The Best Trading Strategy For 2020? - Here's My Top 2 Strategies I'm Trading Right Now

Best Trading Strategy For 2020? | Coffee With Markus | Episode 91

Intro: 00:00
What's Happening Today In The Markets?: 1:55
The Best Trading Strategy: 5:39
Deep Dive Q&A: 16:10
Q: What exactly is a correction?: 16:28
Q: What do we do with TRGP? We were awarded shares today.: 16:39
C: I have faith in you Markus for your help with the wheel trades!: 21:00
Q: Is the 30% profit for the wheel strategy also possible for accounts larger than $20,000? then you can have more than 5 trades?: 21:17
Q: Should we be selling a Call on TRGP before the close today?: 23:58
Q: Do you ever roll Puts for a credit in your wheel trade?: 26:00
Q: Isn't the wheel cash secured? How does that work with a margin account?: 26:48
Q: Trade stocks with PowerX Strategy is ok with tastyworks?: 27:16
Q: At least $20,000 margin account ($40,000) with margin?
Q: What is the wheel drawdown %?: 31:53
Q: How would you split your $ across each strategy?: 33:13
Q: What did you do with TQQQ today?: 34:23
Q: What is a stop loss?: 38:55
Q: Is it too volatile for The PowerX Strategy?: 40:16
Q: Did you get PRPL for PXO?: 41:00
Q: When will you have promotions $1 open for power income alerts? I missed last time and following long time but never had a chance to be a trial member: 41:15
Q: I sold the 108.75 Apple Call...how do I close it now? As covered, it's my first wheel trade: 41:53

Today we saw more selling across most of the markets...so what was the bad news? Well...that's just it, there really hasn't been anything too noteworthy as of late.

There's definitely a lot for traders to be considering right now, with the election, cases on the rise in parts of Europe among many of the other surprises 2020 has had to offer. So largely this could be attributed to a 'let's just wait and see' type attitude traders and investors have right now.

Looking at the major indexes, all of them have been pretty volatile throughout the day with the Nasdaq performing the best. If we take a step back and look at its performance over the last couple of weeks, we can see we're nearing the 'correction' territory.

What exactly is a market 'correction'? Well, in short a correction is a pullback of 10% from its previous high. So right now across all the indexes we're within what I would consider just a pullback.

So now, I want to talk to you about "The Best Trading Strategy." So first off, this is not a one size fits all type solution. We're all different and there are a lot of variables that come into place when choosing a trading strategy that is best for you.

I'm going to use the two strategies I'm trading actively, "The PowerX Strategy" and "The Wheel." Assessing both strategies, here is some different criteria I want to know when considering a strategy:

The Wheel:
- Account Size Needed: At least $20,000
- Potential Return: 30% (60% with margin)
- Expected Winning%: 95%
- Risk Per Trade: 5% Of Buying Power
- Drawdown Potential: 25% Of Buying Power
- Time Needed To Execute: 5 Minutes Per Day
- Money Management: Difficult

The PowerX Strategy:
- Account Size Needed: $5,000-$10,000
- Potential Return: 60% (120% With Margin)
- Expected Winning%: 50%
- Risk Per Trade: 2% Of Buying Power
- Drawdown Potential: 10% Drawdown
- Time Needed To Execute: 15-20 Minutes Per Day
- Money Management: Fixed Ratio

The Wheel is perfect if you are trading for INCOME
The PowerX Strategy is perfect if you are trading for GROWTH

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Видео The Best Trading Strategy For 2020? - Here's My Top 2 Strategies I'm Trading Right Now канала Markus Heitkoetter