Down To June Lows 9-23-22

 The major indices closed another negative week. They are down 5 of the last 6 weeks. The selloff intensified after FOMC on Wednesday.  SPX, RUT, and NQ tested the lows from last June and held them so far. Dow closed below the June low. It holds at the 200 weekly SMA. The sentiments and technicals are very bearish. We may see a bounce or consolidation next week. 

I missed the weekly review last week due to my traveling to DC. The following numbers are for the 2 weeks. 

IB Netliq is down 28K for the last 2 weeks. It closed at 99K on Friday. I have tried to reverse my LP to SC so many times. All of them were OFTM. I need to identify the levels more closely. The leverage increased 25%, from 401 to 535. The realized P/L is $68K. They are mainly from expired SCs. But the value of my total options increased by $27K. The value of SPs has jumped a lot during the selloff. The cash collected is - $2K. I had to spend 2.6K to roll 2 SP last week. There were a couple of hedges paid off and the others expired worthless.      

The 0 DTE took a big blow in the ET account. I had 2 SPs split from the 2 SCs on the day of JP's Jackson Hole speech on August 26. A mistake I made to roll the SPs. I kept rolling it as SPX continued to fall. I didn't fully understand the rule of Day Trade Calls. I made 2 trades on Sept 22 to reduce the SPs by 5 points. It triggered another Day Trade Call. The ET account was restricted to closing positions only on Friday unless I put up $167K cash to remove the restriction. I couldn't come up with that much cash on the same day. I tried different approaches to resolve the problem but ET won't allow any of them. The spread had expanded from 80X to 325X. The two spreads were assigned for $32500 each. A total cash loss of $65,000. This is my biggest cash loss by far. It wiped out my total gains for 2022. The loss is about my living expenses for a year or the cost of a luxury car. I really hate my behavior and lack of willpower. 

I am going to sit in the penalty box in ET for a week. I will likely transfer this account to another broker to erase the Day Trading Calls. 

My hard rule is "No stop no trade" now. 

Am I self-distructive?