SteadyOptions is an options trading forum where you can find solutions from top options traders. Join Us!

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

How To Stay Productive & Motivated When You Work For Yourself


As a trader, it’s very likely you are currently or will one day be working for yourself. Although it sounds appealing initially, it also presents several challenges. It’s not always easy to stay productive and motivated when you work for yourself.

The pressure is all on you to get up and get going and there’s no one looking over your shoulder. If you want to be successful as a trader and have a more flexible schedule and lifestyle then it’s in your best interest to learn tips that will help you thrive even when no one else is watching.
 

Create Daily & Weekly Goals

One way to stay productive and motivated when you work for yourself is to create daily and weekly goals for yourself. You should start each morning reviewing your goals to get in the right headspace. It’ll keep you productive and motivated because you’ll see that there is hard work that needs to be done if you’re going to get ahead in your career and make money. Be willing to revise and revisit them based on the results you’re seeing and always make sure they’re top-of-mind so you stay on track.
 

Set up an Office Space

It’s also wise to establish a dedicated workspace where you go to concentrate and trade. You want someplace that’s quiet and away from any noise. You’ll be more productive and stay motivated to work hard when you’re in the zone and not thinking about anything else for the time being. Take the time to personalize your space and decorate it and get the right tools, equipment, and software so you’re prepared to sit down and trade and monitor the markets each day.
 

Have A Routine

Another way to stay productive and motivated when you work for yourself is to get into a daily routine. You don’t want to wake up each day not knowing what your schedule holds. For instance, you may want to wake up and review business help articles that will help you do your job better and become a more skilled entrepreneur. After you have a clear head and feel ready to go you can then begin trading and take a break for lunchtime when you get hungry. Set a hard stop each day when you’ll be done working so you don’t get sucked in and stay up too late and not get good sleep.
 

Make A Checklist

You can stay productive and motivated when you work for yourself by making a checklist of what you want to get done. You should write it down so you can visually see it and physically check items off the list as you complete them. For instance, you may want to spend some of your time during the day doing research or figuring out what changes you want to make to your trading plan. Use your checklist to ensure you’re completing tasks that are getting you one step closer to reaching your goals and becoming a better trader.
 

Take Breaks

Self-care is essential when you work for yourself and you want to stay productive and motivated most days. Therefore, take breaks and set an alarm if you need to, and walk away from your desk area and office. Go get water or a snack and stretch your legs for a few minutes. It’ll give your brain a nice break from thinking and you’ll return to your desk and the markets feeling refreshed. Trading takes a lot out of you mentally and you must have solid emotional intelligence. These breaks and rest periods will help ensure you avoid making any emotionally charged decisions as you trade.
 

Celebrate Your Milestones

It’s also important that you stop and celebrate even your little milestones along the way. Stay productive and motivated when you work for yourself by acknowledging what you’ve achieved so far on your own. Review your list of accomplishments and take a few moments to pat yourself on the back for all your hard work and dedication. You must be your own cheerleader and continue to push yourself forward if you’re going to keep excelling.
 

Limit Distractions & Interruptions

Finally, stay productive and motivated when you work for yourself by limiting distractions and interruptions. For example, turn off your phone and email notifications and close your office door when you need to concentrate. Allow yourself breaks to play on the Internet or do other activities but then when it’s time to work you must truly focus your energy and efforts on what you’re doing and what’s in front of you if you’re going to succeed. 

This is a contributed post.

 

Edited by Kim

What Is SteadyOptions?

