Any experience hiring office space as a lone trader? Worth it?

[trendmomentum]

Another solution I've considered in the past is to simply take a few days in the week and trade from my local University's library which I mentioned in the first post. It's a silent place, but filled with people such that it satisfies my social needs. There's also a coffeeshop in the building and I find it easy to get in touch with people.

The problem is internet connection. It's a wi-fi. Not sure if that's a good idea considering that I'm day trading. Not very low latency stuff, but still a potential issue, I think. Maybe it could work if I utilize a mobile connection instead (or as back-up)?

Another problem is that I'd need to bring extra LCDs with me. But might be able to live with that.

Check SPACES in oslo or wework if you want to try the competition They might be able to offer a solution for your needs.

 

[Lucky Lou]

This might be of interest, as the service is for specifically for traders, but they seem to be focussed on 'major hubs' initially: https://www.daytrading.com/for-a-living/etradinghq-review-trading-desk-office-space-innovator

 

[fan27]

Cool.

Do you use this on a daily basis or just when you feel like it? Since you don't have a dedicated desk - does this mean you work only from a laptop or have a mobile solution somehow?

Are there other traders in your building or is it more a mix of various types of professionals?

I just use a laptop which is fine because I am running my strategies fully automated in the cloud. The reason I signed up for the shared space is because I needed a business address for my company. I don't think there are other traders....mainly software, marketing types and a couple of groups flipping real estate.

 

[Trader Curt]

[/QUOTE]

Republicans don't like Heath Care and rather have people die on the streets.

Then why aren't you spending all your money helping people with doctor bills???

 

[viruscore1]

I rented desk space at an office share in Wynward area of Miami for awhile. It was nice to get out of the condo but the convenience of rolling out of bed, trading while looking out to the atlantic ocean was hard to beat. Sure there were hot gals hanging around the office space willing to chat and have lunch with. At closing bell, there is always a group going for drinks after work. It was fun but more of a distraction.

 

[Steve Alexander]

Hi all,

I'm looking into the possibillity of hiring office space for my day trading operations. Ideally with other traders, but not a necessity and maybe not so easy for me to find as traders are limited in numbers where I live. It seems like most office spaces here are geared towards start-up companies and other independent professionals.

I'm not seeking someone to chit chat with during the trading day, but I find that I like getting out of the house and at least seeing other people. When I was taking my degree I spent most of the day in solitude, but in company with other people in the library. It was nice to be able to talk to someone when grabbing a coffee or taking a piss, but then return to solitary studies in peace.

Being completely isolated alone at home can be tough in the long run. I speak from past experience. Now that I'm doing this full-time, I want to make sure it's sustainable and enjoyable in every aspect of it.

I'm leaning towards at least trying it, but need to sort out where I'm staying come this fall. I might leave the country altogether, but that's a different thread...

Any experiences to share here?

Regards and thanks.

I think it depends on your personality. Some people need social interaction; some don't.

 

[Mo06]

Have thought about doing this in the past. Trading from home is OK but I do find the isolation can sometimes get to me.
The downside is of course yet another expense, and of course I'd still want full fast internet access at home.
I have my dog to talk to though.

 

[JSOP]

Hi all,

I'm looking into the possibillity of hiring office space for my day trading operations. Ideally with other traders, but not a necessity and maybe not so easy for me to find as traders are limited in numbers where I live. It seems like most office spaces here are geared towards start-up companies and other independent professionals.

I'm not seeking someone to chit chat with during the trading day, but I find that I like getting out of the house and at least seeing other people. When I was taking my degree I spent most of the day in solitude, but in company with other people in the library. It was nice to be able to talk to someone when grabbing a coffee or taking a piss, but then return to solitary studies in peace.

Being completely isolated alone at home can be tough in the long run. I speak from past experience. Now that I'm doing this full-time, I want to make sure it's sustainable and enjoyable in every aspect of it.

I'm leaning towards at least trying it, but need to sort out where I'm staying come this fall. I might leave the country altogether, but that's a different thread...

Any experiences to share here?

Regards and thanks.

So why don't you trade in libraries instead of spending money to rent office spaces when you might still be trading alone? I used to trade in libraries at one point and it was great. You are amidst buzz of activities so you don't feel lonely and yet you have the solitude to allow you to concentrate on your trading.

 

[Howard]

Have thought about doing this in the past. Trading from home is OK but I do find the isolation can sometimes get to me.
The downside is of course yet another expense, and of course I'd still want full fast internet access at home.
I have my dog to talk to though.

Yes. I hear you there. Maybe I should get a dog. Too bad I'm allergic.

I think it depends on your personality. Some people need social interaction; some don't.

Definitely. I bet most succcesful technical traders need to be able to work long hours on their own.

I don't need much social interaction, but there's a difference between a little bit and nothing.

But we're all different I suppose.

 

[Howard]

So why don't you trade in libraries instead of spending money to rent office spaces when you might still be trading alone? I used to trade in libraries at one point and it was great. You are amidst buzz of activities so you don't feel lonely and yet you have the solitude to allow you to concentrate on your trading.

Yes. Your description is spot on.

I will probably consider this as my first option. I loved being at that library as a student. I never liked studying with other people. In fact. I hated it. But I loved the short breaks where I could chat up people and stretch my legs whenever I felt like it. Sitting at home, this is usually limited to a trip to the bathroom.

Did you trade from wi-fi?

Internet access and having to carry with me extra screens is my biggest concern. But perhaps wi-fi is sufficient?