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1k Small Account Challenge Results: How This Trader Conquered the Market with the Wheel Strategy

Updated: Jan 9

In the world of options trading, achieving consistent profitability can be a daunting task. However, one trader has proven that it's not only possible but also achievable within a relatively short timeframe. With a remarkable 115% return, this trader has successfully completed a 1k account challenge, showcasing the power of the wheel strategy.

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The Wheel Strategy: A Proven Path to Profitability

The wheel strategy is a versatile options trading technique that involves selling puts as a means to enter an equity, or betting it will not hit that strike, as well as calls on 100 shares of an equity you get assigned. This strategy aims to capitalize on both bullish and neutral market movements, generating consistent income while minimizing risk.

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1k to 2.1k in 9 Months | Summery

  • Starting amount: $1,000

  • Ending amount: $2,115

  • Start date: April 4, 2023

  • End date: December 4, 2023

  • Time: 9 months

  • Strategy: The Wheel

  • Method: OTM CSP high IV equities

  • Biggest win: $AMC / $MARA


My 1k Account Challenge: A Journey of Discipline and Success

The trader's journey began with a $1,000 account, and through careful implementation of the wheel strategy, they consistently generated profits, growing their account to an impressive over $2,115. Their success highlights the effectiveness of the wheel strategy when applied with discipline and a deep understanding of options trading principles.

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Interested in learning how to generate consistent profits in the stock market using the wheel strategy? Join our exclusive Ztradez Options Selling Stock Market Discord server today!



Key Takeaways for Aspiring Options Traders

If you're an aspiring options trader seeking to replicate the trader's success, consider these steps:

  • Learn the wheel strategy: Familiarize yourself with the wheel strategy and its mechanics. Understand the risks and rewards associated with this approach.

  • Practice with a paper trading account: Before risking real capital, practice the wheel strategy using a paper trading account. This allows you to refine your skills without financial consequences.

  • Seek guidance from experienced traders: Connect with experienced options traders who can provide mentorship and valuable insights.

Additional Insights

One of the trader's biggest wins came from betting on $MARA, a stock that was expected to rise due to the potential SEC approval of a $BTC SPOT ETF. The anticipation of Bitcoin's price increase drove up the price of $MARA, allowing the trader to capitalize on the high IV options market.


Another notable win for the trader came from selling puts on $AMC, a stock that experienced high IV for approximately six months. By strategically selling puts on $AMC, the trader was able to profit from the stock's volatility, further demonstrating the versatility of the wheel strategy. Unlocking the Secrets of Profitable Options Trading

To learn more about the wheel strategy and connect with experienced options traders, join our exclusive stock market options trading strategy Discord server. In this vibrant community, you'll gain access to valuable insights, mentorship, and a supportive environment to help you achieve your trading goals. [DISCORD JOIN HERE]

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