What a change of mood! DJ and SPX hit record highs this week. SPX gained over 100 points in 5 days. RUT is near breaking out its current range above 2310. NQ is forming an inversed head and shoulder in the daily chart. SPX left 4 gaps below in this rally. It's usually but not unthinkable. SPX and DJ struggle to maintain at the top. Both of them formed a Doji candle today. The next couple of trading days will tell if this rally has steam.
IB netliq closed at 163K and the leverage is down to 230. Both are in the best level for two years. The realized P/L is $6.5K. The collected premiums barely covered the big loss of MRNA. I will continue to operate carefully to not mess up the result. The personal accounts realized $950 for the week. The 0 DTE is still the bread and butter of my income for the week. I started to use more ways to defend my positions once if they are threatened. My directional trades didn't do well. AMZN and FB long CS both lost completely on the overnight tech drop.
I followed the -1+1 rule for the week. I was able to recognize my urge to adjust my positions. I started to look at the time of the day to gauge my trade timing. I will continue to practice my directional trade but with caution. I noticed when I am confident about my entries it often turned out to be a loser. I need to stay objective and prepare for either outcome.
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