The major indices booked the third consecutive weekly gain. FOMC raised the rate by 0.25% as planned. The market reacted wildly but ended up. The real tell was the day after the meeting. I tended to underestimate the aftermath effects.
IBP Netliq is up 3.5% from 310K to 321K. The options' value is down 3% from -196K to -190K. The leverage is down slightly from 98 to 95. It's still elevated from the 70s in May. The realized P/L is 6.6K. The collected cash is $2083. I had one BF scalp win. The one open BF from last week was closed too. I moved 1 RUT SC to SPX SP. The delta for both SPX and RUT is in line now. I made 81 trades for the week. It's about 20 less than the last few weeks. The total positions for SPX and RUT are 15 and 5, the same as last week. There were some closes, opens, and rollings. Overall, it was a muted week with some improvements.
I paid $10K back to ETQ for July. That leaves the total debt to $148K between QIIs.
The two small accounts are still in the dump. There were hardly any pullbacks. They continue to book paper losses. IBP collected $900. TOS got only $618. The total is $1618. The deepest positions at 4300, and 4330 are -6.3% and 6%. The lost earning potential is about $13K a month. The weakness of no stop-loss continues to cost me dearly.
Lessons and Plan:
1. I am more aware of my emotions and anxiety.
2. I am more patient waiting for the price levels and the time of the day.
3. My weakest link to my trading performance is to follow the stop-loss rule.
4. It's a powerful statement that I am a full-time, professional trader. I must follow professional standards and practices.
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