Another Solid Green Week 1-27-23

 I didn't write a weekly review for last week due to the Luna New Year. The market ended with a solid green week. SPX and RUT closed above their 50 WSMA for the first in a year. It's a bullish sign for the market. We have yet to see a January selloff as the seasonality indicated. The slow inflation rate and the Fed's slowing rate hike are positive developments. However, the major resistant areas are right above. The FOMC meeting next Wednesday will be a catalyst. 

The IB Net liq is down 19K from 226 to 207K. I didn't read correctly for the rally this week. SPX swung up and down wildly. The expansion of BF positions got squeezed deep into TM. The realized P/L for the last two weeks is -3.3K. The premiums collected are $5,375 for the same period. The leverage is up 14%,  from 177 to 205. VIX has been below 20. 

The 0 DTE didn't perform well. I failed to enforce my S/L on the 18th in both IBP and TOS. The snowball kept rolling. The BF expansion added more positions to the snowball. TOS added $1.1K only for the two weeks. IBP collected $3.34K for the same period. The cash was mainly from BF expansions. It's not realized profit until these contracts are fully closed. 

Lessons Learned:  

1. I am still not well disciplined to trade 0 DTE consistently. I will stop trading it until I can resolve this issue.

2. I need to apply the -1+1 rule to the BF hedges. 

3. Better manage my positions before the end of the day. Start to roll the DITM positions in the early afternoon. Use the market order to void losses. 

4. Continue to practice meditation every day.  

The 2nd Green Week For 2023 1-12-23

 The major indexes booked another green week in January. SPX, Dow, and RUT closed above their 200 SMAs on daily. NQ is the only one legging behind. The small cap index is leading the rally. It's a leading indicator in both directions. However, the weekly downtrend has yet to break. The majors are approaching the upper trend lines. 

The IB Netliq is up another 36K to 22.6K before the 20K transferred to BOA Q. It's a 19% increase, thanks to the current rangebound low vol market. The leverage is down from 207 to 177. The realized P/L for the week is $19,423. The cash collected is $10.8K. The BF hedges paid well with rolling SCs. It's a risky strategy if the market starts to trend again. I reduced the size of the rolling in the last two days. 

The 0 DTE performed less for the week. I often couldn't get both sides in. Luckily there was no S/L either. I traded a couple of 1 DTE too. The total cash collected is $2,700 for this week. 

Lessons learned:

1. Recognize and analyze the current market conditions. Act accordingly. 

2. I still need to recognize and overcome my fear of losing. Be more machinic in my trade. 

3. Don't let my guard down. The winning streak will end once the market condition changes.    

4. Self-discipline is still my main weakness. It's my psychological pain management.    

A Green Week To Begin With 2023 1-7-2023

The major indices closed the first week of 2003 in green after 4 consecutive losing weeks. The technical pictures have improved. SPX and RUT are back above their 20 SMA daily and weekly. However, the downtrend is still there in the bigger picture. 

The IB Netliq is at 210K from 179K, an increase of 34K, 19% for the week. It's the first time above 200K in several years. The leverage is down to 207. The rangebound prices and low volatility helped. The realized P/L is $59.6K. The premiums collected are $21.6K. Both results are the best in recent memories. The accumulated cash is mainly from the BF hedges. The BF expansions have added positions and risks until they can get closed. 

I didn't trade the 0 DTE in full size. There were only 2 trades in IB for the week. I wanted to commit only a little during this holiday-shortened week. The total cash is $3,260. I made 2 DTE IC trades. One was mismanaged in closing. 

Lessons Learned:

1. Continues to practice and learn meditations. Meditation helps me to stay calm and clear. 

2. Learn to accept losses mentally in order to obey the S/L rules. It's part of changing habits.

3. Allow placing full hedges for the 0 DTE system one time. I must force to S/L if no hedges are in place.