Wheel Strategy Guide to $10,000/Month Consistently

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𝐋𝐞𝐠𝐚𝐥 𝐃𝐢𝐬𝐜𝐥𝐨𝐬𝐮𝐫𝐞: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in an attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!

Пікірлер: 192

  • @Dori_1111
    @Dori_11115 ай бұрын

    Careful folks. This works until it doesn't. Once you have a strong correction, you can be assigned in many positions, then your covered calls will be farther from assignment price and you will receive very low or zero premium to recover. Keep in mind that if you sell a call below your assigned price you will write off a loss if exercised. Yes, it can work, but you may have to go months or years to recover a damaged portfolio. for my long term positions (normally high quality stocks), I prefer to sell a put spread (in bullish markets) and cover when my short strike is reached in a bull market. In this case even if it keeps going down, I'm already out of the spread (you can consider holding just the long put but hard to manage properly). If there is a crazy fast correction, the max you will lose is the spread size minus premium, assuming that for some reason, you couldn't close the spread (e.g. a catastrophic event). Yes, you may not make as much, but the peace of mind will be worth.

  • @friedbeefjerky

    @friedbeefjerky

    5 ай бұрын

    By this do you mean to buy a put option slightly further out as a hedge?

  • @EvanEvansE3

    @EvanEvansE3

    5 ай бұрын

    ​@@friedbeefjerky Exactly. That's called a spread. Feel free to follow my lives every morning. I run a portfolio of 50+ options spread positions. 👍

  • @Dori_1111

    @Dori_1111

    5 ай бұрын

    @@friedbeefjerky Yes. Normally around 10 delta. But if the short strike is reached, I close the entire spread. You can set this up automatically on TOS. This not only protects you in case of a crash, but also prevents a margin increase as price goes down.

  • @JayZhou-bt8hv

    @JayZhou-bt8hv

    2 ай бұрын

    Bro, what you’re telling people is gold. No one realized how much of a scam Henry is. He only flashes his one million account and use KZread money to boost his size. It’s so unethical, wait until those poor people actually lose money, but it’s too late. This society needs some compliance.

  • @HawaiianSkies

    @HawaiianSkies

    Ай бұрын

    How do u sell a put speed…

  • @larrythecoderguy9560
    @larrythecoderguy95606 ай бұрын

    Henry, I've literally spent my entire Christmas break with you. Thanks for all the free and great content. I expect this to prove life-changing. Happy New Year from Birmingham Alabama.

  • @theelvensong4328
    @theelvensong43286 ай бұрын

    The circle of life has no beginning and no end. Thanks for showing how to do the wheel strategy!

  • @SotornM
    @SotornM6 ай бұрын

    Thank you Henry for your upfront and truthful advise. I have been subscribed to you for awhile and like your content and the transparency that you provide. I do somewhat of a ladder put selling strategy where I'm writing out 6-8 weeks mostly and 4 week or less where there is clear opportunity. When the 6-8 week ones become 4 week or less, I start managing them to expiration or rolling if needed and also writing out my next set of 6-8 week ones for a steady monthly stream of income from low to moderate risk puts.

  • @kaitlyncranwick
    @kaitlyncranwick5 ай бұрын

    Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market

  • @BiancaSherly-qt6sb

    @BiancaSherly-qt6sb

    5 ай бұрын

    Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a-lot of wealth transfer in this downtime if you know where to look.

  • @maryHenokNft

    @maryHenokNft

    5 ай бұрын

    I completely agree; I am 50 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!

  • @maggysterling33254

    @maggysterling33254

    5 ай бұрын

    @@maryHenokNftI'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

  • @maggysterling33254

    @maggysterling33254

    5 ай бұрын

    @@maryHenokNft Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems

  • @maryHenokNft

    @maryHenokNft

    5 ай бұрын

    The decision on when to pick an Adviser is a very personal one. I take guidance from *Gertrude Margaret Quinto* to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

  • @Meowmeow.age.6
    @Meowmeow.age.66 ай бұрын

    I have been running the wheel strategy in an IRA for years. My worst year was +35%, which is like SPYs best year.

  • @Vynie-pu7md
    @Vynie-pu7md5 ай бұрын

    Nice and informative video. I've been investing with a broker for over a year now and I just hit the $800k milestone.

  • @AntoniDoug

    @AntoniDoug

    5 ай бұрын

    I agree with you. Trading my stocks with my FA, Ann Marie Celentano was the best decision I made last year. My funds have snowballed from 180k to 930k since then

  • @KenHagenes-yv6un

    @KenHagenes-yv6un

    4 ай бұрын

    Heard about Ann from my colleague at work. she now handles my trades as well as that of my friend. she is someone I recommend.

