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The Factor Report
@PeterLBrandt
Premier site for classical chart analysis of futures markets. Trader for five decades. Market Wizard. Author. Membership Factor Report
Joined February 2011
2.2K Following    1.2M Followers
Great post right here ⬇️⬇️⬇️⬇️
This was a big trading week for many of us. If you made money, I suggest you take it out of your trading accounts and properly fund your tax account. Trading to grow my personal accounts, not my trading account. If you want to trade bigger size do so after consistent weeks, but don’t do it just cause you have extra money in your account, it’s a passport to poverty. When it comes time for you to increase your unit size, I found it best to add money that I have earned back into my trading account. Remember, we are small business owners so we must properly maintain our tax accounts. I am not an accountant, so please consult one that specializes in futures. However, what I suggest you do is put away at least 30% of everything you take out of your trading account into an into a different account that you call “your tax account”. I maintain my tax accounts at a different bank that I maintain my personal account in so that I don’t mess with my tax account. Proper account management is very important to a long-term profitable career. I don’t see many people talk about it. Please consult a CPA. Have a great day and a blessed weekend same thing
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