The majors continue to grind higher. The new pattern of after selling has met with dip buyers. The August NFP report was much worst than expected 720K v.s 235K actual. It appeared the market wasn't scared by the results. I guess the poor numbers implied that Fed may not taper the QE any time soon. SPX made another new high of 4545, NQ hit 15699. RUT booked 2nd positive week, heading to 2300+.
My net liq ended at $141665 after sending 5K back to ET. It is up 8K from last week. The realized P/L is $6427 with net premiums of $225 after the $1500 cost of rolling the SPX SC. The leverage is 279. The market has been up for 7 months without a 5% pullback. I have been lucky to play alone on the long side and have recovered over $100K so far. I feel that many traders are complacent again. It's likely that we will see a 5-10% pullback this fall. Controlling the size is still the key to my risk control.
My personal accounts have done well for the week. I only traded the ET account this week. It realized $825 without much risk. The 0 DTE IF and credit spreads worked in this slowing market. The directional trades didn't do well for me. I am still refining my setup.
I have improved my discipline in controlling the sizes. I was able to control the urge to add or roll my positions. I missed a couple of good trades by Shadow Trade. I had to skip a couple of them due to the large margin requirement. I may sign up for another service after June's wedding by the mid of September.
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