Options Trading For A Living - How I made $52,138 in 8 Weeks

[@rockwelltradingservices]

I hope this video cleared up the 3 things you need to be a successful trader which are: A trading strategy (in this case, The Wheel), Powerful tools (PowerX Optimizer), and the right mindset. Let me know if you have any questions in the comments. Happy trading! Recommended Links & Videos: Wheel Playlist: kzbin.info/aero/PLBa3sAx-Io2mybLLdWtbjTFqK9-BR5SJb How To Identify Strong Support & Resistance: kzbin.info/www/bejne/kJyogKiNjJp6jMU You can schedule a tour by visiting www.mytradingroutine.com Rockwell Merchandise: store.rockwelltrading.com/ Wheel Book Waitlist: www.rockwelltrading.com/wheelbook Trading with Margin: kzbin.info/www/bejne/i3ncaWeJhKyfars&feature=emb_logo Finding The Best Stocks For The Wheel Strategy: kzbin.info/www/bejne/ql7dhIpprpWoicU Options Income Trading Strategies: kzbin.info/aero/PLBa3sAx-Io2mybLLdWtbjTFqK9-BR5SJb

[@happymouse442]

Is this gain on your whole account P/L? Or just from options premium? It’s very deceiving sometime because some people don’t include P/L from stocks (unrealized or realized). So my question is, is it based on net liq ?

[@KevinStudent]

This video is your best for laying out every single aspect of your strategy with full transparency. For those out there that are questioning if this works, this video covers it all. No magic, no trickery, just mechanical trading strategy.

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@nomad74777]

Can you update us on the RIDE trade? Would it have been better to roll the strike down rather than allowing to get filled?

[@huinyavaina]

I see so many people are interested in this. Markus promised a detailed video on it some time later, and AFAIR the promise was made when RIDE made the dead cat bounce. It had earnings and fell further as you know. I don't know his action, but according to his videos/strategy, getting assigned is a blessing - assignment will be on a decent support level, the stock is good enough to hold from that level (he trades only the best stocks there), he considers the assignment as buying a stock for a discount (of course without knowing any fundamentals, it is true only at the moment of the assignment) he was talking about 'flying rescue missions', which seems to be a good thing to do today, given we are at a support level but one thing i don't remember him ever saying is rolling a losing short put position, as it would be realizing losses without giving a fight first :) cheerz

[@nomad74777]

@@huinyavaina Maybe so and it's the risk we all take when trading options. If rolled, It would be possible to pull out to a break even lower strike at a later contract date without realizing any losses. I personally own the PXO and love it. I'm just following the RIDE trade because I know Markus is great at what he does. How he saved the TQQQ and AAPL trades was awesome.

[@AlexOptionsSeller]

Hi great video...I wanted to inquire what did u ever do with RIDE...I know you had it from 21 to 14 to12 then in the 5 range now its a 1 dollar stocks, with your stock loss of over 120k, I wanted your insight on how you handled this, what did you finally do with this trade, or do u still have it?

[@dineshkrishnasamy1628]

Hi Markus, the powewX optimizer results are dynamically?

[@thomasd5488]

What settings or filters do you use on Trading view charts to create the black bars?

[@chocOneOOne]

I believe that's his PowerX strategy indicator avl in Trading View

[@thomasd5488]

@@chocOneOOne Just to clarify, I would need to buy the PowerX software to be able to see the black bar indicators on a Trading View chart. Thanks.

[@Blaze-qk8lx]

Can you point me to your broker statement? You claim 52,000...usually people selling courses etc link to a pdf of their brokers.. Thanks

[@elvd7437]

Do you use stops in your option trades? If so, can you make a video of how you use it? Or what % lose do you set in each of your option trades especially Call or Put options.

[@chocOneOOne]

With the strategy he's talking about there's no real stop loss because if the stock goes below, you get exercised and then you now own shares vs losing x. The risk mitigation comes with picking the stock/strike/premium collected as that will help determine if you're coming out ahead or not. When trading options, the concept of risk takes a little bit of a different meaning.

[@elvd7437]

@@chocOneOOne Thanks, you sound knowledgeable about options, are you familiar with the use of stops in calls and put options? If you do, what % of premium paid do you risk in your option trades?

[@elvd7437]

@Markus Heitkoetter You did not provide any info on my question.

[@rockwelltradingservices]

Hi Elv, that was a fake Markus. It has been reported and blocked. Regarding your question, I usually answer them during my live videos. Please watch out for my next episodes.

[@jacksoukup5442]

Thanks for the videos. I like your presenting style and love how you discuss trading strategies in detail. Keep up the good work!

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@g60222]

Tks

[@themrfabio2459]

Hi Markus. Is that charting platform part of your software?

[@tonyc2227]

tradingview is not part of powerx optimzer.

[@themrfabio2459]

@@Jeem619 thank you very much! I actually found it and love it. What a great platform!

[@changjoe01]

Clickbait ! But thank you anyways.

[@rockwelltradingservices]

Awesome! Thank you for watching! :)