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.
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