  • @sirg_k

    @sirg_k

    4 ай бұрын

    @@AntoniDougyea wow I am so glad that I reached out to SpongeBob to get the top stock picking advice, he made me 20 shells!

  • @albforever

    @albforever

    4 ай бұрын

    I appreciate this recommendation. searched for this lady you mentioned on google and I'm impressed by her performance. I was able to reach out.

  • @tonyc9035
    @tonyc90356 ай бұрын

    Happy New Year 2024 uncle Henry!! ❤❤

  • @InvestwithHenry

    @InvestwithHenry

    6 ай бұрын

    Thank you

  • @user-qu9ff8fm6o
    @user-qu9ff8fm6o6 ай бұрын

    I am excited to learn from you the options

  • @sylvialien8358
    @sylvialien83585 ай бұрын

    Thank you for the great video. I’m trying to learn option trading. I learned so much from your option trading videos. I own many apple stocks for a long time. I would like to sell covered calls using my apple stocks. Do you think it’s good to do so ?

  • @menochivo9507
    @menochivo95076 ай бұрын

    I only do weekly, and only sometimes 2 weeks. practically never monthlys. There is a higher percentage on weekly than going out all the way a month. this year I made 34.7%. That includes premiums, dividends, and stock appreciation on the calls.

  • @johnt697

    @johnt697

    5 ай бұрын

    This doesnt make any sense whatsoever, monthly gives you some time to recover from a bad stretch of days that work against you. Using your logic, you should do nothing but 0 DTE options. Why go all the way out to a full week using your logic.

  • @menochivo9507

    @menochivo9507

    5 ай бұрын

    ​@@johnt697 I trade the wheel. 0 DTE has very little premium left. Everyone has a very different risk tolerance to their risk/ reward ratio. This is mine and Ive done well.

  • @marko5937
    @marko59376 ай бұрын

    Excellent video, Henry! Thank you for preparing this. Been using your videos to help me learn about and trade options. Doing very well selling and rolling options for the last 4 months. All the best in 2024! - Mark O, Longtime U.S. east coast viewer

  • @alvinwong9506
    @alvinwong95066 ай бұрын

    I’m trading the wheel o NIO; one of your favs back in the day!

  • @johnmaxwell1356
    @johnmaxwell13566 ай бұрын

    You packed so much information into this video. I do want to say I think you need to mention that a stocks volume needs to be sufficient to allow moves into and out of options. If there isn't sufficient volume being able to sell/buy the options becomes problematic. Just my two cents. Thank you for all your informative knowledge. Best of luck to you in the New Year.

  • @SD-mg7np

    @SD-mg7np

    5 ай бұрын

    Yeah but most of us ain’t buyers of hundreds of contracts

  • @RobGoGetIt
    @RobGoGetIt6 ай бұрын

    You are awesome. Thx for you information.

  • @Sl4ck0tik

    @Sl4ck0tik

    5 ай бұрын

    hey i gotta bridge to sell ya

  • @michaelstuhlman
    @michaelstuhlman6 ай бұрын

    I started doing the wheel after the covid crash I made allot of money but anyone could have made money then. Buy and hold would have worked also I took out a nice chunk of money which was my profits for a year and put it in CEFS Then the stock market was down last year and I spun my wheels and lost some money. This year I made it back and made some more profits which I took out and put it in CEFS. I have built the CEFS up to more dividends than I spend each month and I can reinvest a little for more dividends. Basically the money I am doing the wheel strategy with is close to being the house's money. I paid allot of money in taxes but I made allot of money and had it to pay the tax bill. The wheel strategy works in a bull market. My friend also did the wheel. He was up big after a year and never took any money off the table. Then during the bear market he gave it all back and then some. Finally after the third year he's back to even. I wish I knew when the next correction will be but for now I just have to ride this wave The entire year and a half the market went up after covid some people were predicting gloom and recessions or worse

  • @namitgaur
    @namitgaur5 ай бұрын

    In 2022 I lost lot of money selling puts on Tesla as it dropped from 400 to 100. The covered call premium was too low and I got stuck with Tesla stocks. Finally I sold them at a huge loss. How does one handle such situations.

  • @jtalleyrand8345
    @jtalleyrand83456 ай бұрын

    another excellent video.

  • @basicinvesting1019
    @basicinvesting10196 ай бұрын

    Good morning sir!

  • @christopherg5147
    @christopherg51475 ай бұрын

    I been running the Wheel on TNA .

