The Last Week and The Month of May

 The last week of May ended slightly in red. The month of May is green and recovered from the April pullback. The patterns of the monthly bull flag and weekly higher lows are intact. Last Friday's bullish engulfing was a big reversal from the bearish engulfing of May 23. Seasonally, June could be an up first then pullback later month. I shall keep an open mind for new developments with a forest view. 

The IBQ Netliq is in the rangebound from 184.7K to 187.2K. The realized P/L is $45547 for the 4-day week after Memorial Day. This week was my adjusting base with many orders from previous weeks. The collected cash is only $562. There are four long calls in NVDA, AMD, and VIX with money out. The NVDA LC rolls are paid off in full. The delta is in a range of -115 to -41. The leverage stayed at 296 from 299. The total positions are C8 +11 and P11 -1. There were a total of 47 trades. The commission cost is $187. The short-term directional trades have worked out with Infra services so far. Managing such trades requires mindset change and risk control. I added one 112 trade for July this week. 

for May, IBQ Netliq is up 6% from 175.8K to 187.2K. The realized P/L is actually -$36276. The collected cash is only $6376.  The delta is down from 319 to -41. The leverage stayed at 296 from 310. The total positions are C8 -3 and P11 -1. There were 261 trades in total. The commission cost is $1145. These results still need to be a turnaround.    

The two small accounts had some relief in the slump. They totally rely on the market movements. The realized P/L is $14305 for the week. The cash collected is $1953. IBP and TOS got merely $332 and $1621 each. I started to trade 0 DTE in TOS with a strict stop-loss order in place. I was stopped for the first one. It didn't feel bad at all. I am changing my bad habit of fear of losing. 

The monthly results for the two small accounts are mixed. The realized P/L is -42063. The cash collected is $1636. IBP and TOS got merely $1447 and $188 each. I paid about $4K to buy 25 points and roll up the positions in TOS. IBQ had inverted SC and SP. 

Lessons and Plan:

1. Stick to the stop-loss plan and build the habit. 

2. Keep trading directionally and believing in the odds.