Wealth Building With Options

Ep 48 - The Wheel Strategy Resolutely

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Dan ties the wheel strategy to New Year’s resolutions, emphasizing that the wheel only works when it’s traded consistently and in cycles. He explains how to systematize the process so it fits into real life—reducing friction, minimizing time demands and making long-term wealth building sustainable.

Key Topics
  • Why the wheel succeeds only as a cyclical strategy
  • Commitment to process over individual trades
  • Fitting the wheel into your daily or weekly schedule
  • Stock selection and trade execution timing
  • Managing expirations, assignments and recycling trades
  • Minimizing adjustments and ongoing maintenance
  • Using planning and automation to save time
  • Systemizing the wheel for long-term results
    • Key Takeaways
    • One-off trades don’t build wealth—cycles do. The power of the wheel comes from repeating the process consistently over time.

    • Systemization is essential. A clear, repeatable routine makes the wheel sustainable and effective.

    • The wheel must fit your life. When the strategy aligns with your schedule, it becomes manageable and even enjoyable.

    • Time requirements are modest. With planning, most wheel maintenance takes minutes—not hours.

    • Consistency beats intensity. A steady, methodical approach delivers better long-run results than sporadic effort.

    • Make it a resolution worth keeping. This is the year to commit to a structured, cyclical investing process.
      • Connect

      Learn more about host Dan Passarelli and Market Taker Mentoring: MarketTaker.com

      Get exclusive content including video trade walk-throughs, Dan's actual trades, monthly AMA webinars and more: wealthbuildingpodcast.com

      Subscribe on your preferred platform and leave a review to help more traders discover the show.

       

      Disclosure:

      Options involve risk and are not suitable for all investors. Prior to buying or selling an option, investors must read Characteristics and Risks of Standardized Options (ODD) which can be found at https://www.theocc.com/company-information/documents-and-archives/options-disclosure-document

      Don’t trade with money you are not prepared to lose. Anything discussed on this show is intended to be generalized information and not intended to be a recommendation to buy or sell any security. The host and guests are not familiar with listeners’ specific situations. For trading information relevant to your specific needs, speak with a licensed broker or advisor.  

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