Bored with my day time job

Another boring day. Not sure if I can take it much longer. I mean, this job is definitely much better than the previous one, the only problem is that I am getting bored.

I really hope that I am making the correct decision to stay on here. I missed those days whereby I can travel around for job purpose. Now, I just stuck behind my desk and waiting to get rot each day.

The only reason why I wanted to stay on is because I have other plans. And the plan is to build up my trading capital via trading options. The aim is to build up the capital with a 2.5% return per month such that the monthly profit will more or less equals my monthly pay. At that point in time, than financial independent will truly sets in.

Than I can afford to travel with the same frequency that I use to travel previously in my job, about once every two months. I really need to make it, failure is not an option.

The days whereby I am out of job for a few months really frightens me a lot. I definitely do not want to go through those days again. It had the same feeling when I quitted SP and prepare for my “O” level English. That few months just feel miserable. But at least at that time, I am just a student and need not worry about any other thing. Worst come to worst, I can just choose to become private candidate and sits for my “A” level. Ut this time round is quite different, I do not have such choice anymore.

I just wanted to have a decent job with a decent pay so that I can support my parents and also give my wife a better life.

March results.

The result for last month’s trading was out. Down CHF136. This is a setback for me as I aim to make 2.5% consistently.

The reason for this underperformance is due to the aggressive strike level I have on the call. When the market turns, the call started to lost money and I did not get out soon. If I had not have such aggressive call level, I should be ok.

The other mistake made is to sell the call to increase the margin available, which is illogical if the market is in a strong up trend. The strike for the call I sold is too close.

Thirdly, part of the underperformance is due to FX, which should reverse if USD recovers, which I think is likely.

Month of wake up call

It seems to be a frustrating month for me. A few screw up and now I am now in my trading – again….although I may still end the month with a small up, but this is cold comfort as I need to make 2.5% per month. I think I still can make slightly more than flat this month, but will need to take additional risk.

The mistake made in this month is that I did not get out of my short call option when the indicator turned. If I had stick to the 15% margin, then I should be fine. But I was more aggressive and I should have gotten out of my more aggressive position. Then I compound my mistake by being too aggressive on the short call again. If I had stick to my rules, I believe I should make more, although I may not hit my 2.5% target because of market condition.

I have to succeed in this trading business, as failure is not an option.

Looking at others like my wife, brother, brother-in-laws, they are all traveling for business. Me? Everyday sits in the office with nothing much to look forward to except my Japan trip. If I can make a monthly profit of 7k, than I can even afford to travel once every 2 months or even once a month. The other reason is that if I were to lose my job, I will really be in deep shit. I really need to build up this thing so that I can still earn a living regardless what happen.

I need to be financially free, to do what I want to do. Now, I have to consider, and consider hard if I want to go for ONJ’so concert…… this should not be the case!

I also owe it to my wife that I should give her a good life.