XHG
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I’ve never done spreads trading but I’ve heard about it. And may I ask what you mean by “the income strategy”? Are you referring to selling options to collect premium as income? Either of those are consistent winners but black swan events can potentially wipe out weeks, months, or years of progress. I literally watched four “black swan” events happen this year alone in small caps. SCKT, XHG, SXTC, BIYA, all four were clearly auto-liquidation events that cascaded into presumably dozens of traders getting a call from the lady Marg… BIYA went haywire up 1,200% in a one minute candle. SXTC went up \~400% in a one minute candle. Both of those literally happened what, yesterday? Four minutes apart… You can’t manage your way out of a black swan event where someone else’s liquidation leads to your own due to extreme disconnect from fundamentals. I’m not a fan of strategies that are largely consistent but with a caveat of black swans literally putting you in generational levels of debt.