Systems for Withdrawing Profits
In this week's episode of Line Your Own Pockets, we discuss a question I received from a list member on strategies for withdrawing profits from your trading account.
Topics discussed:
- Get your strategy working first; don't worry about withdrawing until that's obvious
- Trading is much easier if you don't need the money
- Systems I've used for withdrawing
- Keeping living expenses low makes everything easier
- Withdrawing rules affect your trading mindset - and even the strategies you decide to trade
And much more...
Of course, this is not financial advice - a good financial advisor and/or accountant can be worth every penny.
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Before you go!
The next time you find yourself in a drawdown, I want you to stop what you're doing and head on over to betterbacktesting.com to sign up for my free backtesting email course.
I hope to see you there!
Before you go!
The next time you find yourself in a drawdown, I want you to stop what you're doing and head on over to betterbacktesting.com to sign up for my free backtesting email course.
I hope to see you there!
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