The major indices started pulling back on the first trading day of 2024. The nine consecutive up weeks came to an end. The law of gravity takes effect now. The seasonality has yet to play out for the last 2 months. I have to watch out for the price actions day by day.
IBQ Netliq recovered 5% from 217K to 228K. It's still 130K lower from the high of 359K in June of last year. My overconfidence messed up this time again. The realized P/L is -20K. I was betting that the rally would continue a little further. The collected cash is about $700 for the 4-day week. The delta improved from -184 to -40. Delta is one of my references now. The leverage is down 7% from 211 to 196. The total positions are C11 +3, P12 +1. They need to be lower. I only made 22 trades for the shortened week. The commissions are $71.
The two small accounts got a little relief from the pullback. The realized P/L is $23555. It recovered some from last month's -$70K. The collected cash is $2582. IBP and TOS got $1604 and $978 each. My new problem is that both SC and SP are ITM now.
Lessons and Plan:
1. I followed the newly added Delta rule. It helped to reduce the netliq fluctuations. The size rule is to be considered as well.
2. I need to finish my 2023 results and write my trade plan for 2024.
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