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vmodus
Forum:
Psychology and Money Management
August 10th, 2021, 01:19 PM
Replies:
18
Bank account
Views:
2,639
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:
2,639
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:
2,639
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:
2,639
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:
2,639
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:
2,639
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
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