Again, it seems that fate is playing a joke on me. Just when I think I have "got it", the market slapped me with a reality of CHF2000 loss. When can I achieve my dream?
I am still working on it, and I really, really want to prove to myself as well as to the world I am no push over. But the more pratical reason is that I need the money for my about to be borned son.... I owe it to him and my wife to provide them with the best.
I want to set myself this goal of achieve 1 mio CHF. So I set up milestone as follow :
1) Attain 100k - treat to Shima
2) Attain 200k - treat to either Pan Pacific Jap restaurant or Raffles City Jap Restaurant
3) Attain 300k - treat to Les Amis Restaurant
At least I have some incentive when I hit my target. At the meant time, just hope that the market will be kind to me......
Monday, June 23, 2008
Wednesday, June 11, 2008
Sigh, my profit earned last month is almost wipe out this month. What the heck is happening to the market??
Day by day, I am just gettingmore and more sick of this working place. I deam of setting up my own business. I dream of just renting a service office at a few hundred dollars whereby I can have access 24/7 and an internet broadband conection so that I can have a place to go to do some work ( not serious work though). I dream of printing my name card so that I can tell the world that I am on my own, giving myself a fancy title like MD. With a service office in town, I can pop in anytime I like and use the workstation to take a rest, read books etc., a very attractive option. But the cost is high compared with other option. Forexample, if I take a season parking at URA, it cost 180, plus the service office at 450, the cost comes to 630 per month. Throw in ocassional drive around it probably comes up to 650 per month. Alternative is to just have the season parking only, than the cost is 180. But this mean that I have to hang around town either in the library or some other places for the whole day, which is not very appealing. So have to factor in more trip back home and the cost will probably come to say 250. Lastly, forget both the season parking and service office. That mean have to make 2 trip per day. So if I were to travel to say the library etc, need to pay for additional transportation, plus need additional electricity bill. So think all in is about 150. It seems that the season parking only option is the best compromise, but I really hope that my trading business can be good enough to pay for the service office. Only with a service office will I really feel that I have achieve something...
But all this is just that, a dream. I still need this job to pay my bill... so what to do but to put up with my idiot boss?
What my life is such a failure? I can emphathise with the Japanese guy that went on a killing spree in Akihabara..... I can understand how he feel. Being from an elite school but face lossing his job, tire of living..... well all these are just too similar to my situation. ut at least I am slightly better, still have a job (though it sucks), a wife (I thank God for having her as my wife), and will be a father soon. I really need to make my this trading business work, not only for myself, but also for my baby boy. I want to give him the best, I want him to have a good education, I want him to achieve things that I did not achieve... I put my hope on him....
Day by day, I am just gettingmore and more sick of this working place. I deam of setting up my own business. I dream of just renting a service office at a few hundred dollars whereby I can have access 24/7 and an internet broadband conection so that I can have a place to go to do some work ( not serious work though). I dream of printing my name card so that I can tell the world that I am on my own, giving myself a fancy title like MD. With a service office in town, I can pop in anytime I like and use the workstation to take a rest, read books etc., a very attractive option. But the cost is high compared with other option. Forexample, if I take a season parking at URA, it cost 180, plus the service office at 450, the cost comes to 630 per month. Throw in ocassional drive around it probably comes up to 650 per month. Alternative is to just have the season parking only, than the cost is 180. But this mean that I have to hang around town either in the library or some other places for the whole day, which is not very appealing. So have to factor in more trip back home and the cost will probably come to say 250. Lastly, forget both the season parking and service office. That mean have to make 2 trip per day. So if I were to travel to say the library etc, need to pay for additional transportation, plus need additional electricity bill. So think all in is about 150. It seems that the season parking only option is the best compromise, but I really hope that my trading business can be good enough to pay for the service office. Only with a service office will I really feel that I have achieve something...
But all this is just that, a dream. I still need this job to pay my bill... so what to do but to put up with my idiot boss?
