Ep. 216: Trading The Wheel - How To Find The Best Stocks In 4 Simple Steps
The 4 step process I use when picking the best stocks to wheel:
Step 1: Using the Right Scanners/Filters
Step 2: Check the Stock's Correlation
Step 3: Double-Check Google Finance
Step 4: Check the Support Level
Recommended Links & Videos:
The "Wheel" Strategy Explained: https://bit.ly/3ePN4qT
How To Fly Rescue Missions: https://www.youtube.com/watch?v=OlTD9...
Wheel Book: https://www.rockwelltrading.com/the-w...
Trading with Margin: https://www.youtube.com/watch?v=UHy84...
My Trading Routine: https://go.rockwelltrading.com/my-tra...
Trading Futures, options on futures and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources.
You may lose all or more of your initial investment. The lower the day trade margin, the higher the leverage and riskier the trade. Leverage can work for you as well as against you; it magnifies gains as well as losses. Past performance is not necessarily indicative of future results.
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