The majors fall back after SPX and DOW made new ATHs on Monday. The FOMC Minutes release caused a quick selloff on Wednesday. SPX closed below its 20 SMA while RUT breached 200 SMA. The majors had big gap downs on Thursday but recovered, except RUT. Then, comes Friday's reversal. The tech-heavy NQ is the only major closed in the green for the week. The trend appears turning bullish again. Seasonally, it's a choppy month for August. Will see what happens in the next week or two.
My IB net liq is at 135K. It recovered today from the last four down days. My portfolio is fragile in downturns. The leverage is below 3 again. The realized profit is $1262. The premium collection is only $337 after -2K rolling the RUT SC.
I broke my rules again on Wednesday. I added one more IF which ended up deep ITM on the PM selloff. I didn't do well on my directional options. I need to be more selective and patient. I tend to be emotional in my directional trades. The 0 DTE must be rule-based as well. Spending 5-15K of BP to save a $50-80 profit doesn't make any business or mathematic sense.
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