May 2022 period Summary

Monthly summary

My result

My account performance is this. (I sometimes don’t follow the rule)

  • 1m:$85.00/unit profit

Opened 10 units on 12/22 at $0.10, added 5 units on 5/9 at $-0.35, closed all on 5/16 at $0.80. Total 15 units realised $1206.60 profit after commission.

  • 2m:$17.33/unit profit

Opened 10 units on 1/18 at $0.84, added 5 units on 4/27 at $-0.40, closed on 5/13 at $0.60. Total 15 units realised $191.20 profit after commission.

Review

May period started with contango, moved into contango and stay there, then back to contango in last few days. After all, when it comes to backwardation, I’m worried because I can’t see how deep/long it will be. And adding timing of adding is difficult.

The timing that I took action actually was not so bad but might be ok even I go more aggressive.

Since I hate to finish with loss, closed position earlier. But actually It’s better to wait more (until maturity date)

Well, it’s easy to say something after it happened. I’m OK because I could finish with profit, anyway.

For my reference