It was a volatile week after the Thanksgiving selloff. SPX and NQ ended down for 2nd week while RUT booked its 4th negative weekly returns after a head fake breakout in late Oct. SPX is down 4.4% from its ATH of 4743. RUT closed at 2159, the low end of the 2021 range. It lost 12% from the ATH, into the correction territory. If the small-cap is a leading indicator then the other indices may have more room to go down. It looks more like the Christmas session of 2018. The pullback lasted until Christmas eve.
The IB Netliq ended at $150,865 including 20K from ET. The actual number should be 130K. The leverage is above 3 again. VIX is above 30. My B/P was below 20K several times this week. The account is still overleveraged, especially after I mistakenly added 2 SPs on Monday's fake-out. The P/L for this week is -$5315. The collected premium is $1642. The small accounts suffered losses too. The same mistakes I made with IB. The realized P/L is -11,642. It wiped out several months of my work. I got 3 assignments in SPs.
I still traded emotionally when the vol is high. I don't have the guts to take stops. the calm market ended but I didn't adjust my practice accordingly. I warned myself to be careful in my journal for the last 2-3 weeks. I will really think it through over the weekend.
No comments:
Post a Comment