The majors closed down for the first week of the year due to the FED turning into a hawkish tone. That appears to be a warning sign. Santa rally was faded like getting infected with Omicron. SPX and RUT closed down 2.2%, 4% respectively. NQ performed the worst by shedding 5.7%. Growth is being replaced by value and defensive stocks. This change of the scheme may continue for a while.
My IB Netliq ended at 162.6K from 179.4K, -9.4%. That's a shocking drawdown. I still have the old habit of rolling instead of stopping. The realized P/L is -$9250. The leverage is up to 256 from 234. The account collected a $2,088 premium including the scale-out of 50 TZA. My small accounts performed better for the week. ETP booked $1,130 cash profit in 0 DTE trading. My directional options trading ended with a mixed result. I didn't stop losses soon enough and closed profitable positions too soon. The overall for this week was -$230.
I was a bit overconfident that the majors would rally a little more until FOMC minutes release on Wednesday. My trading plan calls for a quick change bias as the market changes. Taking stops on the rolled positions hasn't been implemented. I will take action to confront my fear of psychological pain.
I will edit my trading plan for 2022 over the weekend. Avoiding big drawdowns should be planed in more detail.
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