If you’re a trader or active investor, you know how important your office space is when it comes to focus and overall productivity. Do you ever wonder how others organize their trading desks? We did at Online Trading academy, so we asked traders to share photos of their setups. From multiple monitors to creative trading desk furniture, we saw it all.
Here are a few tips for maximizing your own trading desk environment, whether you are a day trader, swing trader, or self-directed active investor:
1. Match your monitor setup to your trading style.
Many traders like to have multiple monitors—one commenter said “you can never have too many screens”—in order to track several tickers, or compare correlated and non-correlated information such as the performance of the same stock over different time periods. But we were surprised by the number of people who trade with a single screen or a laptop. “I believe in simplicity and portability,” one of these less-is-more advocates explained.
2. Be sure you have a fast, rock-solid Internet connection.
Nobody wants to lose a trade because the data takes too long to load, or the connection goes dark at the worst possible time. Until recently, we recommended a wired Ethernet link but the reliability of wireless has improved significantly. If available, consider paying extra for a faster “turbo” speed from your provider.
3. Minimize distractions.
If you trade from a home office, ideally it is in a separate room that is insulated from the daily activities of other family members. Set a regular schedule for trading each day or week or month, and let others know you will not be available during that time. When trading time comes, turn off your cell phone and close the door so you can concentrate on finding low-risk, high potential opportunities using the patent-pending trading strategy taught at Online Trading Academy.
4. Be comfortable.
One trader sent a picture of himself trading as he kneels on an exercise ball. Another says his setup has a lived-in look because “I live in that chair”. You may have a state-of-the-art ergonomic chair or a beloved and well-used office chair, or you may even like to trade standing up. Just as everyone has their own trading style, you know better than anyone else how to put yourself at ease so you can concentrate on your trading or investing.
See favorite setups from traders and investors around the world. For more ideas on setting up the ideal trading desk, check out some of the impressive setups we received: Trading Desks from Traders Around the World
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