A Traders daily plan 6
we started in our last session about Technical Analysis with some principles and candlestick patterns.
I get often asked how my work spaces look like ,what software and hardware i am using,what indicators i prefer and how I use them,what my setups are and about my indicator settings-as much as these topics are more secondary i will satisfy this curiosity today before continuing with principle work: (trust me any of the above is not as important as psychology and execution skills in trading but I understand the need for many to gain temporary certainty about the credibility of a trader due to those morsels of information-for all you old cats out there who are trading for longer than a couple decades i apologize for the delay before we go back to principles)
I started out like any other trader with a monitor or 2 until my office looked like this:
and luckily I was able to reduce to a smaller setup now:
for execution I use genovation besides the obvious mouse and keyboard:
The underlying principle is that -yes- less is more, and reduction is the key but one can only after acquisition of mastery reduce and it is logical to have an expansion period before a minimalist approach so lets set aside for now to make millions on a tablet with ones feet in the ocean
I use what I call and "ant system" as an approach which means I don't run only one mega computer but rather multiple computers parallel since as a trader the biggest responsibility is risk control and if one machine strikes and a couple screens go out you are not sitting there blind or are out of execution options.
as such a network mouse and keyboard is imperative and some other tools to make hardware and software in alignment
we get to those in later posts
as always feel free to ask any questions about this or prior posts and thank you for your time @allthereisislove
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