bloomberg terminal. its like 25k/year.
How much are you paying in non commission fee's?
- Thread starter thyrus
- Start date
bloomberg terminal. its like 25k/year.
I saw a video on it, fascinating to have that much info at your disposal, but seems to me much more geared for having institutional money as opposed to just a few mil to play with. I guess knowing where all the wildfires in the world and ship tankers are at this very second can help you make decisions on the viability of cocoa production in Q1 2021 and you can make the fastest possible decision. Out of curiosity, how many screens do you have?
$15(rebateable) with IB Datafeed and $99 for Al Brooks price action trading room. I am discontinuing the trading room as AB does not even tell us his trades. Otherwise, it is very informative to those who wish to find the holy grail via mastering price action trading.(which is pure charting)
For someone that might be useful. For me, its being able to access all the information i need to determine if a trade makes sense with a few key strokes. (not knowing what the information will be apriori). Plus excel API addins make doing time series research and risk management really easy. And in the 19 years i've had a bloomberg I have had only one time when i have had market data issues so i don't have to worry about that headache.
I have two computer monitors.
I agree and pay the minimum at IB. So about $5 a month, net.
One should only pay for what is proven to be needed. One thing that does not get used daily but is needed, is connection redundancy, imo.
I have faced issues with such a thing several times and I can completely understand why you are saying that. A friend of mine was using an indicator and he felt completely okay with applying the indicator to any chart as he was getting good returns. But when I used the same indicator, I found it to be really difficult to use. It was like taking a challenge with every trade and I was always on the weaker side. Felt like my friend already had a lot of money to risk and make and I was still learning and needed to find some other indicator that fits my risk appetite haha
Cost of charting software $0
Cost of live data - and what all data do you use? $0
Cost of extra add ons like bookmap $0
Cost of indicator $0
Cost of trade rooms you're in $0
Zero commissions, only reg fees.
Cost of live data - and what all data do you use? $0
Cost of extra add ons like bookmap $0
Cost of indicator $0
Cost of trade rooms you're in $0
Zero commissions, only reg fees.
We all have been there and that’s an important lesson that we have learnt. I am a strong believer in the fact that you learn better when you make a mistake on your own. I hope that you were able to find a good indicator later on.