soybean meal trade seasonal futures commodity spreads zmv16 zmv17

Trade Result: Soybean Meal with Profit of 410 USD

Sell ZMV16 – ZMF17: short October 2016 Soybean Meal and long January 2017 Soybean Meal

August 29: sold 1 ct based on double top formation and breaking the s/r. Risk per trade 2.6 %. SL set on 5.9 and initial PT was -3.3, as usually set in accordance with support and resistance levels.

September 23: I moved stop loss little bit above previous s/r on 1.6. With profit secured by stop loss I let the spread run with the trend.

September 27: FND was approaching and I did not want to risk the price will move in opposite direction. That’s why I decided to close the position with profit of 410 USD, which is 4% (net result) of my current account size. 

(click on image to enlarge)soybean meal trade result seasonal futures commodity spreads zmv16 zmf17

Summary

Profit/Loss Side Cont. Entry Date Entry Price Exit Date Exit Price Comm.
410 $ Sell 1 2016-Aug-29 3.3 2016-Sep-27 -0.8 11.24
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