The majors had mixed results this week. Most of them are down for the week except NQ. SPX booked a small loss after 5 consecutive weekly gains. Overall, the market had a very good gain in April. The earning season has been mostly upbeat but the big money reacted mute or selling on the news. May could be choppy or to the downside seasonally. I need to plan and play it accordingly.
My net liq ended at 135K after sending another 10K back to ETP. The leverage is at 292, below 300 for another week. The realized profit for the week is near 13K. The month of April is only over 14K. The IB account collected 7.2K cash which is much better than March's $804. I have been enjoying the good result that Mr. Market provided while I can. My SPX is better positioned for a downturn than RUT. I may need to switch a RUT long put to SPX to keep it more balanced.
The ST and my own trades are better than last week. I played AMZN earning with butterflies on both sides. The positions were poorly planned. The long calls were too close to the money while the puts were too far out of the money knowing the result would be positive. Luckily AMZN pulled back today after a big surge in the after-hour earnings release. The big lesson from my TSLA BWB loss is not to blindly follow any expert's play. I am an experienced trader. I should have known it better. When in doubt don't do it.
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