SPX 8th Up Week 12-22-23

 SPX closed its eighth consecutive week up before Christmas.  SPX has yet to reach its all-time high like Dow and NQ did. The bulls bought Wednsday's1.5% selloff. Santa Rally is live and well so far. The seasonality is playing out well. 

IBQ Netliq is down again this week. It went down another 6.4%, from 221K to 207K. It closed at the lowest level since Feb. My 10 months of work were wasted. The realized P/L is $10K. The collected cash is only $520. I bought the first 1-1 system for $980. It's my experimental trade for 2024. The delta improved to -157 from -300. The options' value is up 4% from -322K to -336K. The leverage is up 10% from 202 to 227. The total positions are C8 -0, P11 +3. I made 37 trades for the week. It was less than last week's 60. The commissions cost $100.8. The situation got worse rather than better. 

The two small accounts got further ITM. The collected cash is $2880. IBP and TOS got $2104 and $776 each. I had 2 BFC expansion trades. One winner and one loser. I didn't place a stop-loss order on the distribution break on Wednesday.

Lessons and Plan:

1. Adding a new rule of delta 250. I must adjust my positions when the delta is positive or negative 250. It worked for me in the first half of this year. It also needs to incorporate the -1+1 rule. 

2. I will adjust my positions from the further out-of-date positions first. They give me more room to maneuver. 

3. All of my losses are from the no-stop trades. I must enforce the stop-loss rules.           

CPI & FOMC Induced Big Rally 12-15-23

 The better CPI numbers and FOMC provided the market a big boost. DJ and NQ reached their all-time highs. SPX at 4720 is only about 100 points, 2% away from its new high. The small cap is legging behind. The Santa rally keeps going. The dip buyers are very active. SPX and NQ booked their 7th consecutive winning week. 

IBQ Netliq suffered a big drawdown this week. It's down 11.5% from 268K to 221K, the lowest since May. The realized P/L is merely $4183. The collected cash is only $1368. The delta is in the red at -300. It went up to -500+ on FOMC. The options' value shoots up 18% from -265K to -322K, the worst since Feb. The leverage is up to 20.2. It's set back to May again. The total positions are C 8 -0, P8 +2. I made 60 trades for the week. The commission cost is $238. It was a disastrous week for me. 

The two small accounts got deeper ITM. The collected cash is only $1890. IBP and TOS each got $1371 and $520. There were some points up with 2 SCs in each account. These small improvements are far behind the big rally.    

Lessons and Plan:

1. I followed the -1+1 rule.

2. I neglected the negative delta impact. I will make the adjustment from the further out date (FOD) first. FOD usually has more room to move around. 

3. I will continue to study the 1-1-2 system for next year. 

The Rally Keeps Going 12-8-23

 SPX held above 4540 for more than 2 weeks. It finally broke above 4600 after the better NFP today. It closed at 4604, a new high of 2023. SPX ended with 6 consecutive winning weeks. Divergences are developing between MACD and SPX prices. The daily MACD has crossed down for 3 days. We may see some kind of seasonal retrace soon. 

IBQ Netliq is up 3.7% from 258K to 268K. The realized P/L recovered $18545, including last Friday, Dec 1. The collected cash is only $1059. The delta is deep in the red. The options' value is down 4% from -276K to -265K. The leverage ended flat at 143. The total positions are C 8 -2, P5, -3. That's the area of improvement. I made 60 trades in 6 days from Dec 1 to Dec 9. It's an average of 10 trades per day. My main focus was on reducing positions. 

The two small accounts didn't get much relief with this rally. The collected cash is $3230 for the 6 days from Dec 1 to 8. IBP and TOS each got $1522 and $1708. There are 2 SCs in each account, the same as last week. The drawdown has been 6 months now. 

Lessons and Plans:

1. I consciously followed the rules of the position sizing this week. It may not be comfortable to follow the rules. It's necessary to do so for the long-term benefits. 

2.  The delta adjustment must start early in the trend. I should realize and overcome the fear and uncertainty. 

3. I am continuing to study the 1-1-2 strategy. Plan to add it to my trading next year.  

A Fast & Furies Rally of Nov. 11-2023

 SPX rallied nearly 10% in November. It raised 486 points from the Oct 27 low of 4110 to 4595. It touched the high of 2023. The Santa rally started strong so far. I didn't quickly adapt to the new market regime. The jet lag and catching a cold didn't help me either. 

IBP Netliq is down 9.5% from 282K to 267K. It didn't recover from my trip to China in Oct. The realized P/L is -19K. I only collected $3.2K cash for the 3 working weeks. The options' value is down 14% from -226K to -264K. The leverage is up 16% from 120 to 142. The total positions are C 10 +0, P8, +2. The commission cost is $823. I made 163 trades including the ones during my China trip. The delta is down from -245 to -386. November continued the drawdown from Oct. 

The two small accounts got upside down again. The SCs are ITM now. The total P/L is recovered by 8.9K. The cash premiums are 4.75K. IBP and TOS got $2179 and $2570 each. TOS had one BFP right before the CPI report. I split it to SC and failed to take stop-loss. 

Lessons and Plan:

1. I followed the rules for position sizing. 

2. I should figure out how to balance the position size and RR adjustments.  

3. I am still studying the 1-1-2 system.