It was a positive week for the majors, recovered from the previous losing week. SPX and NQ have had a typical turnaround Tuesday and hitting new highs today. RUT is still legging and under both 50 and 20 daily SMA. It's a factor to keep an eye on. For the rest of the market, the summer rally may continue following the seasonal pattern.
My netliq closed at 129K minus 5K from ET on Monday. It's a net gain of 6K from last week. However, the realized loss is over 11K due to roll out the ITM long puts. I collected 3.3K premiums in QIB. All of the personal accounts have a realized gain of $360. Failing to stop is still a major factor and weakness of my performance. Risking few thousand dollars to save a hundred dollars doesn't make a good risk-reward sense.
ST only produced one good trade for me. I missed some of his calls. The result is mixed, break-even at the best. I caught a couple good directional trades this week. I made two breakout calls on MSFT and FB yesterday. I didn't manage the exit well. My plan was to scale one out and left the other run or stop out. I exited both FB calls at 70% profit yesterday. I subjectively thought FB was running out of steam below its recent highs as resistance yesterday. It just gapped through the resistant lines and gained 5% today. It could have got me a nice 200% return. Be objective and stay with the plan.
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