You are using a very visual (clear and not cluttered) trading program. What is it? Are you happy with your broker? Do they give your portfolio margin? How do you pick a group of stocks to watch and then choose the best at the time to trade? Do you keep notes of the trades to review your positions? How often do you review your positions? Do you prefer to use weekly over monthlies? You make this look so easy? What happens if there is a severe downturn in the "good" stock below your strike price by about 30% or more? Do you bailout? Please cover the exceptions to the rules and how to deal with them. Thanks for your educational materials!
Just wanted to say thank you for your genuine interest and passion for wanting to help everyone build wealth as you have. Paying it forward! You will continue to do awesome because karma š I have about 325k in my IRA invested in dividend etfs like vym and schd and also vti and schg. I'm going to start selling CC on those to get some practice and slowly build cash to work on csp next
Selling puts is great unless the market has a rear tumble and you get assigned at a much higher price than its current value to which you then can't initially sell the covered call because to make any money you have to offer the covered call at a price that's less than you paid for it, that's the only problem I've ran into a few times with the wheel strategy otherwise if you leave yourself some room it works great
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Do you ever use a collar option for downside protection?
Thank you so much Henry. It gives me extra income every month.šššš
Thank you for all the knowledge and nuggets you had thrown my way over the last months for a $113k total profit. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
I learned so much. Thank you
Thank you, Henry !
Excited to begins my wheel strategy this week! ššš thanks for the video
"The wheel strategy" is not a strategy at all, it's a behavior. The strategy involved is cash, short puts, long stock and sometimes covered calls.
Thank you for taking the time to make this video it is very informative and it's obvious that you want help traders increase their income.
Do you invest in gold and silver?
I which you could show us. Iām a visual learner.
Which are the 15 stocks in your portfolio?
the strategy also good for crypto? like ETH or BTC
After watching over and over again of your videos. As a matter of 3mo period I accumulated more than 20K. In the past my investment went down to more than 70% since Covid-19 but now Iām very confident that I will recover my losses soon.
Henry thanks as always I just sent this to a few people. I am few years into my wheel and really enjoy this strategy
Hey Henry, appreciate the great content as someone learning to do the wheel strategy. Out of curiosity, is there a best time of day or buy/sell contracts? At market open, before close? Also is there more risk closer to earnings season?
@knowthyself690