Lots of monitors just to show off?

Quote from OPTIONAL777:



If the cost of an extra monitor or two or three is even issue or consideration, you are a piker.
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I think anyone who has the guts to put themselves out there to try to make a living as a trader is anything but a piker.
 
Quote from daytraderpete:




I think anyone who has the guts to put themselves out there to try to make a living as a trader is anything but a piker.
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You're damn right Pete.

Some are also dreamers, gamblers, pretenders, wannabe's...

~Scientist :cool:
 
Quote from Chris Watts:

I work at a prop firm, and sometimes think that some traders simply have way too many monitors. For example, there's a row of korean guys who sit near my group. Each of them has 7-8 monitors each. Perhaps if they made thousands of dollars on a daily basis it would be justified, but I'm finding out half of them are pikers and the other half avg a couple hundred a day. Do some of you feel having more monitors actually helps your trading? or do most of you have them for purely "show off" purposes.

I personally have 4 (99% of the time, i'm just watching 2) and have absolutely no need for any additional ones.
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With all due respect to all the "I need ten monitors" people .....

(1) Even in the largest arb/hedge shops I have worked for the best people did not need all of the information screens: just a few and 4 was usually the upper limit unless there was some exceptional need.

(2) Its pretty well researched and understood that people really cant work reliably with more than about 4 sources of information - greatly diminishing returns start at three - four sources.

Of course If you make big bucks and believe that you need a wall of information surrounding you to make money then go ahead and spend it: its a cheap pacifier.
 
This simply does not follow. There are traders that need NO monitors - they are floor traders.

I have no problem keeping three monitors in my line of vision. I could trade one strategy on three easily. As soon as you start doing more than one strategy, I have found that segregating the information helps me to compartilize [how the hell do you spell that word?] the information flow.

nitro
Quote from CalTrader:



With all due respect to all the "I need ten monitors" people .....

(1) Even in the largest arb/hedge shops I have worked for the best people did not need all of the information screens: just a few and 4 was usually the upper limit unless there was some exceptional need.

(2) Its pretty well researched and understood that people really cant work reliably with more than about 4 sources of information - greatly diminishing returns start at three - four sources.

Of course If you make big bucks and believe that you need a wall of information surrounding you to make money then go ahead and spend it: its a cheap pacifier.
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This is a country of excesses.. bigger, newer, faster. There doesn't need to be a logical reason to get things.
 
Quote from nitro:

...compartilize [how the hell do you spell that word?] ...
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Compartmentalize.

As I get older, I seem to have more problems remembering names and remember how to spell things.

I hope it is not early Alzheimers :eek:

Now, what was it that I meant to say?

nitro :mad:
 
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