March 2007 Review

March 2007 Result: -15.0%

Big market drop on 02/27 generated panic selling in the market.
This has caused significant increase of market volatility.

While IV jump has already increased risks and reduced margin safety
in this trading account, I then made a mistake on 03/01 by taking more
risks. The following market drop on 03/05 eventually triggered margin
meltdown, and forced this account to cut loss and close positions to
reduce margin.

This unnecessary risk-taking has probably caused 10% more loss
for this month. This is a lesson that needs to be learned.