There are 5 market scenarios.
1) Extremely Bearish 2) Slightly Bearish 3) Sideways 4) Slightly Bullish 5) Extremely Bullish Income generation strategies (selling cash secured puts, selling covered calls, selling poor man's covered calls (buy LEAPS and selling covered calls), butterflys, broken wing butterflys, diagonals etc work in scenario #2, #3 and #4. There were a few comments on how people got burnt by selling covered calls. That's because year 2020 was scenario #5. An anomaly. Also because income generation strategies are not supposed to be on speculative stocks. There is a time for each strategy and there is a strategy for each ticker. Scenario #1 and Scenario #5 call for altogether different strategies. The more well rounded a trader is, the more normalized the annual returns are. Else a perma-bull will make money continuously for 4 years and lose in 1 year. A Perma-Bear will lose money continuously for 4 years and make all of that and more in 1 year. My advice? Spend quality time in learning and mastering at least couple of strategies and you will be able to manage your own portfolio. That will take at least 3 to 5 years minimum, though. The power of F.I.R.E. is not just teaching strategies. The power of FIRE is COLLABORATION. If we can establish that within the community, it serves even economic, social & political purposes. That's the true goal of F.I.R.E.