The major indices booked their 3rd down week in August. SPX closed below its 50 DMA. It's now back into the previous 4460-4300 balance area. It may be in a range-bound period seasonally.
IBQ Netliq is down 4.8%, -17K from 353K to 336K. The selloff of the last 3 days dragged the numbers down. The options' value is up 10% from -166K to -177K. The leverage is also up 10% from 76 to 85. The realized P/L is $28,247. The cash collected is $1673 for the week. I gave up one BFP based on the rules. I made 96 trades for this week. It's still too high. I finally moved all RUT positions to SPX. SPX has more trading days but has a larger notional value. The total positions are 17 with 9 SC and 8 SP. The pullback benefit is over for this week. The balance is shifted to the long side.
The SCs in the two small accounts are almost out. The realized P/L is $9419. The drawdown is flipped to the upside. I have 3 SPs are DITM. The total cash collected is only $1791. IBP and TOS received $1260 and $531 each. There was no BF trade based on the rules. The slump is well into its 3rd month now.
Lessons and Plan:
1. The mindset of the professional trader is taking root.
2. Patience and calmness are slowly building up. I need to be more conscious during the work hours.
3. Watch for the delta. I should adjust my positions from the further out positions first.
No comments:
Post a Comment