Desk for rent for one day - stock trading

lucas1

Hey All!! I've been trading the Ftse for some time now and I am in the fortunate position that I have a spare day a week that I can commit to solely trading. I'm looking to rent a desk for just one day if there is such a thing (7.30am - 4.30pm)? Ideally I could prebook for a month at a time or even weekly as I still have work commitments? Is there any such service like this? Did a search and didn't come up with much (Dublin and Meath area). Also is there any traders out there that have done similar.

Cheers

Lucas

Alf Stewart.

There's a desk in me garage you can rent one day a week if you like mate.

jimgoose

Surely all you need is a telephone and a computer?

MonkieSocks

Alf Stewart. wrote: »

There's a desk in me garage you can rent one day a week if you like mate.

Pics?

jimgoose

MonkieSocks wrote: »

Pics?

Don't mind him - that's a disused kludgie he's trying to flog for beer money.

XR3i

buy silver

Alf Stewart.

MonkieSocks wrote: »

Pics?

there ya go mate

oppenheimer1

lucas1 wrote: »

Hey All!! I've been trading the Ftse for some time now and I am in the fortunate position that I have a spare day a week that I can commit to solely trading. I'm looking to rent a desk for just one day if there is such a thing (7.30am - 4.30pm)? Ideally I could prebook for a month at a time or even weekly as I still have work commitments? Is there any such service like this? Did a search and didn't come up with much (Dublin and Meath area). Also is there any traders out there that have done similar.

Cheers

Lucas

What you're after is called a virtual office. There are a few providers of the service in Dublin.

smash

Alf Stewart. wrote: »

there ya go mate

There you are OP. All you need is a screwdriver and a chair. Alf might rent you a screwdriver for an extra euro.

MonkieSocks

Alf Stewart. wrote: »

there ya go mate

No thanks Alf, Thanks for sharing.

What colour paint is is the Tin, might be able to paint that desk with it.

smash

oppenheimer1 wrote: »

What you're after is called a virtual office. There are a few providers of the service in Dublin.

You know a virtual office is, well... Virtual.

Spunge

theres a place called T-block that have wifi and desks and its pretty quiet (only 3 ppl when i was there). Just need a laptop. Its pretty common around dublin.

But i assume you want a few monitors and a pc setup ?
Dont know where you can do that. Im sure theres a place though with all the startup accelerators in d ublin

Alf Stewart.

oppenheimer1 wrote: »

What you're after is called a virtual office. There are a few providers of the service in Dublin.

Does it come with a virtual secretary that will do virtually anything for her boss, if you know what I mean, wink wink...

MonkieSocks

smash wrote: »

You know a virtual office is, well... Virtual.

Does it have a view?

Alf Stewart.

MonkieSocks wrote: »

What colour paint is is the Tin, might be able to paint that desk with it.

Magnolia.

Can't go wrong with Magnolia mate. I even painted the dogs kennel with it.

smash

MonkieSocks wrote: »

Does it have a view?

yep

MonkieSocks

Alf Stewart. wrote: »

Magnolia.

Can't go wrong with Magnolia mate. I even painted the dogs kennel with it.

No thanks,

I was in outter Magnolia last week, Volcano's erupting there all the time.

Fookin Kip.

Alf Stewart.

smash wrote: »

yep

That's Bagenalstown, ain't it?

jimgoose

MonkieSocks wrote: »

No thanks,

I was in outter Magnolia last week, Volcano's erupting there all the time.

Fookin Kip.

The mounted archery is class, though. I was thinking of using a similar technique for audits.

MonkieSocks

Alf Stewart. wrote: »

That's Bagenalstown, ain't it?

AGh Feck :mad:

I'd love a Bagel now

Alf Stewart.

MonkieSocks wrote: »

No thanks,

I was in outter Magnolia last week, Volcano's erupting there all the time.

Fookin Kip.

