Transcript

Traders Secrets Notes www.tradersaccounting.com1. Trading as a business (Business Basics)a. Mark to Market selectionb. TradersLog software http://www.traderslog.com c. Business Deductionsi. Business Expensesii. Medical Expenses (Insurance, deductibles, etc.)iii. Trading Expensesd. Trading Plan (Budget)e. Forecast Revenue 2. Wealth Creationa. Investment Planningb. Business Planning3. Wealth Preservation (Law of Insulation and Isolation)a. Tax Planningb. Wealth Protection Planningi. Lawsuits Negligenceii. Intentional Torts4. Tax action plana. Largest expense is taxes5. Entity Selection/Business Formationa. LLC-Flow Through entity of choicei. Retitle brokerage account with name of LLC

ii. Keep a trading journal (log)b. C Corporation

Managing Cash Flow


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