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I would recommend reading Debunking The "Trading Options For Income" Myth There are many crooks that will make you to believe that you can generate a consistent income trading options. Options trading is NOT an income producing strategy. If you want a consistent stream of income, buy dividend stocks, rental properties, bonds etc. When you are trading options (or any other instrument), there will be losing weeks, losing months and sometimes even losing years, no matter how good you are. If you see someone promising you a consistent stream of income from trading or investing, they are probably doing something similar to Bernie Madoff. Also, trading is a business. As in any business, prices are involved, and our profitability of success will always depend on our ability to get good fills. Every business revolves around this cost equation... If getting good prices was so easy, there wouldn't be any markets/any business. So there is no such thing "trades that are not as dependent on entry and exit prices" Sorry to be blunt, but I always tell people the truth, and not what they want to hear. If you want to succeed in trading, you must put time and effort. Otherwise just buy index funds.

For the record @jvo, I've been doing pretty good for 4 years now, though last year was my first loser. Almost 3 of those years have been on SO. And I'm an uneducated (literally) mechanic, if I can do this, I think most people can. The real killer is emotions and the desire to take the short cut to the pot of gold at the end of the rainbow. Even now, I have to strangle the little trading devil on my shoulder periodically and last year was a loser because I got greedy and changed some things. SO is the only legit trading website that I know of, I'm sure there might be some others but I haven't found any, and SO is very cheap, comparatively.

For the record I didn't do thorough research on covered call ETFs, but a few big ones I checked were beat by the index in the long run. From that I draw a conclusion that if professional fund manager cannot beat the market selling calls, then I shouldn't try to do it either. Again, may be I was unlucky to choose wrong ETFs and there are some which are doing well. But that was my conclusion after quick research.