Need to fine tune my trading

Have been through a roller-coaster month with my trading.

I was up to CHF45,200 at one stage but now goes back to CHF44,377. The reason being that I was in 2 minds of what to do with the month of Aug when I am on holiday. So I thought might as well sell some puts for Aug expiry and take delivery of the stocks if get put on. While this sounded logical, the problem is that it upset my trading rhythm.

Furthermore, the trading of the FX has been pulling down my P&L as well. Again I am in 2 minds on this. On the one hand, I wanted the trading in FX to help to improve my P&L. On the other hand, I do not want the FX position to disturbed my option trading rhythm. So I think I ended up neither here nor there. I need to decide how I wanted to trade going forward. One of the considerations, while not related to trading of FX, is the base currency position.

While it is logical to hold multiple currencies so as to diversify the currency exposure, it created an unintended effect of affecting the P&L of my option trading which has nothing to do with the option position I took. Because, ultimately, I need to convert it back to SGD, and if CHF/SGD weakens, I will take a hit on the exchange rate, and therefore I wanted to diversify the currency base.

Reviewing my trades so far for this 6 months, while I think that I should be able to achieve the 2-2.5% target return per month, I still think that I should fine tune my trading method as there are a few times if I had followed the rules, I would have come out better.



Anyway, I must be grateful as now I am much better compared to a year ago. I am confident that I can achieve what I want, given enough time.