The major indices closed up for this week. They booked a positive week, month, and quarter for 2023. The economy has been resilient despite the mid-size bank crisis and inflation issues. The large and medium indices are firmly above their 200, and 50 DMAs. The small cap is the lagging sector. The seasonality favors an up trend until May.
My IB Netliq closed a new high for the last 3 years. It's up 9% from 260K to 277K for the week, including the 10K sent back to ETQ. The options' open value is down 17K from -246K to -229K. The leverage is also down from 140 to 133. The realized profit is $19K for this week and $94K for the month. The collected cash is $6K for the week and $23.9K for March. It's a good week and month. I should manifest outstanding returns.
The small account got in trouble with BF hedges. It booked a -$2.5K loss. TOS and IBP collected $3823 and $3519 each. It's a total of $7,342 for March. They each gained less than $1K per week for this month. Each account has one SC underwater now. The rally is near the top now. I will hopefully unwind the two ITM positions next week.
Lessons Learned:
1. The meditation is going well with the Balance App; I am learning it in a structured way.
2. I am still working on my patience. Wait for the time and price levels to pull the trigger.
3. I must consciously calculate the options' price levels and delta.
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