Santa finally showed up in this holiday-shortened week. SPX started to rally after retesting the B/O point of 4544 on December 6. RUT followed the same pattern but in weaker price action. it held the lower range of the year so far and bounced out of 2120. SPX is leading the other majors. It made a closing ATH of 4725. Let's see if the Santa Rally will continue to the year-end.
My IB Net Liq is up 28.7K to 189K, +15% with SPX up 2%, RUT up 4.5% for the week. The leverage is at 223, down 8% from last week's 244. The realized P/L is -4.3K due to the rollout of SPX, RUT bull puts on Monday before the bounce on Tuesday. The collected cash is $2637, mainly from the IF which is still not unwinded. The personal account collected $632, the 0 DTE didn't get both sides due to the strong trending days. I didn't have new directional trade for this week since it's a short week. The losing NVDA trade unwinded. A lesson of emotional trading learned.
I put in my stop orders for my 0 DTE trades as I required last week. But I didn't execute any of the IFs. The 1 DTE on Tuesday was a winner. The 0 DTE on Wednesday was busted. I didn't follow my rule of not trading the 0 DTE IF when VIX is above 20. I overtraded in the last two days when the IF was busted. Need to keep a cool head.
It has been the best year of my trading. I will write a year-end summary and update my trading plan for 2020.
No comments:
Post a Comment