The Best Trading Strategy For 2020? - Here's My Top 2 Strategies I'm Trading Right Now

Best Brokerage Account 2020

Intro: 0:00
How To Find The Best Trading Strategy: 0:30
The Wheel vs The PowerX Strategy: 2:46
Summary: 6:29

So now, I want to talk to you about "The Best Trading Strategy." So first off, this is not a one size fits all type solution. We're all different and there are a lot of variables that come into place when choosing a trading strategy that is best for you.

I'm going to use the two strategies I'm trading actively, "The PowerX Strategy" and "The Wheel." Assessing both strategies, here is some different criteria I want to know when considering a strategy:

The Wheel:
- Account Size Needed: At least $20,000
- Potential Return: 30% (60% with margin)
- Expected Winning%: 95%
- Risk Per Trade: 5% Of Buying Power
- Drawdown Potential: 25% Of Buying Power
- Time Needed To Execute: 5 Minutes Per Day
- Money Management: Difficult

The PowerX Strategy:
- Account Size Needed: $5,000-$10,000
- Potential Return: 60% (120% With Margin)
- Expected Winning%: 50%
- Risk Per Trade: 2% Of Buying Power
- Drawdown Potential: 10% Drawdown
- Time Needed To Execute: 15-20 Minutes Per Day
- Money Management: Fixed Ratio

The Wheel is perfect if you are trading for INCOME
The PowerX Strategy is perfect if you are trading for GROWTH

As you see there is no one 'best' trading strategy. There are a lot variables that go into deciding what strategy works best for you. I hope this helps!

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[rockwelltradingservices]

Are you trading The PowerX or The Wheel Strategies? Let me know down in the comments below.

[swaggydaggylocopoco]

Markus, I'm in the hospital having a gall bladder surgery Monday, figured I had some time and ran across your channel on Saturday evening, got the powerx book on Kindle and have already read it once. I have experience but needed this book. I am profitable, but was making silly mistakes that you nail in the book! I am really looking forward implementing your strategy. Great information great channel! Thank you!!!

[tjmorrow]

Market keeps changing bar colors like chameleon but Power X Strategy finally working for me last 11 days on Zillow (Z). I am so thankful for your lessons Markus!

[masoudmokhtari]

Thank you Markus. I wish you explained more about money management and drawdown.

[xiFreakzx]

Thank you for your expertise. Greetings from Germany.

[randomwalktrader]

Hey Marcus. Would you use the powerx signals for taking trades in the wheel strategy? Eg when selling the initial puts, do it on stocks that have buy signal or at least not have clear sell signal using the powerx. So use the powerx signals as filters for the put or call selling components of the wheel? Thanks

[options]

In your opinion, do you prefer the wheel strategy or powerx strategy? based on your experience which strategy gave you the most profitable outcome? Thanks :)

[gasser]

This feels like a push for your book for some reason. You start with saying there's no real risk with the wheel then continue to say it's risky twice right after. 50% win rate is a hard pass. Slow and steady is fine by me.