Great throat singers though.

https://www.youtube.com/watch?v=VTCJ5hedcVA

Princess Consuela Bananahammock

MonkieSocks wrote: »

AGh Feck :mad:

I'd love a Bagel now

Bengals, not Bagels. Althogh how he's goign to get it from Cincinnati, I do not know.

lucas1

Jesus I opened up a can of worms haha. Normally I trade from home but with screaming kids it's getting increasingly harder! All I need is 2 screens for portable trading which I have (laptop and monitor). @spunge - thanks for the info. Cheers all.....

biko

Just go sit in a cafe somewhere. Or a pub with wifi.

lucas1

Need to be in front on the pic at 7.30. You need to do a bit of work before market opens at 8am. I'd also have skype on the go, chatting with fellow traders etc.

Alf Stewart.

lucas1 wrote: »

Need to be in front on the pic at 7.30. You need to do a bit of work before market opens at 8am. I'd also have skype on the go, chatting with fellow traders etc.

Any headers or pointers mate?

I have a bit in savings I have been considering investing somewhere, at the moment they're just chillaxin in a savings account.

lucas1

@Spunge - cheers mate. Block t in Smithfield the have hot desks for rent. Thanks for the help

lucas1

@Alf. Waste of time having money in the bank unless it's just for security. I look to make between 5 and 7% return tax free. Month on month (compounded). It has taken me 3-4 years to become profitable. Don't believe the hype of get rich quick. You can lose everything. The key is never risk more than you can afford (good money management) study and trade as much as you can. If you are thinking of getting into it and I would recommend it (I like to mange my own capital), you should maybe try IG in Dublin for free courses, easy platform and good support.
Good luck

Cathy.C

My God! The Dukes are going to corner the entire frozen orange juice market!

XR3i

currency stability may be replaced by, eh , currency flexibility

Spunge

lucas1 wrote: »

@Spunge - cheers mate. Block t in Smithfield the have hot desks for rent. Thanks for the help

yeah i did find it a bit pricey though. But there wasnt much options for you know like the odd day pay-as-you-go type thing around. You should also maybe check out general commercial property renting price (its FAR below residential). But if youre just one day a week the hot-desk might suit you best.

Personally id just work from home(my own comfy chair, set heating. 2 monitors, powerful machine vs using a less powerful laptop just so i can maybe communicate every few hours?) , but working there was good as we had a few of the team together and you can grab a conference room when we needed.

Best of luck and remember to buy high coz sure it'll be higher after the news comes out about that thing.

pickarooney

lucas1 wrote: »

Jesus I opened up a can of worms haha. Normally I trade from home but with screaming kids it's getting increasingly harder! All I need is 2 screens for portable trading which I have (laptop and monitor). @spunge - thanks for the info. Cheers all.....

Do the screaming kids not provide an authentic trading floor experience?

cbyrd

XR3i wrote:

buy silver

I buy 1oz every month. It's my pension .. the paper shíte is worthless.. soon I'll be rich hahahahaha






(just waiting for it to hit 6000 dollars an oz just like Robert Kiyosaki says it will....)

SEPT 23 1989

pickarooney wrote: »

Do the screaming kids not provide an authentic trading floor experience?

He can't snort cocaine off a hookers bottom in his own home

Chartsengrafs

lucas1 wrote: »

@Alf. Waste of time having money in the bank unless it's just for security. I look to make between 5 and 7% return tax free. Month on month (compounded). It has taken me 3-4 years to become profitable. Don't believe the hype of get rich quick. You can lose everything. The key is never risk more than you can afford (good money management) study and trade as much as you can. If you are thinking of getting into it and I would recommend it (I like to mange my own capital), you should maybe try IG in Dublin for free courses, easy platform and good support.
Good luck

Have you hit your target of 5-7% per month for continuous period? Was that your target for the 3-4 years when you didn't break even? Is trading 'as much as you can' good advice considering execution fees or are you trading on margin?

