The major indices closed slightly down for the 2nd week. They have shown strong resilience after the hotter-than-expected CPI and PPI. They finally gave in to a FED governor's hawkish speech on Thursday. The uptrend is still intact despite the pullback. MACDs are turning negative. I will watch if the retreat continues next week.
The IB Netliq is up 13.6% from 204K to 236K. The leverage is down 19% from 203 to 163. The VIX stayed in the 20 to 21 range. The market has been calm so far this year against the seasonality. The realized P/L is $96K as some long-term ITM positions have been rolled out. It's the best weekly P/L I have remembered. The premium collected is $2,829, less than last week's $5.3K. I have followed the rule of -1+1.
The personal accounts got further relief from the pullback. I was able to close 2 of the SC positions in TOS. I have rolled all of the SC positions up closer to the money. TOS collected $910 with the roll-ups. IBP added $720 for the week. I plan to trade the BF 5X hedge strategy with the two small accounts once these ITM positions are unwinded. It should allow me to book 1-3K per week for each account. I have to follow the rule of -1+1.
Lessons Learned:
1. I need to learn to calculate the delta values when I plan to roll a position. I currently guess the values based on my experience.
2. The daily meditation has really helped me to stay calm and clear mind.
3. I followed my rules of -1+1 better than last week.
4. I am more patient in waiting for the desired time frame to enter my trade. I get my hands on other things to ease my anxieties while waiting for the opportunities.
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