The major indices gave back all of the J.Powell-induced rally gains this week. They closed the week in the red after the previous two weeks' gains. The bears are back in control now. The market is waiting for the CPI and FOMC next week.
The IB Netliq is up 1.4K from 160K to 161.4K for the week. The leverage is down slightly from 278 to 271. The realized P/L is down $2.3K. The collected premiums are $2125. I traded 4 1DTE IC this week. They were all $200 winners because of the steady volatility.
The 0 DTE worked well this week. I finally closed the TOS short calls from 4 weeks ago. The trades almost choked me. TOS and IBP collected $1862, and $1372 cash each. I made the same mistake again today. I let the winners become losers. I didn't enforce my stop-loss rules. I was hoping for the last 30 min selloff to bounce. I could have placed a stop-loss order to book 50% of the gains. I still need to work on my entry and stop losses.
Lessons Learned:
1. Adjust stop losses to protect the profit. It's better to leave some money on the table than take losses.
2. Self-discipline!!! What would the best traders do in a similar situation? Another disaster will happen if I don't change.
No comments:
Post a Comment