This is the only trade done so far for the account. The option still have 3 weeks to go before expiry. The margin utilised is S$2,364.87 out of the capital of S$44,328.03, so I am actually using a small portion of the margin in a futures account. It's a very conservative approach to trading, that's why I can sleep soundly to attain a 10% return for this account.
This trade only cost me S$1.24 in comm, very cheap. The broker will be charging me interest for the negative Yen account, probably around 3% in a almost zero interest rate environment in Yen borrowing. That's where the Exchanges and brokers make extra money out from the traders, and they pay peanuts for my positive S$ account. And of course, they don't pay interest on any credit balances in the Yen account.
Some readers may feel the risk I am taking is too high for only a limited return but I felt otherwise. I will show my trades but not going to explain the reasons behind taking such trades. We shall see whether how I perform in a year's time. It's challenging for me firstly to show the account and secondly, for trades that are longer term which is not my forte. So, please don't follow what I am doing as my cut lost level is quite far away.
I will be looking out for more trades to add on whenever the opportunity arises, it might be a roller coaster ride that I have been used to all these years.