March 2023 period summary

Monthly summary

My result

My account performance is following.

  • 1m:$-80.60/unit loss

Opened 12 units on 10/18 at $0.02, closed them on 3/15 at $-0.74. Total 12 units realised $-967.22 loss after commission.

  • 2m:$-129.58/unit loss

Opened 12 units on 11/14 at $0.15 and closed them on 3/15 at $-1.10. Total 12 units realised $-1554.96 loss after commission.

  • 5m:$-275.61/unit loss

Opened 5 units on 2/22 at $0.70 and closed them on 3/13 at $-2.01. Total 5 units realised $-1378.04 loss after commission.

Review

The point to review for the March period is the loss cut I made. Because the VIX was about to touch 30 pts and the term structure was about to the backwardation, I overreacted as if I was about to enter a full-fledged backwardation cycle and cut losses in my positions. Of course, it’s easy to say later on that it was a mistake, but I think it would have been better to have confirmed the “full of backwardation shape”. But I think the loss will be even bigger then.

Anyway, 100% win rate is impossible, and since I did adding a little bit to the future positions at the same time as cutting the loss, I should be able to recover the loss sooner or later.

One month history