May 2013 -1.5% YTD +6.30%

Dear Investor,

The month of May -1.5% YTD 6.30%.

This is the third consecutive month of continuous suffering. The markets move absurdly, and all I do is suffer and lose money. The movement previously demonstrated by a spread in the period of a month happens now in one single day.  The worst of all is that it makes you think that everything would go well and when finishing the session you return to the initial point or you are in loss. One cannot trade like this.

I analyzed the operations that carry my fundamental support, and despite being a little bit against me, right now I think they can work. I have to allow a wider stop so that I would not be swept away by the market with its present volatility.  This means more movement in the account. I am sorry, but in these conditions this is the only way to be in the market. If this does not give a result either, I will limit the positions to almost zero, I will devote my time to watching the market without doing anything.

I can guarantee you that psychologically it is tough and exasperating. I am here every day looking at the displays with the market and my positions, searching for something that would confirm changes in the seasonalities or in the fundamentals, and there is nothing. The prices however, they move against and for, and this is what kills one: seeing in the middle of the session that everything goes well, and at closing seeing that the daily P/L is in the red again.

Such are the markets, this is a long-distance race, and in these times the idea is to lose little and take advantage of good things. If it was easy, then everyone would make money.

As always, should you have any questions do not hesitate to ask me.

Gregory Placsintar 

Principal/Head Trader

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THE RISK OF LOSS IN TRADING COMMODITIES CAN BE SUBSTANTIAL. YOU SHOULD, THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

Greg (Author)

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