SPX hit another ATH at 5265 on Monday, Apri 1st. It was a gap and crap rejection. It was a wild week with gaps up, down and mid-day reversal. The range is 118 points between 5265 to 5147. The week ended in red with no range break. It may be into a consolidation period?
IBQ Netliq is down 15K, 9.25% from 199K to 184K. The realized P/L is -37811. The 64 points, -1.2% reversal on Thursday hurt my long positions badly. The collected cash is only $2360. The only one BFP is still underwater. There is an issue I didn't think it through. Where do I stop loss after rolling a BF position? Many of my underwater positions were accumulated after many of my unsuccessful rollouts. The delta is down to -65 from -325. The leverage is up slightly from 280 to 292. The total positions are C 12+4 and P 10+1. I overreacted to the selloff on Thursday. I will actively reduce the SC positions next week. There were 37 trades this week. That is 21 less than last week. The commission cost is $153.6. One 1-1-2 XSP was added for 5-17.
The two small accounts got a little relief from the down week. The realized P/L is 1463. The total cash collected is $1432. IBP and TOS got $2108 and $-676 each. TOS is still paying for the no-stop losses. There was one BFP trade in IBP. It's still underwater. That is the same stop-loss issue as with IBQ. I transferred another 10K from IBP to TOS in case of further B/P squeeze.
Lessons and Plan: The issues are about the same. The question is if I made a better me every day?
1. I stayed calm or numb most of the time this week. The daily meditation helped.
2. I must develop rules for where to stop loss for rolling positions.
3. Don't make a trade when I have doubt subconsciously.
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