I also have 118 draft points right now and I am tanking this season. I would suggest using Scouting Combine and Group Demonstration options first. Then you can scout all 18 yo. players and interview 4-5 balls players hoping to find 5 potential ball player. You can also scout 19 year old players too, if you want (some 5-5 19 yo. players have a chance to be great players, 60-70TSP).
After you have found the good draftees, you can spend some points to learn specific 1-2 skills about all of them to make your decision clear. If you can find 5-5 bigs for example, you can learn their OD, PA or IS, ID for short players.