The major indices closed in the green for this week. They all backed above the 200 WMA except for the small caps. Only Friday's 2+% rally saved the week. It's an encouraging sign within the bear market. Seasonally we are near or at the end-of-year rally.
The IB Netliq is up 4.5K this week. It could have been better. But I was a bit heavy on the SCs before Friday's rally. The leverage is down 10% from 554 to 503. The realized P/L is $67K. However, the 380K options value didn't change much. The portfolio is like a see-saw. When the calls get off the book the weight goes into the puts. The only solution I can think of is reducing the positions' size. The cash collected is $2400. It's mainly from the three hedges that paid off.
The 0 DTE is underperformed but profitable. It collected $1900 cash. I had several stops with the wild price swings. I don't feel terrible about the S/L now. I know I can make it back in a few days. I need to work on the S/L orders in IB. There were two stop-limit orders that got skipped. I should just use market orders.
Lessons Learned:
1. I am more patient now. My daily meditation helps to keep me calm.
2. I recognized that I still have the Fear of Lossing, FOL. Especially when I am trading the 0 DTE.
3. I must be more disciplined in adding positions during volatile times. My patience saved me from additional troubles. My anxiety caused me to make mistakes.
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