Golden Rules in Option Trading.
Invest what you can Lose.
Your Stop Loss is your investment.
Time Period of Investment is Expiry of the Contract.
But overall Profit Should be your Minimum staring from break even to max of 3000 per lot.
Don't believe anyone follow your own conviction. And Apply your strategy in bull and bearish market for its results.
I am not a sebi registered broker but a Loser in Stock market. and trying to understand it's flow.