After the debt ceiling was resolved, the major indices finally broke out to the upside. SPX broke the two-month range of 4070-4200. It looks to retest last August's high of 4325. RUT also broke the range of 1700-1810 from last March. It crossed its 200 SMA for the first time in 3 months. Seasonally the rally may last till the mid of June.
The IB Netliq booked -8K from 350K to 342K for the week. I couldn't adjust my positions aggressively since I had to obey the -1+1 rule. The options' value had a bad week, up 7.5% from -146K to -158K. The leverage is up from 71 to 76. The realized P/L is 13.4K. The collected cash is $2057 for the 4-day week. The last two items provided a little comfort. I made 61 trades for the week. SPX positions increased one on each side from 5 to 6. RUT reduced one SP from 5 to 4. The SC is still at 3. The account suffered a little setback overall.
The two personal accounts performed fair for the week. IBP received $2441 while TOS collected $3489. The total cash collected is $5930 for this 4-day week. But both accounts carried an SC DITM into next week. This BF rolling strategy does not work well in any large movement.
Lessons Learned and The Plan for next week
1. Being disciplined doesn't mean no setbacks. Like I followed the -1+1 rule. I couldn't adjust my positions aggressively during a trending day. Discipline can prevent me from over-trade.
2. Being patient could come from realizing the time and movement of the day.
3. I need to be more consistent in my morning preparations.
4. I will stay the course eliminating the long-term positions in IBQ.
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