Indexes broke up higher from Sunday night open. It kept a upward posture all day although not a decisive, large range. I have three positions expired with 100% profit for the month end. My size of ES trades are smaller since I am trading more of grains and crud oil. With commodities my margin requirement is lower thus getting higher % returns. But most of them are monthly so I treat it as a longer term positions.
USDA's Planting Intention report came out at noon and all grains went wild as expected. When the dust settled soybean and corn are bullish and wheat are slightly bearish due to the acreages and ending inventory. During the shotgun event my exit target for corn got filled but none of wheat reached. I will continued to manage my exit for wheat to reduce risk and size of my calls.
March ended as my best month in terms of total profit ($7.6K) thanks to these monthly commodities puts. All weeks are profitable despite roll over some corn options. The first quarter has been my best quarter too. I had only one losing week in the last week of Jan for about $150. I didn't know how to use options roll over to void a loss at that time. So true about " we only know what we know". I am making good progress toward a consistent and disciplined professional. Risk control first started ingrained into my trading process. My patience is also helped by diversifying into different markets. Keep up the good work and keep things in perspective.
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