No this is actually a good strategy if you want small gains of 20%~ per year. The idea is you are long on the stock but you run the wheel against it so you make

No this is actually a good strategy if you want small gains of 20%~ per year. The idea is you are long on the stock but you run the wheel against it so you make money without the downside risk, since you are planning to bag hold it. A lot of people who don't trade don't understand there are lots of ways to make money in the market. Edit: I posted in my history a way to automate something like this.