What my life is such a failure? I can emphathise with the Japanese guy that went on a killing spree in Akihabara..... I can understand how he feel. Being from an elite school but face lossing his job, tire of living..... well all these are just too similar to my situation. ut at least I am slightly better, still have a job (though it sucks), a wife (I thank God for having her as my wife), and will be a father soon. I really need to make my this trading business work, not only for myself, but also for my baby boy. I want to give him the best, I want him to have a good education, I want him to achieve things that I did not achieve... I put my hope on him....
Wednesday, June 04, 2008
Goals
It seems that my boss is renting out this office building and we have to shift to other place.
But what really pisses me off is that I am kept in the dark. Not a single word was told to me. I need to ask other people what is going on. I just wonder why? Why is that idiot managing his company in this way.
It is really of low morale working for such person. Not only is he an idiot, he is also suspicious of people (maybe because I am not of the same race as he is, which is an Indian).
Now I really hope that my trading can take off an I can rely on my trading for my income. However, the reality is that I am still not there yet. Last month result is a fluke. I calcuated that for this month, chances are that my return will probably be around CHF2,200... this is hardly enough for me to pay all my fixed expenses! I still need this job to pay my bills, thus leaving my trading income as my capital and reinvesting in the business. So no choice, L.L., still need to continue to work here and take his nonsense.
I asked my wife how much is her boss drawing per month. She said about 16k, if include housing allowance and all that, probably around 20k. Ok, base on 16k, that is about 2X my salary. Her boss is the MD for the company, and I am just an ordinary empolyee drawing about 8k. So if I benchmark my own earnings against his, I need to make another 8k from my trading per month.
If things goes smoothly, it is possible. But I cannot hasten the process because of risk management. If I can achieve 1.5% per month, it will take me 10 years. If at 2%, it will take me 6 years. But if at 3%, than I can achieve it in 3 years! And if I increased it to 3.5%, than I can make it in 2 years. All this mean that if I want to achieve my goal of having a trading income of CHF6000 within 2-3 years time, I need to have a return of about 3.0-3.5% per month.
This, I must say, is unrealistic, but not impossible due to the fact that the percentage return is based on a relatively small capital, which therefore not subjected to liquidity problem. Moreover, the 3-3.5% is not going to be compounded forever. So I think it is an achievable goal, and in fact is a worthwhile goal to pursue.
I dream of being a stock trader since young. I also dream of being an entreprenuer. By trading on my own account, I in fact combine the two dream into one. So what else I need to ask for in life when I can achieve my dream? Furthermore, with an extra income of CHF6k, I can also afford to travel more often. This may be even a better option given that business travel is not that fun after all (though I do enjoy my business travel when I am with Electrolux).
I have already registered a company, although never have the intention of doing anything with it but just to remain it as dormaint for other purpose. Also, it is a symbolic act on my part to tell myself I am starting and running a business. I have yet to print any business card for 2 reasons, (1) I am still an employee of my current company, and (2) I do not want to have my personal business card before I can achieve my monthly trading income of CHF6,000. Of course, I can always change the monthly trading income target to say CHF4k or CHF5k, but regardless, it should be on a consistant basis.
The reason why I ut it at CHF6k is because that will equal my current pay, and also the combine income of my paycheck and trading income will be the same as my wife's boss's income. So by than, at least if I were to give others my personal business card (which I will put my title as MD), I will not feel embaress about it.
But what really pisses me off is that I am kept in the dark. Not a single word was told to me. I need to ask other people what is going on. I just wonder why? Why is that idiot managing his company in this way.
It is really of low morale working for such person. Not only is he an idiot, he is also suspicious of people (maybe because I am not of the same race as he is, which is an Indian).
Now I really hope that my trading can take off an I can rely on my trading for my income. However, the reality is that I am still not there yet. Last month result is a fluke. I calcuated that for this month, chances are that my return will probably be around CHF2,200... this is hardly enough for me to pay all my fixed expenses! I still need this job to pay my bills, thus leaving my trading income as my capital and reinvesting in the business. So no choice, L.L., still need to continue to work here and take his nonsense.
I asked my wife how much is her boss drawing per month. She said about 16k, if include housing allowance and all that, probably around 20k. Ok, base on 16k, that is about 2X my salary. Her boss is the MD for the company, and I am just an ordinary empolyee drawing about 8k. So if I benchmark my own earnings against his, I need to make another 8k from my trading per month.
