Lots of monitors just to show off?

[Girlpower]

Quote from bobcathy1:


Though it is a good idea to have 2 separate computers.
One for the orders and one for the charts. Especially if you do trades in minutes not hours.

2 monitors on 1 computer would achieve that at a fraction of the cost.

Best
Natalie

 

[chinook]

I use only one 21" monitor to trade NQ. If I had a 24" monitor that would have been perfect.

 

[sammybea]

Totally disagree. WHy should your p&l matter to the number of monitors?!! Listen, if you are making "only 1k" a day but need 10 monitors, whats the big deal? At least they are bringing in some serious cash (200k/year.)

The number of monitors ONLY depends on your trading style and what you look at. Not the amount of money you are trading with. If you are earning 100k with 2 monitors, i doubt suddenly that trader is going to all of a sudden buy 2 more monitors cause he earned it or "need it." They probably are going to use a 2 monitor setup for years to come if it works for them.

I don't know about you guys, but laughing at someone making money in this market.. well look in the mirror first.

Quote from goldenarm:

The number of monitors should be commensurate to your P&L. If you make less than $1-2K a day (gross) then you only need 2 monitors. Heavy hitters that trade different baskets of stocks need to keep track of different indices, hence the need for 3 or more monitors. Most daytraders really only need two 21" monitors. When I see traders with 7 or 8 monitors who make less than $1K a day, I just chuckle to myself. These extra monitors are more of a hindrance and cause trading paralysis because of the information overload.

 

[OPTIONAL777]

Quote from Girlpower:



2 monitors on 1 computer would achieve that at a fraction of the cost.

Best
Natalie

If the cost of an extra monitor or two or three is even issue or consideration, you are a piker.

 

[vanilla2]

i'm using one. just started making bucks. can't wait to set up more. have been vascillating between 2 or 4 lcd's. 2 is probably fine.

 

[Girlpower]

Quote from OPTIONAL777:



If the cost of an extra monitor or two or three is even issue or consideration, you are a piker.

My point was more along the lines of why waste money where you don't necessarily need to on extra computers when you can achieve the same by just adding a monitor or 2.

Also, for someone at the beginning of their journey as a trader, is it actually wise to spend money on multiple machines when they can possibly do better with a single keyboard and mouse controlling (thus making things simpler to operate) while still having the advantage of a sepparate screen for the trading platforms (which is after all the purpose of a second computer in this scenario), and while preserving more of their capital for the actual business of trading/ learning to trade.

Since when did good business sense make someone a piker?

Best
Natalie

 

[sammybea]

Man, we are arguing over the # of monitors that OTHER people use. I don't know about u guys, but i need to get a life!

 

[nitro]

1 Montor dedicated to ES/NQ/QQQ/SPY and all short term indicators
1 Monitor dedicated to All DOW componets and a few tech heavy weights
1 Monitor dedicated to news source
1 Monitor dedicated to Execution platform and OpenBooks
1 Monitor dedicated to Chatroom
1 Monitor dedicated to YM at different time frames
1 Monitor dedicated to Bonds and other interest rates
1 Monitor dedicated to research or ongoing project of things I am learning

nitro

 

[bobcathy1]

Quote from Girlpower:



2 monitors on 1 computer would achieve that at a fraction of the cost.

Best
Natalie

Natalie...
There is another reason to have 2 computers. It is so that you have no other programs on the computer that goes to your broker. Makes the connection more persistent and secure if you have nothing else running on it. It is not expensive. We all upgrade eventually. I do it every 2 years. So I reformat the older computer and just install just the brokerage software on it.
Cathy

 

[Girlpower]

Quote from bobcathy1:



Natalie...there is another reason to have 2 computers. It is so that you have no other programs on the computer that goes to your broker. Makes the connection more persistent and secure if you have nothing else running on it. It is not expensive. We all upgrade eventually. I do it every 2 years. So reformat the older computer and just install just your brokerage software on it. Cathy

That makes sense Cathy. It's certainly the case that the more software installed even the slower the machine gets. I increased the speed of my machine recently by removing all the unused programs and using a clean up program to remove all the rubbish they left behind as well. made a huge difference to the effectiveness of my machine.

best
Natalie