The ATHs Renewed 6-22-24

 The major indices closed in the green for this week. SPX finally reached the century number of 5500. It set 32 times the new highs in 2024. The next Fib target is around 5540-50. We may see a pullback in late June seasonally. But keep in mind it's a bull market. The dip buyers are very active. 

IBQ Netliq is down 3.5% from 162.8K to 157.1K. It set a new low record for the year. The realized P/L is $22902. It's a nice recovery as I exited some bull puts. The cash collected is only $1504 for the 4-day week. The little cash profit is mainly from the long calls. I didn't trade the BF setup this week. The delta is down from -264 to -170. The leverage is up from 360 to 380. It's way above my ideal level of below 300. The total positions are C6-0 and P9 -0. There were a total of 64 trades for this Quad Witching Week. The commission cost is $262. I didn't get in any 1-1-2 trade. 

The 2 small accounts are in the worst situation for the year with the new highs. Their b/p were both at the low 30K and 20K after I added 20K to each account last week. My reserves are less than 20K in ETP. The realized P/L is $-21243 for the week. The cash collected is 608. IBP and TOS got $-235 and $833 (dividend?) each. It's a disaster I am fully responsible. I traded 3 0 DTE with 2 stops. I am OK with it. I decided to transfer TOS to IBP after delaying for a week. I initiated the transfer on Monday. I left the cash-out. I didn't realize it until the evening. I realized I was really stressed. I worried about it and had a terrible evening. I had to contact both sides of the brokers to stop the transfer. Luckily Wednesday was a holiday. I had to research the option transfer regulations because the receiving broker provided incorrect information. I am sad to say that I blew up my TOS account. I am determined I will recover and regroup from this disaster. 

Lessons and Plan:

1. Stick to the stop-loss plan and build the habit. It doesn't feel too bad to take a small loss. 

2. Have patience in directional trades. I have different emotions when in such trades.  

3. Stay calm and disciplined. Make myself a little better every day.          

4. Learn this hard lesson of 2024. I will spend money to reduce my holdings and risk.

5. Add more directional trades to my trade strategies. 

6. Continue the 1-1-2 trades.