Risk management is much more important than a good entry point. The max Risk of each plan should be less than 1% of an account. I am not a PRO trader. I trade option to test my trading plan with small cost.
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Buy Covered call Stock 1.01 x500, Sold 2023 Jan C2 0.5x5
in next 15 months: If Price Drops 50% to 0.5, make even. (2023 0.5 Put Delta -0.11, so, I have 11% probability to lose) If Price stays at 1.00, make 100% profit. If Price goes above 2.00, make 300% profit. (C2 Delta =0.7, I have 70% probability to win)