I ve had many stocks which did just what I expected them to do - about two weeks after my option expired. I also hate covered calls. I ve watched stocks drop like a rock while I was holding a call on them. Oh sure, I could have sold when they dropped too far, but picking that point is easier said than done. Plus, they are a real pain to deal with around tax time.
Option plays are also complicated.
I have designed a system that is easy to understand and to keep track of. When you have more than 10 stocks in your portfolio, remembering which ones have calls, puts, spreads, strangles, or whatevers on them becomes a nightmare. As for Nevada corporations and entity structuring. And once you do that, you ll probably want to use a local attorney or advisor to set up your financial structure. In general, I d say that Wade Cook s Wall Street Money Machine is a great inspiration, but tmper it with the advice above for more consistant wins and fewer big losses.