poa

I worked in this industry for 20 years, for 3 of the top firms
Here is my advice.
Your target of 5-7% is not realistic.
Working at this one day per week is not realistic.
One needs to be working at this 12 hours per day minimum, 7 days per week.
And if one can make a margin of 1-2% long term one is doing very well.
The very best of gifted traders I knew could attain this; and they worked a 16 on 8 off cycle in any 24 hour period.
What you are doing isn't trading, its gambling.
I worked in an office which had the very best of Cambridge and Oxford PhD Mathematicians using computer models to generate predicted movements in share price.
These analysts were gifted, and feeding the traders with their predictions.
I would not attempt to trade without this expertise.
I think you have watched Rogue Trader and Wolf Of Wall Street, and got a fantasy of being a trader.
I would give up now, before you lose everything you have.

Ruu

There's a chap called Aongus Von Bismarck here, he'll help you out.

Maximus Alexander

Ruu wrote: »

There's a chap called Aongus Von Bismarck here, he'll help you out.

Was he not sacked?

poa

Over the years I have met so many Walter Mitty type traders.
They all think they are the next Nick Leeson with an edge.
I let them go on about their targets and margins.
Then look at their Sekonda/Citizen etc watch and make my own mind up.
In my experience if a trader tells you he struggles to make 1-2% margin consistently;
and he wears a Rolex, one can believe him.
Even after 7 years in a Singapore jail Nick Leeson still wears his Rolex in Barna now.
That is the mark of a real trader, always has been; always will be.
I can't take anyone seriously talking about 5-7%
The first thing any trader does with his margin is buy a Rolex.
My first Submariner has always been my favourite of my watch collection.

The King of Moo

poa wrote: »

Over the years I have met so many Walter Mitty type traders.
They all think they are the next Nick Leeson with an edge.
I let them go on about their targets and margins.
Then look at their Sekonda/Citizen etc watch and make my own mind up.
In my experience if a trader tells you he struggles to make 1-2% margin consistently;
and he wears a Rolex, one can believe him.
Even after 7 years in a Singapore jail Nick Leeson still wears his Rolex in Barna now.
That is the mark of a real trader, always has been; always will be.
I can't take anyone seriously talking about 5-7%
The first thing any trader does with his margin is buy a Rolex.
My first Submariner has always been my favourite of my watch collection.

So the moral of the poem is... buy a Rolex and you'll be a good trader...?

poa

The King of Moo wrote: »

So the moral of the poem is... buy a Rolex and you'll be a good trader...?

The moral of the story is don't talk like Walter Mitty about 5-7% margins.
And for the record, I would bet my life that the OP doesn't wear a Rolex.
One can just tell after years of being around traders.
I met some gifted ones, but none that could make anything like 5-7% for one day per week.
1-2% margin working 7 days per week, 16 on, 8 off in a 24 cycle was doing very well.
Anyone that says I am a trader, and talks about 5-7%, one day per week; is put into the Walter Mitty bracket I am afraid.
And that is before seeing their Sekonda.

The King of Moo

poa wrote: »

The moral of the story is don't talk like Walter Mitty about 5-7% margins.
And for the record, I would bet my life that the OP doesn't wear a Rolex.
One can just tell after years of being around traders.
I met some gifted ones, but none that could make anything like 5-7% for one day per week.
1-2% margin working 7 days per week, 16 on, 8 off in a 24 cycle was doing very well.
Anyone that says I am a trader, and talks about 5-7%, one day per week; is put into the Walter Mitty bracket I am afraid.
And that is before seeing their Sekonda.

I have an Accurist watch that was half price in Argos.
Looking to invest the €40 I saved somewhere high risk/high reward.

poa

The King of Moo wrote: »

I have an Accurist watch that was half price in Argos.
Looking to invest the €40 I saved somewhere high risk/high reward.

I can never advise a man to invest in high risk/high reward.
But I can advise you on low risk/high reward.
Boxing; Wilder v Povetkin 21st May.
Wilder odds of 1.8 on Paddypower.
40 Euro to 72 Euro.
Enjoy your winnings.
(I am in balls deep on Wilder myself).

