Wheel Strategy Tips - Don't Do THIS!

[@rockwelltradingservices]

I hope you found these Wheel Strategy Tips useful. If you have any questions, feel free to let me know in the comments below. Recommended Links & Videos: Wheel book: www.rockwelltrading.com/wheelbook Wheel Strategy Playlist: kzbin.info/aero/PLBa3sAx-Io2nosgosERUhIZwzvIgD-3Vq PowerX Strategy Playlist: kzbin.info/aero/PLBa3sAx-Io2l9ZV4s66J-uNkG6AJvhSPB

[@jimmysimmywom4737]

Hey markus i’ve been selling puts on CHPT and collecting a pretty nice premium deep in the money what do you think of this company long term i’ve done some research on this company but would love to hear your opinion thank you!

[@REALPLSHOWN]

Are you sharing your account P&L before you shut it down?

[@masoudmokhtari8997]

Thank you Markus.

[@rockwelltradingservices]

You are welcome!

[@markpolley9099]

very useful evaluations please do more Markus

[@rockwelltradingservices]

I sure will! Thank you for watching! 😉

[@AlexanderTill]

Thanks a lot!

[@rockwelltradingservices]

Thank you :)

[@omarbelmonte1124]

Thanks a lot Markus. This orientations are fenomenals. Have a nice weekend.

[@rockwelltradingservices]

😊 You are welcome! I am glad that this helps!

[@DanielMartinez-vq5ld]

Incredibly useful information Markus, I recently got assigned KO at an aggressive strike price I don't find comfortable trading and I hope I won’t be making the same mistake again. I’m crossing my fingers to stock will rally up so I can close that position soon!

[@rockwelltradingservices]

Crossing my fingers for you! Good luck. 👍

[@kaosaelee8832]

This insight is very helpful, in navigating the software and its buttons.

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@freeindeed7870]

I just received your book in the mail I'm so excited to join ☺

[@rockwelltradingservices]

Awesome! Keep me posted when you are done.

[@RealMrJamil]

Very helpful guy I love learning everyday and whatever I learned , I teach others to learn the good things. The way we all can grow together.

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@2sum69]

I liked the analysis with tradingview, very useful. I think TREE will also start reversing, so may be that one too.

[@edwinbab705]

Sold Tesla puts was good for me what other stock can I trade that has similar to Tesla high premiums

[@verylovejoey616]

HELLO Marjus!!!!!!!!!!!!! Thank you so much. Why should we choose a weekly sell put option( the wheel) , not a monthly option, or a sell put that expires in 2-3months?

[@JayDKB]

Great Information

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@themrfabio2459]

Markus. On your 250k cash 250k margin account, are you at any point selling those puts naked or are all your puts cash secured? I know in one of your prior videos you mentioned that you normally use very little margin and when you do, it’s to run rescue missions with. Just wondering. Nice to see the evolution of your channel. Best one on KZbin.

[@mxerb5912]

He uses margin

[@thinhdoan3373]

He uses his margin buying power to sell puts sometimes but doesn’t have to pay interest on it since the margin money isn’t used to buy the actual stocks yet.

[@rockwelltradingservices]

Correct: What everybody else said: I'm using margin. Hope this helps. 👍

[@PonderDuke]

Shouldn't you first have a list of stocks you like to own. And only use this strategy on those stocks if the situtation arises. Now you will get presented all kinds of stock and you might get tempted by the premium to use it. Even though you might not really want to own the stock?

[@rockwelltradingservices]

Well, you could do that. But this means that you would have to go through hundreds or thousands of stocks and mark the ones you like best. I find it easier to use my scanner in the morning. see the 20-30 stocks that fit my criteria and decide then. It's quicker this way. Does this make sense?

[@udarpavarota396]

Markus, I violated one of the rules. I sold puts on a stock hours prior to its earnings release. And the stock plummeted. I'm down like 24%. It's gonna take a lot of rescue missions to bring it back up.

[@rockwelltradingservices]

I hear you! (see RIDE) 😳. Good luck! 👍

[@dougsmith8950]

I see SONO is at 31.72. Did you sell a put at 32?

[@rockwelltradingservices]

No, I didn’t trade SONO.

[@Bevente]

Another great Video Markus, thank you! Are there plans for the financials to be incorporated into PXO?

[@rockwelltradingservices]

Yes. We just released a new version 2.5, and it's now incorporated. :-)

[@josephglover4546]

@@rockwelltradingservices What exactly comes with the $3k software? Just the wheel strategy or full access?

[@dougsmith8950]

So, I'm guessing you sell this software. How much is it?

[@rockwelltradingservices]

You can totally follow the strategy without my software but it cuts the guesswork for you. And since you asked nicely, here is a promo link to avail the software at $1997 instead of the regular price of $2997 rockwell.infusionsoft.com/app/orderForms/PowerX-Optimizer?promo=cristyspecial

[@kjljkl2593]

Newegg was a wallstreetbets pump and dump.

[@rockwelltradingservices]

Was it? I couldn't remember. Thanks for the input. 👍

[@verylovejoey616]

HELLO Marjus!!!!!!!!!!!!! Thank you so much. Why should we choose a weekly sell put option( the wheel) , not a monthly option, or a sell put that expires in 2-3months?

[@verylovejoey616]

hi