purpose of using multiple monitors

[drhendra]

Dear all,
My name is Hendra, from Indonesia. I'm new in the trading world. I trade stocks and stocks options.
I read on many blogs in the internet, people trading with multiple monitors. Actually, what is the purpose trading with multiple screens? To watch several stocks at the same time, or to watch a particular stock with several time frame?

I request help from you all... Thank you

 

[shadowninja]

AFAIK it's to watch different instruments which means they have access to more opportunities.

 

[counter_violent]

Dear all,
My name is Hendra, from Indonesia. I'm new in the trading world. I trade stocks and stocks options.
I read on many blogs in the internet, people trading with multiple monitors. Actually, what is the purpose trading with multiple screens? To watch several stocks at the same time, or to watch a particular stock with several time frame?

I request help from you all... Thank you

It's a big question and there will be many variations in answers...here is what I do.

Current set up 4 screens on 1st P C and 2nd P C has single screen.

2x screens for charting 1x screen for tabulated information 1x screen for trading platform.

2nd P C as back up system but also used for communications...msn... e-mail etc

cv

 

[drhendra]

Thank you

Thank you for your response. Very fast.
I found this site will be very helpfull to share our ideas, experience and questions.

It's a big question and there will be many variations in answers...here is what I do.

Current set up 4 screens on 1st P C and 2nd P C has single screen.

2x screens for charting 1x screen for tabulated information 1x screen for trading platform.

2nd P C as back up system but also used for communications...msn... e-mail etc

cv

 

[Directional]

I have charts on one screen, and order entry on another (same PC). Then a seperate screen and PC for email, messaging and internet surfing.

 

[grantx]

I've often wondered if there is any correlation between profit and number of screens. I suppose multi-monitor set-ups will provide sufficient evidence to rationalise why the last trade was a disaster.

Grant.

 

[brutusdog]

I've often wondered if there is any correlation between profit and number of screens. I suppose multi-monitor set-ups will provide sufficient evidence to rationalise why the last trade was a disaster.

Grant.

depends if your using the screens for trading or watching things normal girls would find disgusting!......

 

[grantx]

Brutus,

I've always found one screen adequate for that.

Grant.

 

[brutusdog]

Brutus,

I've always found one screen adequate for that.

Grant.

well if you get a couple of 42 inc lcds next to each other its almost life size then you can really get the party started

 

[shadowninja]

 

[new_trader]

I've often wondered if there is any correlation between profit and number of screens.

Grant.

Yes. Profits are inversely proportional to the number of screens.

 

[arabianights]

I think a lot of it is what markets you trade... and how much news affects your trading style.

If you're a pure chartist on one market you need only one screen...

Attached are 4 of my screens (one of the setups I just took a picture of now, the other setup isn't quite the same any more but you get the gist of it)- If you tried to fit this into 2 screens it would be counter productive as the information wouldn't be avaliable at a quick glance... and it has to be otherwise I would have to actually watch them all day

 

[arabianights]

well if you get a couple of 42 inc lcds next to each other its almost life size then you can really get the party started

Some things you don't want to look at too closely, I've found

 

[Charlton]

I think a lot of it is what markets you trade... and how much news affects your trading style.

If you're a pure chartist on one market you need only one screen...

Attached are 4 of my screens (one of the setups I just took a picture of now, the other setup isn't quite the same any more but you get the gist of it)- If you tried to fit this into 2 screens it would be counter productive as the information wouldn't be avaliable at a quick glance... and it has to be otherwise I would have to actually watch them all day

How many eyes do you have ?

Charlton

 

[fibonelli]

I think a lot of it is what markets you trade... and how much news affects your trading style.

If you're a pure chartist on one market you need only one screen...

Attached are 4 of my screens (one of the setups I just took a picture of now, the other setup isn't quite the same any more but you get the gist of it)- If you tried to fit this into 2 screens it would be counter productive as the information wouldn't be avaliable at a quick glance... and it has to be otherwise I would have to actually watch them all day

do you get a free supply of headache pills?

 

[Directional]

Actually, what is the purpose trading with multiple screens?

the purpose, at least for me, is to be able to see several important things at the same time: ie, charts & order management, without having to flip through different applications or windows. And also to seperate business critical functions, such as trading & porn, from less important things like surfing.

 

[grantx]

Arabian,

I'm guessing the data on the right screen is short sterling. What does "Dime" refer to?

Arbitrageur,

"to see several important things at the same time". And I bet you've also got a mirror.

Grant.

 

[Lee Shepherd]

If your only looking at one graph you'd still be best advised to have two screens. One for the chart and the other so you can have your finger on the button for the platform without having to switch and type to save confusion, even the best traders can make mistakes by being distracted. I would also advise 2 towers(pc's) as these things can break down from time to time and always at an inconvenient time.

Having the correct setup is absolutely crucial from day one. So often I hear people say that I'll see how it goes and if I make money then I'll buy the correct stuff I need.

This would be similar to having cancer and saying, 'I'll try the cheapest doctor I can find and if the treatment starts to work then I'll pay for a top notch surgeon'.

Having the right setup prior to trading will allow you to have the best possible start. I can now hear people shouting at the screen saying 'but if I buy the equipment I need I wont have enough to trade with', if your one of these people then your not ready to start yet.

Get the knowledge, get the setup. Dont go half hearted on either of these.

 

[arabianights]

Arabian,

I'm guessing the data on the right screen is short sterling. What does "Dime" refer to?

Grant.

It's a few things, I gave up since then on trying to scalp 4 markets at the same time as a bit stupid...

Dime is to improve on a bid/offer by a tick.

 

[grantx]

Arabian,

Thanks for the info.

Grant.