The major indices booked another down week. However, the ranges were smaller. They retested the breakout areas of last week. These areas held the retest for now. The majors formed small green candles for June after three consecutive monthly red candles. The first six months of 2022 are in the book now. It is the worst performance since 1970 according to Dow Jones. The down-trend is still intact.
The IB Netliq is up 10K at 77.9K for the week. The leverage came below 70. The realized gain is about 3K with only $600 cash. I was able to reduce some of my SC and SP. It may take a long time to get back to the pre-crash level. I am making progress.
I made the transition from ET to TOS. The small accounts booked $1670 cash for the week. The poor performance is due to the rolling of these losing positions. This practice caused me time opportunities. I started to enter stop-loss orders right after the order was filled. I have to correct my old habit of no stop-loss orders. I will make a rule of entry for 0 DTE:
1. Study and mark the levels of S/R daily with ATR;
2. Wait 15 minutes after the market opens;
3. Place a stop-loss order right after the order is filled.
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