Should You Withdraw Your Trading Profits or Not!? 🙌

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When to withdraw gains! I'm a big advocate of withdrawing trading profits and let me explain. There are a lot of people who like to put in their trading account all the money they want to risk even if they're really trading in very small trade sizes. Others will only put in nominal amounts - but I think you should deposit in your trading account the minimum you need to operate your trading plan plus a cushion. Things to consider:

Should you withdraw your trading profits or not?
1) Broker Risk - counterparty risk in particular.
2) Temptation - if i have 100k in my trading account and your trading plan requires you to only trade GBP25 a point and you're swing trading the DAX; you have a lot of buying power there and the temptation is to increase the position size.
3) Value

These are the things you would do well to have in your trading plan:
1) Max loss per month/year
2) Maximum position size
3) Maximum number of positions
4) Margin required
5) Small Cushion

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ukspreadbetting
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Withdrawing 50% of profits can be a good strategy too. You get the increasing buffer in your forex account and some benefit to your life from your profit too.

joninmelbourne
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Personally when I don't withdraw, the profits shrink back down and sometimes ends up disappearing. Withdraw when you can and if it doesn't cost you anything(or much). You can always put it back in if you need it at a later time. Make sure there's one less thing that may potentially drain your will power.

TunaDumpling
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Mark has been cultivating new traders through his knowledge, this is another gem video, I will end my most of days in green then comes one day when I blow up, now I understand why I blow up, I should be keeping only that amount that is required for my trading strategies and withdraw on regular basis, I love how mark have been helping to build right psychology and discipline for traders who want to do trading for years

magical_streaming
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I trade with a 10k account and withdraw on the last day each month, usually between 1250 - 3K +/-

vansolo
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Amazing you guy..!!!  So clear. .so professional..!!!!  Congratulations..!!!

letoubib
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Wonderfully explained. Thank you once again for sharing your knowledge and wisdom.

phoxyphenix
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There's another aspect as well. What do you do with the profits if you take them away? I'm bearish on fiat on long term so I don't want to keep any money on $. But for trading I need liquidity. Can you maybe talk about balancing long term investments with trading account size? how much of your portfolio you should be trading? how to protect your trade account from fiat volatility?

rosencreuz
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Fully agree with you by nature we will always increase our posiition size with too free cash which is where all the problems start

gusmanue
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Starting to research how to make this idea work for me, thanks!

mr.walker
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Hi Mark. That problematic broker was Fxcm, right? Cheers

tocarco
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I'm scared now. How do I make sure my broker won't take my money ?!

amjadhani
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I have 40k in my trading account I ask to withdraw but don’t release until I have to pay commissions in my account manager and also to pay the tax, , how I’m gonna do that.

marivicharris
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I’m new to trading been doing it for 2 months but I e had that a lot of brokers don’t let you with draw your profits

edthegemini
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I invested and when I tried to widraw it doesnt release, what shall I do

Coofffree
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What if i have 1 million $ account and i make 40% profit per month (400k), there will be a problem to withdraw that 400k each month ?

Ucefs
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What if I’m trying to grow my account over 25k to avoid the PDT label freezing my trades

hainezy
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Yes but my broker won't allow me to withdraw

Master_Zu
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I invested a 1, 000usd and theyre asking me to upgrade my account before withdrawal of profit. Is it legit?

maryamvelasco
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Do I need to pay a withdrawal fee to withdraw my money?

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