The Wheel Options Strategy Performance Report | Review Of My Trade Performance Over The Last Month

The Wheel Options Strategy Performance Report | Review Of My Trade Performance Over The Last Month | Coffee With Markus | Episode 85

Intro: 00:00
The Most Important Metric When Trading: 2:36
"SPC Profits" - Must Haves If you Plan To Trade For A Living: 4:55
How Exactly I had 22 Winning Trades In A Row Using The "Wheel Strategy": 8:45
"The Wheel" Strategy In Detail: 27:48
How YOU Can Take The Exact Same Trades: 43:55
Deep Dive Q&A: 53:20
Q: With TQQQ plummeting, thus far, would you still want to hold it until tomorrow? 54:10
Q: When selling covered calls, if the stock closes well above the strike price, what happens to the negative premium equity above the strike price at expiration? 55:51
Q: How do you determine what strike price to sell? 57:37
Q: What about the days the markets are closed? 1:00:53
Q: What’s included in the Mastermind, and how much for that? 1:01:45
Q: If you get assigned, how long do you keep the stock? 1:05:38

Today, I'm going to talk to you about my trading from last month...and the cool part, I'll show you exactly how I did it.

So before we get started, we have to talk about today's sell-off. If you joined me yesterday, this was exactly what I warned of: profit taking

In yesterday's "Coffee With Markus" I said I thought it could be very likely we would soon seen investors and traders start to take profits after what turned out to be the best month since 1984.

So is this going to turn into a full blow crash...well, we're going to just have to wait and see on that one...

Now for our main discussion: How I Made $,548 Using "The Wheel" Strategy

1) The Most Important Metric When Trading:
- So let's start with what's it's not, and I'm sure this will surprise a lot of you. It's NOT your winning percentage.
- It's NOT the average profit per trade.
- It's NOT the profit factor
- For Me, It's Profit Per Day (PPD)
2) "SPC Profits" - MUST have them if you plan to trade for a living.
- Systematic
- Predictable
- Consistent
3) How Exactly I Had 22 Winning Trades In A Row With "The Wheel Strategy"
- Trading Options (If you're new to options check this out: https://www.rockwelltrading.com/101
1) Time Decay (Theta)
2) A Lot Of Options Expire Worthless (Look At It Like Insurance)

4) "The Wheel" Strategy In Detail
- Find a stock that is going sideways or slightly going up
- Determine a price at which you would want to own the stock
- Make sure that you get enough premium (PPD)
- Sell the Put Option and collect the premium (like insurance)

Ex: Boeing (BA)
On August 28th, I sold 1 of the 162 Strike and received $0.95 = $95
Then today, September 3rd, I bought the Put I sold back for $0.06 =$6.00
This resulted in $89 in profits in 5 days or a Premium Per Day of $17.80/day

Ex: AIG (AIG)
Also on August 28th, I sold 7 of the 28 Strike and received $0.28 * 7 = $196
Then today, September 3rd, I bought the Puts back for $0.03 * 7 = $21
This resulted in a total profit of $175 or a Premium Per Day of $35/day

Account Size: $50,000
Goal: $100 per day
$3000 per month
$36,000 per year
Goal: Have 5 positions in my account w/each making $20/day.

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Видео The Wheel Options Strategy Performance Report | Review Of My Trade Performance Over The Last Month канала Markus Heitkoetter