Rent an office or trade from home?

[murray t turtle]

I have an office about ten minutes from my home, but I have a more limited home office with execution and analytics. The gym is halfway between so I make my circuitous route.

The office has significantly better line speeds than I am able to get at home - the management company touts this as a promotion in an area with plenty of commercial space available.

I have worked out of a home office using commercial Comcast broadband - my issue was having family around. IMHO would work better if single.

%%
Another elite trader made a play on words; ''i ignore noise unless its my wife'' .LOL Some trade noise; prefer good or average trends my self.

 

[jk90029]

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?

Another alternatives are such as

1)McDonalds, paid daily for coffeee and WiFi.
2)WeWork, paid monthly at https://www.wework.com/

Tell me other alternative.

PS) One of my friend has office, about half hour distance of bicyling, for intentional biking for his health everyday.
Sometimes he goes to office Sunday, for an hour of consistent healthy biking.

PS2) Not all McDonalds offers free WiFi.

 

[Mo06]

Interesting thread.

I reckon it very much depends on the individual - I trade from home but have thought about the rented office in the past.

I think as far as a rented office with other traders goes, advantages are:

Have a chat with others during slack periods.
Gets you out of the home, so that work and non-work are separated.
Maybe a chance to learn new techniques/improve your trading.

Disadvantages:

Rent and services are an additional cost (still need internet at home).
Becoming distracted by others and missing opportunities.

So both have their plusses and minuses.

 

[SunTrader]

Trade in office .... been there, done that.

IMO home is where the heart money is.

 

[Mo06]

I don't think that trading in a McDonalds or internet cafe would be possible for most traders.... if you have say, four large screens, I think they might object.... Also maybe a shortage of mains power outlets.

 

[jk90029]

I don't think that trading in a McDonalds or internet cafe would be possible for most traders.... if you have say, four large screens, I think they might object.... Also maybe a shortage of mains power outlets.

Of course, some (not all) has table with power.

Furthermore, for the EST at NYSE,
1) if you live in LA, you can play golf afternoon everyday.
2) if you live in Paris or Singapore, you can enjoy life other than trading too.

Some country ask little tax rate, compared with US 1040.

 

[murray t turtle]

You're asking the question almost as if there's some objective "right answer".

There isn't.

Different people have different plans, lifestyles and objectives.

I do think co-working spaces, in almost all big cities these days, can be a pretty attractive proposition for traders who want to avoid working at home.

For myself, being able to work at home and not need to go out, to make a living, was (and still is) very high on my original list of reasons for being so determined to learn to make my living this way ... so I wouldn't dream of renting an office. But that's easy for me to say: I live on my own and don't like going out much, anyway. If I had to share the house with family, or whatever, I might feel completely differently about it.

So I wouldn't presume to "recommend", at all.

%%
I would NOT presume to answer all, also. But really, after you take/keep the cat off the keyboard,LOL; 95%/+ of the right answer s becomes much of a hi probability.

Just because most of the day+ position trading help come thru big cities,OK;
its usually the man's mother ,pattern LOL, that has trouble with wise boundaries. AS FAR as renting a home, apartment, or office guess if one lives in NYC , most have too.....Unless they want to buy an apartment.

 

[Daal]

Search on the web "Google Campus [Your City Name]". If avaliable, you can pretty much get free office space/internet/social interaction courtesy of Google. I went there a few times in my city and its fine, sometimes when I'm bored I go there. The struggle usually is to find the energy to commute to 'work' rather than stay in the house. You also tend to lose some screen real estate as moving back and forth several screens is not really an option

 

[algofy]

I have an office about ten minutes from my home, but I have a more limited home office with execution and analytics. The gym is halfway between so I make my circuitous route.

The office has significantly better line speeds than I am able to get at home - the management company touts this as a promotion in an area with plenty of commercial space available.

I have worked out of a home office using commercial Comcast broadband - my issue was having family around. IMHO would work better if single.

do you still actively trade or spend most of your time training?

 

[speedo]

I don't think that trading in a McDonalds or internet cafe would be possible for most traders.... if you have say, four large screens, I think they might object.... Also maybe a shortage of mains power outlets.

Not to mention security and distraction.