Hello tar,
This way of thinking will get your account blown up before you know it!!
If you can't successfully measure the market direction for a particular instrument (stock, index, forex etc.), don't even bother entering an option trade. The profits you have made, and the money you have in your pocket are the same. This is a mental rule that a trader must write on a piece of paper, and stick it on his trading terminal.
Especially for people just starting options trading, this is the mentality that makes them lose money consistently. It's this "false" impression of security writing options gives, that makes them many times reluctant to get out of a bad trade. You know, "I still have money, lets wait today and see what happens. I will get out tomorrow". No matter what your style is, no matter how greeks fall into your system, YOU NEED TO KNOW HOW TO MEASURE THE MARKETS SUCCESSFULLY.
In my book, a novice should start papertrading the plain vanilla side of the options, to see in real time the dangers and rewards of this type of trading. If he/she can master this, then proceed to options writing.
You should learn how to walk, before trying to fly.
famagusta