Hello! No experience as my one is 18mo (and his sister is 1m so hands full). I hate the idea of time-out, always hated it even as a child. Never worked for me and I don't plan to use it. What works for me (at the moment) is to offer an alternative, to everything. Starting with nappy changes, walking, games, play, home, outside, eating...an alternative to anything. This helps to prevent tantrums (or lesser them).
You want to jump off the curb into the traffic (today's story)? No, but how about we jump off on the other side, into the grass. Done. You want to hit with the hammer? How about we hit the pillow and not the window. Basically it's a game of chess, with your kid. Think ahead, plan ahead.
If all else fails, lift it up. strap to the buggy and put earphones in with some relaxing music while you walk him home. Me being chilled and having things throughout my day to look forward to makes life better.
Also - snacks, more snacks, lads of sleep even if you get none make sure the kid sleeps more and more. Because adults can function on coffee, and happy well-rested baby is a very good baseline. After he is fed and rested life becomes less of a struggle for me.
Also physically make them tired, roll balls, cars, make them run, jump, carry things. I make mine carry shopping basket in Tesco, put things in and out at the counter, drag the bag with shopping home, make him take the stairs not the lift, make him push the buggy with things in it, make him push and pull, do the laundry, hover, mop the floor (I am not kidding, he does not actually "do" but he pretend plays and so he learns a valuable skill while I can drink semi-warm tea and BF the baby). /*yes he does more housework than my DH.
Hope some of these will help. Good luck :)