Trading Strategy With A High Win Rate - Why I LOVE Trading "The Wheel"

If I start with 5k, I.can pay only your subscription charge of 147 per month

"The Wheel", including the name, has been around for a very long time, so please don't lay claim to the strategy or the name. Make sure to tell your subscribers about the significant dangers of weekend margin calls on the Put side. With that said, it's a very sound strategy ,and if you can average 2-3% per week, you can turn a 10k account into a million in 5-6 years. Legitimately! By the way, I'm not a subscriber of yours, nor am I selling anything myself. I use this strategy with about 50% of my account. It's capital intensive, but is very very reliable (and so easy it's kinda boring)! My unsolicited feedback? The Wheel is a winning strategy, and Markus treated it well here.

Cool THANK YOU FOR POSTING this video please don't stop posting because i see you as guide 👍🏻

Great video!
QUESTION... do you always go out 4DTE to 7DTE or do you go out farther out?
Thanks

Do you send the position size details in your alerts? I am trying to understand if this can be traded on a smaller account as well?

Why buy back at 90% profit vs wait for 100%?

GREAT COMPILATION VIDEO !

My winning percentage running the wheel strategy for the past 3 months is 100% too so I believe YOU

Purchased 100 shares of Tesla and 200 shares of Apple on 10/19. Sold 11/6 covered calls for both stocks and made around $800. Waiting to get assigned to sell all shares for more profits or sell more covered calls after expiration to collect another $800. Not a single stress in trading with this strategy. Planning to invest $800 profit into my long term growth portfolio to accelerate my path to financial freedom. This is such a powerful tactic for anyone doing the F.I.R.E. movement. You can liberate yourself from working at a 9-5 corporate job and retire young. I am making just a little more than minimum wage and I am on track to retire at 40 with at least a million dollar cash which I plan to invest in a 7% dividend portfolio and collect at least $70,000 annually in my retirement.

Only problem is having a broker that allows you to sell puts

i love it when the make sure to let everybody know how small a $50,000.00 is to them.

Super important to pick the right stock with enough IV and finding balance for enough premium per day , a good strike price and DTE.

Video is good info. I was doing this strategy but then picked some losers (my mistake) and got assigned and holding the traces still. What advice do you have on the losers? Sell the stock and move on?

Hi Markus. Can't say I understand how that strategy actually works. If it was possible everyone would do it. One question in regards to your " power income alert system" Are these on stocks and options trading platforms only or? Also would try out the service to see if your a good predictor but too expensive.

Great video!
QUESTION... do you always go out 4DTE to 7DTE or do you go out farther out?
Thanks

Can we copy ur trades on this wheel strategy cause i dont have time to learn all this.

Wow i love you..
you explain if so perfect
Going to do this with amd tomorrow

Any cyber monday discount?

Hi Markus, thanks for the video. Is this offer still available? I’d like to try for one month if the offer was still available. I’ve got the book. I got scammed by forex traders. I wish I had seen your videos on exposing scammers earlier. Anyway, please let me know if the offer to get trading alerts for 1 month is still available. I have just discovered your channel few days ago. Thank you!

Hi sir, I enjoyed your video but I have some queries. Why is $20 PPD the minimum threshold for you ? It seems like an arbitrary number. Secondly, do you pick strike prices based on some probability of OTM or delta ? Because if one merely aims for high premium, one could pick high delta strike price and mess up the strategy. Appreciate your thoughts.

Started trading covered calls and cash secured puts 3 weeks ago.. I'm learning (that's why I'm here) the wheel strategy.. I made a rookie mistake the first week on AT&T call having 200 shares assigned the day before the ex-dividend date... I thought I checked ahead of time, but apparently not... The next day I just sold 2 puts for the same strike price and collected more premium... I learned something new today...I always thought there were 365 days in a year.:)
Thanks for the video and subscribed...

Brilliant! I'm a new options trader. I love this method. You explained it very well and thanks for sharing.

The idea is to constantly collect premiums and who cares what the price is. I'll sell puts or calls. Every once in a while I make a small gain or loss no big deal. I think I'm going to do this with 30% of my portfolio to just generate premium income.

It is a misnomer to say the least. Your wheel will hit a rock when the VIX shoots up. It is possible theortically. There are too many ways that can go wrong.

Markus, awesome video and waiting for ur book. Never did the PUT side but I’m leaving $$ on the table. So, do we “sell to open”a PUT similar to “sell to open a call? Also, the best time to sell a PUT is just before expiration (week) Thanks in advance.

I do trade in ASX. Do you have that service in Australia stock market?

hi, the account is 50K or the buying power is 50K? I had bad experience with margin account.

Hello Markus , so you are looking at-least $20/ day per trade. Can you tell me what’s your minimum you go with per options (like $15/contracts or lower?)

Thank you Kindly 😊

Is the Power income alert service still available?

Marcus, Why don't we just keep selling puts on the DOW? Leave all other strategies aside as this 'seems to be consistent/repeatable?'

What will you do when the stock price goes down a lot and you will be assigned ? In this case you can't sell call options because either the premium of call option would be very low or you would sell call option below the original stock price. This seems to be a big issue for this strategy. Thanks.

Really appreciate live examples. Market seems too high right now. Still a very good system in the right market.

Excellent presentations. Question: how do you find the stocks for all your strategies. Which screener do you use and what criteria do you plug in to the screener say to find the stocks for this strategy?

I saw a video that you did where you talked about the three indicators you use when trading the wheel (RSI, Stochastic, and MACD) but I can't find it now. Can you tell me which video it was?

Very interesting video!
Thanks for sharing.

I have a question: are you selling only “cash secured puts” or are you using margin as well ?

With a strike price of $100, how many contracts can we see with a buying power of $50K? Only 5 ?
.. and we decide a very low delta, i.e., less than a deviation standard ?

What are your thoughts on stocks that sell for under $2 using this wheel strategy? I have been doing this a while and getting great returns. These stocks can’t get much lower and historically had much higher stock prices in last several years and now have great premiums. I try to pick stocks with strong price/book values, strong buy recommendations from analysts, and strong insider buying. Returns are great because not much cash used. If they fall and I’m assigned, I just hold until can get a decent call sold.

DOW is a chemical company, not the Dow Jones Industrial Average

It's very worrying that you traded DOW chemical thinking it was the DJIA

As you should be aware, there is no "Perfect" trading strategy. Will I eventually have a losing trade? Of course! But, "The Wheel" is an amazing high win rate, trading strategy! Let me know if you're trading "The Wheel" in the comments :)