Risk Management

Should I use stop losses on my wheel strategy positions?

What percentage of my portfolio should I put into one wheel position?

What is the worst-case drawdown on the wheel strategy?

What is portfolio heat and how do I manage it?

Is the wheel strategy profitable in a bear market

Should I hedge my wheel positions and how?

What should I do with my wheel positions during a market crash?

Position sizing for the wheel: a Kelly criterion approach