How much money do I need for the wheel strategy?
Asked 4 years ago
As the saying goes: One needs money to make money. If I were to implement the wheel options trading strategy, how much capital would I need to have a solid and profitable start?
Andia Rispah Igobwa
Tuesday, August 10, 2021
I know that you want to make money as quickly and easily as possible, but margin trading is not for the faint of heart.
The Wheel Strategy should only be used by those with at least $10,000 in cash or who have had some experience before using it.
If you're new to buying stocks on a margin account, first get comfortable with investing your own time into learning how this type of investment works instead of just trusting others about what's best for you without doing any research yourself!
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