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I total my profitable trades for the month and have the broker cut a check for
half the profits. The half which is left must cover losing trades and grow the
account. As tbill renewal time rolls around I put 80% of account into 6mo tbill
and leave the rest in cash. Anything not in trading account is investment money
maintained in a mix of mutual funds.
Earl
-----Original Message-----
From: Brian Massey <bnm03@xxxxxxx>
To: 'List, Omega' <omega-list@xxxxxxxxxx>
Date: Wednesday, July 22, 1998 6:35 PM
Subject: The best way to manage your money when trading for a living?
>How do those of you who trade for a living manage your money from month to
>month? Do you keep the money you make from the markets in Tbills and then
>draw off of that which you need to live on each month. Or do you just have
>your broker cut you check at the end of each month and keep the rest for
>trading?
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