Just How do you know when exactly the price will go up or down when you buy options? Isn't that just gambling prediciting the future that the price of X will fall by 20 points in exactly 2 days time?
If you're smart enough, practice hard enough, have enough money, use a fast enough computer, and want it badly enough, you can always correctly predict the price movement.
If you fail, it's because you're not smart enough, didn't practice hard enough, don't have enough money, didn't use a fast enough computer, and didn't want it badly enough.
There is no luck in gambling. Er, I mean trading..
pretty much. you need to look at it as a game of probabilities. you WILL be wrong many times. you also will be right many times. all you need to do is make sure that the money you make when you're right exceeds the money you lose when you're wrong.
It's that easy!