Finding The Work-Life Balance As A Financial Trader In The COVID Era

It is hard to adapt to new conditions when working from home. Everything is changing daily. It’s understandable to feel lost now. Whether you are a business owner who employs staff or a solo financial trader. Your workplace may also be having some issues to solve. Months into a nationwide work-from-home experiment with no end in sight is already stressing everyone. People are overworked and eager to get back to the normal style of life. One big problem is that there is no actual escape. With nothing much to do or to go, we all feel like we have no legitimate excuse for being unavailable. At the end of the day, it’s not about how much time you got - but how productive you are. So, what can a financial trader do to balance work and personal life in these uncertain times?

Working from home

Traders have had to rapidly adjust to their new routine as the COVID pandemic has forced many around the world to do just so. Some are using software to let them remotely log in to their work computers. Others have been given company PCs with usable programs in there. It is not a flawless transition and wild volatility in the financial markets has not helped.

The big issue is that many traders need to work from one or two home setup screens when they were working from six computer screens before. People working on trading floors tend to require multiple monitors to keep an eye on different data and news sources all the time. The fact that people have turned their living spaces into makeshift offices, makes it impossible to disconnect. Having an extra room helps, but not much. Some say that they feel extra pressure from their bosses to prove themselves. Especially as the economy takes a downfall. Within those reasons, they are spending more time and energy to do their work and that’s not helping their mental health or family situation. Parents with kids are stretched thin, as they are working in between child-care duties which can include virtual learning sessions. In two-thirds on married couples with children in the U.S., both parents work. So, To leave a child with a good nanny is not available for now. No one can watch the kids while another partner is on the job. Everyone is taking care of their own families.

Nobody should have to choose between caring for their family and keeping their eyes on news or charts on the financial market. These two should be able to coexist and complement each other meaningfully.

Another issue to overcome is communication. We all used to go to our offices in order to brainstorm or have some new ideas about everything. Now we can’t and many of our questions are unanswered.

Apply these in the current circumstances:

Be realistic and think about how much you can achieve.

Stay in touch with family and friends.

Eat well.

Reach out to mentors.

Maintain interests outside of your work zone.

Don’t panic.

Don’t be afraid to ask for help.

If you are tired try to switch from tech.

Keep the hours you are working in a healthy number.

Don’t mess up your sleeping schedule.

Stay physically fit.

You can find more useful articles here about how to approach trading from different perspectives.

What effective trading strategies can be used during COVID-19?

As the world already has witnessed the effect of the coronavirus on a mass scale, the damage is still far from done. Pain and loss of life are accompanied by economic chaos. With hundreds of millions of people are left without any income. Individuals are forced to make hard choices. Traders in the post-COVID-19 economy need to adopt new strategies to have a new normal we are all faced with.

For traders, the one essential element to profit from is liquidity. When liquidity levels are low, the market becomes unstable. This dramatically impacts trading. March 2020 was the worst financial crisis after 2007,08 and 09.

According to Axiory broker , in particular, strong customer support in these times is crucial especially when we’re talking about a volatile asset like currencies. Almost all the comments on Axiory will let one know what people have got from the broker. So there are cases when finding a broker is a better idea (as long as you have a good one) than doing everything on your own.

From trading desks to this new normal requires innovation, risk, and integration between external and internal systems. Massive and unpredictable investments in new technologies need to be successful in order to develop this system. Tech-driven activities are the key to earning money. AI, AR, algorithmic systems, and pricing engines are new things that are needed. The multidimensional exchanging process will need to be more simple and optimized for the new era.

A new approach to regulation

There are some actions that can be made by everyone interested in balancing life. The key thing is to protect the data. In the normal world, we all got a very controlled environment but on the trading floor, every financial trader knows how it looks like.

While communication can seem not very important, physical restrictions are real talk. This was the challenge of the first six months. Now everyone knows that an unprecedented period could change trading desks forever. The apps like Symphony and WebEx are used for communication within traders. It is a longing, but everyone hopes that this field will be evolved and be more secure after some time.

How traders are going to get benefits from the volatility?

In March, whipsaw activity was at an unprecedented rate. This type of uncertainty is a big risk to the extreme. One of the key methods to use of volatility is the VIX. When the volatility level is high, people are selling stocks. Known as the “FEAR INDEX” VIX is a vital way of trading. Day traders have increased their number of independent trading platforms across the world. As people are staying at home, they are trying to turn to penny stocks. By focusing on tradable things which can give traders the impact of negative sentiment, it is still possible to prevent loss and turn a benefit.