How to be a traveler and a trader at the same time

Trading won’t stop you from living your adventurous life. Jim Rogers, an American investor and trader, is listed in the Guinness Book of World Records for having traveled the most miles across the world on a motorcycle. The funniest thing about it is that he did it unintentionally; the record was just a nice bonus.

It’s normal to be a little apprehensive about it, though. If you’re an adventurer who’d like to work for a significant part of your stay, keep reading.

What to do before you travel

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Of course, your pre-travel checklist should be much longer than three points. You should get your house ready (plants, fridge), have your trip essentials (documents, cash), and pack your baggage. But there are three recommendations that often get overlooked:

Prepare your tech for travel

Assuming you already have your laptop, you need to buy:

  • Universal adapter or at least two different travel adapters
  • Power bank
  • Kit with essential tech accessories
  • Computer bag with extra padding
  • Noise-canceling earbuds

It also helps to sync all your devices and find out your options for internet access. 

Prioritize the places you want to visit

You can’t be a productive trader while also trying to explore everything. Instead of trying to go around the world in 80 days, choose destinations that are the most important to you. For example, you can pick ten high-priority places in one city and move along your list.

Save up

Even though you’ll continue working, you want to have more money in your savings account than in your day-to-day life. Besides, trading can be an unstable source of income.

In addition to your normal budgeting routine, do the following:

  • Pack light
  • Cancel unnecessary subscriptions
  • Opt for off-season
  • Compare flights and airlines
  • Use your bank card bonuses

What to do while you travel

So, you’ve arrived, unpacked your bags, perhaps headed outside and taken a few pictures. Now, what?

Start with shorter trips and tours

Ease your way into remote working on the road. You’ll know what to expect and what to avoid, only making mistakes on a small scale. As you become more experience with each new trip, you can get more adventurous and extend your stays.

Find a place where you can focus

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You can organize your make-shift workstation anywhere – your hotel room, a public library, or a co-working space. 

Before logging into your trading terminal, make sure you can stay there for at least a couple of hours, the Wi-Fi connection is uninterrupted, and nothing will distract you. Put on some background music if you need to.

Give yourself extra time

Don’t expect to have as much time for trading, researching, and learning as you did back home. You can’t always get more done in less time, so just cut some activities and cancel a few coffee dates. 

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Takeaway

Trading while traveling is the definition of work-life balance. To make it work, you need to plan ahead to combine trading activities with sightseeing tours, attractions, and other excursions. 

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When you get to your destination, it might take some time to adjust to your new surroundings. If you have less time to trade or make a few mistakes, give yourself a break. As long as you come prepared and follow the recommendations above, you’ll get on the right before you know it.

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