12 Years CAGR of 129.0%

Full Trading Plan

Complete Portfolio Approach

Real-time trade sharing: entry, exit, and adjustments

Diversified Options Strategies

Exclusive Community Forum

Steady And Consistent Gains

High Quality Education

Risk Management, Portfolio Size

Performance based on real fills

Subscribe to SteadyOptions now and experience the full power of options trading!
Subscribe

Non-directional Options Strategies

10-15 trade Ideas Per Month

Targets 5-7% Monthly Net Return

Visit our Education Center

Recent Articles

Articles

  • The 7 Most Popular Cryptocurrencies Right Now

    There are thought to be 20,000 cryptocurrencies currently in existence. While a lot of these are inactive or discontinued, a lot of them are still being traded on a daily basis. But just which cryptocurrencies are most popular? This post takes a look at the top 7 most traded cryptocurrencies.

    By Kim,

    • 0 comments
    • 5,705 views
  • Harnessing Monte Carlo Simulations for Options Trading: A Strategic Approach

    In the world of options trading, one of the greatest challenges is determining future price ranges with enough accuracy to structure profitable trades. One method traders can leverage to enhance these predictions is Monte Carlo simulations, a powerful statistical tool that allows for the projection of a stock or ETF's future price distribution based on historical data.

    By Romuald,

    • 10 comments
    • 7,848 views
  • Is There Such A Thing As Risk-Management Within Crypto Trading?

    Any trader looking to build reliable long-term wealth is best off avoiding cryptocurrency. At least, this is a message that the experts have been touting since crypto entered the trading sphere and, in many ways, they aren’t wrong. The volatile nature of cryptocurrencies alone places them very much in the red danger zone of high-risk investments.

    By Kim,

    • 0 comments
    • 4,215 views
  • Is There A ‘Free Lunch’ In Options?

     

    In olden times, alchemists would search for the philosopher’s stone, the material that would turn other materials into gold. Option traders likewise sometimes overtly, sometimes secretly hope to find something which is even sweeter than being able to play video games for money with Moincoins, that most elusive of all option positions: the risk free trade with guaranteed positive outcome.

    By TrustyJules,

    • 1 comment
    • 17,840 views
  • What Are Covered Calls And How Do They Work?

    A covered call is an options trading strategy where an investor holds a long position in an asset (most usually an equity) and sells call options on that same asset. This strategy can generate additional income from the premium received for selling the call options.

    By Kim,

    • 0 comments
    • 3,161 views
  • SPX Options vs. SPY Options: Which Should I Trade?

    Trading options on the S&P 500 is a popular way to make money on the index. There are several ways traders use this index, but two of the most popular are to trade options on SPX or SPY. One key difference between the two is that SPX options are based on the index, while SPY options are based on an exchange-traded fund (ETF) that tracks the index.

    By Mark Wolfinger,

    • 0 comments
    • 8,074 views
  • Yes, We Are Playing Not to Lose!

    There are many trading quotes from different traders/investors, but this one is one of my favorites: “In trading/investing it's not about how much you make, but how much you don't lose" - Bernard Baruch. At SteadyOptions, this has been one of our major goals in the last 12 years.

    By Kim,

    • 0 comments
    • 4,506 views
  • The Impact of Implied Volatility (IV) on Popular Options Trades

    You’ll often read that a given option trade is either vega positive (meaning that IV rising will help it and IV falling will hurt it) or vega negative (meaning IV falling will help and IV rising will hurt).   However, in fact many popular options spreads can be either vega positive or vega negative depending where where the stock price is relative to the spread strikes.  

    By Yowster,

    • 0 comments
    • 6,967 views
  • Please Follow Me Inside The Insiders

    The greatest joy in investing in options is when you are right on direction. It’s really hard to beat any return that is based on a correct options bet on the direction of a stock, which is why we spend much of our time poring over charts, historical analysis, Elliot waves, RSI and what not.

    By TrustyJules,

    • 0 comments
    • 4,042 views
  • Trading Earnings With Ratio Spread

    A 1x2 ratio spread with call options is created by selling one lower-strike call and buying two higher-strike calls. This strategy can be established for either a net credit or for a net debit, depending on the time to expiration, the percentage distance between the strike prices and the level of volatility.

    By TrustyJules,

    • 0 comments
    • 5,214 views

  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