The major indices were up three days before pulling back in the last two days of the week. Overall, it was a positive week for the indices with signs of weakness. FOMC's rate decision is next Wednesday. It's expected the Fed will raise the interest by 0.25 points. Still determining how the market will react to it.
IBQ Netliq is flat at 320K for the week. The options' value is up 2% from 192K to 196K. The leverage is up slightly from 94 to 98. The realized P/L is $4.7K. It didn't cover the -7.7K from last week. The collected cash is $2,780. I had one BFP. That has not been closed. The SPX delta is back in line. I transferred one RUT 1630 SC to SPX 4655 SP. I need to change 1-2 RUT to SPX to bring the RUT delta back in line. I made 103 trades this week. 12 of the trades were before this week. 90 trades are too many for a week. The total positions are down from 21 to 20.
There was not much improvement for the two small accounts. The total cash collected is $$2,321. TOS made $662. IBP received $1,659. I made a BFP trade in IBP. I didn't follow the stop-loss rule. Now the positions are inverted. The slump is 240 points away now.
I transferred $10K back to ETQ for July. It's $20K short to pay off 2022's loans. The total shortage is still $158K from the beginning.
Lessons and Plan:
1. I paid more attention to the price levels.
2. I improved my calmness and self-awareness.
3. I have no decisiveness in taking stop-loss. I keep looking for alternatives to void stop-loss. This must change. Remember: emotions are out, and stops are in.
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