The major indices closed the first week of 2003 in green after 4 consecutive losing weeks. The technical pictures have improved. SPX and RUT are back above their 20 SMA daily and weekly. However, the downtrend is still there in the bigger picture.
The IB Netliq is at 210K from 179K, an increase of 34K, 19% for the week. It's the first time above 200K in several years. The leverage is down to 207. The rangebound prices and low volatility helped. The realized P/L is $59.6K. The premiums collected are $21.6K. Both results are the best in recent memories. The accumulated cash is mainly from the BF hedges. The BF expansions have added positions and risks until they can get closed.
I didn't trade the 0 DTE in full size. There were only 2 trades in IB for the week. I wanted to commit only a little during this holiday-shortened week. The total cash is $3,260. I made 2 DTE IC trades. One was mismanaged in closing.
Lessons Learned:
1. Continues to practice and learn meditations. Meditation helps me to stay calm and clear.
2. Learn to accept losses mentally in order to obey the S/L rules. It's part of changing habits.
3. Allow placing full hedges for the 0 DTE system one time. I must force to S/L if no hedges are in place.
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