The Wheel Strategy (For Small Accounts)

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We all know that the Wheel Strategy is a good strategy to consistently generate an income from.

But to trade the Wheel Strategy, we generally want an account size of more than $25,000.

But what if you have a small account of $10,000 to $25,000?

In this video, I'll share with you how you can get started with the Wheel Strategy if you have a small account, and what you need to know in order to be successful trading it for the long-term.

Timestamps:
00:00 - Start
00:34 - The Wheel Strategy Overview
01:17 - Wheel Strategy For Small Accounts
08:46 - Horizontal Diversification
14:02 - Vertical Diversification
22:08 - Takeaways

Other videos you might be interested in...
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The Ultimate Stock Repair Strategy:
The Wheel Strategy Playlist:

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[optionswithdavis]

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[charlesdarnell]

Thank you for your excellent videos. They are always clear and enlightening. This particular video was very informative. I am paper trading based on these concepts.

[dimatartiak]

The sound is fine!
Thanks for great content.

[douglasteachout]

Davis, for the vertical diversification model you would need a last in/first out structure. Is this how you structure closing with your broker?

[miguelrode]

Excellent content as always! In my opinion this is applicable not only to small accounts but at any account size. Thanks!

[alexdickson]

Hi Davis, great video, thanks!
Please could you do a video on how you track all of your wheel strategy trades? Do you use a spreadsheet to track them?

[donminoSG]

could you do a video on strategy allocation? (how do you decide what strategy to use a.k.a credit spreads > ratio spreads etc.) what's your thought process for that? i think that would help us lots.. thanks!

[timreynolds]

Davis would you consider INTC a stock with a good intrinsic value?

[tomricapito]

How do we find ETF's under $50 that we can use for the wheel?

[ggmm]

Love your videos and explanations. I learned a lot. Keep up the good work!!!

[happyhamster]

I have about a 10k account and I bet it all pretty much on Amazon. I got in for an avg of 92 mainly because I can’t see this stock ever dropping below 80 and I can’t see it staying under 100 for very long. They just made tons of job cuts and many of them were in the section they were losing the most money in. The switch to EV’s should eventually help the bottom line especially if fuel prices remain high and Bezos is a very brilliant businessman. I’m happy right now selling weekly CC around 20% delta. Comes out to around $50 a week in premiums

[timreynolds]

Doesn’t your stocks sell first in first out?

[youssefyacoub]

in the vertical diversification, do you buy all the put contracts at once, or do you go in at different time intervals as the stock moves down?

[alexpoon]

Hi Davis, is it better doing weekly or monthly options?