It was a green week for the majors. SPX closed at 4020, above the 4000-century mark while RUT and NQ are catching up as well. They both closed above their 50, 20 SMA respectively. President Biden announced a 2 trillion dollar infrastructure plan might have boosted the market sentiment. The seasonality is in play too. The bulls are in control once again.
My net liq closed above 136K even after I paid another 5K back to ET on Wednesday. It would have been over 141K. The leverage is at 289, a relief sign when it's below 300. I maintained my rule of not increasing my total contracts and kept delta positive. My profit or recovery in IB is $5500 for the week. I did a RR of SPX SC. It was the right decision but bad timing. I wasn't patient enough to wait after 3PM to execute my plan. I could have earned several hundred dollars if I waited, so was for the RUT recovery trade.
I made a couple of side trades besides the majors with Shadow Trader and JO. Most of them are small winners when the trend is followed. I am thinking about changing the 0 DTE to 40-50 DTE with a 50% profit target and 3X stop. This strategy is slower but less stressful. I still don't have a well-planned breakout strategy.
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