The major indices closed up this Thanks Giving week. The formations are conflicting. In the shorter term, they are in daily and weekly bull flags. However, the bear channel of 2020 is still intact. The weekly lower lows and lower highs have not changed. So far the shorter term is bullish. The long-term is bearish.
The IB Netliq was up 14K before I sent 10K back to ETP. The leverage is down 4% from 268 to 279. The realized P/L is 6035. The cash premiums are $1437. The favorable figures were helped by the low VIX and consolidated price ranges.
My 0 DTE continued suffering from the TOS SCs. I was able to reverse one of the SCs to SP. The SP was closed on Wednesday. It reduced my risk and margin. The cash collected is only about $500. I didn't trade in IBP on Wednesday due to the FOMC Minutes release. Friday was a half day. I didn't want to take the risk.
The lessons learned:
1. Recognize the None Stop trade causes much more with required high margin and lost opportunity;
2. I set a goal for trading like the best-disciplined traders. I need to constantly remind myself of every trade. Take a short pain in order to void the long pain. Failure is not an option from now on.
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