  • @n.8899
    @n.88995 ай бұрын

    Which software are you using to track down trhe wheel. I m doing it for 2 years with an excel spread sheet and that takes a long time and effort daily!

  • @vladonweb1
    @vladonweb16 ай бұрын

    Henry can you please make detail video on AMC .Thanks .

  • @b.solutions9255
    @b.solutions92556 ай бұрын

    Hey Henry, thanks for your great content!!! What I’m not understanding correctly how do you calculate the risk of 10% for one position? e.g. You sell a Put on Spy with a strike of 450 that means a max position if it’s assigned of 45.000$ in SPY. I understand that correctly that I need for this example an account of min 450.000$ ??? Thanks for your help and a healthy new year 🎉

  • @theman6910

    @theman6910

    3 ай бұрын

    This is when you use the credit spread to get away from that 45,000 collateral.

  • @Arkine13
    @Arkine136 ай бұрын

    LOL, there's no days off when you have a ranch, I'll be spending the holiday feeding, cleaning and working with horses. Hard work, but rewarding. As for the wheel, I'm basically running it on AMC and AGNC. AMC isn't going so well at the moment, but I'm not really taking losses either. AGNC is going well, plus they pay dividends, so I go out about 3 months at a time with them. Anyhow, have a great new year!

  • @matturner8
    @matturner85 ай бұрын

    I've been eye balling a couple of Tech stocks and NVDA for a while now. I own no A.I stocks in my portfolio and I want to have that addition to my portfolio or am i too late? I currently have about 500k from an insurance payout and i don't want to mismanage it.

  • @ScottArmstrong12

    @ScottArmstrong12

    5 ай бұрын

    I prefer buying growth/blue-chip stocks for safety and productivity. It's recommended to collaborate with a fiduciary advisor for a well-diversified portfolio instead of relying on speculations.

  • @KevinClarke9

    @KevinClarke9

    5 ай бұрын

    No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.

  • @suzannehenderson5

    @suzannehenderson5

    5 ай бұрын

    Being heavily liquid, I'd rather not reinvent the wheel. Since this strategy works for you, how can I contact your advisor?

  • @KevinClarke9

    @KevinClarke9

    5 ай бұрын

    The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Carol Vivian Constable‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

  • @suzannehenderson5

    @suzannehenderson5

    5 ай бұрын

    Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

  • @prayerrequestedfrizzle5103
    @prayerrequestedfrizzle51035 ай бұрын

    Thank you

  • @Millerdelo
    @Millerdelo6 ай бұрын

    Thank you! I am a single mom, I've been thinking about investing going into 2024. I'm starting a business and am about to be financially stable enough to start putting money into the market. My biggest question before I get started is: How do I know if the stock market is too high right now so should I wait for a downturn before investing? Or what type of stocks (ETF, Index Funds, Penny Stocks, High Yield Dividends, etc.) should I buy at different turns in the market?

  • @ArchieLatham502

    @ArchieLatham502

    6 ай бұрын

    @sammyphon you're really doing well for yourself, my retirement plans are going down the drain. I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value, I'd rather not reinvent the wheel. Since this strategy works for you, how can I contact your advisor?

  • @Edgardo477

    @Edgardo477

    6 ай бұрын

    Exactly what I’m doing again this week. The smartest thing I’ve ever done was having 30% in cash to buy on the way down in 2021. It hurt watching 30-40% discounts drop to 50, but grabbing Google, NVDIA, Apple, and others near the bottom has paid off. I love the bull outlook but I’m not confident to should hold all equities

  • @ArchieLatham502

    @ArchieLatham502

    6 ай бұрын

    Thanks for sharing. searched for her full name and her website popped up

  • @MagnesVestergaard

    @MagnesVestergaard

    6 ай бұрын

    Single Mom? Gross

  • @Millerdelo

    @Millerdelo

    6 ай бұрын

    Thanks a lot🙏 i really appreciate. Was amazing speaking with Martha on the phone

  • @entertainmentinternational1087
    @entertainmentinternational10876 ай бұрын

    It's crazy how much money u can make doing this... the more u have the more u can make.. and the more u have u can wheel with lower prices otm on secure put since u have more capital.. safer... imo 3 weeks would be the most.. after 3 weeks the premiums don't go up as much

  • @Meowmeow.age.6
    @Meowmeow.age.66 ай бұрын

    The wheel only goes up and long as you don't sell puts on stocks on the warpath to zero or are in lala land like NVDA when it finally comes down to reality.

