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Ehhhh, I'm technically a millennial, but not really. I'm on the line and I relate much more with GenX. I was a latch key kid that drank from the hose. I didn't grow up in millennial culture, I was very much a 90's kid.
What's your next move? I've been looking around for more cheap stocks to wheel, because I'm highly concentrated right now.
The main reason I measure daily, and annualized returns is because I'm tracking the velocity of the trades. I don't actually expect to make 574% in a year. It's helpful though because I can easily see that it's worth exiting a trade early if it increases my daily yield.
I'm just having a bit of fun trading and I'm starting the year on a hot streak, but it's only 12 trades so far, the number will go down.
As far as the fantastic claims go, I could certainly provide the recipts proving my earth shattering $600 in gains, but in all honesty, nobody should be using this as trading advice. It's just a hobby.
I'm up 8.51% pre tax so far. What's the over under? I can tell you factually that this pace won't last all of 2026.
My returns. It's small amount but I'm more excited about the daily/annualized RoI because what I'm doing is scalable.
That's definitely interesting. I've never used leverage but it seems like you have a pretty good setup that works for you. So far, the wheel has been enough to keep me entertained, but I don't hate the idea. I'll bookmark this for later.
Honestly, I let the market do the work for me. I look for a delta around .3 so the market gives it a 70% chance to expire in the money. Then i place a buy to close at 50% of the premium and wait.
If I get assigned the stocks, I'm comfortable holding them if I have to. Don't wheel any stocks that you wouldn't buy at that strike price, because that's the risk you're taking on.
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