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Search: Posts Made By: vmodus

Forum: Psychology and Money Management

August 10th, 2021, 01:19 PM

Replies: 18

Bank account

Views: 2,606

Posted By vmodus

This is great explanation SMCJB and the right...

This is great explanation SMCJB and the right approach regardless of structure. It mirrors how we do things, too, for the most part.

Forum: Psychology and Money Management

August 10th, 2021, 01:13 PM

Replies: 18

Bank account

Views: 2,606

Posted By vmodus

Thanks for sharing. Are you using TS for data or...

Thanks for sharing. Are you using TS for data or another provider? I was paying $2/month each for Nymex, CBOT, and CME, delayed, on one of our accounts with TS.

Forum: Psychology and Money Management

August 10th, 2021, 12:07 PM

Replies: 18

Bank account

Views: 2,606

Posted By vmodus

1) It has been a while since we set up our LLC...

1) It has been a while since we set up our LLC trading accounts, but there is more paperwork. As you state, the liability protection does not extend, but for us it was more about the accounting and...

Forum: Psychology and Money Management

August 10th, 2021, 11:49 AM

Replies: 18

Bank account

Views: 2,606

Posted By vmodus

People who file Schedule C's have a higher audit...

People who file Schedule C's have a higher audit risk than those that do not. It is because the line between personal and business finances (such as for a sole proprietor) can get fuzzy. It is...

Forum: Psychology and Money Management

August 9th, 2021, 04:12 PM

Replies: 18

Bank account

Views: 2,606

Posted By vmodus

LLC (partnership, 1065 tax filing) worked for us...

LLC (partnership, 1065 tax filing) worked for us for a couple reasons, no pun intended. Firstly, my wife and I are partners in our LLC and both traded futures, so it made sense (my wife had to stop...

Forum: Psychology and Money Management

August 9th, 2021, 01:49 PM

Replies: 18

Bank account

Views: 2,606

Posted By vmodus

Aside from SMCJB's approach, you can do extreme...

Aside from SMCJB's approach, you can do extreme segregation and form an LLC (or equivalent), which is what we do. Of course that introduces heavier paperwork burden and has some added costs, but it...

Showing results 1 to 6 of 6

What unexpected challenges have you encountered while trading on a "Funded Trader" platform?

Limited trading instruments
High platform usage fees
Lack of support or mentorship
Unrealistic rules and requirements
No significant challenges
Something else (discuss in thread)

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