Buy calls versus buy puts: Map all possible market conditions and limit your loss

1) Stock market is very bullish:
I'll buy a call option to profit from premium - buy low sell high. I may exercise my call options to buy 100 shares if it is in the money (ITM) because share price is above the strike price.
2) Stock market is very bearish:
I'll buy a put option to profit from premium - buy low sell high. I may exercise my put options to sell 100 shares (are currently holding 100 shares) if it is in the money (ITM) because share price is below the price when I initially bought.
What is my options trading strategy?
My options strategy: Keep it simple, Know your risk (KSKR). I enter an option trade by mapping all possible market conditions. To increase the probability of a successful option trade (make profit), I forecast the share price trend by more than one technical analysis (TA) indicators, estimate the stock value with fundamental analysis (FA) based on company earnings and verify with macroeconomics conditions.

The short answer is yes. The above strategies are not full-proof because the timing to enter or exit a options trade depends on accuracy in predicting price trend and risk level. Stock price can be very volatile and any unexpected share price reversal can make me lose my premium but such loss is limited. Greed (exit too late) and fear (exit too early) may cloud my judgement and make me lose money too. Blindly copy other options trade without knowing the risk is gambling; dyodd if you want to invest in options.