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.
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