Options Trading For A Living - A Detailed Guide How I made $52,138 in 8 Weeks (CWM Episode 145)

Options Trading For A Living - A Detailed Guide How I made $52,138 in 8 Weeks - Coffee With Markus | Episode 145

Intro: 0:00
Here Is What You Need: 2:33
The Wheel Strategy: 4:50
The Tools: 13:46
The Right Mindset: 23:11
Deep Dive Q&A: 29:13

Do you want to learn how I made $52,138 in 8 weeks trading options?

Here is what you need:
- Trading Strategy
- Powerful Tools
- Mindset

MONEY! If you don't have money, you can't fund your account to make money.

How much did I put into my account?
Yes, I made more than $52,000 on a $250,000 = $500,000 in buying power

*DISCLAIMER - These results are not typical. I'm very good at this, as I've been doing it for a long time. I recommend you start on a simulator first*

1. Strategy: The Wheel
- Sell Puts and collect premium
* 1-2 weeks. The idea is to collect a “weekly paycheck” (with risk)
* Trade only the best stocks
* Look for support: at least over the past 8 weeks
* The idea is we're buying stocks at a discount. "Buying The Dip"
- You may or may not get assigned
* If price less than the strike price: You have to BUY the stock, Go to Step 3
- Sell Calls and collect more premium

2. Tool: PowerX Optimizer
- Scanner:
* Finds the best stocks to trade
* What strike price to trade
* What expiration
- Calculator
* How much premium should I get?
* How much risk is involved?
* How many contracts should I trade?

If I had to trade without tools, I wouldn't do it. They are very important.

You MUST know your numbers! Trading is a numbers game.

How else would you find these trades if you didn't have these tools?

These tools are giving me an edge!

Mindset for trading for a living:
- SRC Profits
* Systematically
* Repeatable
* Consistent
- Patience
* Grow your account systematically with a trading strategy
* Don’t panic = “Diamond Hands”
- Diamond Hands does not simply mean holding onto a losing trade.
* Let the trade play out, so you must have a plan.

Summary:
Is it possible to trade for a living? YES

I'm doing it right now, but again, these results are not typical, and I recommend you start trading on a simulator.

Trading Psychology:
- SRC Profits

How to start trading for a living? You need to have:
- Strategy: The Wheel
- Tool: PowerX Optimizer
- Proper mindset

Recommended Links & Videos:
To get the show notes you can register at: http://rockwelltrading.com/app (use your email address) and the notes are posted under "Coffee with Markus" email support@rockwelltrading.com for assistance (maybe reword this for description)
Wheel Playlist: https://www.youtube.com/playlist?list=PLBa3sAx-Io2mybLLdWtbjTFqK9-BR5SJb
How To Identify Strong Support & Resistance: https://youtu.be/ZkEOuWW5GVc
You can schedule a tour by visiting http://www.mytradingroutine.com
Rockwell Merchandise: https://store.rockwelltrading.com/
Wheel Book Waitlist: https://www.rockwelltrading.com/wheelbook
Trading with Margin: https://www.youtube.com/watch?v=UHy84SOGl4Y&feature=emb_logo
Finding The Best Stocks For The Wheel Strategy: https://www.youtube.com/watch?v=t-zSW3y0uSc
Options Income Trading Strategies: https://www.youtube.com/playlist?list=PLBa3sAx-Io2mybLLdWtbjTFqK9-BR5SJb

#StockMarket #TradingOptions #TheWheelStrategy
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Видео Options Trading For A Living - A Detailed Guide How I made $52,138 in 8 Weeks (CWM Episode 145) канала Markus Heitkoetter