Are you having trouble finding the perfect stocks to wheel? Try out our PowerX Optimizer. This custom-built software does the heavy lifting for you, scanning over 12,000 stocks and ETFs every 2 minutes. Check it out here: www.rockwelltrading.com/products/10-44-powerx-optimizer/?TH-cam&PXO-&Markus&
Hallo Markus, danke für Deinen immer wieder tollen Input und Deine sympathische Art. (o: Dieses "Asset correlation Tool" ist aber nicht in TradingView integriert, sondern gehört mit zu Deinem System, richtig!? Herzliche Grüße aus dem Westerwald... Kevin
Hello Mark! So glad I found your videos! I've been doing basically the wheel for 2 years and only recently realized it was an actualy strategy called the wheel. The best info I've gotten from you so far has been from the $RIDE trade (one I was actually in). It wasn't a stock I wanted to own. HOWEVER I am now in $SQ a stock I definitely DO want to own but am down big. To make $$$ while waiting I have been selling weekly Bear Call Spreads around .20 Deltas to receive some income as I wait for the price to come back. What are your thoughts on managing a down position this way? Keep the quality content coming!
You could be waiting years for a stock like that to come back, at some point it might be worth it to harvest the loss if you can't make much on the calls .
@@rollie5579 Thanks for the input! Being stuck down in a stock is the last detail I've been working on. I'm actually fine with it since they're quality stocks and I use money management (only a small position in a single stock). I'm just always looking to improve. I've added scaling into stocks, using ration put spreads that can be converted to a bear spread if the stock moves against me, straight up stop losses on the puts as to not get assigned at all, rolling down and out, selling a put as well as a call to increase my stop loss margin. Still don't have any sort of magic management technique. I think just waiting for the stock to come back while you focus on the rest of your positions/capital may still be best. What do you do when a stock moves down against you that you've sold a put on?
Hello Jeff, I made this video awhile back which might help you manage your position. It's about flying rescue missions: th-cam.com/video/OlTD9h_ZNd8/w-d-xo.html Also, have you checked out our PXO software yet? It recommends strike prices which may also help: www.rockwelltrading.com/products/10-44-powerx-optimizer/?TH-cam&PXO-&Markus&
Of course! Let's use alternative energy stocks as the example. In this example, you are invested into wind energy, solar energy, etc. If bad news or articles come out regarding alternative energy, you're whole account may take a hit. Alternatively, if you are invested in solar energy while also investing in something less directly correlated like Apple, it is more likely that only one stock will take a hit as opposed to your whole account. Glad you enjoyed the video :)
Awesome! Thank you for watching! :) To increase your odds of winning when trading, you need a tool that provides you with the winning stocks to trade. In case that you do not know, we have a special offer for the PowerX Optimizer today. Here is the link www.rockwelltrading.com/products/10-44-powerx-optimizer/
Are you having trouble finding the perfect stocks to wheel? Try out our PowerX Optimizer. This custom-built software does the heavy lifting for you, scanning over 12,000 stocks and ETFs every 2 minutes. Check it out here: www.rockwelltrading.com/products/10-44-powerx-optimizer/?TH-cam&PXO-&Markus&
Hallo Markus,
danke für Deinen immer wieder tollen Input und Deine sympathische Art. (o:
Dieses "Asset correlation Tool" ist aber nicht in TradingView integriert, sondern gehört mit zu Deinem System, richtig!?
Herzliche Grüße aus dem Westerwald...
Kevin
Hallo Kevin, ja, das ist richtig: Das "Asset Correlation Tool" gibt es nur im PowerX Optimizer. Es gehoert NICHT zu TradingView..
Gruss aus Austin!
Hello Mark! So glad I found your videos! I've been doing basically the wheel for 2 years and only recently realized it was an actualy strategy called the wheel. The best info I've gotten from you so far has been from the $RIDE trade (one I was actually in). It wasn't a stock I wanted to own. HOWEVER I am now in $SQ a stock I definitely DO want to own but am down big. To make $$$ while waiting I have been selling weekly Bear Call Spreads around .20 Deltas to receive some income as I wait for the price to come back. What are your thoughts on managing a down position this way? Keep the quality content coming!
I need to think about it a little bit more, but it seems it already works for you
You could be waiting years for a stock like that to come back, at some point it might be worth it to harvest the loss if you can't make much on the calls .
@@rollie5579 Thanks for the input! Being stuck down in a stock is the last detail I've been working on. I'm actually fine with it since they're quality stocks and I use money management (only a small position in a single stock). I'm just always looking to improve. I've added scaling into stocks, using ration put spreads that can be converted to a bear spread if the stock moves against me, straight up stop losses on the puts as to not get assigned at all, rolling down and out, selling a put as well as a call to increase my stop loss margin. Still don't have any sort of magic management technique. I think just waiting for the stock to come back while you focus on the rest of your positions/capital may still be best. What do you do when a stock moves down against you that you've sold a put on?
Hello Jeff,
I made this video awhile back which might help you manage your position. It's about flying rescue missions: th-cam.com/video/OlTD9h_ZNd8/w-d-xo.html
Also, have you checked out our PXO software yet? It recommends strike prices which may also help: www.rockwelltrading.com/products/10-44-powerx-optimizer/?TH-cam&PXO-&Markus&
Great update to the Power X. Appreciated and thanks, Chris
Awesome! ;)
Hi
Hello! ;)
once again no coffee with Markus
We love you Markus, your videos have made a huge difference in my life.💥💚
I appreciate your comment! I am glad that my videos are leaving a positive impact on your life. ;)
Link for how to find Value Stocks in description?
Oops.... here you go: th-cam.com/video/rrBNjOOuyOA/w-d-xo.html
Great video, could you please share your thoughts on why the portfolio should not have strongly correlated stocks?
Of course! Let's use alternative energy stocks as the example. In this example, you are invested into wind energy, solar energy, etc. If bad news or articles come out regarding alternative energy, you're whole account may take a hit. Alternatively, if you are invested in solar energy while also investing in something less directly correlated like Apple, it is more likely that only one stock will take a hit as opposed to your whole account. Glad you enjoyed the video :)
@@rockwelltradingservices thank you
You are welcome!
Thanks Markus. How come so few views?
HI! This video is not yet public. ;)
ETFs Vs stocks which are best for wheel
Awesome! Thank you for watching! :) To increase your odds of winning when trading, you need a tool that provides you with the winning stocks to trade.
In case that you do not know, we have a special offer for the PowerX Optimizer today. Here is the link www.rockwelltrading.com/products/10-44-powerx-optimizer/