It was another up week for all indices. Small caps finally broke out their range from Feb, an almost 10-month consolidation. SPX hit new highs every day this week. Dow and NQ made ATHs as well. The Fed tapering announcement seems no effect on the market sentiment. I can't follow the logic of the current market other than better earnings and the fourth quarter effect. But I will follow the direction of the market and stay with my discipline.
IB netliq closed at 158K, about 3K higher than last week. The leverage is 257, slightly better than last week's 262. The realized P/L is $4141 with $3109 cash collected. So it's a positive week with the trend up. I didn't actively trade my small accounts in the 0 DTE, had difficulty getting fill bull puts. I only collected $662 for the week, plus $115 from TQQQ. My directional options did well with the strong uptrend. Booked $1000 from TSLA call spread, and several hundred from FB, NVDA. My first MES 45+ DTE hit its 50% target in 10 days.
I still have emotional issues in my trading decisions, especially with the directional trades. The two major issues are fear of losing and false hopes for a losing position. I need to be more mechanical in entry and exit. My patience has improved some, mainly I could recognize my impatience and I would look for something else to distract my anxiety. Keep working on it!
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