The rotations to the small caps and other assets continued for the week. S&P and NQ suffered a big loss. There were signs that the market was going to pull back. I ignored the signs for fear of going higher. There was bad economic news. The earning session started well with the large banks. It was the law of gravity in play.
IBQ Netliq is down quite big with this selloff. It's down 19.6K, -14% from 144K to 124K for the week. It sets a new low for the year. The portfolio is feeble for any large move in either direction. My emotions affected my positioning as well. The realized P/L is -$32968. The cash collected is -$1561. I took a stop loss for the only BFP I took this week. It's progress that I took a stop loss. It didn't feel bad at all. The directional trades had mixed results. It's a loss in total. The options' value is up 3% from -466K to 480K, +14K. The delta is up from -46 to +166. The leverage is up nearly 17% from 432 to 518, the highest of the year. The total positions are C8 +3 and P8 -0. The yellow and red warnings are coming back. There were 84 trades for the Opex week. The commission cost is $299. I didn't add a 1-1-2 trade since the netliq is low. The drawdown is worsening this week.
The IBP account was relieved by the pullback. I pulled up 150 points for three DITM SCs. Two of the three were for the old TOS positions. The SPs are ITM currently. The realized P/L is -$2395 for the week. The cash collected is $854. I traded 0DTE and took stops.
Lessons and Plan:
1. Be objective. I tend to guess or wish the market to act in certain ways. Have different market scenarios and plans accordingly.
2. Respect the signs and indicators. Do not act when in doubt.
3. Recognize the emotions. Let the urges flow through.
4. Look for other ideas to resolve the current drawdown.
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