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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: EasyWay who wrote (16229)	2/21/1999 9:50:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

You really don't need expensive hardware, although my set up has to have run me well over $20,000. A friend in Palm Beach trades very large size and does it off old computers that are barely hanging together on tables that a Church would reject for a Bingo parlor. He does not even keep the covers on the boxes in case he has to swap cards during the day if something fails. Another guy runs everything off a Toshiba notebook with a $49 monitor attached. Matter of fact, I "upgraded" my notebook with a $15 external keyboard and $5 external mouse. You could probably throw a system together for $700, plus an inexpensive B/W printer. The recurring costs are what eat up bucks, but if you are just using EOD (End of Day) data then even that is not bad. Software varies. Again, if you are just using EOD you might choose between a data provider that bundles the software or just get something cheap. Buy a copy of TASC, usually they have software reviews in various price ranges....I've seen plenty of stuff for under a hundred bucks. Really, it depends on what you want included in your software. One of mine bundles in Point and Figure. But I've never even looked at it, so it was an unnecessary item. Also, if you are trading stocks you can get CD updates monthly from SRC like I mentioned before, or they may still provide "books". I used to get them when I traded in NYC. They were delivered each Sunday night so I could look at the prior weekly charts on Monday morning. You could also get them every other week or Monthly if you preferred. They weren't real cheap though. EOD data I have never priced. PC Quote Intraday Data for CBOE, AMEX/NYSE/NASDAQ, CBOT and CME is around $2400 a year. BMI is much more. Closer to $5000. EOD should be far less. I wouldn't pay more than a few hundred a year. You could probably find sites to provide it gratis.