Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

goodoboy

Trading Computer System

Recommended Posts

Hello,

 

I am a new trader thats been in the stock market for about 3 years. I been practicing trading stocks and more into future now.

 

I work full-time job and love my job and no plans to trading full-time. But I do enjoy trading /ES future on a part time basis, maybe 4 trades a week.

 

I wanted to buy a new computer and attached 4 screens to it for better viewing so I can reviewing my charting at night when at home to prepare for the next day or week or month. I will on be on the computer for about 3 hours a night.

 

Will this computer and 4 more screens work for me and my situation?

 

http://www.walmart.com/ip/Dell-Piano-Black-Inspiron-570-Desktop-PC-with-AMD-Athlon-II-X2-250-Processor-4GB-Memory.-20-Monitor-500GB-Hard-Drive-and-Windows-7-Home-Premium/19590884

 

I know I need to check if the mother board supports two video cards.

Share this post


Link to post
Share on other sites

Wow! 4 Monitors! Some experienced traders like Josh from option sizzle recommends not going more than 2 because it can be distracting with too many information. I kind of agree with him....

 

Has anyone else here have got any thoughts on the ideal number of screens?

Share this post


Link to post
Share on other sites
Wow! 4 Monitors! Some experienced traders like Josh from option sizzle recommends not going more than 2 because it can be distracting with too many information. I kind of agree with him....

 

Has anyone else here have got any thoughts on the ideal number of screens?

 

I think it depends on person to person. We cannot have a "one size fit all" type of stuff in this.

Share this post


Link to post
Share on other sites

I highly recommend reading Gary Smith's book "Live The Dream By Profitably Day Trading Stock Index Futures." For many years, Gary successfully day traded WITHOUT the use of a computer. He simply watched the CNBC ticker and phoned in his orders.

 

Technology makes it easier to follow the markets and execute orders, but does not necessarily make it easier to make money. Using four screens to trade one market four times per week seems like overkill to me. Keep it simple.

Share this post


Link to post
Share on other sites

I was using a Pentium 4 computer running Windows XP Home, 4 screens, actually 5 at one point and it worked fine until my charts needed more time to refresh. I am now using a Quad Core with 4 Gb of RAM, Windows 7, it is not faster than my old Pentium but my charts have minimal lag now when I change to a different time frame. 4 screens for one instrument may not be necessary. You can split your screen to have a longer time frame chart on the top half and a shorter time frame on the lower half, expand and minimize screens as needed. Two screens would suffice (that's 4 charts), a third screen maybe for the DOM or trading dashboard. That computer from Wal-mart should be fine, you don't have to buy brand new, I prefer slightly used and save some money.

 

I use 4 screens because I follow four different futures, one could spend all day waiting for a trade on the ES while things could be really moving in grains, metals, energies or currencies.

 

Once I enter a trade, I concentrate on one futures instrument only and will not look at the other screens, maybe even turn them off. If the trade stalls, I start looking for other trades in the other screens.

Edited by raul
add more info

Share this post


Link to post
Share on other sites

Depends on time frame you are trading. When I used to day trade I had four monitors, very fast internet, Ninjatrader, etc. But now I have one monitor, my charts are less cluttered and I only check/reposition my portfolio on weekends. The rest of the week I do something else like troll the newbie forums and help out.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • @sxiqxx, Well done on making your first post a promising strategy. @everyone, post up if you want this coded into an EA. Although I switched to TradeStation, I still have an active MT5 demo with MetaEditor. I can code it without referencing object oriented programming which should be retroactively compatible with MT4. Let me know...
    • Please allow me to retort (in jest): RESPONSE 1 : Get a job supervising others where you're in control of performance reports and ride those others 100%. This makes your performance 100% with little to no effort.   RESPONSE 2: Feel free to piss off your boss but stay nonviolent. When the side effects of his viagra and testosterone boosters cause him to physically assault you, you have the legal upper hand. This can result in a boatload of trading capital.   RESPONSE 3: Feel free to have intimate relations with your boss if she finds you attractive. Rest assured that mum's the word because once again, you have the legal upper hand. This can also result in a boatload of trading capital.   RESPONSE 4: Don't be fake friends with any enemies... unless you need information from them. Being fake friends with everyone will cause you to become an empty shell of a person with no direction in life.   REPONSE 5: Get your boss to become reliant on your performance (really, just the performance of your subordinates), and then plan an "overheard" conversation wherein you fake an interview with another potential employer. You'll probably get a pay increase or a promotion.   RESPONSE 6: If you can give your 75% percent to a project, give 50% and rely on your legal upper hand(s). Learn to write trading algo's during your other 50%.   RESPONSE 7: Take all of the office boys out to nightclub where you merely sip soft drinks on a weeknight. Upon your return to the office in the morning, inform the security guards that all of the office boys are intoxicated. Your boss will love you for it.   RESPONSE 8: Never try to prove your client wrong or find faults in their processes, but do secretly collect their information in case you jump ship or "someone you know" decides to start his own company.   RESPONSE 9: Never stay in a firm for too long. Instead, use your ill-gotten capital to exit the rat-race and start trading.   RESPONSE 10: Trading pays more than your career. Interpersonal skills are now irrelevant. Use your technical skills for trading. Never stop learning and keep updating your technical skills.😁
    • There are a lot of trading strategies like elliot waves, wyckoff etc so we need to apply those who best suited to our need and are understandable too.
    • Scalping can be good during the high volatile markets however the new traders should be careful while entering and exiting the markets too quickly since they can make losses as well. If the broker support news trading we can make most out of the scalping in my opinion.  
    • In my opinion these candlestick charts are more easier to understand as compared with the other charts.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.