The majors booked their 3rd losing week. It hasn't happened since the last Feb-Mar pandemic crash. They closed well above the lows this week. The daily movements were volatile this week. Monday was a big up day then followed with three sharp down days. Today was a reversal day. It may start to calm down for now.
My net liq took another hit as the majors continued falling most of the days. It swings over 10K daily and falls below the baseline often. The leverage was over 5 too. My mistakes of last week continued hurting my net liq. I had to borrow another 15K from ET P to cover my shortfalls in IB. I had to spend $1700 to roll my deep ITM puts and $650 for a weekly hedge due to the sharp selloff. I only recovered about $700 of it last Friday. It's my experience that such ill-timed new positions take several weeks to get resolved. The big reversal this Friday may have put a temporary low for this downturn. The current events such as the pending pandemic relief bill and the treasury rate will continue to cause market swings.
The Shadow Trade and JO5K didn't work well this week. I voided some trades from ST due to the required large margins. I took a 4x loss on NVDA from JO5K partially due to my indecision of taking stops.
The Senate just passed the $1.9 trillion Covid-19 Relief bill as I am writing it now. Could the market sell on the news or keep Friday's upswing going?
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