Trading-wheels.com Startup Guide & FAQ

Your Roadmap to Getting Started and Answers to Common Questions

Welcome to Trading-wheels.com!

Trading Wheels is built by traders, for traders. The platform is built as an add-on to your brokerage account and thus does not require any deposits directly into the platform. Trading Wheels is connected to your brokerage account via API access, that allows market data and trades to flow to and from the platform in real time.

Getting Started: Step-by-Step Guide

  • 1
    Create an account on Trading-Wheels.com
  • 2
    Link your Interactive Brokers account to Trading Wheels
  • 3
    Set your Global Risk settings for maximum loss limits
  • 4
    Create your rules for Stop Losses, Take Profits, and Max Position Size
  • 5
    Define which Stocks and Options Contracts you prefer to trade
  • 6
    Start Trading!

Frequently Asked Questions (FAQ)

Q: What instruments can I trade on Trading Wheels?

A: Trading Wheels is designed around trading shorter term options contracts. Everything from 0DTE to 1 or 2 months out works well on the platform. We limit the underlying tradable securities to the MAG7 (TSLA,NVDA,AMZN,AAPL,META,GOOG,MSFT), SPY, and QQQ. We do this because liquidity is so important in options trading. Stop losses and take profit levels are worthless if the spread on an options contract is too wide, so trading only stocks with the most liquidity allows our risk management tools to work the best.

Q: Does Trading Wheels have access to move funds into or out of my account?

A: Absolutely not. The API feed from Interactive Brokers does not allow this. API Data is limited to transmitting orders, displaying market data, and displaying active positions.

Q: Does Trading Wheels provide any insight or tools on how or when to enter a trade?

A: No, Trading Wheels is built specifically for managing risk to your account, and managing what happens once you are already in a trade. Having repeatable rules for how and why you exit a trade opens the potential to capture massive winners and not allowing your emotions to govern how or when you exit a trade. This also allows you to use whatever system you like best for entering trades!

Q: When I sign up, can I speak with someone to help me set up the account and get everything working correctly?

A: Of course! You can email us anytime with questions or to schedule a call to walk through set up with a live person at Support@Trading-Wheels.com

Still Have Questions?

If you need more help, please reach out to our support team at Support@Trading-Wheels.com . We’re here to ensure your trading experience is smooth and successful!