What is the difference between the PowerX Strategy and the Wheel Strategy?
Now, the PowerX Strategy is a trend following strategy. With this strategy, we try to take advantage of short trends in the market, both to the upside and the downside.
The Wheel Strategy is different. With the Wheel strategy, we are no longer buying options, now we are selling options, and collecting the premium if we are right.
This is a completely different strategy from the PowerX strategy, so don’t mix and match these two. The PowerX Strategy is great for growing an account, while the Wheel Strategy is a great strategy to use when trading for income.
Markus did a comparison between these 2 strategies. Please watch this video to fully understand the differences and you can watch it HERE.