I'm a novice equities trader and am learning options. I'm familiar with Technical Analysis and am curious about the recommended options strategies for newbies, so I bought an educational boardgame from Trading Pursuits. The strategy seems pretty ok. It recommends that all of the following are met for entry: 1. 2-month upward or downward trend for call or put respectively 2. shorter MA has crossed longer MA to the right direction 3. candlestick's body is within the upper or lower half of the Bollinger Band It recommends the any of the following are met for exit: 1. Exit 100% if more than 50% of the body goes out of the Bollinger Band, and closes outside of the band. 2. Exit 100% if 25% stop loss is met. 3. Exit 30% after reaching 30% profit with Option bid price. Exit next 30% after reaching 60% profit with Option bid price. For the remaining, wait for #1 or #2. It looks like the system is designed to narrow down to just a handful of high probablility setups, and to exit quickly (especially when the Bollinger band is narrow.) What are the shortcomings of the entry and exit conditions of this strategy? How can it be improved to include position sizing and make it more robust? I figured even if the entry signals will be triggered only infrequently, if the probability for success is high, then that's good enough because there's enough leverage in options trading to compensate for longer "idle" times. Thanks.