Options Trading For A Living  - How I made $52,138 in 8 Weeks

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Options Trading For A Living  - How I made $52,138 in 8 Weeks

Intro: 0:00
Here Is What You Need: 1:09
The Wheel Strategy: 3:36
The Tools: 12:23
The Right Mindset: 21:47

Do you want to learn how I made $52,138 in 8 weeks trading options?

Here is what you need:
- Trading Strategy
- Powerful Tools
- Mindset

MONEY! If you don't have money, you can't fund your account to make money.

How much did I put into my account?
Yes, I made more than $52,000 on a $250,000 = $500,000 in buying power

*DISCLAIMER - These results are not typical. I'm very good at this, as I've been doing it for a long time. I recommend you start on a simulator first*

1. Strategy: The Wheel
- Sell Puts and collect premium
* 1-2 weeks. The idea is to collect a “weekly paycheck” (with risk)
* Trade only the best stocks
* Look for support: at least over the past 8 weeks
* The idea is we're buying stocks at a discount. "Buying The Dip"
- You may or may not get assigned
* If price less than the strike price: You have to BUY the stock, Go to Step 3
- Sell Calls and collect more premium

2. Tool: PowerX Optimizer
- Scanner:
* Finds the best stocks to trade
* What strike price to trade
* What expiration
- Calculator
* How much premium should I get?
* How much risk is involved?
* How many contracts should I trade?

If I had to trade without tools, I wouldn't do it. They are very important.

You MUST know your numbers! Trading is a numbers game.

How else would you find these trades if you didn't have these tools?

These tools are giving me an edge!

Mindset for trading for a living:
- SRC Profits
* Systematically
* Repeatable
* Consistent
- Patience
* Grow your account systematically with a trading strategy
* Don’t panic = “Diamond Hands”
- Diamond Hands does not simply mean holding onto a losing trade.
* Let the trade play out, so you must have a plan.

Summary:
Is it possible to trade for a living? YES

I'm doing it right now, but again, these results are not typical, and I recommend you start trading on a simulator.

Trading Psychology:
- SRC Profits

How to start trading for a living? You need to have:
- Strategy: The Wheel
- Tool: PowerX Optimizer
- Proper mindset

Recommended Links & Videos:
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I hope this video cleared up the 3 things you need to be a successful trader which are: A trading strategy (in this case, The Wheel), Powerful tools (PowerX Optimizer), and the right mindset. Let me know if you have any questions in the comments. Happy trading!



Recommended Links & Videos:

rockwelltradingservices
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This video is your best for laying out every single aspect of your strategy with full transparency. For those out there that are questioning if this works, this video covers it all. No magic, no trickery, just mechanical trading strategy.

KevinStudent
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Can you update us on the RIDE trade? Would it have been better to roll the strike down rather than allowing to get filled?

nomad
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What settings or filters do you use on Trading view charts to create the black bars?

thomasd
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Hi great video...I wanted to inquire what did u ever do with RIDE...I know you had it from 21 to 14 to12 then in the 5 range now its a 1 dollar stocks, with your stock loss of over 120k, I wanted your insight on how you handled this, what did you finally do with this trade, or do u still have it?

AlexOptionsSeller
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Hi Markus, the powewX optimizer results are dynamically?

dineshkrishnasamy
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Thanks for the videos. I like your presenting style and love how you discuss trading strategies in detail. Keep up the good work!

jacksoukup
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Do you use stops in your option trades? If so, can you make a video of how you use it? Or what % lose do you set in each of your option trades especially Call or Put options.

elvd
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Can you point me to your broker statement? You claim 52, 000...usually people selling courses etc link to a pdf of their brokers.. Thanks

Blaze-qklx
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Hi Markus. Is that charting platform part of your software?

themrfabio