Saturday, May 13, 2023

Still In The Range 5-12-23

The major indices closed slightly lower except the tech-heavy NQ for this week. They traded within last week's range other than NQ. SPX has been in the 4170-4050 field for six weeks now.  RUT is in the 1700 to 1815 range for 9 weeks. We don't know when and where they will break. But they will. I can only follow the price actions objectively. 

IB Netliq is up 2.5% from 325K to 333K this week. The options' open value is down 9% from 174K to 156K. The two numbers set records of high and low for two years. The progress continues moving towards my goal. The leverage is slightly up from 84 to 87. The realized P/L is $21879. It reflects the reduction of the options' value. The collected cash is $1922. I made one BF hedge today for about $900 profit. There was no BF SP left before I entered this one. There were a total of 79 trades for the week. The average is 15.8 trades per day with hedges. I reduced 1 SPX SC, 1 SP, and 1 RUT SC. It was a good week overall. I followed my plan and the rules. The rangebound market helped too. 

The two small accounts performed well with the -1+1 rule this week. I had two BF double wins in each account. IBP collected $4110. TOS had $2048 without today's double BF figures. The total cash is $6158 for the week. I followed the -1+1 rule. 

Lessons and plans: 

1. My impatience is related to my FOMO and sense of time. 

2. I will have to roll out most of the DITM positions next week. 

3. Practice meditation during work hours if I feel stressed. 

      

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