The Tide Has Changed 1-29-21

 The majors incurred a big selloff this week after making new highs on Monday. It was sudden but within the seasonality. SPX lost about 4% for the week while RUT shredded off 5.5%. Feb could be a difficult month historically. 

My net liq is on the borderline of 100K. The leverage is up to 480. No major improvement is insight. Both sides are deep ITM. 

I got caught in a bad IF 0 DTE trade on Monday. I failed to make a stop in both IB and ET account. I was overconfident the puts would have worked when SPX broke out to ATH on Monday. But the tide changed on the next day. I kept making the same costly mistakes. It costs thousands of dollars every time. A bad habit is so hard to change. Am I self-sabotage? Got to take the short time pain instead of the long time suffering. This is the main roadblock for me to turn around my career. 

The Bulls Are A Little Tired 1-22-21

 The majors booked another week of ATHs. The catalyst was the peaceful presidential power transfer which removed one of the risk factors from the market. After it, the majors have been resting for the last two days. The uptrend is still intact although it appears stretched. 

My net liq is almost unchanged at 106K. The leverage stays on the high side of 446. I can't keep up with the rally, especially with the RUT. It has gone up 10% since the Nov election. I am still walking on the edge of a cliff. Now SPX is delta positive while the RUT is negative. A big move in either direction will put me in trouble again. 

My 0 DTE is working somewhat. My biggest problem is still the taking stops. It's a bad habit that hard to shake out. I always come up with excuses to void taking stops when facing it. It has to be a hardline. The other directional trades haven't done well. They are profitable but the sizes are too small. I need to sign up another aggressive one. 

A New Year, Same Conditions 1-15-21

 I am back in writing my weekly reviews after the holiday season. The beginning of another year continues with the previous year. The pandemic and political divisions are still the same. The bulls keep defiant realities. Records highs were booked until early this week. The seasonal weakening started to show up in the last couple of days. 

My net liq went below 100K on the first trading day of the year. It was a big down day. I spent $8K to roll up my short calls so far this month. That hurt my already weak net liq. I had to borrow another $15K from ET to defend my IB account. This seems a vicious cycle. It keeps sucking my fund in. Now the number of ITM contracts is less but deeper. I need to spend time to figure out the edge of my risk and solutions. 

Most of my 0 DTE were winners this week. My biggest problem is that taking stop losses. The fear of short term pain still outweighs the required discipline. I also decided to stop trade my FI account as a safety measure.