A Volatile Week Ended Down 12-18-21

 The market had a down week with FOMC induced volatility. The reactions after the FOMC announcement were somewhat surprising. As expected the Fed would speed up its tapering of bond purchasing program and start raising the interest rates in mid of next year. It showed a little more hawkish stand with a projected 3 rate hikes. But all the indices rallied up strongly after the Fed announcement and the conference. I was suspicious about the reaction that afternoon but glad they were rallying instead of tanking. When the futures continued to rally overnight quite strongly I was convinced the rally would continue as the beginning of the Santa Rally. I was totally wrong an hour into the market open on Thursday. The major indices reversed back to the prior day's low. It was a total bull trap on Wednesday. I had a hitch but didn't think it through and make it into a clear backup plan. This is something I need to work on. 

The IB net liq ended down 10.1K to $169,477. The leverage is up to 242 from 230. The realized P/L is $20.5K mainly due to the rollup of RUT 1870C when RUT fell back to the range low of the year. The premium collection was -$262 since I spent $1K to roll the DITM SPX 3300C, and $640 rolling NVDA 290C in panic mode after its 10% pop and before the 100% pullback. It was my biggest mistake this week. The ETP account realized $1,154 P/L. It finally unwinded the rolling positions from the Thanksgiving selloff. It's still not recovered from that 5K assignment. My directional trades lost money for the week. I had too many positions open. I didn't follow strict entry rules and limit my number of trades. In a volatile market, it's easy to lose money since the trend could change quickly. 

I only take one stop-loss this week. It was a new 1 DTE IF system I just learned. I was able to hold my urge to trade more IFs since the VIX is above 20. I must continue to work on the stop-loss setups. I know the rational reasons to do it. I must overcome my psychological fear and pain. Also, I need to train myself to recognize my subconsciousness and bring them out into clear thoughts and plans.