Why do traders need more than 1 monitor??
- Thread starter Flashboy
- Start date
Convenience, and the ability to monitor multiple indexes or stocks, at the same time. I trade with 3 monitors and here's a brief list of items I have on each:
1st Monitor: Charts of the stock I'm looking to enter
2nd Monitor: Charts for Nasdaq, Dow Jones, SOX
3rd Monitor: IB's Trader Workstation, and streaming news.
For now, this setup works well for me. In the future, I might add a 4th so I can watch multiple stocks for entry.
-FastTrader
1st Monitor: Charts of the stock I'm looking to enter
2nd Monitor: Charts for Nasdaq, Dow Jones, SOX
3rd Monitor: IB's Trader Workstation, and streaming news.
For now, this setup works well for me. In the future, I might add a 4th so I can watch multiple stocks for entry.
-FastTrader
I think this is a very good question, at least one that I have asked myself as I stare at 3 monitors every day. The reason I ask is because when I go out of town and still trade, I take only a laptop.
The reason I like multi-monitors is because I like to look at several time frames at the same time, without having to "flip" back and forth as you said. My pea brain does better with all of it at once than in bits. Even on the laptop I reduce 4 charts to fit the screen and have them set for the time frames I like.
Btw, I just bought the MAG 18" LCD from BestBuy today for 399 after rebate. I've had good luck with MAG crt's but my eyes are getting hard-boiled so I thought I would splurge a little. So the new MAG will take the center position and now I have an extra 19". LOL, would you like to double your viewing pleasure?
The reason I like multi-monitors is because I like to look at several time frames at the same time, without having to "flip" back and forth as you said. My pea brain does better with all of it at once than in bits. Even on the laptop I reduce 4 charts to fit the screen and have them set for the time frames I like.
Btw, I just bought the MAG 18" LCD from BestBuy today for 399 after rebate. I've had good luck with MAG crt's but my eyes are getting hard-boiled so I thought I would splurge a little. So the new MAG will take the center position and now I have an extra 19". LOL, would you like to double your viewing pleasure?
inandlong, that's my reason as well. I monitor 3 time frames and having multiple monitors really helps.
-FastTrader
-FastTrader
I agree with the others who posted before me. If you are scaling time frames it helps to have another monitor fixed on a longer term chart for quick reference. Aside from two monitors dedicated mainly to either the execution platform and the different scaled charts, the third monitor I use, and I presume others use, for web browsing, mIRC chat, and other mindless activities during the day...Before I went to multi-monitors a few years back, I found that it was very difficult to monitor charts, chat and browse the web and also manage open orders. It gave new meaning to the term "multi-tasking"...
Plus, the triple 19" LCDs look very cool 
-FastTrader
-FastTrader
