What would be a day trading "starter kit"?

2 screens, trading gets boring 1 for netflix, 1 for charts.


Agreed on the start small $50 account, so many got suckered into the need 10k+ to start and just lose it instantly.
 
stockmarketbeginner said:
Hello,

I see pictures of day traders with six computer screens and all sorts of stuff. Is there some sort of recommended must-have set of tools for a day trader? For example, with my existing computer, I can watch the chart of a stock over the course of a day. But I don't think I have the right setup to see second-by-second movements.

A post earlier today talked about finding out what you are best at. Maybe some people are better at day trading, others are better at options, others are better at buy and hold, etc.

I would like to try day trading to see if I have any interest/aptitude for it. I would be happy to do paper day trading to start. But I'm not sure what a proper day trading set up would look like. There are some fancy oscilloscope-looking screens out there. I don't even know what that stuff is. I could also get some books on Amazon, but I'm not sure which ones would be good ones.

The good news about day trading is you can iterate quickly. In a month you could have 20 tries at it. So if you were doing this with paper money, you could examine your success quickly without losing money.
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Two Solid 4K monitors
Low latency trading solution
Intuitive and easy to navigate platform for execution and charting.
Remove all apps that require real-time streaming that could drain your computer power and affect the latency of your execution.
 
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Peke's snark aside, yes a dedicated computer for trading and separate one for email, browsing, Pandora, Youtube etc. Two monitors on trading puter are plenty if trading one or two markets but stocks or multi futures may be better with more.
 
Nothing streaming should be on your computer when you trade unless you get to different ISP providers. Anything streaming affects the lines and latency, hence could potentially slow execution. Watch that old tube device with the stick that changes channels.
 
MattZ said:
Nothing streaming should be on your computer when you trade unless you get to different ISP providers. Anything streaming affects the lines and latency, hence could potentially slow execution. Watch that old tube device with the stick that changes channels.
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Completely agree.

I've seen difference in fills and other trading issues when someone had one ISP and they also had additional devices on the same cable as their trading computer.

Not much of an issue if someone is investing, swing trading but a great issue if someone is day trading or scalping.

wrbtrader
 
wrbtrader said:
Completely agree.

I've seen difference in fills and other trading issues when someone had one ISP and they also had additional devices on the same cable as their trading computer.

Not much of an issue if someone is investing, swing trading but a great issue if someone is day trading or scalping.

wrbtrader
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Precisely. Those who trade frequently will be affected by latency more. Just do the Ctrl+Alt+Dlt and choose Task Manager. Then select Processes. You will be surprised to see how much is running in the background. Highlight what you don't need and click on End Task.
 
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