For trades, I follow the moving averages. If the stock stays above the 10-day then it should go higher. That’s why I use 10-day as a stop. I look for alignment in descending order:
I want the SPY to be aligned with that, because trying to swim against the current of the market is tough. Then I Look for stocks or sector ETFs that match that alignment. The market usually has specific leadership when it goes higher. Not all sectors and stocks are making highs on the way up.
There are times the market chops side ways for months and the averages never align, so I don’t have any option trades on. I only want to play options if the odds are in my favor. Avoiding trading when the odds aren’t in my favor and discipline around cutting losers is key.
Investing long-term on fundamentals is different.