The new year's pullback was shallow. SPX recovered the loss from last week. It touched a new high of 4802. It's only 30 points away from ATH now. The inflation is cooling. December's CPI and PPI this week didn't trigger a rally. Is it Mr. Market's trick hat?
IBQ Netliq is up 1.14% from 228K to 231K. It's basically flat. The delta-neutral strategy helped in the rangebound market. The realized P/L is $28.8K, up $8K from last week. This month is still in red so far. The cash collected is $1280. The delta is down to -360. The choppy price action helped. The leverage stayed at 190 level. The total positions are C9 -3, P12 +0. I added another XSP 1-1-2-1 for $140 this week. Made 52 trades for the week. The commissions are $209. I made some debit spreads. I wanted to be more adaptive to the market moves.
The two small accounts didn't get relief. The collected cash is $2381. IBP and TOS got $1750 and $631 each. I did a few 0 DTE. They ended up being winners eventually. However, I failed to enforce the stops.
Lessons and Plan:
1. The delta hedging strategy helped to reduce netliq fluctuations in the rangebound market at least.
2. It is apparent that I still don't have the willpower to enforce my stop-loss rules. I use different tricky adjustments to void the pain. I have to learn to solve this mental problem.
3. I didn't work on my 2023 results and trade plan because of the busy birthday weekend. I will work on both tasks this weekend.
4. My daily meditation helps me to stay calm and clear-minded.
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