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.
No comments:
Post a Comment