  • @traderkim555
    @traderkim5556 ай бұрын

    Henry, you have changed the entire course of my life! I learned how to sell options through your teachings, and I've gotten pretty good at it over the last couple of years!! Thank you!!

  • @InvestwithHenry

    @InvestwithHenry

    6 ай бұрын

    Thanks!

  • @ciscoa3142
    @ciscoa31426 ай бұрын

    Can you please explain the huge drop in your account? I see you are up a lot on the year I am curious what a trade gone bad looks like in the strategy you use. Thank you

  • @LOS.thegod

    @LOS.thegod

    6 ай бұрын

    The market dropped in September/october

  • @MrAsimuk007
    @MrAsimuk0073 ай бұрын

    Hi, I would like to start using this strategy but I'm struggling with choosing a strike price because most of the high quality stocks are very loose to their 52 week highs. Does anyone have any tips?

  • @fly3436
    @fly34364 ай бұрын

    Why you have a funnel set up when trying to get to your discord. Is that for real or an error? Are you charging for the access to discord?

  • @joshmeyer8999
    @joshmeyer89995 ай бұрын

    How do you get into your discord group? Looking for more information and guidance on moving forward with investing

  • @aurinator
    @aurinator5 ай бұрын

    COIN Wheel 100%

  • @chanman7815
    @chanman78156 ай бұрын

    Yo, thanks Unc Hen. I got you one day.

  • @yougotnulled2983
    @yougotnulled29836 ай бұрын

    TO put this into context, he actively traded and barely beat spy. This is a good strategy, but not as bulletproof as the video acts. If something is this easy/bulletproof then everyone would do it. Keep that in mind.

  • @VanturCity
    @VanturCity5 ай бұрын

    Your account amount can make at least 100k/month in premium. Focus 3-5 stocks/etfs with big premiums and dividends payout.

  • @disco4535
    @disco45356 ай бұрын

    What do you do in a market correction? S&P has been running for quite a bit now. But what if it pulls back 10%, you get assigned, then the market pulls back another 5% in that month to 2 months? Youre now well below your cost basis, and would be selling CC's at a strike below what you paid for it. So you just have to sit on the stocks you bought until it goes above what you paid for it, which could be a month or even a year?

  • @Kk-iw4ck

    @Kk-iw4ck

    6 ай бұрын

    Yup basically or sell cc below your cost basis but your technical analysis better be in point or you can just roll if it gets to close for comfort

  • @analyticsx3

    @analyticsx3

    6 ай бұрын

    This is why you only want to do it on stocks you want to own. I like KEY as they pay a nice dividend and are in S&P. Doesn’t have crazy volatility and I’d be happy to own them for a long time. If the market tanks it’s ok I’ll add more. I just got assigned today at $15 becuase I wanted more shares and that price is still well below fair value the premium was 50 per contract.

  • @disco4535

    @disco4535

    6 ай бұрын

    @@analyticsx3 But you'd be getting zero income (not including dividends) if we were in a sustained down trend. What about selling otm calls and rolling or closing them before exp if it gets close to your strike? You'd be risking the buyer exercising early, but you'd still be getting an income. And you could just start the whole strategy over at that current lower stock price, while having to eat the loss.

  • @thedalehayes3

    @thedalehayes3

    6 ай бұрын

    if you like the stock and you buy it outright youd be even deeper in the red. the wheel simply lets you make income while owning a red stock if that happens. im doing it on palantir, riot, and sofi

  • @analyticsx3

    @analyticsx3

    6 ай бұрын

    @@disco4535 Your absolute right. what you don’t see is what shares someone on yt got stuck holding for longer than expected or how much they’ve contributed over the year. The wheel strategy definitely works but you can modify it for your own goals and depending on the volume the strike prices can be terrible. I’m stuck holding epm at 7.50 becuase they announced a partnership that would slow their growth the price now sits $5-6 but I’ll collect the 8% dividend. Stay away from wheeling stocks over the date of when they announce earnings. That’s the other big risk. If you can do the indexes and have the cash for it all the power to you but that’s more risk than I’m comfortable with. This guy has over a million in his account. Even wheeling QQQ is only 4% of his account. Hell I’d do the same.

  • @savusilviu
    @savusilviu4 ай бұрын

    That is 1% higher than buying T-Bills & chill. If you buy a T-Bill ladder you’ll make more because of compounding. What’s your sharpe ratio?

  • @leonardotafas9930
    @leonardotafas99305 ай бұрын

    Hello Henry! I would like to know some suggestions of stocks below $40 that are still good companies, in order to make the wheel. Greetings from Brazil!

