SPX closed up in April and almost recovered from March loss. The expected counter-trend rally may have changed to the resumed up-trend. The downward Fib levels were broken. Are we going to see a retest of the ATH?
IBQ Netliq is down 15K, -11% for March. The realized P/L is worsening to -$51958 from March's -37552. The collected cash is only $4804 for the month. I spend most of my time adjusting the totally lopsided positions. The delta is up from -325 to +319. The leverage is up slightly from 14.8 to 15.3. The total positions are C 11+3 and P 12+3. There was no BF trade. I add positions when the trend is changing with volatility. The only solution is to take large stops. April was another month of underperform.
The 2 small accounts recovered $28359 from a -46143 loss in March. The total cash collected is $5588. IBP and TOS got $4313 and $1274 each. There were only 10-20 strike improvements during the month. They are still at the market's mercy.
Lessons and Plan:
I went to DC in early May. I got a chance to write this journal on May 12. The plan remains the same: Work on delta balance and reduce the risk.
I realized I lost my focus on the 1-1-2 plan. I will refocus on it as my trade plan called for it.
No comments:
Post a Comment