Up and Up Again 3-28-24

 The major indices closed with another positive week and 5th consecutive month of gains. SPX made another ATH at 5254. The rally continues with the FED's anticipated 3 rate cuts this year. The flat or down March seasonality didn't play out. The positive returns of January and the first quarter likely set the tone for the year. I will follow the trend day by day. 

IBQ Netliq is up 17.5K, 5.5% from 197.7K to 209.2K for this 4-day Easter week. It was a wash from the week before the last. I paid another 10K back to ETQ for the 2nd time this year. The realized P/L is a staggering -$61385. I used this month-end expiration for many inverted SC adjustments. The collected cash is only $1952. I only made 1 BF for 1.5K. It was a greedy R/B because I broke the -1+1 rule. It finally exited with one from last week. The delta is up to -355 from -110. There were 3 SPs exited. The leverage is down slightly from 280 to 266. The total positions are C 8-0 and P 9-2. There were 58 trades this week. Many of them were from previous weeks. The commission cost is $250. I added on 1-1-2 XSP for 4-30. 

For March, the realized P/L is -$37552. The collected cash is $12221.  The total positions are C 8-1 and P 9-4. Working on keeping the position sizes. The leverage is up from -128 to -325 after 2 SPs exited. 

 The two small accounts suffered further after the SPX's new highs. The realized P/L is 2207. The total cash collected is $-303. IBP and TOS got $768 and $-1071 each. There was no BF trade for this 4 day week. I was working to exit the 2 BFs from last week. I am paying to roll the positions in TOS because the B/P is low now. It's the cost of not taking stops. 

The realized P/L is stunning -$46144 for March on top of Feb's -32571. The collected cash is $7352. IBP and TOS got $11160 and $-3808 each. 

Lessons and Plan: The issues are about the same. The question is if I made a better me every day?

1. I followed the rules and stayed calm most of the time this week. 

2. My meditation practice brought me more patience and consciousness. 

3. I broke my BF -1+1 rule in IBQ and IBP accounts. I got greedy and knowingly took the expansion this afternoon. I will prepare to stop out if the market pulls back more next week.   

4. Don't make a trade when I have doubt subconsciously. 

5. I should prepare for possibilities if the SPX goes up another 5-10% without any serious pullback during this election year.