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To formally restate the agent's optimization problem for the trading constraint case in terms similar to the ones of the unconstrained portfolio choice problem, one needs to redefine the short risk-free interest rate process and the vector of risk prices.  The most general results of the paper for the diffusion price uncertainty set-up are stated with the help of the utility gradient approach. The authors provide a characterization of the utility gradient density process. The first-order optimality conditions are obtained as a system of constrained forward-backward stochastic differential equations (FBSDE). These conditions are then simplified for homothetic recursive utilities (meaning degree-one homogeneity of the aggregator function). Then, instead of the original FBSDE system, the first-order conditions reduce to a constrained backward SDE for the Lagrange multiplier of wealth. 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