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OptionSIZZLE is created to help you better understand and become more familiar with options and what the professional traders are doing everyday in the market and provide effective options trading strategies to allow you to trade better and trade smarter. We have found over the years some of the... More
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  • Trading Computer – Tips For Getting The Best Setup In A Trading Computer 9 comments
    Nov 30, 2012 12:15 PM

    Trading ComputerI'm often asked about the setup of my trading computer and what is a reasonable amount to spend on such a computer. I wanted to a take a few minutes to share my thoughts and help you in creating the best trading computer for your money.

    Since starting in the financial industry, I have always worked with Windows PCs (personal computers). I don't have much experience with Apple's Macintosh computers (Macs) so the information I share with you is going to be focused on PCs. All trading platforms and software are PC compatible. The opposite is true with Macs where only a few trading platforms and software are compatible.

    Like anything else, you get what you pay for in a computer. There is a premium on Macs compared to PCs, which is usually twice the cost. Macs, however, are well built and come with good parts.

    PCs on the other hand are a different story. Brand name PCs, such as Dell, HP, and Acer, use some very cheap components in their computers and the lifespan is not as long as it should be. These cheap parts may not fully utilize some of the key features which you want in a computer, such as the processor. And while you may have a great processor, the other internals in the PC might not optimize the processor as they should. In other words, you paid for a premium processor that you will never fully utilize.

    In my opinion, the best bang for your buck is building your own computer. You can purchase the best parts with each carrying its own warranty. It is easy to upgrade parts down the road and to repair individual items if you have issues.

    There are companies out there selling trading computers that cost $3,000. You don't need that. It is a common misconception that the faster your processor is, the more of an edge you will get in trading. The truth is that trading platforms and software only use a certain amount of resources on your computer and it is typically on the lower end.

    These expensive computers are built with the finest parts for hardcore gamers. Trading platforms and software do not even come close to utilizing the resources that come with these pricey computers. The bottom line is that you are paying top dollar for a state-of-the-art computer that is beyond the scope of what you will need for trading.

    trading computer optionsizzle option trading pc computer

    I recently purchased a newly custom built desktop on EBay. It is a great computer and here are its components:

    Processor - AMD Phenom II 3.10 Ghz

    Motherboard - Asus M4A87TD USB 3.0 AMD Motherboard SATA 6GB/s

    Cooling- Cooler Master Hyper N520 RR-920-N520-GP 92 mm

    Memory - Kingston 8 GB (4 X 2) DDR3 SDRAM 1600

    Hard Drive - Samsung 750 GB (7,200 RPM) 32 MB cache

    Graphics - MSI GeForce 8800 GT 512 MB 256-Bit DDR3 PCI Express

    Casing - Thermaltake Commander Series

    Operating System - Windows 7 Ultimate 64 bit

    Keyboard - Logitech Wireless Keyboard K360

    Mouse - Logitech Wireless Anywhere Mouse MX

    I run three trading platforms and two data feeds and these use no more than sixty percent of my PC usage and 5-6 GB of memory. The total cost for my PC, including shipping, was $370!

    Trading Display Screens:

    You only need one screen to make money. I used to have six screens at one point because I felt I needed to get a "pulse" on the market. You never need that many screens. Your mind can't even process all that information. I only found myself more stressed, more tense, and making horrible decisions because of all the information that was flashing in front of my eyes. Once I got rid of the unnecessary screens, my decision making became better and I found myself less fatigued.
    In the case of visual input for trading, I believe less is more and currently I have two HP 2159M 21.5 inch HD LCD monitors.

    A Trading Computer for Travel:

    Before I purchased the desktop described above, I was using a laptop with two extra monitors.

    Since getting the desktop, I really enjoy taking my laptop with me around the house or on the road. I have the Acer AS5742-7120 15.6-Inch laptop. I purchased it on EBay as a refurbished item for $400 shipped. The specs are a little different as it has the Intel Core i5 processor and 6GB of DDR3 RAM.

    optionsizzle trading laptop

    I hope this information helped you to realize that you don't need a super computer to trade and that a decent computer for your trading business can be quite inexpensive.

    I have shared with you my trading computer setup. Let me know about your trading setup or what you plan on getting after hearing my insight.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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Comments (9)
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  • bandu
    , contributor
    Comments (3) | Send Message
     
    I was confused about the need for super computer with multiple screens for trading as opposed to my IMac alone. I thought that I was missing something by not having a professional set-up.

     

    Thanks for sharing your experience

     

    I have done well with my trading using one computer. I have an additional monitor that I use to manage 2 screens.

     

    Anil
    1 Jun 2013, 01:13 AM Reply Like
  • OptionSIZZLE
    , contributor
    Comments (8) | Send Message
     
    Author’s reply » Two screens is more than enough.
    5 Nov 2013, 01:21 PM Reply Like
  • Ackston
    , contributor
    Comment (1) | Send Message
     
    Thanks for your useful information on this issue. I too was under the impression that $4,000 set up was necessary to trade e-minis.
    4 Nov 2013, 03:43 PM Reply Like
  • OptionSIZZLE
    , contributor
    Comments (8) | Send Message
     
    Author’s reply » Glad it helped
    5 Nov 2013, 01:21 PM Reply Like
  • morkboy
    , contributor
    Comment (1) | Send Message
     
    Hello,
    This is great information. You talk about purchasing individual components to have your computer built. Can you walk me though how that is done?
    Thanks for your help.
    20 Nov 2013, 10:36 PM Reply Like
  • OptionSIZZLE
    , contributor
    Comments (8) | Send Message
     
    Author’s reply » Morkboy,

     

    That is something you will have to search YouTube or the internet for.
    25 Nov 2013, 08:40 PM Reply Like
  • mfpro
    , contributor
    Comments (2) | Send Message
     
    Hi, would you tell me please what data feed and trading platforms you use. Thank you very much.
    16 Dec 2013, 10:13 PM Reply Like
  • mfpro
    , contributor
    Comments (2) | Send Message
     
    Hi, would you tell me please what data feeds and trading platforms you use. Thank you very much.
    17 Dec 2013, 07:36 AM Reply Like
  • OptionSIZZLE
    , contributor
    Comments (8) | Send Message
     
    Author’s reply » Mostly ThinkorSwim
    19 Dec 2013, 08:09 PM Reply Like
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