The major indices closed down for this week. They are mostly inside last week's range. It could be a pause after the incredible January rally. They are above all of their key MAs. The market is waiting for more inflation data after the last FOMC rate hike. The expectation is that the worst inflation period is over. This week's pullback provided some relief for my underwater positions.
The IB Netliq is up from 207K to 224K, a 7.5% increase. I paid 20K back to ETQ this week. The realized P/L is - $6366 with some rolling out positions. The collected premiums are $5,317. I assume the increased cash position helps the netliq and B/P. The leverage is down about 5%, from 212 to 203. VIX stayed around 20. The market and my netliq remained rangebound. I was able to reduce 2 SPX SCs and 1 RUT SP.
The personal accounts got some relief in the last two days. I had to transfer 20K to TOS from BOA at the beginning of the week. The BP was down to 19K at that time. I should be able to transfer it back in 1-2 weeks. IBP collected $600, and TOS got $1017. It was a lot of effort to get the $1.6K. My undisciplined action continues dragging me in the mud.
Lessons learned:
1. Practicing meditation daily helps me stay calm and collected most of the time.
2. I followed my -1+1 rule sometime and failed a couple of times. Obey the rule may not benefit me all the time. It keeps me in line and out of trouble.
3. Recognize my emotions during the day. Don't take impulsive trade when my emotions are high. Take a break before taking action.
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