run after the election. The seasonality is behind it as well. Now with the century numbers insight, the majors may pull back or take a breath before resuming the run again. The seasonal pattern also indicates a pullback in early Dec.
My netliq close at 106K and the leverage at 425. The risk reversal to longs I did after the election has saved me on this up wave. I have rolled my long puts continuously to keep up with the surge. I may be able to exit my RUT long puts by next January and reverse another short call. SPX is way out in next Sept. I have rolled the two down 100 points. But I don't have enough buying power to split and bring one close in time. The ET positions are unwinding. Hopefully, I can exit the long positions before the end of the year.
The shadow trader is working fine. It gives me some fresh ideas but doesn't generate enough income. I entered a couple of debit call spreads for TSLA and AMD. So far I got the direction right. It's another skill to book profit. I will continue to practice directional trade.
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