Maximize Trading Profits: The Business Model Advantage

In The Disciplined Trader, author Mark Douglas passionately declares, “I urge you to run your trading as a business. You’re here to do a job…and the result of doing a good job is maximizing your profit.” This isn’t just advice; it’s a call to action! Business structure is the lifeblood of profitability. Why on Earth would anyone consider trading outside of a robust business model today? That would be nothing short of absurd! Part of the hesitancy from traders creating a business is pure fear. They don’t know what to do.

One of my favorite books in my early chiropractic career I read was Life Without Fear by the late Fred Barge DC. In healthcare many patients fear their health problem they seek out care for. Part of the doctors job is to put that fear to rest. The presence of the doctor is the first part of the cure.

If you want to overcome your fear you take action. Elevate your trading journey by tapping into the power of legal deductions within a business framework. Setting up a business for your trading is not complex, yet the tax courts are bursting with cases of ordinary traders who failed to recognize the importance of structuring their trading as a legitimate business. In Chapter 2 of my book, The Business of Trading, I dissect a dozen tales of caution, illustrating how these traders could have avoided the courtroom drama. Just imagine if they had taken the simple step to establish a business around their trading practices beforehand—their deductions would have been validated, and they would have sidestepped the harsh realities of tax court!

Right now, there has never been a better time to embrace your identity as a trader! If you envision trading not just as a passing venture but as a long-lasting career, then the time to act is NOW! Opportunities shimmer all around you, just waiting to be seized! I’ve saved many thousands of dollars by trading within a business and you can too.

You can’t live an abundant life in fear! Do not let another trading day slip through your fingers without taking decisive action to structure a business around your trading activities. While maximizing your take-home profit should be your ultimate aim, shielding yourself from the watchful eyes of agents adds another layer of urgency to starting your business today. Trust me, you’ll thank yourself for taking this pivotal step!

Enuf said.