If things goes smoothly, it is possible. But I cannot hasten the process because of risk management. If I can achieve 1.5% per month, it will take me 10 years. If at 2%, it will take me 6 years. But if at 3%, than I can achieve it in 3 years! And if I increased it to 3.5%, than I can make it in 2 years. All this mean that if I want to achieve my goal of having a trading income of CHF6000 within 2-3 years time, I need to have a return of about 3.0-3.5% per month.
This, I must say, is unrealistic, but not impossible due to the fact that the percentage return is based on a relatively small capital, which therefore not subjected to liquidity problem. Moreover, the 3-3.5% is not going to be compounded forever. So I think it is an achievable goal, and in fact is a worthwhile goal to pursue.
I dream of being a stock trader since young. I also dream of being an entreprenuer. By trading on my own account, I in fact combine the two dream into one. So what else I need to ask for in life when I can achieve my dream? Furthermore, with an extra income of CHF6k, I can also afford to travel more often. This may be even a better option given that business travel is not that fun after all (though I do enjoy my business travel when I am with Electrolux).
I have already registered a company, although never have the intention of doing anything with it but just to remain it as dormaint for other purpose. Also, it is a symbolic act on my part to tell myself I am starting and running a business. I have yet to print any business card for 2 reasons, (1) I am still an employee of my current company, and (2) I do not want to have my personal business card before I can achieve my monthly trading income of CHF6,000. Of course, I can always change the monthly trading income target to say CHF4k or CHF5k, but regardless, it should be on a consistant basis.
The reason why I ut it at CHF6k is because that will equal my current pay, and also the combine income of my paycheck and trading income will be the same as my wife's boss's income. So by than, at least if I were to give others my personal business card (which I will put my title as MD), I will not feel embaress about it.
Sunday, June 01, 2008
My May trading results is the best I ever achieve, a return of CHF3,810.
Of course, there is a certain amount of luck in play as the market for the month of may does not move much, and there is good for seller of options like myself. Also, the market has an upside bias for the month, so a net long position in stock helps.
If I strip it out, I think my profit should be more like 1500-2000. Still, I think this is a good result for me. My aim is to make 6k consistanly so that the amount is the same as my full time pay. Once I can achieve that, than I will be financialy free in a certain sense.
I am not sure if my good run can continue, but I must keep faith in myself, just like I never give up this dream in the past even I made heavy losses. Not only it is my dream, but in a sense, it is also because that now I have no choice. I cannot find another job anymore, it seems. And I am regretting making the wrong career choice of rejecting ARA's offer. Now, I am paying the price for it, I supposed. But if one belief that everything happen for a reason, and I can ultimately trade for a living, than that may not be a bad decision. After all, my current job gave me the time to do research of trading method which I find it now useful. I may not have this chance if I were to join ARA.
With my baby boy coming in Jul, I just want to focus on my trading, and with my full time job paying for my expenses, I am feeling a little better. The only uncertainty now is whether I can hang on to my job long enough till my trading income exceed my full time job income.
Of course, there is a certain amount of luck in play as the market for the month of may does not move much, and there is good for seller of options like myself. Also, the market has an upside bias for the month, so a net long position in stock helps.
If I strip it out, I think my profit should be more like 1500-2000. Still, I think this is a good result for me. My aim is to make 6k consistanly so that the amount is the same as my full time pay. Once I can achieve that, than I will be financialy free in a certain sense.
I am not sure if my good run can continue, but I must keep faith in myself, just like I never give up this dream in the past even I made heavy losses. Not only it is my dream, but in a sense, it is also because that now I have no choice. I cannot find another job anymore, it seems. And I am regretting making the wrong career choice of rejecting ARA's offer. Now, I am paying the price for it, I supposed. But if one belief that everything happen for a reason, and I can ultimately trade for a living, than that may not be a bad decision. After all, my current job gave me the time to do research of trading method which I find it now useful. I may not have this chance if I were to join ARA.
With my baby boy coming in Jul, I just want to focus on my trading, and with my full time job paying for my expenses, I am feeling a little better. The only uncertainty now is whether I can hang on to my job long enough till my trading income exceed my full time job income.
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