TLDR; brand new to wheel and leaps, need help navigating
Hi all -
Some background about me: i traded options while in college from whatever campus job i had at the time. most of then were just YOLOing calls hoping to get rich quick. That was 5 years ago and I was kind of dumb. Now that I’m older and more mature (arguably), and have a real post college job, I want to do this right. I want to learn the systems, the techniques and do what I need to do to create a healthy stream of income outside of my job. Pretty much I want to be strategic and play this options game right.
Why I’m here: I was just introduced to the Wheel Strategy and LEAPS options recently. I understand each of the strategies and their respective components, I just need to start actually trading now. Answer all the questions, one of the questions or even none of the questions. At least drop an upvote (pretty please), I’m super eager to learn and just want advice from some vets that know what they’re doing.
Questions:
\-How do I know good stocks to buy, especially since I don’t have a large amount of capital (\~$10k)?
\-How do i develop my thesis for LEAPS/Wheel strategy so that I have a plan for every trade rather than shooting in the dark?
\-I am weary of paid groups where I have to pay **a lot** of money for something that could be horrendous, but is it necessary to join one of those?
\-Are there free groups out there that I can join where people just bounce ideas off of each other?
\-Other strategies that are better for beginners than the two I mentioned?
\-What is your biggest piece of advice for me outside of everything I just asked?
I pray the algorithm does its job and gets this to the right people who are willing to share about their experience. Thanks a million