This is the account that I will start my quest for a 10% return over one year. It has remain dormant for the past few months after I quit from the trading arcade. My fast TT trading platform plus stable Internet lease line is still very very slow compared to the co-location of the Algo machines beside the Exchanges. No more calender spread trading, arbitrating and scalping, the machines have replaced these manual specialist traders.
This account bring back fond memories of my glorious days as a floor trader, it's not uncommon for floor traders to make 100% return a month as the brokers offered us up to 4 times the Exchange margin for short term trading like scalping or spreading. The machines have taken over these roles, they are so fast that sometimes I had my trade filled without even realizing it. It's time for me to move on. I have lost my edge in short term trading.
I have not put on any trade so far, training my patience, no hurry, I have got a year to do so which in the past, it would have taken me just a day for a 10% return. Now I am back to earth, learning again how to trade longer term. It won't be easy even for such a miserable return, what a joke! Where is the confidence? Where is the passion? It has faded away.
The account is mostly in Sing dollar, thus trading other currency contracts would incur interest on margin holding them. The most appropriate contract would then be the Simsci which is in Sing dollar. At the price of 3470 currently trading, one Simsci nominal contract value would be S$69,400 giving me some leverage over the roughly S$45,000 capital base.
It's unfortunate that the Simsci options contract failed to take off, or else it would be good to write the call option to get some passive income hedging against a long position.