Last week, I didn’t take many actions in my NVIDIA option trading. I did two things: on Monday, April 21, when the market was down, I sold a few put options. On Tuesday, even though the market ticked up slightly compared to Monday, I closed out all my NVIDIA call options.
Although I didn’t trade much, the few actions I took brought good returns — and honestly, this is how I think trading should be.
Trading isn’t about acting every day. It’s more like fishing: you wait patiently for the right moment — the moment when the reward-to-risk ratio feels comfortable for yourself (here again it is a personal judgement call. The ratio feels comfortable for me, may not feel comfortable for you) — and then you act decisively. Once the decision is made, you leave the rest to the market, staying calm and decisive when it’s time to exit your positions.
I also find that the 20/80 rule applies well to trading — about 20% of the effort or time often produces 80% of the results.
Disclaimer
I’m not a financial advisor or a lawyer. This post is based purely on my personal experience and understanding of finance. It is for entertainment and personal documentation only. Please don’t take it as financial, investment, or trading advice. Always do your own research before making any financial decisions.