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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: GREENLAW4-7 who wrote (8433)	1/28/2001 12:27:29 PM
From: Sharck	Read Replies (1) \| Respond to of 37746

"...I am looking for the best for an active trader...I am not a DAY TRADER but a POSITION SWING TRADER..." Like any profession I suggest getting the best equipment for the job Green. However you describe two somewhat different jobs. Active daytrading is a much different animal from position swing trading and hence different hardware and software requirements. Start with your broker(s). You should have atleast two as many of them fail when trading gets busiest and you need them most. Do you trade pre-post mkt hours, not all give you access. Others do, but don't allow shorts during these after-hours, a must IMO. If you are active then commissions may become a concern. Have you tried a LII platform, much faster executions then routing through a MM. Hardware: PIII is nice but since you are not doing any processing, an intel PII chip is fine. If you are using R/T charts (Qcharts, WoWS etc....) however, you need a minimum of 128 RAM and cache is also important. What about your inet connection, DSL and Cable are offered in most communities, I use both for back up. A graphic video card will allow you to hook up a second monitor so you can track important events or chatlines (like Sharcky Soup) while also monitoring stock charts, news events and the super bowl (go Giants)!!! Do check out systems at trikinetic.com but remember, there is nothing here you can't build yourself. Good luck. Sharck

To: GREENLAW4-7 who wrote (8433)	1/28/2001 11:06:56 PM
From: velociraptor_	Read Replies (1) \| Respond to of 37746

Greenlaw... I don't think there is any one answer for finding the right trading system as I think it really depends on your trading style. Most people should be pretty familiar with my style which is short selling and I tend to hold things for a few minutes to a few days with a few hours to a day being average. I have 2 computers, a 500mhz which I use for doing up charts and scanning the boards, and a 933mhz for level II and my broker. 1 monitor for each (a 15 inch and a 17 inch), although I plan on getting another for the 933. I use E*Trade as my online broker through which I get free level II and free DSL service due to the number of trades I make. I have a backup ISP just through a 56k modem, and have a Sprint PCS wireless phone with wireless web access in case I need to call my broker or check quotes or make trades when I am out. I also have a TV tuned to CNBC. I don't subscribe to any other services or special software and I am pretty efficient with this modest set-up as it works well for me. This should give an idea of what I use anyway.