Covered Calls - Golden Rules 🔥 for Covered Calls - Part 1

I'm author of the cash flow machine fundamentals book, it's a system for trading covered calls for reliable income. It's not just any buy the stock and sell the covered call against it, there's a whole system. So I believe if you're going to learn how to do anything, you have to learn a proper way to do it so that you can repeat it over and over again, I think, you know, some of the most successful things in life are formulas, right?
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I made my 2%(to 4%) a week using my covered call system for Options Trading and generating Cash Flow on a consistent regular basis.
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Transcript: If you want to go out and play golf, you have to grab the club the right way, swing it the right way. And you have to do it the same way every time. And you can kind of start to predict the result. Unless you're me, and you play golf, like I do. And my golf results are completely unpredictable. But you get the theory, the theory is have a system with rules so that you can take the emotions out of your trading. Part of our system is that we use what we call golden rules. And in this video, in a few other videos, I'm going to be talking about some of the really critical rules that we have in our system. So let's start with the first one. And that's going to kind of set the stage for all of them. And that is, don't be tempted by sexy returns, you know, a lot of we do covered calls on what we call solid, exciting stocks. You know what the solid exciting stocks are, they're good quality growth stocks, high caps, held up by the institution. So things like Tesla, Apple, Facebook, Microsoft, PayPal visa, you know, these are companies that will probably we can't say anything for sure in the stock market will probably be around in a few years and a year in 10 years, those kinds of things. Anything can change, but we want to be trading stocks and investing in stocks that are going to be around, we don't want to have things that have the potential for going out of business, just one more thing we have to worry about. So our first rule is don't be tempted by sex returns. So for example, I'll go out there and I'll get some good juice, that's the time premium we get. That's really what we're after in the cash flow machine covered call system is we'll go out there and we'll collect some juice. And it's pretty good on Tesla, for example, it's okay on Apple, but some people call me and they go Yeah, but I looked at this AMC stock and the juice is incredible. And I'm gonna go, but AMC stock can go down 25% In the morning, or up 25% In a morning. And you know, if you're not prepared for that move, you're not going to be able to handle that move. And it's going to cost you Why do you want to have that extra headache, right? Just invest in solid, exciting stocks that are going to be around, it's a simple thing. Plus, you know, these stocks aren't held up by Aunt Shirley and Uncle Johnny, right, they're held up by the big institutions, when you get into some of these meeting stocks, there aren't institutions that are putting their billions of dollars behind holding a stock up, that's what you want, they can come down sure a lot of tech stocks came down in 2021 by a lot. But by and large, those they went back up because those institutions were able to prop those back up, rather than just getting out of the way and letting them go to zero. So you want to be really careful about what you invest in. And you don't want to just shoot for big ol sexy returns in a week or a month, you want to have a consistent income. That's number one. Number one, you want to align our four pillars, okay? If you can align these four pillars in your direction