May 2023 period summary

Monthly summary

My result

My account performance is following.

  • 1m:$195.42/unit profit

Opened 12 units on 12/20 at $0.00, closed them on 4/21 at $2.00. Total 12 units realised $2344.98 profit after commission.

  • 2m:$229.41/unit profit

Opened 12 units on 1/17 at $0.89, added 6 units on 3/14 at $0.20 and closed them on 4/21 at $3.00. Total 18 units realised $4129.34 profit after commission.

Review

May period 1m had already traded above 1.5pts as my target to around 2pts when the final month started. I thought what to do but the realistic solution is to take profits when I can get them. Also I thought I might be able to make another round of trades, such as going into backwardation once in a month and returning it contango immediately. That is my hopeful observation, so I closed 1m and 2m positions anyway.

After that, the 1m exceeded 2.5 pts and it didn’t go into backwardation.

So, as a result, it was a period where I was able to make enough profit without feeling so frustrated. Thanks contango!

One month history