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

To: edg who wrote (36967)	11/2/2001 10:22:50 PM
From: velociraptor_	Read Replies (2) \| Respond to of 37746

If you're interested, I trade with a 900mhz computer and 1 X 17 inch monitor. Make sure you have lots of memory...at least 256mb because charting programs and running a few browsers and stuff is a lot. If you're just starting out, there's really no need to go to multiple monitors just yet. Focus on a few things at a time first. DSL is good, I have cable...as long as it's high speed. Make sure you have a back-up like a modem for emergency to get you out if you need to and always keep your broker's phone number handy. I use Cybertrader which is a trading platform that allows real time continuous charting and you can trade right from the screen. It has direct access and I like it a lot. That's really all that is necessary. I handle multiple accounts and trade for a living and I do fine with what I have so for a starter it's great. Key to being a good trader is knowledge and skill, and it's not about using the best equipment out there. You can spend $15,000 on top of the line equipment, but if you have no knowledge and no skill, you're still going to lose all your money. My best recommendation is to learn and practice a lot. Listen to those who do well and learn the techniques. Sharck can help you. I can help you. So can others. All you have to do is ask. :o)

To: edg who wrote (36967)	11/3/2001 10:17:12 AM
From: Sharck	Read Replies (4) \| Respond to of 37746

EDG, This is a business and such, you can have enormous returns with very little capital outlay. (My new assistant, has not made less then 500$/day since starting with me a few months ago on less then 20Gs capital). Please not however, if you are new at all this, there are tremendous risks each time you push that button. Start off small, learn from every trade, and ask lots of questions. Note too you can still be an active participant in the mkts with swing trades, however, if you want to follow me in many of the momentum intra-day trades, then you should have at least the following. 1: A good computer connection to the internet. If you are too far away from the hub, DSL will slow you down, you can upgrade to a business line or check the price of a T_1 connection. Cable and satelite connections are also viable alternatives, but you need speed and reliablity. 2: Hardware, I recommend a minimum P 3 with 256 RAM, with dual monitors. That way you can be in the room with your trading screen/charts on the other monitor. In terms of upgrades, a router, will allow a second or third PC which will allow you more flexibility. 3: Software, I am still searching for the perfect charts, am presently using TraderStation (who took over WindowsonWallSt.) but not satisfied with that service. 4. A good discount broker, preferably two. They have all improved much over the years, but I still like DATEK best, Ameritrade the least. Having LII trade platform is nice, and CYBERTrader or INVestin is as good as any. Personally I run 4 PCs on a router, each with dual monitors, my connection is a DSL business line, with a cable handy for back up. I have two Dell P4s (523 RDRAM) with Win 2000 running charts over multiple monitors. I have a P 3 (512 SRAM) running paltalk and chatlines as well as my d-broker accounts. I have a portable running briefing and DJ news source. Always adding more ram, and bigger monitors, a great ortho chair, which helps my aching back get thro the day. Two TVs one running CNBC and the other running Bloombergs. Some may say all this is overkill but I couldnt live with out it. A large part of my trading is made in after hours, holding overnight, or running news in pre-mkt. By the time the mkts open, at 9:30 I am usually about finished for the day and trying to convince many on my site how not to give the money back to the MMs. I am in Paltalk each morning at 7 AM EST. Send a note to netrader@mindspring.com for room and password info. Hope to see you there. S