Studying and practice trading has been fun and entertaining. It is nice to have a hobby to fill my off time. But to quote a mentor, "hobbies cost you money, professions make you money." My goal for trading futures is not entertainment, it is to make money. I want to be a professional! Professionals also get better treatment from the IRS.
What kind of business? More research equals more entertainment for a nerd like me. Some people enjoy watching sports, yardwork, etc., learning about what is interesting is fun for me. So, after researching, I started the new family trading business as an LLC. I did everything myself. It was much easier and cheaper than I expected. I am now a professional trader. It sounds good, but it has not made me money yet. That is the goal. "Money earned" will be the measuring stick for this new business venture.
The trading business has been established. Joe's Trading Business (JTB) takes out a loan for $10,000. Opens a bank account, a trading account, and invests in a futures training program. JTB is open!
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