Tired of Trading From Home?

[BrooksRimes]

Mark,

Any suggestion on how to find other Tradestation users in my area? I tried posting on their forums - no luck. Similar results with ad for short term traders in a local newspaper. I'm in a smaller city (Buffalo). The local IBD group are just buy and hold folks.

Brooks

Quote from wrbtrader:

Anyways, met a few guys from a tradestation group (at that time it was called Omega Research) ...
Mark

 

[bearmountain]

Quote from BrooksRimes:

Mark,

Any suggestion on how to find other Tradestation users in my area? I tried posting on their forums - no luck. Similar results with ad for short term traders in a local newspaper. I'm in a smaller city (Buffalo). The local IBD group are just buy and hold folks.

Brooks

I am not the great Mark, but there appears to be a daytraders group in Buffalo. try meetup.com

http://www.meetup.com/Day-Traders-Support-Group/

 

[BrooksRimes]

Hi Bear,

Thanks for the message.

I did go to a meeting with that group and still stay in touch with one guy.

But they are not TS users and they are discretionary and I was looking for traders leaning more to a system/methodical approach.

Brooks

Quote from bearmountain:

I am not the great Mark, but there appears to be a daytraders group in Buffalo. try meetup.com

http://www.meetup.com/Day-Traders-Support-Group/

 

[LEAPup]

Quote from Bolimomo:

I think you may have misunderstood my point Mark.

I know the OP wants some real trader-to-trader interactions. Not playing the masquerade parties online. The question is: do you have to do it eyeball-to-eyeball? You have seen some of those trading room pictures... hundreds of traders gathered in one room, working... and they ignore each other! Because what/how everybody trades is different.

I was talking about skype conference calls via the internet. Or you can get some "meet me" numbers from Sprint or AT&T. It's real-time, interactive conference calls. Not a relayed chat. You talk to your buddies while your eyes are fixed on your own trading screens.

"Oh you can't see the other guy's screen...". How about using something like WebEx to share your screens?

You want to pay thousands of dollars of monthly rents so you can high-five someone?

I agree! Skype and webex would be a big money saver vs. a bunch of guys sitting in front of monitors, and only talking when it comes to "what's for lunch today?"

I use gotomeeting, and it works well for me. Haven't tried webex.

Gotta say, if Bolimomo tells you something about computers, you can take that to the bank.

 

[Scataphagos]

Trading from home...

In the late '70s, I was part of a financial services group.... my share of the overhead was about $7500/mo.

We had a "falling out" and broke up the business... I started trading from home in the early '80s. My overhead dropped to about $1,000/mo... most of my current expense is computer and data related.

That has saved me ~ $2.2 Million in expenses. Plus, I go to work in tennis togs and can drink beer at 10 AM if I want... What's not to like?

 

[Free Thinker]

Quote from NTMtrader:

I have been trading full-time from my home (basement) for about 6 months now. I find it to be rather lonely, even though I have access to trader chat rooms, audio floor feeds, etc. I need "trader interaction".

I am considering opening a trading floor: providing desk, computers, high-speed internet access, etc to other traders of similar concern. Traders can use their own computer (if preferred); use their own trading platform/software; and of course use their own capital (not interested in starting a prop firm). Just looking to offer other traders a chance to interact, share ideas, and socialize in a "live" environment.

If you are in the Washington DC metro area and have an interest, please let me know. Send me an email: NTMtrader@gmail.com

Any other traders that have experienced similar concern or have advice on the feasibility of this please share.

as i sit here looking out my office window at my mountian view and listen to the birds in my yard while i trade in my custom built office i am thinking wtf is this guy smoking. why would anyone want to drive to a city and go to an office?

 

[Picaso]

Quote from Bolimomo:

I am sure you can find some animated GIFs for rolling eyeballs. Then blast it to your buddies via Yahoo IM, ND! Ask Petsamo. LOL

I'm sure we all have better things to do than finding animated smileys.

 

[LEAPup]

Quote from Scataphagos:

Trading from home...

In the late '70s, I was part of a financial services group.... my share of the overhead was about $7500/mo.

We had a "falling out" and broke up the business... I started trading from home in the early '80s. My overhead dropped to about $1,000/mo... most of my current expense is computer and data related.

That has saved me ~ $2.2 Million in expenses. Plus, I go to work in tennis togs and can drink beer at 10 AM if I want... What's not to like?

You're killing me! I still have an office as I manage retail $$$$

I'd LOVE to be able to do this from home wearing shorts, a t-shirt, and sipping iced tea.

I am seriously considering only having Client meetings at the office, and doing all of my work from my home office.

 

[Bolimomo]

Quote from bearmountain:

I was in a similar situation few years back. Bored to tears trading from home while my wife was at work.
.....
so I opted to share an office with non traders.
.....
Really nice laid back people, no one ever asked me about my trading. Rent was about $500/mo.

It seems that you had paid $500/month, or $6000/year, for a socializing opportunity?

 

[Scataphagos]

Quote from LEAPup:

You're killing me! I still have an office as I manage retail $$$$

I'd LOVE to be able to do this from home wearing shorts, a t-shirt, and sipping iced tea.

I am seriously considering only having Client meetings at the office, and doing all of my work from my home office.

I used to manage a mutual fund timing service... before the fund managers got tired of our exchanges and kicked us all out... I had the dubious distinction of being banned from trading in > 20 mutual fund companies' funds... :>)

Never met with local clients after the initial sign-up. For the non-locals, never met with them personally.

A fond memory was a comment from a client.... "How can you be in business of managing money when your phone is not listed?" LOL! Clients had my phone number, of course... my phone is still non-listed.