I don't personally recommend long options as a primary trading vehicle under any circumstances other than trying to limit my downside in an overnight long position. But if you feel a burning desire, you may want to look at 3X ETFs/ETNs that trade good volume and tight spreads. Develop a system that gets you into a good move and don't hang out for more than a day or two.
I read a couple of article that suggest for beginners its better to start with ETFs. Is this something that you think a beginner should start off with? Thanks for the advice, but it seems that jumping into a 3x ETF maybe a little risky for a beginner starting out dont you think?
You stand little chance of profiting by trading options unless your underlying is something that moves, and moves quickly. And except under rare circumstances, that does not include indexes that aren't leveraged. You need to embrace and welcome volatility if you are going to stand any chance of success in beating spreads and decay. Risk and reward walk hand-in-hand.
I know volume is the key to moving the underlying index and getting in out of the trade. I will look more into the 3xEFTs and paper trade them to get a grasp of how they are traded. Thank you for your advice.
Single legs, call/put, long/short depending on the situation and my opinion. But IMHO, you don't make money mechanically trade single leg options, buy or sell, call or put. Been there done that. The market is too efficient, no one, especially not the professionals or MMs will hand us retails free money willingly.
There is no edge needed in trading simple calls and puts, you are just making directional bets. No need to conern yourself with market makers or professionals just like if you were buying a stock outright. There is no special math or models needed to buy calls and puts. Study the underlying, pick a direction, pick a time frame, understand the basic risk factors and go for it. You don't need a quant or Ph.d in finance to simply place a directional bet.