[Ddan]

I've often thought of converting our now vacant office space of 6000 sq.ft into a Day Trading Business centre where all traders would have thier own booth with 4 monitors along with various LCD's around the offices broadcasting business news and also having an espresso bar, lounge, gymnasium etc.. Kind of like a business club

Am I nuts or is this a good idea?\

Dan

[brownsfan019]

It could work for those that want to socialize w/ other traders.

So what's in it for you? That's the question - what would it cost me, a trader, to trade there?

[Ddan]

I would bennifit for having the space leaseed which would solve my #1 problem,
Cost structure would be no different from leaseing office space c/w common areas. It would be a tad bit more for the reasons of having the booths setup for trading with Monitors, internet connections etc..

Dan.

[brownsfan019]

Originally Posted by Ddan »

I would bennifit for having the space leaseed which would solve my #1 problem,
Cost structure would be no different from leaseing office space c/w common areas. It would be a tad bit more for the reasons of having the booths setup for trading with Monitors, internet connections etc..

Dan.

Right - I see what's in it for you. So what's in it for me? I get to pay someone's lease, pay for their internet, computers, etc.? All for the chance of socializing with others? And do I really want to be socializing when I'm trying to trade and make money?

Just giving you the other side of the coin.

[Ddan]

I guess there are two train of thoughts; Trading alone and networking online or trading in an office enviroment with other traders and networking in person. There are really only a few hours throughout the day where day traders make their moves and the balance of the day can be spent networking in person along with the perks in the common areas.

[brownsfan019]

Originally Posted by Ddan »

I guess there are two train of thoughts; Trading alone and networking online or trading in an office enviroment with other traders and networking in person. There are really only a few hours throughout the day where day traders make their moves and the balance of the day can be spent networking in person along with the perks in the common areas.

I get what you are saying but I'm having trouble seeing why I would want to do this as a trader myself. Now if you used this as an avenue to offer new traders a place to work AND be taught, that could work. And then once they get comfortable there, it will become habitual to just 'go to work'. But I think it would be hard getting experienced traders to just up and leave what they know.

[sep34]

Providing trading education via in-house seminars, invited guest etc. would motivate the new and intermediate , or those that need hand holding traders.

providing an atmosphere for networking would be atractive to the seasond trader that suffers from isolation i.e. those traders that are profitable yet they work from home all by themself.

From my perspective the only motivation I can see for a seasoned trader to abandon the convenience of his home office is.....
1. To network.
2. To solve the isolation. Which can become a serious problem if its not nipped in the butt sorta speak.

From your standpoint as the business owner. you would need to figure out how many clients(traders) you would need to make your business profitable....and figure out if you can get that many clients in your region.

For example I live in the DC metro area....not an infamous place for Traders, however the closer to the center of the metro area there is a higher population of traders per capita then there is the farther one moves from that center.

My point is that your office space location and how far a client would need to tradvel may be an important consideration.

Most seseaond trader are set in their ways and they most likly would want to use their own Hardware/favorit brand of hardware. some would require dual monitor while others would want 8monitors and one Desktopsand one Laptop or multiple desktops etc.. therefor you would need to be flexiable in this area.


Regards

[enochbenjamin]

Originally Posted by Ddan »

I've often thought of converting our now vacant office space of 6000 sq.ft into a Day Trading Business centre where all traders would have thier own booth with 4 monitors along with various LCD's around the offices broadcasting business news and also having an espresso bar, lounge, gymnasium etc.. Kind of like a business club

Am I nuts or is this a good idea?\

Dan

what city are you talking about?