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!
Please follow our Community Guidelines
Related Articles

Fortrade vs. AvaTrade - The Trading Platform Stand-Off
Filip Dimkovski
June 28, 2021

Leverage on Avatrade: What It Is and How to Change It
Andrew Moran
December 22, 2024

Can You Use MetaTrader 4 With IQ Option?
Andrew Moran
December 22, 2024
Related Posts
Filip Dimkovski
Should I Invest Into QQQ or VOO ETF?
Filip Dimkovski
Should I Open an Investment Account for My Children?
Thorsten Steins
Best Investment Tips for Stock Market Beginners?
Andia Rispah Igobwa
How Many Shares per Stock Should I Buy?
Filip Dimkovski
Is Investing in Index Funds a Good Place to Start?
Can't find what you're looking for?