Happy Capital Preservation Friday. Proper account management is VIP to long term profitable career. If you made money this week take it out of your risk accounts. I am trading to grow my personal accounts. It trading acclounts. Dont size up just because you made a bit of money. Sizing up should be a business decision made by considering a bunch of different factors. If you make the decision to increase size, take ownership of it by transferring earned capital back into your trading accounts. Capital you earned from trading. Always make sure to properly transfer money into your “tax” accounts. Make sure your “tax” accounts are at a different bank then the one you normally bank at. Don’t mess with tax accounts. It is VVIP you manage your accounts properly. For tax advise contact a CPA that knows about futures trading. I don’t see anyone talk about good trading account management. It is super important.
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