Finding Winning Stocks For The Wheel Strategy - Trading Like A Pro

[@rockwelltradingservices]

What other topics would you like me to do a video on? Let me know in the comments. Recommended Links & Videos: The Wheel Strategy Playlist: kzbin.info/aero/PLBa3sAx-Io2mybLLdWtbjTFqK9-BR5S Wheel book: www.rockwelltrading.com/wheelbook Options Income Trading Strategies: kzbin.info/aero/PLBa3sAx-Io2mybLLdWtbjTFqK9-BR5SJb

[@frank7539]

Hi Markus, I would love to see some more details about the wheel money management. You always say that you can double your yearly PnL when using a margin account (e.g. tastyworks). But does this mean that you always use all of your margin-based buying power or what is your management behind this? Would be great if you could do a video for this. Thanks and have a nice weekend.

[@trabsteiger]

Hello Markus, thank you a lot for your great videos. I appreciate your honesty especially on your „dead soldiers“. My question; why don’t you roll (out and down) for a positive cash with this loosing positions before they get assigned? In my opinion it gives you more flexibility, you can lower your strike price, get a bit more premium and if you need a rescue mission you can add some more puts and lower the strike even more. The same could be done with the short calls after assignment. Perhaps an idea for a video or and adaptation of the „pure“ wheel. Viele Grüsse aus Deutschland, Andreas.

[@froggy9068]

We would like current information. When you use old clips, some of us don't realize that and take the advise even thought it's a month old. Please don't do that to your viewers! We deserve up to date information, don't we?

[@logicuser8382]

Hello Marcus. I want to ask you if you would please quit using the term “dead soldier “. It’s in bad taste and quite gauche for a man in your position and intellect. Thanks

[@froggy9068]

@@trabsteiger I think that is what I'm going to do with ride. I sold ...luckily just one..10 put that expires this Friday. I have others that expire later in the year that should be safe, but for this one, I think I'd be better off rolling it out even if I lose my premium.

[@ronbeck201]

This must be an old video, RIDE at $16? it's like 7 bucks now! Markus, would like to see you make a video about RIDE when you finally get out of it. Like to see the whole process of when a trade goes south and keeps on going!

[@heathermeadows85]

$4.77 now :-(

[@ExplorerLink]

@@heathermeadows85 $3.21 now 2/26/22 but still has good bids

[@udarpavarota396]

You own this, Markus. You are the king of the wheel.

[@rockwelltradingservices]

Thank you for your support, Udar Pavarota! :) Do not mind the fake Markus. I already blocked and removed his comments.

[@udarpavarota396]

@@rockwelltradingservices Yeah, I noticed you have an impostor. You're not the only KZbinr. It's happening to plenty of folks.

[@froggy9068]

Thanks for showing us RIDE! I'm in it too and was debating cutting my losses, but now I'm going to hold! And maybe even sell more puts.

[@REALPLSHOWN]

This video was made in March

[@froggy9068]

@@REALPLSHOWN are you serious? I got the alert for it today. Well, that isn't good.. thanks for letting me know.

[@logicuser8382]

I believe this was just re-published. Fairly certain he covered this on that week also. The last time RIDE was above $16 is March 10. It’s at around $7 on May 14.

[@rockwelltradingservices]

Hi! This video is from one of my live Coffee With Markus episodes. If you follow me, you would know that I create short videos with their specific topics from my live episodes so that it is easier to find.

[@froggy9068]

@@rockwelltradingservices I follow you and watch most of your videos but like others, I did not realize the data was from a previous video.

[@froggy9068]

Markus.. when was this video made? Is the information on stocks current?

[@rockwelltradingservices]

Hi! This video is from one of my live Coffee With Markus episodes. If you follow me, you would know that I create short videos with their specific topics from my live episodes so that it is easier to find.

[@eminem3251]

I used java code. This is helpful. Now I’m making strategies on pluto io as it is a lot more easier to understand and speedier to test automations without spending too much effort. I also used quant, etc. with okay wins.

[@ExplorerLink]

Where do I find the "wheel calculator" you mention in step #4? Thank you for the video. I just started doing wheels 6 weeks ago. I've made some good premiums but right now I have been assigned almost all my trades.

[@rockwelltradingservices]

Hi ExplorerLink! The calculator is already integrated into the PowerX Optimizer. If you want to learn more about the software here is a tour www.rockwelltrading.com/video-tour/

[@ExplorerLink]

@@rockwelltradingservices Thank you I'll check it out.

[@mfs2525]

When you are down on a trade to you ever sell for tax harvesting?

[@johnnychen5706]

"Not able to sell call for apple".... Why did that happen?

[@CannonsRvRepair]

I have only been selling calls, But i do own the stock already. Example i own 1,000 shares of XYZ im holding for long term and i sell calls at a strike where i profit even if i am assigned, but i also only sell 50% of what i own, so 1,000 share position i only sell 5 contracts. I only feel comfortable selling calls on what i own. And i like to do 50% because if it has a breakout run i still hold a decent amount of shares. I enjoy your videos just wondering what you think of my strategy

[@CannonsRvRepair]

Also i have never been assigned in 12 months I sell monthly Calls.

[@almabagaoisan4039]

Had the same problem with my tsla. Couldn’t do covered call since it drop so much this week

[@ExperimentalPerception]

Why are you showing video recorded in march when the markets were doing well? seems a little fishy...

[@logicuser8382]

The concept is still the same. Watch and learn.

[@ExperimentalPerception]

@@logicuser8382 You would think so, but there is a reason he is not showing how he is handling that account because he has probably 300,000 into ride and it’s still falling

[@logicuser8382]

@@ExperimentalPerception You sound ridiculous throwing around numbers like that. It’s very easy to figure out what his position is. He has 47 contracts at a strike of 21.50. Ride is currently at 7.33. Now you can do the easy math and see that it’s nowhere near 300 K.

[@froggy9068]

@@ExperimentalPerceptionomg, I hope it's not that bad. But even if it is, he SHOULD show us, and show us what to do in case we run into that (and many of us will) at one time or another. Stocks don't always go up!

[@froggy9068]

@@logicuser8382 the concept may be the same, BUT he's been showing us all along what he is doing and what to do when things go wrong, so why not just show us with current data, since many of us are in the same stocks. These channels make a LOT of money from us viewers... I think we deserve honest current content in exchange for our time spent supporting the channel. That's my take on it anyway.

[@kerry-annhenderson8174]

Thanks to you Markus I now have a strategy for generating regular income in the stock market. I am not there yet but I have my strategy ready. I am working on building my capital.

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@almabagaoisan4039]

Love hearing your updates

[@bluesky5587]

People are saying this is not a current update ..please clarify

[@rockwelltradingservices]

Hi! This video is from one of my live Coffee With Markus episodes. If you follow me, you would know that I create short videos with their specific topics from my live episodes so that it is easier to find.

[@johnnyoptionfinder733]

So what? It’s the concept he is showing.

[@Maxxumless]

You didn't show us how to find winning stock. You just showed us some of your criteria.

[@rockwelltradingservices]

Yes! And these are the criteria that I use everyday to find stocks 👍

[@MarioNobre65]

Good to great! Have a nice weekend Markus and Mark

[@rockwelltradingservices]

Awesome! Thank you for watching! :)