“I was a sole trader. I had a Chase personal checking account. I had no corporate structures”
The Gstaad Guy Podcast · Founder of ERG Media & Editor-in-Chief of Type 7: Ted Gushue - Craft, Community, & Making Things for the Obsessed
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What was described
started as a sole trader with only a personal Chase checking account before incorporating
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“Sole trader is the cheapest and easiest way of setting up... the tipping point ... profit of around $100,000 because that's when the 25% tax rate starts being more beneficial.”
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“We give each trader the maximum risk points he can risk per a cycle… when the trader is at base, like at zero, he starts slow… as he's going into some winning streaks… he can increase the risk… we go to a certain point of risk points, and then we reset the cycle”