  • @Sl4ck0tik

    @Sl4ck0tik

    5 ай бұрын

    dont do this strategy he dont know what hes talking about

  • @dmitryrusak9729
    @dmitryrusak97296 ай бұрын

    Thanks Henry. Here is the question. I have 100 shares of ABC stock bought at 95$, so l sold 1 Call expiring in a week with 100$ strike price. The premium was 2$ which is 200$ received. At expiration day the ABC stock's price is 100.5$ the Covered Call I sold is at 4.5$ which is negative 450$. At the expiration day totally I received 250$ (50$ on shares + 200$ on Call I sold), and spent 450$ because this was the Call's close price it traded at. Please confirm that I actually lost on that trade 450-250= 200$. Am I correct? Thanks

  • @michaelhiebert2812

    @michaelhiebert2812

    5 ай бұрын

    This is not true, the value of the option would be .50 cents at time of expiration = strike price - price of stock at expiration. You still would have made money 500$ + 200$ in premium which is more than the 550$ for just selling the stock at 100.5. Your example wouldn’t make much sense for a 2$ premium at a 3% out of the money call for a safe stock unless there was a lot of time to expiration.

  • @nicolapansini5656
    @nicolapansini56565 ай бұрын

    The 1230000 video on the same topic. Breaking news: it doesn't work as him or the majority of the people explain it.

  • @tacocruiser4238
    @tacocruiser42382 ай бұрын

    Cash-covered puts are the best way to acquire stocks.

  • @AcedMyIQtest-scored100
    @AcedMyIQtest-scored1004 ай бұрын

    I watched the entire video because of the title. Not once did I hear $10,000 per month. I consider this clickbait, hmm?

  • @speedy4435
    @speedy44356 ай бұрын

    I love wheeling and my goal is to get enough capital to consistently wheel, how long did it take to get your portfolio to where it’s at?

  • @EvanEvansE3

    @EvanEvansE3

    5 ай бұрын

    He's mentioned in other videos. I believe it's about 3 years, and he's deposited about a million in those three years.

  • @zacblackwood6197
    @zacblackwood61976 ай бұрын

    When doing the wheel strategy, does that affect dividends? I.e, if the stock is locked up in collateral, do you still get your dividend?

  • @NeverSaid-

    @NeverSaid-

    6 ай бұрын

    You do get to colect the dividend because of your ownership rights as a shareholder, those being collateral assignment (pledging stock for credit), absolute assignment (selling your stock), and the residual right to collect dividends.

  • @s.v.5052
    @s.v.50526 ай бұрын

    It's a really fun strategy, but you sell away the alpha returns for the concurrent income. Sometimes the strategy outperforms when the market goes sideways or even down, but other times the market kicks your ass, and that's by just owning an etf. Not spending 100's of hours of research about what stocks to pick and manage your options.

  • @txguy1973
    @txguy19736 ай бұрын

    There's also the option of rolling the position if something fundamentally changes with the stock or market conditions.

  • @petersergi4097
    @petersergi40976 ай бұрын

    Hey Henry, what platform do you use to read up on stocks/news? Thank you and wishing you a happy new year!

  • @motivationmatrix7427
    @motivationmatrix74276 ай бұрын

    Just started this strategy thinking of rolling some of my Bitcoin gains into this strategy in 2025 for retirement, currently just testing, selling puts on USB.

  • @elliottmg1
    @elliottmg16 ай бұрын

    I'm going back to boring covered calls. I made 1-2 percent consistently

  • @joeyroman84
    @joeyroman846 ай бұрын

    Wouldn't taxes kill you if doing this in a taxable account?

  • @jeffbarkes1704
    @jeffbarkes17045 ай бұрын

    Curious- If say you sell a 100 put on AAPL and at expiration its at 99. Even if you would like to buy the stock at some point, would you buy back your 100 put for say $1 and resell the $100 for say $2, making you another $1 in premium?

  • @guillermomartin8248

    @guillermomartin8248

    4 ай бұрын

    If you sell a put at a 100 strike and it falls to 99, 98, 95, $1… you will be assigned the 100 shares of Apple at 100/share because that’s what you agreed upon the contract. If the share price doesn’t hit 100.00, say 100.50, 101.00 then you have your collateral released and you keep all of your premium.

  • @wrxrob2589
    @wrxrob25896 ай бұрын

    I’m running the wheel on Rocket lab

  • @Mr.DISCO999
    @Mr.DISCO999Ай бұрын

    The discord link is not available

  • @Riggsnic_co
    @Riggsnic_co5 ай бұрын

    I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.

  • @hermanramos7092

    @hermanramos7092

    5 ай бұрын

    There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.