CINCLANTFLT

I find the obsession with Rolex watches a bit odd, but putting that aside... The bigger the reward, the bigger the risk... Thus planning for maybe 5% in our current low interest environment means more risk...

Also agreed on this being a 8 hour a week gig... Unless you are setting up some kind of automated trading and wandering off...

(I do own a Rolex, but I don't wear it, I don't want to risk breaking it... I am not joking!!!)

poa

CINCLANTFLT wrote: »

I find the obsession with Rolex watches a bit odd, but putting that aside... The bigger the reward, the bigger the risk... Thus planning for maybe 5% in our current low interest environment means more risk...

Also agreed on this being a 8 hour a week gig... Unless you are setting up some kind of automated trading and wandering off...

(I do own a Rolex, but I don't wear it, I don't want to risk breaking it... I am not joking!!!)

My advice is to walk away now.
Only when you lose everything, and you will; sure as night follows day,
then you will realise this is sound advice.
To be a successful trader one needs to put in 16 hour days, 7 days per week.
Bigger the reward? Bigger the risk? Bigger the loss.
What you are doing, is a race to the bottom.
I have said it before, what you are doing isn't trading; its gambling.

KERSPLAT!

poa wrote: »

My advice is to walk away now.
Only when you lose everything, and you will; sure as night follows day,
then you will realise this is sound advice.
To be a successful trader one needs to put in 16 hour days, 7 days per week.
Bigger the reward? Bigger the risk? Bigger the loss.
What you are doing, is a race to the bottom.
I have said it before, what you are doing isn't trading; its gambling.

Something like a 16 on 8 off in 24hr type thing?

poa

KERSPLAT! wrote: »

Something like a 16 on 8 off in 24hr type thing?

16 hours per day for a trader is nothing unusual to be honest.
I never saw one work less than 12 hours a day.
Before and after a market opens they would be studying data, news, trends, analytics, statistics, and computer models that predicted the next movement.
I don't think one can be a successful trader with less commitment.
One day per week, 8 hours per day sounds nice. But it's not viable.

poa

I don't want to sound patronising.
But I will give everyone some honest advice about trading.
When I was doing my masters in Oxford I lived in shared house.
2 of my housemates were doing PhD's in pure maths at Oxford.
They were Chinese students with very high IQ levels.
One of them was working on a computer model that predicted future movements using massive amounts of previous data.
I would consider them both gifted people.
One ended up working as an analyst for Goldman Sachs, and the other an analyst for Deutsche Bank.
Before doing so, they together decided to try trading with their personal savings.
They simply bet on the FTSE 100 index closing up or down at the end of each trading day.
Sounds easy doesn't it? Up or down. 50/50 chance right?
They lost £20,000 in the first week. That was all the money they had to their names.
Fortunately for both that was the end of it. Lesson learned.
I was lucky to witness this and it put me off doing something similar.
If trading was easy we would all be doing it, but it's not.
My advice to anyone thinking of trading is don't.

The King of Moo

poa wrote: »

I don't want to sound patronising.
But I will give everyone some honest advice about trading.
When I was doing my masters in Oxford I lived in shared house.
2 of my housemates were doing PhD's in pure maths at Oxford.
They were Chinese students with very high IQ levels.
One of them was working on a computer model that predicted future movements using massive amounts of previous data.
I would consider them both gifted people.
One ended up working as an analyst for Goldman Sachs, and the other an analyst for Deutsche Bank.
Before doing so, they together decided to try trading with their personal savings.
They simply bet on the FTSE 100 index closing up or down at the end of each trading day.
Sounds easy doesn't it? Up or down. 50/50 chance right?
They lost £20,000 in the first week. That was all the money they had to their names.
Fortunately for both that was the end of it. Lesson learned.
I was lucky to witness this and it put me off doing something similar.
If trading was easy we would all be doing it, but it's not.
My advice to anyone thinking of trading is don't.

They should have bought low and sold high.

poa

The King of Moo wrote: »

They should have bought low and sold high.

Irish Water wasn't around then.