Profit Allocation?
I'm new to day trading, going live in just a couple days. I've practiced with paper trading, I'm confident with my strategy, I'm getting going with enough capital, all the basics are covered.
My question is this: what are your recommendations for what to actually do with my profits? I'm going to immediately set aside 30% for taxes, if that's an overestimation then I'll have bonus. I have immediate use for any profit I make but I also want it to be a self-sustaining machine (use profit to increase account funding for bigger positions for more profit snowballing kind of thing).
How should I allocate the remaining 70% of profits? Thank you!
Posted Jan 31, 2026, 1:26 PM UTC
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