The major indices are in the low momentum mode this week. SPX closed another all-time high at 5175 then fell back in the last three days. The reported Feb CPI, and PPI were hotter than expected. The inflation is stickier. The next big event is the FOMC meeting next week. It's not likely that the FED will start to cut the interest rate soon.
IBQ Netliq is up 9.6% from 189K to 209K. It finally got back above 200K in a month. The realized P/L is $-11604. The collected cash is only $1815. I had only one BF trade this week. This one is still carried to next week. The delta is -50. The leverage is down from 280 to 250. The total positions are C 8-1 and P 11-0. There were 74 trades for the week. Some of them were not executed in this week. The commission cost is $384. There were 1 in and 1 out in 1-1-2 XSP this week.
The two small accounts had mixed results. The realized P/L is 234. It stopped bleeding as the market stalled. I only traded one BF in IBP. I followed the rule of one out before one in. The total cash collected is $1082. IBP and TOS got $1368 and $-286 each. TOS depends on the market movements now since there isn't enough b/p.
Lessons and Plan:
1. I followed the rules and stayed calm most of the time this week.
2. My meditation practice brought me more patience and consciousness.
3. The market may be in a transaction period. This is a dangerous time for my trading style.
4. Don't make a trade when I have doubt subconsciously.
No comments:
Post a Comment