The reason I tried options is because I had tried pretty much everything I could using shares and I still wasn't profitable after 4 years. Just like you, I tried many different strategies, trying to find my edge. I was almost ready to give up. I took a 1 month break to think things through and I came to the realization that I couldn't give up. I just hated the idea of giving up completely and throwing all I had learned the past 4 years to the garbage. I wanted to keep trying, but I had to make radical changes for me to be able to do so. That meant:
1- A small account, 5000$CAN per year max.
2- Reduce monthly expenses. No more DAS.
3- Try something different because, clearly, what I was doing was not working.
There's 1 thing I felt like I could do good, and it was to find patterns with extremely good probabilities. Sure, they didn't happen very often, but I thought that if I could play only those times and put more risk on them, I could make a big chunk of money in 1 big trade instead of trying to do a lot of smaller trades every day. And that's where options seemed like the perfect choice, since you can do completely insane returns with them. My plan was to wait for a perfect setup and go all in on it with options and try to make something crazy like 50 or 100% return. That was the plan anyways. So, of course, I didn't have the patience to wait for that perfect setup and ended up taking smaller setups but using options this time, to kinda get the hang of it and prepare for the big day, which wasn't a bad idea. That's what got the ball rolling on options for me.
I finally got my big day where I felt like the setup was pretty much 99.9999% probabilities of success and made 5000$ in just a couple of minutes. It was crazy for me.
But you are right, my strategy could be done with shares too on any normal day, it would just require more capital, and it would also limit the returns you could get, as shares don't move nearly as much as options.
I've been trading Futures more and more lately, the MNQ to be more precise. I find that, in times of high volatility, it's a little bit easier to trade. So I alternate between TSLA options and MNQ these days. But those are the only 2 tickers I'm watching, every day. There are a couple of advantages to that.
1- I can sit down at the computer only 2 minutes before the bell. My preparation consists of looking at the MNQ and TSLA charts and adding levels if I see new ones that could matter. I just ignore everything else and it saves me time and energy. It takes me a couple of seconds and I'm ready to go.
2- I got to "know" TSLA and I feel like I can predict moves better because I'm used to how it moves.
3- The MNQ is Nasdaq Futures, and TSLA is in the Nasdaq. So they are both very related and it helps to predict moves on one side or the other.
4- I replaced the 4 charts of different stocks in play I had with only 1 big chart of the MNQ 15 minute. That allows me to have a better view of the whole market on a larger time frame instead of only being zoomed in on the 1 or 5 minutes in a smaller window.
Anyways, that's where I'm at right now, and I'm sure it will keep evolving with time. I'm always trying to improve a little thing here and there.
Thinking about it, options forced me to wait for better signals because I had no choice to risk more on each trade, so I was more cautious with the kind of trade I was taking. And, with time, I realized that trading is a lot easier when you are patient and wait for a good signal. It's just hard to get the feel of exactly what is a good signal and what isn't. It takes a lot of practice and experience. Being a successful trader comes down to a lot of different little things that you put together to make it work. I feel like I'm starting to ramble so I'll stop here. Have a good one.