My Daily Trading Routine For 2021

The My Daily Trading Routine For 2021 | Coffee With Markus | Episode 123

Intro: 0:00
My Trading Strategies: 1:40
The PowerX Strategy: 3:09
Trades I'm Taking With The PowerX Strategy: 12:20
The Wheel Strategy: 24:04
Trades I'm Taking With The Wheel Strategy: 35:48
PowerX Optimizer Holiday Promo: 41:07
Deep Dive Q&A: 43:57

When it comes to trading I'm all about SRC Profits. This stands for Systematic, Repeatable, & Consistent.

I am trading 2 different trading strategies, The PowerX Strategy, & The Wheel Strategy.

3 Pillars of a trading strategy:
1) You need the right strategy, one that tells you:
- What to trade.
- When to enter.
- When to exit.
2) You need the right tools.
3) You need the right mindset.

I get started in the morning at 8:15AM CST, 15 minutes before the markets open. I start out focusing on the PowerX Strategy which is a trend following strategy, taking advantage of short trends both to the upside & downside.

I use the PowerX Optimizer, which scans for stocks (through thousands) according to my criteria. It figures out how much money I would have made/lost over the past year w/ a stock had I been trading it with the PowerX Strategy.

My criteria for finding stocks:
- I only look for stocks that would give me at least 60% ROI.
- Only trading stocks between $5-250.
- Have a profit factor higher than 3, meaning for every $1 that I lost, I would have made $3.
- Rist reward higher than 2, so for every $1 I risk, I want to make $2.
- I want to see a min. # of trades over the past year with a min. win % of 40.
- Min. volume of 500,000 shares traded on average per day, over the last 7 days.

The scanner brings up the best 2-8 trades according to these criteria. I then look through these stocks for:
- Gaps: I don't want any gaps in the chart.
- Good trendability.
- Good P/L Chart. (how much money I would have made over the past year w/ this stock)

I then check stocks I'm currently in, in my watchlist. I recommend not being in more than 5 positions at once.

The Wheel Strategy.

This strategy follows a sideways market. I open the "The Wheel Calculator" tab in the PXO software, and it brings up its own scanner for The Wheel. This not only helps you find the right stock but the best strike price & expiration.

With these two strategies along with the PowerX Optimizer strategy, you can be ready to trade in only 15-20 minutes a day, instead of being stuck to your computer for the entire day.

Recommended Links & Videos:
PowerX Optimizer HOLIDAY SPECIAL!: https://www.rockwelltrading.com/holiday
The PowerX Optimizer Playlist: https://www.youtube.com/playlist?list=PLBa3sAx-Io2kq38BRzGrhoe5tB2VrqszC
The Options Wheel Strategy: https://youtube.com/playlist?list=PLBa3sAx-Io2nosgosERUhIZwzvIgD-3Vq
Options Income Trading Strategies: https://www.youtube.com/playlist?list=PLBa3sAx-Io2mybLLdWtbjTFqK9-BR5SJb
#MyTradingRoutine #TradingRoutine2021 #OptionsTrading2021
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✅ First, subscribe to my channel here so you never miss a new video: https://bit.ly/3aLKLDz
📺 Watch My Daily Trading Routine that takes me less than 15 minutes a day: https://go.rockwelltrading.com/my-trading-routine
📕Get a FREE Hardback Copy Of My New Book “The Wheel Options Trading Strategy”: https://go.rockwelltrading.com/the-wheel-book
💻 Need a broker? We prefer trading using Tradier! Sign up here: https://go.rockwelltrading.com/tradier-brokerage
📈 TradingView is my favorite charting platform. I use the Pro Version: https://go.rockwelltrading.com/tradingview-signup
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Видео My Daily Trading Routine For 2021 канала Markus Heitkoetter