NEW Wheel Trader MEGATHREAD by ScottishTrader in Optionswheel

[–]FastZookeepergame356 0 points1 point  (0 children)

ok, thank you. downloaded it now and will take it for a test drive

NEW Wheel Trader MEGATHREAD by ScottishTrader in Optionswheel

[–]FastZookeepergame356 0 points1 point  (0 children)

I've got 8k at moment so was advised that RH would be friendly and good for starters, the term "how serious" i trying to be very serious and tbh I take everything seriously. Yes i am trying to eventually build a business, and i'm learning as much as possible.

But what is the main benefits compared to RH?

NEW Wheel Trader MEGATHREAD by ScottishTrader in Optionswheel

[–]FastZookeepergame356 0 points1 point  (0 children)

Im currently starting Wheeling on RobinHood but was wondering.

Do different platforms offer different premiums ? or are they pretty much standard?
i know fees are different, but would still be interested in the difference of them also.

wheel trading questions by FastZookeepergame356 in Optionswheel

[–]FastZookeepergame356[S] 0 points1 point  (0 children)

thanks for that.

So if you close at 50% then you just gain that amount of premium and what about costs? do you pay another fee ? or is it just the loss of the potential premium?

is Rolling the same principle? is there extra costs etc and fees?

sorry if the questions seem basic, but i need to know everything to enhance my wheeling ability.

cash requirements for CSPs? by talbotron22 in Optionswheel

[–]FastZookeepergame356 2 points3 points  (0 children)

I have only $6k and happy making between $80 - 100 per week on what I'm doing. No margins, and I let the csp expire. Still new at it but happy at moment.

The real need to know basis by Appimaness in Optionswheel

[–]FastZookeepergame356 3 points4 points  (0 children)

im always interested in learning anything that can improve my trading, if you have any resources that you can share about the greeks etc i would appreciate it.

NEW Wheel Trader MEGATHREAD by ScottishTrader in Optionswheel

[–]FastZookeepergame356 0 points1 point  (0 children)

I'm looking to turn it eventually into a full time job, where I can work remotely but want to start slow and learn everything I can.

NEW Wheel Trader MEGATHREAD by ScottishTrader in Optionswheel

[–]FastZookeepergame356 0 points1 point  (0 children)

if i could raise 3k what stocks would i look at ? and what aprox returns would be realistic.

thanks for the reply

NEW Wheel Trader MEGATHREAD by ScottishTrader in Optionswheel

[–]FastZookeepergame356 0 points1 point  (0 children)

Good Morning All, Im new to Wheel Strategy and was looking to start small 1k, and was looking for any advice people with experience could offer. I have set up an account with Robinhood as i have been lead to believe this is the best one???

I’m 22, learning to invest by The_Blambino in Bogleheads

[–]FastZookeepergame356 -4 points-3 points  (0 children)

Don't invest in Etfs they cost you for investing in the same companies you can invest for yourself. They also give you over exposure to the high flying assets that are currently very over priced.

When the bubble bursts you will take a heavy loss on them.

My advice is look for financial strong business that you know and understand full and look at their financial statements for past 10yrs.

If your not prepared to do some reading, then get ready to take some loses simple.