going from office to trading at home

Quote from mrmoose:

I have been a prop trader for many years, and have always been in an office with other traders. I am now trading remote from home and am trying to adjust. Besides making sure to get out of the house every day for a few hours, does anyone have any tips for trading at home?
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STrongly suggest listening to a squawk box of some sort. I prefer my friend, Ben Lichtensteins's www.tradersaudio.com (I don't recommend anyone lightly, he's good).

Much more than just numbers more quickly, keeps you aware of what's going on, who's buying, selling, ....do a free trial.

An online room of peers is also a good idea to keep you in the game.

FWIW,

Don
 
Quote from Don Bright:

STrongly suggest listening to a squawk box of some sort. I prefer my friend, Ben Lichtensteins's www.tradersaudio.com (I don't recommend anyone lightly, he's good).

Much more than just numbers more quickly, keeps you aware of what's going on, who's buying, selling, ....do a free trial.

An online room of peers is also a good idea to keep you in the game.

FWIW,

Don
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thats a good idea Don. I presently use the Lightspeed squack box which I like very much if I end up switching front ends then I will look into other options. BTW what i find is interesting is that my Lightspeed works much better at home then it did at the office, I guess they did not have enough bandwidth
 
All it comes down to is learning how to create boundaries.

It needs to be mutual boundaries too - if your kids get home from school and you are still working you need to go back to work and give them their time - just like they need to learn they can't barge into your office yelling and screaming because "dad is working".

Avoid Whole Foods or Trader Joe's around lunch time - ESPECIALLY if they are located in close proximity to a yoga studio. Too many hot moms around and it'll offer too much temptation :D
 
Quote from newwurldmn:

What about renting your own office space?

That's what I do. Best of all worlds. I get to go "somewhere" giving the separation of work and home. And if you live in a big city like NY, SF or Chicago, you can find one with other independent traders (so you can make some friends).

My personal experience at home was very bad however. Lots of tv and junk food and very little work.
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I will probably eventually look into taking space. I am very concerned about the junk-food, although their was plenty at my old office as well. In some ways being able to make a quick healthy lunch like eggs or chicken on the George Forman is good for me
 
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Just as it takes discipline to trade, it takes discipline not to indulge in bad habits at home especially during trading (overeating, alcohol , drugs, porn, sleeping in late too much, lack of exercise, diking around on pointless internet sites too much .... :) oh wait
 
Quote from Zr1Trader:

Just as it takes discipline to trade, it takes discipline not to indulge in bad habits at home especially during trading (overeating, alcohol , drugs, porn, sleeping in late too much, lack of exercise, diking around on pointless internet sites too much .... :) oh wait
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spot on. Do you trade from home ?
 
Quote from gmst:

I don't know if you trade from home or not, but the fact is trading solely from home changes your life in a big way.

IMO, it effects one's social circle. In an office environment as a trader, one gets all the autonomy he/she wants plus the colleagues to talk to. Trading at home can become very boring and a solitary affair. If one is making more than 200k per year and is active, maybe trading at home is not so bad because one will be able to afford a lot of vacations/golf/social stuff outside, otherwise being alone at home might turn out to be not such a great experience as one hopes it to be. My 2 cents.
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Thats what i found. I make some considerable amount of money. No John Arnold here, but make a good living, enough and then some.

Recently went to a small 400sq.foot office. one of those executive suites. I like the ritual, the short drive(must be a short drive), the receptionist, greeting other business owners/entrepreneurs in the hallways. etc. It has some good benefits.

EF
 
Quote from gmst:

spot on. Do you trade from home ?
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Yes .

It gets kind of bad during winter as far as "getting out"... in MN it gets cold but still all around happy here and trading from home. U betchya dontchya know ay :)
 
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