  • @martingiavarini

    @martingiavarini

    5 ай бұрын

    I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.

  • @bob.weaver72

    @bob.weaver72

    5 ай бұрын

    I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?

  • @martingiavarini

    @martingiavarini

    5 ай бұрын

    Credits to 'Natalie Lynn Fisk' she has a web presence, so you can simply

  • @bob.weaver72

    @bob.weaver72

    5 ай бұрын

    She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

  • @sircody01
    @sircody016 ай бұрын

    @ 14:50 you discuss 5 possible scenarios. I don't see a significant difference between scenario 2 and scenario 5 as described. Am I missing something?

  • @Sl4ck0tik

    @Sl4ck0tik

    5 ай бұрын

    yea probably that this dude dont know what hes talking about

  • @thewheeldealstradingjournal
    @thewheeldealstradingjournal6 ай бұрын

    Good stuff, bud. We should do wheel strategy episode together sometime since we have the largest Profitable accounts on KZread.

  • @thedalehayes3

    @thedalehayes3

    6 ай бұрын

    ive been wanting you guys to collab!!

  • @thewheeldealstradingjournal

    @thewheeldealstradingjournal

    6 ай бұрын

    @@thedalehayes3 it’s hard for me to get any of the big KZreadrs to want to do that bc they know there are levels to the Transparency game. They might not be as comfortable as I am divulging all of the results and letting them speak for themselves.

  • @SD-mg7np
    @SD-mg7np5 ай бұрын

    Finally understand what the wheel strategy is lol

  • @teshsanders2679
    @teshsanders26794 ай бұрын

    All the way to the bank hahahaha😂😂😂

  • @buyhighsellhigh240
    @buyhighsellhigh2406 ай бұрын

    Henry, what was your 2023 performance on your Robinhood portfolio?

  • @AcedMyIQtest-scored100

    @AcedMyIQtest-scored100

    4 ай бұрын

    Much more importantly would be… “what was your performance on your 2022 portfolio?”

  • @ronocnayr
    @ronocnayr6 ай бұрын

    What is your approach when you sell a put - get assigned and the price drops ~ 10% lower? I fear selling a call would ensure an overall loss if the stock gets called away with a quick rebound. I realize selecting good stocks is important, but this can happen with any stock e.g TSLA - has significant swings. Perhaps wait for a bit of a recovery before selling calls? Thank you.

  • @thedalehayes3

    @thedalehayes3

    6 ай бұрын

    thats when rolling an option saves you. I recently rolled covered calls on RIOT, collected nice premium and increased my strike price by 10 dollars

  • @ronocnayr

    @ronocnayr

    6 ай бұрын

    @@thedalehayes3 aah yes - thank you. I have often thought about selling covered calls on my “forever “ stocks - I think a few minutes a month could safely net me ~ $2000! Have a profitable 2024! Cheers

  • @thedalehayes3

    @thedalehayes3

    6 ай бұрын

    defintely! i look at my stocks like real estate, they need to bring some income in the door! cheers @@ronocnayr

  • @NeverSaid-

    @NeverSaid-

    6 ай бұрын

    If you roll the short put further down and at a further date before assignment for a credit you can gain additional protection without giving up the premium. It just may take longer to collect.

  • @vikingamerican6486

    @vikingamerican6486

    6 ай бұрын

    Just sell another put for the same stock at the price it got called away for. It's like a rolling volatility play for both sides plus div with something you want to own long term. Div stocks are great here e.g. KR. Just ensure that you time the exp date of the call to be After the div week and or the put before thediv week.

  • @Albertux
    @Albertux6 ай бұрын

    VOO YTD 26.66%

  • @echolitis
    @echolitis6 ай бұрын

    Can someone please help me understand this, Is there a way to turn off Margin investing on webull for Level 3 I just want to use my own money. I don't want to borrow money. But I still need a margin account for level 3 can someone please clarify this?

  • @Tonnesen98

    @Tonnesen98

    6 ай бұрын

    Yes, you need to switch to a cash account level 2 options trading. You have to have 25k in your account to do margin on webull with unlimited day trades.

  • @Tonnesen98

    @Tonnesen98

    6 ай бұрын

    They will only allow level 2 with a cash account, level 3-5 can only be a margin account per webull.

  • @HawaiianSkies

    @HawaiianSkies

    Ай бұрын

    You don’t have to use the margin right?

  • @echolitis

    @echolitis

    Ай бұрын

    @@HawaiianSkies No.

  • @johnt697
    @johnt6975 ай бұрын

    How are your puts doing this week?

