SokarDaGreat

SokarDaGreat t1_jablqh2 wrote

Reply to comment by Thguru in and I wouldn't change this system for the world. by moonyou22

You didnt lmao, it only works out in your favor if the shares you have as collateral against the covered call are above your cost basis. If you are down pretty good and just selling CC’s to recoup some losses and then get early exercised you sold for a loss. Then as usual the stock will run up after the assignment and youll be sitting there with your dick in your hand and the shitty premium.

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SokarDaGreat t1_jablf0d wrote

Reply to comment by suasposnte187 in and I wouldn't change this system for the world. by moonyou22

Yeah but even Tom doesnt do it like a dumbass you can look at the majority of his trades he makes a day and its always 1-2 contracts. He is never selling dozens of contracts per ticker at any given point. You can watch his trades and see him get assigned and then the next day he either sells the stock or sells covered calls if he is down. If you actually are 100% disciplined and follow Toms advice, watch him and that one guys vids explaining strategies, markets, and everything else that goes into being a successful trader then odds are you will come out on top in the long run.

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