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Trade at home or at the office?

  • #21
  • Edited 11:34am Jun 21, 2010 11:01am | Edited 11:34am
Quoting supremeChaos
seriously,
trade at home or office?
it depends.
personally... dedicated trading room at home (with wi-fi so u can have a laptop & trade anywhere at home)
u can design it in such a way that u feel like being in an office (without the accompanying expense).

sometimes, u dont need a physical office, u just need a psychological office (office-like mindset &/or work ethic).
Haha, this is what I do. I trade in a dedicated office area that's secluded from the rest of the apartment from a laptop with Wi-Fi. That way, if I want, I can trade when I am travelling.

I agree, unless you have a huge scale trading business that requires the coordination and supervision of crucial human resources, it doesn't matter whether you trade from home or an office as long as you can have a "psychological office" where you can concentrate on your trading activities with no disturbance.

Happy trading!
Make your losses in demo. Earn your profits live.
  • #22
  • Jun 21, 2010 11:33am Jun 21, 2010 11:33am
Even if you live at home alone, there are still a lot of distractions with home trading. Get an office or a shared office to cut down on distractions. Shared/virtual offices are cheap and a great way to "try out" a office live.

I did the shared office a few years back which is why I realized I needed my own office, even if its a part time office. An office outside the home can make a huge difference in your trading.

Check out www.regus.com There the largest office/virtual office company in the world. Give em a try for a month. See if office life is for you.
  • #23
  • Jun 22, 2010 2:07am Jun 22, 2010 2:07am
I do my main trades from home, then keep an eye out on the trades from the office, maybe do the odd scalp if work is boring me .
  • #24
  • Jun 22, 2010 4:06am Jun 22, 2010 4:06am
after consistency , i will go for office for sure to avoid :

1)complete isolation from the world
2)overtrading
3)have other business exposure , from hiring small team to managing a small company and making connections
4)have professional IT support , which differs from home to office consultancy
5)may hire a research analyst to make curency valuations and gather report and make report , which will be time efficient
  • #25
  • Jun 22, 2010 5:10am Jun 22, 2010 5:10am
Quoting seawinde
after consistency , i will go for office for sure to avoid :

1)complete isolation from the world
2)overtrading
3)have other business exposure , from hiring small team to managing a small company and making connections
4)have professional IT support , which differs from home to office consultancy
5)may hire a research analyst to make curency valuations and gather report and make report , which will be time efficient
So you're comparing a trader who trades at home, to one who trades in an office and wants to expand his business? Not a sensible comparison - if expansion is the aim, of course an office is the way to go.
  • #26
  • Jun 22, 2010 5:23am Jun 22, 2010 5:23am
if u live alone, it's fine trading from home if you're organised.
  • #27
  • Jun 22, 2010 6:25am Jun 22, 2010 6:25am
If you're aim is to trade alone and make a living from that, doesn't it defeat some of the object of trading going to an office?
  • #28
  • Jun 22, 2010 7:11am Jun 22, 2010 7:11am
I recently got done with completing an office for myself to trade in, Actually its a spare bedroom, (what the wifee things...:-) and i sort of took it over for an office. Anyway its large enough to fit all the computers, and monitors, and has a nice TV mounted to the wall. It will work for the moment, and its also down stairs from the bedroom, so even if I am down there, and making noise, it wont distrub anyone in the house. I am going to try this method and see how it works, out, and then consider the office at a future time.
  • #29
  • Jun 24, 2010 2:55am Jun 24, 2010 2:55am
Quoting Mr J
So you're comparing a trader who trades at home, to one who trades in an office and wants to expand his business? Not a sensible comparison - if expansion is the aim, of course an office is the way to go.
well , that wasnt the only reason
  • #30
  • Jun 24, 2010 6:25am Jun 24, 2010 6:25am
why u want rent a office if u can do all of these at home?

the rental and other misc cost will increase yr psychological burden and may affect yr performance..

good luck anyway
  • #31
  • Jun 24, 2010 7:07am Jun 24, 2010 7:07am
I think MR J addressed that above a few posts ago.
Capital Preservation is key to long term wealth accumulation
  • #32
  • Jun 24, 2010 7:22am Jun 24, 2010 7:22am
If your business is for yourself, why not trade at home? if it makes you feel better to have an "office" then go for it, whatever you want, your the boss. I think if you dedicate an office in your home where, when you are in there it means business, then that is good enough.

I trade at home, I do some of my best trading while taking a crap in the comfort of my own bathroom. shit scalps, but not shitty scalps.... ahh speaking of so, I gotta drop a deuce right now....
  • #33
  • Jun 24, 2010 9:10am Jun 24, 2010 9:10am
Quoting mayuka
why u want rent a office if u can do all of these at home?

the rental and other misc cost will increase yr psychological burden and may affect yr performance..
Many require a professional environment to do a job properly, and for some that requires an off-site office. I wouldn't mind an office in the city myself - I'd get the ferry to work, and get to chat up city babes in my awesome suits .
  • #34
  • Jun 24, 2010 11:32am Jun 24, 2010 11:32am
i would like an office space which is very close to home. now that would be perfect. Working from home has its advantages, but in my opinion, it has more disadvantages. I simply, at the time being, cannot be as productive home, as i am when i'm in an office environment
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  • #35
  • Jul 7, 2010 9:56pm Jul 7, 2010 9:56pm
I think you can trade either ways. However, I do prefer trading in an environment where I can interact with other traders.
  • #36
  • Jul 8, 2010 12:46am Jul 8, 2010 12:46am
trading at home is nice because you could see your family more often, less expense, and in some ways more convenient. So far for me, it made me feel a little dull cause a lot less interaction socially and would feel sloppy at home all day.

But for me I'd like an office space, less distraction and keeps your mind fresh with different environment. Mindset, I would feel more productive and more energetic professionally.
"There's a big difference between looking successful and being successful"
  • #37
  • Jul 8, 2010 5:28am Jul 8, 2010 5:28am
I personally think Work at Office is better.

Better discipline, better focus, no disturbance from your family members.

Sometimes, they may ask you to buy groceries if you are at home
  • #38
  • Jul 8, 2010 7:03am Jul 8, 2010 7:03am
Quote
Trade at home or at the office?
In a hotel.
  • #39
  • Jul 8, 2010 10:15am Jul 8, 2010 10:15am
If I ever get to the point in my trading that this question comes up. I would ask myself if I was getting too distracted at home. If I was being distracted then I would look to hire some sort of small office and see if it is conductive to my trading.

This is a question that I am very very far away from.
  • #40
  • May 18, 2011 1:58pm May 18, 2011 1:58pm
Interesting to read people's points of view, after working from home for a few years, I now have decided I would prefer an office away from home, I have found that I need that 'go to work' feeling, it's odd because when I worked for companies I couldn't wait to work at home! but I think it was the people I worked with that got to me.
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