The major indices consolidated awaiting the unemployment report and NFP this week. SPX and RUT stayed in the 4100 range and 1900 range respectively. However, both the unemployment report and NFP didn't produce any breakout. The NFP today was a big surprise with the doubled new hire numbers. The majors dropped initially. Then they recovered at the EOD. They still appeared bullish. Could it be a bull trap like last May?
The IB Netliq is up 3K to 63K. There is nothing to write to home about it. The leverage is slightly down from 933 to 866. It's the result of lower vol. The realized P/L is -5.1K. The collected cash is -4.4K. I had spent 3.6K to close an SP position due to the low B/P with a red warning. I was panicked to do it without exploring other options during a night session. I was able to eliminate one SC position today. But I had to add one more 3760 SP to Dec. I will continue to adjust based on market trends. The number of SPX positions is the highest in my records. I must spend more funds to reduce them. They are lost anyway.
The 0 DTE collected only $1170 this week. The poor performance was dragged by the rollout from last week. The lost time and opportunity. I start placing stop-loss orders again.
Lessons Learned:
1. It's easy to do it. It's also easy not to do it, but it will cause regrets and bigger losses not to do it.
2. Take the loss while it's not too big.
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