SteadyOptions is an options trading forum where you can find solutions from top options traders. TRY IT FREE!

We’ve all been there… researching options strategies and unable to find the answers we’re looking for. SteadyOptions has your solution.

How To Be A Successful Day Trader From Home

The good news is that if trading is your passion, then it’s possible to become a successful day trader and work from home. However, it’s not as easy as setting up shop and jumping online. There are specific steps and processes you need to have in place if you’re going to be able to make a living for yourself and have a bright career and future.

It’s going to take hard work and dedication, but know that your efforts will likely pay off down the road, and you’ll be on your way to enjoying a long list of rewards.

Set up A Quiet Office Space

A good first step to becoming a successful day trader from home is to set up a quiet office space for yourself. You’ll want an area in your home where you can work without distractions and noise. Choose a room or location that has a door you can shut so you can concentrate better. You’ll also want to have a mix of lighting options so you can stay productive. As a trader, you’re likely going to need multiple screens or monitors in your office to keep up with the markets and all the action.

Manage Your Time Wisely

You’ll want to have good time management skills in place if you’re going to succeed as a trader working from home. Self-discipline will be essential to you being able to stay on track and reach your goals. You might want to consider getting into an early morning routine that will help you to feel motivated and focused during the day. For example, you can get up and shower, exercise, and eat a healthy breakfast. Also, consider using to set up a business address and virtual mailbox so you can manage your incoming mail conveniently from home when you have time.

Practice Emotional Intelligence

Consistent and stable profits are the goal when you’re trading for a living. For the best results, you need to have emotional intelligence and not commit silly mistakes based on how you’re feeling at the moment. While you need intelligence to trade, you also need to be in control of your emotions and have a disciplined mind. You have to take care of yourself and take breaks, so you don’t feel rushed or pressured into making a trade because you’re tired or hungry. Try your best to focus on the trade and not the money so you can make good decisions and fewer mistakes.

Have A Trading Strategy

You can also be a successful day trader from home by setting up and following a trading strategy. It’s wise to establish at least two trading strategies that you can rely on and act as a backup for each other if either one of them fails. As you gain more experience, you can adopt a variety of more complex strategies that will offer greater results. Winging it and not having a trading plan or approach in place can be tempting when you’re first starting out, but this is likely to backfire on you. The trading world is highly dynamic, so be prepared to adapt, customize, dump, or substitute your strategies as you observe the developments on your screen. 

Educate Yourself & Understand the Markets

It’s in your best interest to take advantage and use a variety of resources if you’re going to succeed as a day trader from home. Be glad to know there is a large range of educational tools out there that you can use, and some are even free. An excellent place to find advice and tips from experienced traders is on online forums and blogs, and in chat rooms. Books and PDFs you can download on the Internet are also useful resources. The better you understand the markets and the more knowledge you have, the more likely it is that you’ll find success.

Know How to Manage Risk

Another important part of the equation when it comes to day trading is risk management. Risk will keep you from success if you fail to respect it and take it seriously. You need to have room to make moves and make money, so you don’t lose it all and have to return to working a corporate job.

A reliable system that you should consider has to do with stop-losses and take-profits. These allow you to plan ahead and prevent your heightened emotions from taking control of your decisions.

  • Stop-loss – This is simply the price at which you will sell a stock and take the loss. It will eradicate you holding on in the hope that ‘it will come back.
  • Take-profit – This is the point at which you will sell a stock and take the profit. This will help you retain that profit by enabling you to sell before a period of consolidation kicks in. 

This is a contributed post.

What Is SteadyOptions?

Full Trading Plan

Complete Portfolio Approach

Diversified Options Strategies

Exclusive Community Forum

Steady And Consistent Gains

High Quality Education

Risk Management, Portfolio Size

Performance based on real fills

Try It Free

Non-directional Options Strategies

10-15 trade Ideas Per Month

Targets 5-7% Monthly Net Return

Visit our Education Center

Recent Articles


  • The problem of Option Math

    Option traders may be divided into two categories. First are those relying on instinct or casual observation. This group tends to speculate on directional movement, future volatility, value, and on potential profitability of trades. The second group is involved deeply with math of trading and depends on what is perceived as certainty or near certainty.

    By Michael C. Thomsett,

  • Put/Call Parity: Two Definitions

    Traders hear the term put/call parity a lot, but what does it mean? There are two definitions and they are vastly different from one another. The first definition involves the net credit/debit for any combination trade, with trading costs are considered. The second definition takes assumed interest rates and present value into mind.

    By Michael C. Thomsett,

  • Do Options Affect Stock Prices?

    It is widely acknowledged that the price of the underlying directly impacts the premium of the option. Therefore, options are termed derivatives. Their current value is directly derived from movement of the underlying price. Is the opposite also true? Does movement of the option value affect the underlying price?

    By Michael C. Thomsett,

  • Portfolio Withdrawal Strategies

    This article will discuss three ways to take systematic withdrawals from your investment portfolio that would be expected to last 30 years, which is a typical time period a 65-year couple might need to plan for in retirement.

    By Jesse,

  • Pricing Models and Volatility Problems

    Most traders are aware of the volatility-related problem with the best-known option pricing model, Black-Scholes. The assumption under this model is that volatility remains constant over the entire remaining life of the option.

    By Michael C. Thomsett,

  • Option Arbitrage Risks

    Options traders dealing in arbitrage might not appreciate the forms of risk they face. The typical arbitrage position is found in synthetic long or short stock. In these positions, the combined options act exactly like the underlying. This creates the arbitrage.  

    By Michael C. Thomsett,

  • Why Haven't You Started Investing Yet?

    You are probably aware that investment opportunities are great for building wealth. Whether you opt for stocks and shares, precious metals, forex trading, or something else besides, you could afford yourself financial freedom. But if you haven't dipped your toes into the world of investing yet, we have to ask ourselves why.

    By Kim,

  • Historical Drawdowns for Global Equity Portfolios

    Globally diversified equity portfolios typically hold thousands of stocks across dozens of countries. This degree of diversification minimizes the risk of a single company, country, or sector. Because of this diversification, investors should be cautious about confusing temporary declines with permanent loss of capital like with single stocks.

    By Jesse,

  • Types of Volatility

    Are most options traders aware of five different types of volatility? Probably not. Most only deal with two types, historical and implied. All five types (historical, implied, future, forecast and seasonal), deserve some explanation and study.

    By Michael C. Thomsett,

  • The Performance Gap Between Large Growth and Small Value Stocks

    Academic research suggests there are differences in expected returns among stocks over the long-term.  Small companies with low fundamental valuations (Small Cap Value) have higher expected returns than big companies with high valuations (Large Cap Growth).

    By Jesse,


  Report Article

We want to hear from you!

There are no comments to display.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account. It's easy and free!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

Options Trading Blogs Expertido