FAQ
Questions we hear a lot.
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- Is this day trading?
No. The Wheel Strategy holds option positions for days, weeks, or even months, not minutes. You sell a put with a Friday expiration, maybe roll it next week, and most weeks you just collect the premium and move on.
Most weeks you’ll place trades on Monday, peek at the dashboard mid-week, and check back after Friday’s close. Five to ten minutes a week, total. No all-day chart watching required.
- What is “The Club,” exactly?
The Club is the community side of Ghost Investing Club, and it’s the part most members say keeps them around. Every membership includes access to a private Discord (daily chat, market-day posts, post-close debriefs), a weekly FAQ call (market recap, strategy roundtable, member Q&A), and a searchable library of every past Zoom plus shared watchlists.
The Wheel is a long-term strategy and the first painful assignment is where most people quit. The Club is what gets you past it. Talking through the trade with people who’ve been there beats any indicator on a chart.
- I’ve never traded options. Can I still use this?
We’ll teach you. Every membership includes weekly training videos and a weekly FAQ call where we walk through the Wheel one step at a time, cover the software, and talk through the market. By the time you’re ready to place your first trade, you’ll have seen the strategy run dozens of times.
- How much money do I need to start?
Enough to back at least one cash-secured put. That means 100 shares × your strike, in cash. For a $25 stock, that’s $2,500. For a $200 stock, that’s $20,000. Some members start with under $25K and the Wheel scales smoothly all the way up to seven figures. You just sell more contracts or higher-priced strikes.
- What happens if I get assigned?
That’s part of the strategy, not a failure. When you sell a put, you’re telling the market “I’m happy to buy 100 shares at this strike.” If the stock drops below that strike at expiration, the shares come to you, and Ghost switches the symbol over to covered-call mode automatically.
From there, you sell calls above your cost basis and keep collecting premium until the shares are called away. That’s why we say the Wheel never really stops. It just changes which side of the cycle you’re on.
- How much time does the Wheel take?
Five to ten minutes a week, most weeks. The Wheel runs on a weekly cadence: place your puts on Monday, drop in mid-week if a strike worth selling appears, then check back after Friday’s close to see what expired or got assigned. The dashboard does the math; you make the calls.
- Can I pick my own symbols?
Yes, that’s the whole point. You choose every symbol, every strike, every expiration. Ghost is a control panel for your strategy, not a recommendation engine.
A note on advice: Ghost Investing Club is a tracking tool, not a financial adviser. We don’t tell you which stocks to pick or how to size your positions. Members talk about what has and hasn’t worked for them, but those are shared experiences, not personalized investment advice. Always evaluate a trade on your own before placing it.
- What about losing trades?
The Wheel can lose money. Every option strategy can. The biggest risk is selling puts on a stock that drops sharply: you’ll get assigned at a strike well above market, and your covered calls may sit underwater for a while. The mitigation is in stock selection: only sell puts on names you’d actually want to own long-term. Ghost tracks your cost basis honestly so you always know where you stand.
- Will there be training?
Yes — every membership includes weekly training videos covering options basics, the strike grid, and the app itself, plus a weekly FAQ call where we discuss the market, work through strategy questions, and answer whatever’s on members’ minds. Built into your joining fee, not an extra add-on.
- Do I need a specific broker?
No. Ghost works with any broker: Fidelity, Schwab, Vanguard, Robinhood, IBKR, whatever you already use. You log every trade manually as you place it, and the dashboard does the rest.