  • @johnt697

    @johnt697

    5 ай бұрын

    Is this 100% success strategy still working this week for you.

  • @somethingclever1234
    @somethingclever12345 ай бұрын

    great until the market starts going down

  • @pragalvbhattarai8873
    @pragalvbhattarai88736 ай бұрын

    26% is literally market returns this year, nothing to brag about 😂

  • @simonsupersad1722

    @simonsupersad1722

    6 ай бұрын

    it is when you consider the average is 8% this is a good strat i’ve been using for the past 8 years it’s def good for cashflow

  • @napoleonmdusa8877
    @napoleonmdusa88776 ай бұрын

    Don't you have to evaluate the "wash sale" rule with so many puts and calls, which is similar to buys (puts) and sells (calls) ? Wouldn't that complicate this a lot with all those multiple buys and sells at different strike prices? At what point does it become a problem that could violate that "wash sale" rule and what effect does that violation have on continued trading at a brokerage (I have Schwab) ?

  • @ticktock2383

    @ticktock2383

    6 ай бұрын

    If you are buying options and not the actual stocks, so the wash rule would not apply

  • @napoleonmdusa8877

    @napoleonmdusa8877

    6 ай бұрын

    @@ticktock2383 however, if you sell a cash secured Put & it gets assigned, you just bought that stock. Then, if you sell a covered call on that stock and it gets called away (sold), wouldn't that register as a buy and sell of a stock within a short amount of time (30-60 days) where that "wash sale" rule could come into play if I keep doing this on the same stock (i.e. sell another Put on that stock that then gets assigned again to me) ?

  • @johnt697

    @johnt697

    5 ай бұрын

    I wouldnt worry much about the wash sales, the brokers take care of this for you. A wash sale is not permanent, it is deferred until at some point you have sold a position and waited 30 days. So many people think you can NEVER take that loss which is false. It's only deferred.

  • @napoleonmdusa8877

    @napoleonmdusa8877

    5 ай бұрын

    @@johnt697 Thanks, I didn't know this. Basically, I just didn't want to get unexpectedly "cut off" from trading.

  • @delsol7878
    @delsol78786 ай бұрын

    TGT 125 sell call? in 3 weeks? hum...

  • @JayZhou-bt8hv
    @JayZhou-bt8hv5 ай бұрын

    You just deposit money from Selling ur KZread channels into ur trading account for people to think your investments went up 😂

  • @Dadvestor
    @Dadvestor5 ай бұрын

    Weren’t you at $2 million? Maybe withdrew for travel…

  • @knpstrr
    @knpstrr20 күн бұрын

    TBH probably should have just held the PLTR shares at $15 for the long haul

  • @briancrizaldo7640
    @briancrizaldo76404 ай бұрын

    What’s the taxes like when it comes to doing options?

  • @guillermomartin8248

    @guillermomartin8248

    4 ай бұрын

    Short term capital gains tax. ~32%

  • @rpapibear13
    @rpapibear136 ай бұрын

    lol wait, did you just say you can wheel a cash settled product? interesting.

  • @davemallinson4204
    @davemallinson42045 ай бұрын

    Getting guidance from a financial expert, especially as retirement approaches in today's complex money world, is super important. I've seen it myself: by actively seeking advice, a $70k investment has bloomed into an amazing $950k and still going up. It proves that with proper guidance, there's real potential for financial success.

  • @eriklong6152

    @eriklong6152

    5 ай бұрын

    Wow, I'm completely fascinated! How can I get in touch with your financial consultant?

  • @davemallinson4204

    @davemallinson4204

    5 ай бұрын

    Sharon Sue Parker, a respected financial advisor, has been a guiding light for me. Her recent feature in Newsweek highlights her as a top figure in finance, and her exceptional knowledge distinguishes her as a standout in the financial world.

  • @eriklong6152

    @eriklong6152

    5 ай бұрын

    Astounded by her extensive expertise and diligent research, I quickly looked up her name and stumbled upon a rich source of information on her website. Grateful for her generosity in sharing such a wealth of knowledge.

  • @davemallinson4204

    @davemallinson4204

    5 ай бұрын

    Handing over my investment portfolio to Sharon Sue Parker has been a pivotal move. Her skilled advice has entirely transformed my financial journey, altering my perspective on wealth generation. Her expert management has made a lasting impact on my investment strategy, fundamentally changing how I pursue financial expansion.

  • @guomiles732

    @guomiles732

    5 ай бұрын

    Those new to investing and retirees should make teaming up with a seasoned financial advisor their top priority. This partnership acts as a guide and protector for your money, enhancing your trading strategies, boosting potential gains, and significantly reducing the risk of losing your savings.

