The major indices booked their third week of this downturn. They tried to challenge their 50D SMA but failed again. The NFP on Friday produced positive reactions initially. The bears came in mid-day and reversed the course. The downtrend is clearly present. The seasonality is indicating possibly further downside.
The IB Netliq is up 14.3K from 127K to 141.6K. The market didn't have more than 1.6% swings. I was actively adjusting my delta positions. The leverage is down 15% from 386 to 334. The realized P/L is $13,661. The collected cash is only $271. There are some SC positions off the book for the week. I will continue to watch my position sizes. I haven't been able to return the additional 20K cash back to BOA yet.
The 0 DTE performed poorly for this week. It collected $1450 cash only. It booked a P/L of -$14,420. The loss was from my mishandling of ET on the Jackson Hole's speech. I didn't have a stop loss plan when I rolled down the SPX SC positions. It dragged the account down for over a week so far. I got into this hole right after I unwinded the TOS SC position.
Lessons Learned:
1. I have entered SL orders most of the time. I also took stops a couple of times. However, I wasn't consistently placing stop orders. The ET SP was a good example. The lost time and opportunities affected the account negatively.
2. Be patient and disciplined. I started to notice my anxiety and the urge for action. I was able to remind myself to be more patient. But it hasn't been consistent. I need to more consciously practice self-discipline.
3. My goal is to consistently place SL orders and enforce them. I shall take the short pain to void the long pain and regret.
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