How To Find The Best Stocks For The Wheel Strategy
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- Опубликовано: 10 июн 2024
- Learn how to find the BEST stocks for The Wheel Strategy!
To get the transcript and MP3, go to: www.rockwelltrading.com/coffe...
First time here? Watch this video: go.rockwelltrading.com/StartHere
The 4 step process I use when picking the best stocks to wheel:
Intro 0:00
Step 1: Using the Right Scanners/Filters o:35
Step 2: Check the Stock's Correlation 3:55
Step 3: Double-Check Google Finance 6:05
Step 4: Check the Support Level 8:20
Learn more about our Trading software, the Power X Optimizer: bit.ly/PXOToday
Recommended Links & Videos:
The "Wheel" Strategy Explained: bit.ly/3ePN4qT
How To Fly Rescue Missions: • Wheel Strategy Tips - ...
Wheel Book: www.rockwelltrading.com/the-w...
Trading with Margin: • Trading With Margin - ...
My Trading Routine: go.rockwelltrading.com/my-tra...
The Wheel Strategy explained in 15 minutes: www.rockwelltrading.com/coffe...
#StockMarket #OptionsTrading #TheWheelStrategy
Did you enjoy this video? Let me know your thoughts in the comments below! New to Options Trading? Start here: ruclips.net/video/Nsp3LiFKeuA/видео.html
Very informative, thanks man
You are welcome! :)
By the way we are running a special for April only. Refer a friend to our software and earn $500! Here is the link to sign up www.rockwelltrading.com/register-referral-partner-500/?RUclips&PXO-&
Marcus, great video. What parameters do you use for the correlation between the stocks?
Hello, thank you for this informative video, But what are your selection criteria for the Premium annualized, green, orange, red? Thanks
Best tips out there. Any sale coming up for powerx?
Thank you! You chose the perfect time to ask!
Right now, the Power X Optimizer is only $1997 ($1,000 off). You can read about our updates and purchase it here: www.rockwelltrading.com/products/10-44-powerx-optimizer-mar22/?RUclips&PXO-&Markus&
We also are running a special for April only. Refer a friend to our software and earn $500! Let me know if you'd like this link as well!
Really enjoyed your video. I was wondering for how many puts I can treat with my account size and how far out I should sell the put? Do we have any calculations that can best optimize how many contracts should be traded? For example, 10k, 25k and 50k?
Great question. I'm using the PowerX Optimizer to calculate the number of contracts I need to trade based on my account size.
In a nutshell: Buying Power / 5 / (Strike Price * 100)
Does this help?
Nice. Very detailed.
Appreciate it! And nice name! How long have you been trading for?
@@rockwelltradingservices Thanks. I have been trading for 5 years and following you as well.
@@IroncladTrading Amazing. I liked your video on how to measure volatility and risk by the way.
@@rockwelltradingservices Thank you so much Markus. I have been always fond of your videos. May be in future, we can show the PowerX to my subscribers or do something together. I will email you when ready.
Sounds good! Looking forward to it.
Hi Markus. Regarding your annual profit calculation, do you use return on capital or return on risk capital? Thanks, Matt.
I use "return on capital" that I need for the trade. Since I'm selling puts, you might consider that the "risk capital". Does this help?
@@rockwelltradingservices Yes, thank you Markus.
If you are selling puts/calls, do you factor in volatility? Because not all options are created equal...a TSLA will earn you more, but will be more volatile. Something like Macy's would be alot less volatile and earn you much less
Very curious why PXO calculator had annualized premiums increasing as the days go by. When I enter trade at 30% annualized and a few days go by, now it says a much higher profit in orange. Reason for this?
Great question: Right now, we're not "locking in" the days when you sold it. We are planning to do that in one of the upcoming releases. Stay tuned!
I ‘ll admit, I got a little giddy when I saw a new video dropped! I love your plain and simple criteria, Markus, either it fits, or it doesn’t. Thanks for another juicy one.
Thank you, Jake White. Yes, I love to keep things simple especially when I trade. That is why I developed the PowerX Optimizer so that I do not have to do all the thinking. ;)
Right now, the Power X Optimizer is only $1997 ($1,000 off). You can read about our updates and purchase it here: www.rockwelltrading.com/products/10-44-powerx-optimizer-mar22/?RUclips&PXO-&Markus&
We also are running a special for April only. Refer a friend to our software and earn $500! Let me know if you'd like this link as well!
What about Ford ticker “F”?
Looks too erratic for me. I prefer stocks that are moving sideways. Ford has been crazy: Up a lot and then crashing down. I believe other tickers are much better.
Does this help?
Thanks for the cool recommendations! Do you trade cryptocurrency options?
I didn't know that there are options on cryptocurrencies. Where can you trade those?
@@rockwelltradingservices Probably trade stocks which are into bitcoin mining like RIOT, MARA as they have high correlation with BTC. Actually these stocks are quite opposite to what you just taught, i.e. these are non-value, highly volatile, non-dividend stocks, and not ideal to trade if you want peace in life. :)
I'm trading AMC right now due to high IV of the stock. A single contract with a strike of 15 just netted me 107.00.
Do you ever ask yourself why that is?
@@ryanh4571 of course I know why but I might as well enjoy this while I still can. The company isn't going anywhere anytime soon.