  • @sr-sr592
    @sr-sr5926 ай бұрын

    so great example with collecting $70 on a 6 week option and title stating guide to 10k monthly. Be real Pro !

  • @KevinRynd
    @KevinRynd6 ай бұрын

    My toxic trait is thinking I can do this too

  • @HawaiianSkies

    @HawaiianSkies

    Ай бұрын

    😂

  • @bruceleggett7500
    @bruceleggett75006 ай бұрын

    What happened to your account Henry? You had 2.3M not long ago

  • @JayZhou-bt8hv
    @JayZhou-bt8hv5 ай бұрын

    Your strategy don’t work lol

  • @LUCKYMONEYGOLF

    @LUCKYMONEYGOLF

    2 ай бұрын

    Wheel Strat definitely works

  • @shill1103
    @shill11035 ай бұрын

    Hopefully he doesnt have half his account in apple still lmao

  • @jdfs5261
    @jdfs52614 ай бұрын

    Man if any one make $10000 per month I don’t think they have time to make KZread video.

  • @eddiethealbatross5734
    @eddiethealbatross57346 ай бұрын

    and to think my portfolio is only .01% the value of yours oof

  • @Sir_Pumpington_Of_Dumpenshire
    @Sir_Pumpington_Of_Dumpenshire6 ай бұрын

    Recycled video. Running out of steam, Henry?

  • @shill1103
    @shill11036 ай бұрын

    At this point just get out because market is going to crash so bad

  • @bsaver5942

    @bsaver5942

    6 ай бұрын

    Same thing they said last year

  • @shill1103

    @shill1103

    6 ай бұрын

    @@bsaver5942 well “they” are all predicting big years for stocks in 2024. So what does that tell you?

  • @theodoreresultan3312

    @theodoreresultan3312

    6 ай бұрын

    Soft landing apparently. Pretty bullish for 2024

  • @shill1103

    @shill1103

    6 ай бұрын

    @@theodoreresultan3312 good luck with that one. Fed has never accomplished a “soft “ landing in history. But don’t worry it will happen this time after that fastest rate hikes in history

  • @theodoreresultan3312

    @theodoreresultan3312

    6 ай бұрын

    @@shill1103 yeah good luck to you too.

  • @alexanderdominguez1930
    @alexanderdominguez19302 ай бұрын

    With the wheel strategy you will NEVER make consistent gains. This is just BS !!! 26% this year ??? What a joke !! BABA and selling puts ? Study the chart from the last 2 years !!!

  • @qq12121
    @qq121215 ай бұрын

    so stupid, win small lose big

  • @shill1103
    @shill11036 ай бұрын

    So ur doing tons of work, using lots of margin , paying lots in taxes, and just pacing the market ……………buying and holding spy with a tiny bit of margin would of been way smarter

  • @thedalehayes3

    @thedalehayes3

    6 ай бұрын

    he is beating the pants off the market, lol im up double what SPY is every month doing this and i have the proof just like henry does.

  • @shill1103

    @shill1103

    6 ай бұрын

    @@thedalehayes3 nobody cares what your doing. My comment was to Henry. And he absolutely is not beating the pants off the market. He is up 26% ytd using tons of margin. Now he has to pay a large portion of that to taxes since that puts him in highest tax bracket. He could of done nothing and just held SPY and made 24% and paid ZERO taxes!!! Clown. So he basically does all this work to not beat the market

  • @thedalehayes3

    @thedalehayes3

    6 ай бұрын

    @@shill1103 i dont know if you are joking but you really need an education into what Henry does. you can easily do this with zero margin and get the same returns. I do the same strategies as him and im up double over SPY. You need to understand how this works before telling millionaires they are clowns, LOL!

  • @bsaver5942

    @bsaver5942

    6 ай бұрын

    ​@thedalehayes3 I do it in Roth so no taxes

  • @HawaiianSkies

    @HawaiianSkies

    Ай бұрын

    @@bsaver5942can’t use margin in a Roth tho right…

  • @tbot7725
    @tbot77255 ай бұрын

    XOM, NEM, MOS, HSY, EXAI

  • @designerfrenchbulldogs2011
    @designerfrenchbulldogs2011Ай бұрын

    What’s your discord? How do I reach you?

  • @user-qu9ff8fm6o
    @user-qu9ff8fm6o6 ай бұрын

    hi again how to join your discord

  • @rev.philthyphil6839
    @rev.philthyphil68396 ай бұрын

    ... 🎡