Every professional trader has to have some stationary base from which he operates in the markets. Now, the doubt I have is whether it is better to trade from a rented office, or from a separate room in your own home? What are the pros and cons of each? Which option would you recommend and why? My idea is to be based in my own residential property with a trading room from Mon to Fri, and then go away on weekends to change the environment and maintain mental health. After all, if you have no clients to meet in person on a daily basis, nor any co-workers that need to be in the same physical location as you, then why do you need an office?
I say YES to office, reasons... 1. It feels like your at work, less likely to get bored go on youporn 2hours gone. 2. Friends/kids/wife will think of it more at work and won't expect lifts or whatever. Less distractions. 3. Better set times more of a routine. 4. No cats closing trades jumping on the keyboard. 5. No sleeping in all day, well maybe. 6. Great place for hookers/affairs in the middle of the night I need an office when i go full time, had 1 years ago before internet, 2min walk from the night club, good times
LOL, yea I remember the cat put me n trade when I was taking a shower, should had that cat take all my trades that day.... Really depends, if no one is home during your hours of work, you can't beat being at home, you don't have to haul around your porn, Jack Daniels when you made your goal early, don't have to drive when increment weather, have backups at home for extra power and DSL hookup, less fear of crashing into office and stealing everything when out buying bigger screen for porn. nineteen lunch meats in frig, wait around for Jehovah's Witnesses to show up- always one old biddy and one hot chick, they never see that little sign out front that says I am a nudist and no sales people allowed especially religions, then answer door nude.
Well, none of these reasons apply to me. Besides, it is easier to take a break, wait for the market action to develop the way you expect, lie down, do some exercise when you're at home
The only reason I could see for renting an office is if your family doesn't respect what you are doing and interferes with your trading or if your home internet sucks.
The old biddy, never stops me hitting on the hot 1, why do they do that, I guess to stop people like me hitting on the fit 1, but keep our interest enough.
Google co-working in the location you are interested in. Co-working is.growing exponentialy and if there isn't one where you are set one up.