Mastering Time Zones: Trading Around the Clock
One of the challenges of being a digital nomad trader is navigating time zones. Markets operate 24/5, and as a global adventurer, you’ll find yourself adjusting to different time zones regularly. However, this challenge is also an opportunity – you can leverage market movements during various sessions, opening up new avenues for profit.
Whether you’re catching the opening bell in New York or making strategic moves during the Asian session, the ability to adapt your trading schedule to your surroundings is a key skill in the digital nomad trader’s toolkit.
Technology as Your Ally
To successfully trade while on the move, relying on cutting-edge technology is a must. High-speed internet, reliable trading platforms, and secure connections are the lifelines of a digital nomad trader. With the right tools, you can execute trades seamlessly, analyze market data in real-time, and stay ahead of the curve – all from your laptop or even your smartphone.
Recommended hardware for mobile trading
As the well-prepared day trading digital nomad that you are (going to be), you firstly want to make sure that the hardware is up to the task. Secondly, in todays age of ever-changing size and weight restrictions on hand luggage by airlines it also pays off to travel light and compact without sacrificing performance.
So without further ado, here’s a few suggestions for setting up your mobile trading rig including a budget option that shouldn’t exceed $500 (by too much).
Laptops for Digital Nomad Traders
Huge screen but lightweight for under $2000:
- 17” WQXGA 16:10 (2560 x 1600) IPS LCD Screen
- 13th Gen Intel® Core™ i7-1360P CPU
- 32GB LPDDR4X 4266MHz RAM
- 1TB NVMe™ SSD
- Intel® Wi-Fi 6 AX201 and Bluetooth 5.1
- Weight 1350 g (2,99 lb)
Powerful and ultra-portable for under $1000:
- 13.4” FHD+ 16:10 (1920 x 1200) IPS LCD Screen
- 12th Gen Intel® Core™ i7-1250U CPU
- 16GB LPDDR5 5200MHz RAM
- 512 GB NVMe™ SSD
- Killer™ Wi-Fi 6E AX211 (2 x 2) and Bluetooth 5.2
- Weight 1150 g (2,59 lb)
- 12 hour battery life
On a budget? Go renewed/refurbished for less than $250
I’m personallly still using my DELL Latitude 7300, which is perfectly fine for any trader on the road in my humble opinion.
Portable Full HD(+) monitors
This is a selected choice for the ultimate laptop companion: Experience dual or triple-screen productivity anywhere with these ultralight, ultrathin 14” FHD portable monitors, weighing less than a pound and a half and less than a quarter-inch thick at its slimmest. These business grade quality portable monitors from industry leaders Dell or Lenovo can be had for less than $200:
Efficient plug and play: Easily set up your monitor(s) with a single USB-C® cable transmitting both video and power for efficient plug and play.
Versatile design: Conveniently set up your monitor to the left, right or behind your laptop; the dual USB-C ports on each side allow for versatility and better portability.
Power pass through: Work without disruption with power pass through functionality.
Easy and modular: Enjoy the convenience of USB-C connectivity and its efficiency in connecting to Dell USB-C systems and devices.
How many monitors should I get?
Clearly presented information is key for successful trading. If you’re trading one particular futures contract one external monitor is probably enough but to actively track US stocks I’d strongly recommend two external monitors. Both of the above monitors can be connected via the available USB-C ports for total of 3 displays incl. the laptop screen.
Must-have accessories for day trading digital nomads
Featuring the widest variety of ports available, the compact 7-in-1 Dell USB-C Mobile Adapter – DA310 offers video, network, data connectivity for wired Internet via LAN, and up to 90W power pass-through for your laptop.
Its downstream USB-C port supports power pass through and is ideal when your laptop does not have any more USB-C charging ports.
Widest variety of ports: Featuring the widest range of ports available that includes 2 USB-A ports, 1 USB-C, 1 HDMI, 1 DisplayPort, 1 VGA and 1 RJ-45 port. The mobile adapter offers seamless connectivity to various devices like monitorsi, projectors, headsets, keyboard, mouse, flash drives and other accessories.
Multi-functional USB-C port: With a USB-C downstream port that supports power pass through, video and data, you can connect to a monitor at up to 4K resolution at 30Hz, get up to SuperSpeed USB 10Gbps data transfer and 90W power pass throughi to your laptop.
Neither breaking our back nor the bank
Overall, the total weight for this professional traveling trading setup consisting of the (2-in-1) laptop plus two external portable monitors and accessories would be less than 2,5 kilograms!
In the cheapest configuration, we should manage to stay well under $1000 for a mobile trading rig that will definitely do for a couple of years.
High quality co-working spaces and travel accommodation
Forget those images of “successful” traders trading from the hotel swimming pool or sitting under palm trees with a laptop. Same goes for a quick trading session from your hotel room still in your underwear.
Real traders take this profession serious and make sure that they have a conducive and reliable environment to optimize trading performance when on the road.
On top of that, internet connections in hotels can be finnicky and sitting in a coffee shop is maybe not the best place to focus on your streamlined work processes in preparation for a trading session.
So what are we to do here?
WeWork's flexible workspace solutions for digital nomad traders
WeWork’s All-Access program is a godsend for any digital nomad trader who seeks a truly global solution.
At the point of this writing, Wework has 749 opened locations in 121 cities around the world. Check out the currently available locations here.
Of course there are also local or regional co-working office providers that are worth a look if you plan on staying for an extended period in one location such as Singapore-based JustCo, which also has over 40 locations in Bangkok, Singapore, Melbourne or Tokyo.
Booking a Hotel or Staying at an Airbnb?
Internet Reliability: Regardless of the chosen accommodation, internet reliability is paramount for trading success. Traders should confirm the quality of the internet connection before booking, as a stable and fast connection is non-negotiable.
Location and Proximity: Consider the location of the accommodation in relation to financial centers or co-working spaces. Proximity to essential services and resources can significantly impact a trader’s efficiency.
Length of Stay: The duration of the stay may influence the choice between a hotel and an Airbnb. For short stays, a hotel’s convenience may outweigh the benefits of an Airbnb, while longer stays might make the added space and cost savings of an apartment more appealing.
Overall, both hotels and Airbnb apartments offer unique benefits for traveling traders. The decision should align with individual preferences, trading requirements, and the overall travel experience desired. Whether it’s the comfort and services of a hotel or the flexibility and local charm of an Airbnb, the key is to find accommodation that complements the trader’s lifestyle and enhances their ability to navigate the markets successfully.
Of course there are also local or regional co-working office providers that are worth a look if you plan on staying for an extended period in one location such as Singapore-based JustCo, which also has multiple locations in Bangkok, Jakarta or Tokyo.
Building a Network of Fellow Traveling Traders
The digital nomad lifestyle is inherently social, and the same holds true for digital nomad traders. Connecting with like-minded individuals in co-working spaces, online forums, or trading communities fosters a sense of camaraderie and provides valuable insights. Sharing experiences, strategies, and market tips with fellow traders can enhance your skills and make your journey even more rewarding.
Living the Dream of a Digital Nomad Trader
In a world where the traditional boundaries of work and life are constantly evolving, the digital nomad trader stands at the forefront of this revolution. Combining financial savvy with a passion for exploration, these individuals have unlocked a lifestyle that many only dream of.
So, if you’re a risk-taker with a love for adventure, consider taking your day trading skills on the road. Embrace the freedom to work from anywhere, explore new cultures, and turn every day into a thrilling blend of market highs and worldly delights. After all, life’s too short to be confined to a desk – let the world be your playground.