Trading is a business. Run it like one.
I’m Stephen Herto. I trade for a living, mostly in my pajamas. I write about the part nobody teaches — the business behind the trades. Structure, taxes, expenses, and the discipline to track all of it.
The Business of Trading, 2nd Edition
The how-to manual for everything a trader needs to build a real trading company. A do-it-yourself manifesto to trader status.
- Trader tax status with the IRS, and the tax loss insurance most traders never hear about
- How to monitor your business — the same numbers I track in my own trading company
- Sixty pages of new material over the first edition, with graphs and charts. Paperback or Kindle.
The password to the downloads page is inside the book.
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Reviewing trade exits is essential, as hindsight reveals missed opportunities. Over ten months, directional calls or puts proved most profitable. Managing expenses is crucial; without tracking, trading resembles gambling. Good decisions stem from personal analysis and experience. - The Five Percent Solution, Revisited:
Many traders remember the first time they read The Five Percent Solution. The idea was simple: if you can keep your emotionalContinue reading “The Five Percent Solution, Revisited:”
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