Trading is a Business
Not a job. Not a hobby. A business with a cost structure, suppliers, income targets, and an operating model. Most traders never think about any of those things, and that's precisely why most traders don't last.
A job pays you for time. A business generates return on capital. The difference is everything: how you evaluate decisions, how you select your capital suppliers, how you measure whether the operation is actually working. This section covers the operating model behind running a trading enterprise, whether your capital comes from a prop firm or your own account.
Own-Funded Trading as a Business
Account sizing as a business decision, leverage as a tool, drawdown as a cost of goods. Different constraints, same operating logic.
Coming soonThe Two Roles
The Investor sets the limits. The Trader executes within them. One person, two distinct responsibilities, and what happens when you collapse them into one.
Coming soonTaxes for Traders
Trading as an individual versus operating as an entity. The tax implications are not the same, and the difference grows with your income.
Coming soon