What's better: invest or trade?A few weeks ago, Jason contacted me: He had a job and can save $400 - $500 per week. Should he use the money to invest or trade?In this podcast, we will give you our take on this.

The Truth About Trading

Ep. 194: Should He Invest Or Trade?

TradingView Tutorial: How To Make A Cool "CNBC Like" LayoutAre you using TradingView? If so, have you ever wondered how to customize the layout to make it look more "cool"?In this podcast, I will share with you how to customize your layout to look like a "CNBC Chart" in less than 10 minutes. Check out this practical hands-on TradingView Tutorial.

Ep. 193: TradingView Tutorial - Dark View

As you might know, right now I'm stuck in a bad trade: RIDEHow can you avoid getting into trades like this when trading the Wheel Options Strategy?What happens in a downturn? Will I lose all my money?How do you find trades with a high premium?In today's podcast, I'll answer these questions and give you much more Wheel Strategy Tips

Ep. 192: Wheel Strategy Tips: Don't Do THIS!

When trading "The Wheel Options Strategy," you only want to trade options on stocks that you want to OWN. But how to research stocks for options trading?Which sites do you use to check for news on the underlying stock you want to choose? Yahoo Finance? Seeking Alpha? Marketwatch? Benzinga?  ...?How can you KNOW whether you should trade the stock or not?

Ep. 191: How To Research Stocks For Options Trading

What's the difference between a good trader vs a bad trader?In this podcast, we will talk about the character traits of a good trader vs a bad trader. And you will learn about the "Turtle Trader", a famous group of 23 people who made $426 Million trading a simple trading strategy.How did they do it?Watch this video and find out.Recommended Links & Videos:Wheel Strategy Playlist: https://youtube.com/playlist?list=PLB... PowerX Strategy Playlist: https://www.youtube.com/playlist?list...How To Fly Rescue Missions: https://youtu.be/o70hJ53LzDQ

Ep. 190: Good Trader vs Bad Trader

I received a message from a 20-year old college kid:"I need some trading advice:So my parents just found out about my trading account and said to stop playing with money! But I don't wanna listen to them as I believe this could be the beginning of something really big! They said you have to be really smart to be successful and I should focus on college. I'm currently 20 years old."Soooo..... should he pursue his dreams of trading? Or should he listen to his parents and quit trading?What trading advice would YOU give him?Listen to this podcast and see MY reaction and what I'm telling him.

Ep. 189: Trading Advice: Should He Stop Trading?

How to Place a Stock Buy Order in 5 Easy Steps - Trading TutorialAre you thinking about buying stocks?You should! The stock market is making new all-time highs, and there are tremendous opportunities in the market. Time to buy some stocks!But there are a lot of things to consider. - What stock should you buy?- How do you place an order?- What is the difference between market orders, stop orders and limit orders?- Do you use day orders or GTC orders?If you are new to trading, it can be hard to remember all these details.And that's why we created this podcast for beginners that explains everything you need to know about buying stocks online in 5 easy steps.

Ep. 188: How To Place A Stock Buy Order In 5 Easy Steps

Short selling lets investors bet against a stock, profiting when it falls in price.But how exactly does short-selling work? This podcast covers:- what short selling is, - how short selling works, - the hidden costs, - the risks of short selling, - and what a "short squeeze" is

Ep. 187: How Short Selling Works

The Biggest Trading Mistake I Ever Made:No Stock Trading Discipline And PatienceIf you want to succeed in trading, you need 3 things:1.) A Proven Trading Strategy2.) Powerful Tools3) The Right MindsetIf you miss ANY of these 3 elements, chances that you will make money with trading are extremely low. And when it comes to the right trading mindset, you need to have discipline and patience. In this video, you will learn 3 things to improve your stock trading discipline and patience.

Ep. 186: Stock Trading Discipline And Patience - Trading Like A Pro

Stock Market Investing Strategies For BeginnersDo you want to learn how to invest in the stock market?In this podcast, you’ll learn about 3 different stock market investing strategies that can help you make more informed decisions when it comes time to buy or sell stocks.There are many ways to invest in the stock market but not all of them are good for beginners. In this video, I'll show you investing strategies that are easy enough for anyone - even if you have no experience at all! 

