Systems for Withdrawing Profits
By Dave Mabe
In this week's episode of Line Your Own Pockets, we discuss a question I received from a list member on strategies for withdrawing profits from your trading account.
Topics discussed:
Get your strategy working first; don't worry about withdrawing until that's obvious
Trading is much easier if you don't need the money
Systems I've used for withdrawing
Keeping living expenses low makes everything easier
Withdrawing rules affect your trading mindset - and even the strategies you decide to trade
And much more...
Of course, this is not financial advice - a good financial advisor and/or accountant can be worth every penny.
-Dave
P.S. Before you go, IBKR has invited me to give a webinar on using AI to create trading strategies. It's a week from today: 11/16/2026 at 12pm ET:
From Idea to Backtest: Build a Trading Strategy with Claude
It's free, and if you can't attend in person, we'll make a recording available afterward. I hope to see you there!