Ep. 185: 3 Stock Market Investing Strategies For Beginners

The Covered Call Strategy is one of the first strategies that new traders start trading. Traders might use a Covered Calls on stocks that they have in their portfolio for longer periods of time. For the specific example that we’re going to cover today, we’ll take a look at JP Morgan (JPM).  If you were holding JPM stock in your portfolio before the pandemic, chances are that you are underwater.For the purpose of full transparency, I do not own or hold any JPM stocks. I typically only hold stocks between 5 and 25 days. If you’d like to learn more about my specific trading strategy, check it out here: https://youtu.be/YbViBjP7zGkAnd if you would like to learn more about options, then check out this playlist here on YouTube:Options 101 Course: https://www.rockwelltrading.com/free/options-101-course/

Ep 184: Covered Calls For Beginners

Paper Trading Simulator - Does it make sense to use it?Of course, there is a difference between trading stocks live and with real money or using a paper trading simulator. In this video, you will learn....... the differences between paper trading and live trading... the best paper trading simulator... and where to get it:Think or Swim Paper Money Simulator:https://platform.thinkorswim.com/platform/index.html#!/pmregister

Ep. 183: What’s The Best Stock Market Simulator? - Why Do You Need One?

We've talked about How To Trade A Vertical Spread, Call Debit Spreads, Put Debit Spreads and Put Credit Spreads. What I like about Debit Spreads is the reduced cost and they reduce the "break even."For this example, I'm using tastyworks.I use the PowerX Optimizer to find the best stocks to trade.When trading there are 3 things you need to know:1) What to trade2) When to enter3) When to exitTGTX:- Enter at 20.43- Expecting stock to go as high as 25.37 (profit target)- Stop-loss set at 18.61The PowerX Optimizer told me: -Trade the 20 call w/ an expiration of 8/21.- Spend no more than 2.10 when buying this option.- Max Risk = $210 (you can't lose more than you pay for the call)- Max Reward = Unlimited- Breakeven = $22.41Here's what I did:- I sold the 25 call for 0.50- My cost is now 2.10 - 0.50 = $1.60 ($160)- Max Risk = $160- Limited if the Stock reaches $25 or above.- Breakeven = $21.60- Reward Cap = if stock reaches $25 or above.So by trading a spread here, we reduced our cost and breakeven.Recommended Videos and Links:Call Debit Spreads Explained: https://youtu.be/9tkZOnG2bAsPut Credit Spreads Explained: https://youtu.be/8OKG9U9LAogThe Best Vertical Spread Option Strategy 2020: https://youtu.be/CcU40-TjdZMOptions Trading 101: https://youtu.be/tXpBZGj-FiAMy Trading Plan: https://mytradingroutine.com/

Ep 182: How To Trade Option Debit Spreads On tastyworks

Today, we will talk about what Meme Stocks are since everyone is talking about them. We will also talk about “How to find the next Meme stock that explodes like AMC or GME.”Recommended Links & Videos:PowerX Strategy Playlist: https://www.youtube.com/playlist?list=PLBa3sAx-Io2l9ZV4s66J-uNkG6AJvhSPB Wheel Playlist: https://www.youtube.com/playlist?list=PLBa3sAx-Io2mybLLdWtbjTFqK9-BR5SJbA Boomer's Guide To WSB Lingo: https://www.youtube.com/watch?v=JSiJJLdpOvY&t=0s Wheel book: https://www.rockwelltrading.com/the-wheel-options-strategy-book/ PowerX Strategy Book: https://bit.ly/2wMQ7zWHere's How I Trade with Margin: https://www.youtube.com/watch?v=NJBOGJ5JiXs&t=0s

Ep 181: Meme Stocks: What Are They And How Do You Find Them?

In today's podcast, I will answer the most frequently asked questions about the PowerX and the Wheel Strategy:- What are the best settings for PowerX? And why do you recommend LONG trades only?- How do you pick the best stocks for the PowerX Strategy and The Wheel Strategy?- What happens if the market crashes?- What account size do you recommend for the PowerX and The Wheel strategy?- When is the best time to trade? Do I have to watch the scanner all day?Recommended Links & Videos:Wheel book: https://www.rockwelltrading.com/the-wheel-options-strategy-book/PowerX Strategy Playlist: https://www.youtube.com/playlist?list=PLBa3sAx-Io2l9ZV4s66J-uNkG6AJvhSPBPowerX Strategy Book: https://bit.ly/2wMQ7zWMeme Stocks: https://www.youtube.com/watch?v=mQPl0QzzHJU&t=0sRockwell Merchandise: https://store.rockwelltrading.com/My Trading Routine: http://www.mytradingroutine.com Wheel Playlist: https://www.youtube.com/playlist?list=PLBa3sAx-Io2mybLLdWtbjTFqK9-BR5SJbOptions Trading 101: https://bit.ly/2V7Nf9T

Ep 180: PowerX and Wheel Strategy: The 5 Most Frequently Asked Questions - Answered

This podcast is for everybody interested stock trading, option trading, investing in real estate, making money and motivation. Your host is Markus Heitkoetter, a self-made multi-millionaire, bestselling author, and the Leading Trading and Investment Expert. Markus Heitkoetter is also the CEO and Founder of Rockwell Trading.

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The Truth About Trading

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