{"id":23071,"date":"2013-01-13T18:47:40","date_gmt":"2013-01-13T23:47:40","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=23071"},"modified":"2013-02-24T01:41:29","modified_gmt":"2013-02-24T06:41:29","slug":"how-many-screens-do-you-use-to-trade","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/how-many-screens-do-you-use-to-trade","title":{"rendered":"How Many Screens Do You Use to Trade?"},"content":{"rendered":"

Hi Bella,<\/p>\n

I know this question may seem sort of insignificant to others, but I know a trader who uses 10 monitors at his trading desk. Me personally, I just use 2 right now & considering adding a third here soon. I know there may be a bit of a personal preference, but I just thought I’d try and see what your general thoughts on this are. Are 10 monitors overkill? How about 6?<\/p>\n

It seems the basic question is really how much information do you need (via computer screens). I know there’s such thing termed “paralysis of analysis” but I’m just wondering where a professional trader draws the line between enough relevant information & the overkill of noise during the trading day. Thanks for all of the very helpful blog posts & webinars especially as of late. They have helped a lot.<\/p>\n

Thanks again Bella,<\/p>\n

@mikebellafiore<\/strong><\/p>\n

I use 4 while sharing the SMB Radar<\/a> with another, so we might call that 4 1\/2. \u00a0GMan uses 6 (showoff). \u00a0 Spencer uses 3 (see below) but he also monitors our algos so add a few more. Newbs start with two and a shared SMB Radar. \u00a0You earn a third when you start to make some money.<\/p>\n

I asked GMan for a description of how he sets up his screens and he sent me this:<\/p>\n

\"\"<\/a><\/p>\n

From top left across:<\/p>\n

Monitor 1: SMB Real Time chat + risk monitor<\/p>\n

Monitor 2: Custom filters in trade station + charts of stocks in watchlist for the day<\/p>\n

Monitor 3: Redi+ options platform + blotter of stocks traded for the day + trade station scan engine + look at indices intraday<\/p>\n

Bottom 3 from left to right:<\/p>\n

Monitor 4: finviz with all data related to the stock I am trading at the moment. The page updates by clicking a hot key in the platform. Daily chart + some intraday pattern scans, more risk monitoring, and list of all server side stops<\/p>\n

Monitor 5: This is my main monitor. Keep the SMB radar, two main MM boxes, pending\/live\/executed orders, and 15\/5\/2\/1 time frames\u00a0 for the stock im watching<\/p>\n

Monitor 6: Real time scanning algo, trade station log of all alerts, a chart that links to only filters\/scans\/algos. Top gainers\/loser\u00a0 custom scans, list of local stops, and tweetdeck to keep up with the feeds.<\/p>\n

\"\"<\/a><\/p>\n

 <\/p>\n

It makes sense to me that the longer your time frame the more screens you can use. \u00a0We are short term traders so there are limitations to the information that we can act upon. \u00a0Too much info would get in the way of executing on our best setups.<\/p>\n

I wonder if the best question is how do you create an environment that allows you access to as much quality info as you can handle, while no being overwhelmed. \u00a0Said more\u00a0succinctly\u00a0 what is the best environment for you to capture the most trading opportunities you can? \u00a0This reminds me of my recent blog post How do you find the best stocks to trade<\/em><\/a>? \u00a0Yes your screens are a part of this answer, but only a part. \u00a0What about idea sharing audibly? What about a chat? \u00a0What about alerts? \u00a0This should not be left out of your question.<\/p>\n

So we ask, how many monitors do you use and why? \u00a0How many is too many?<\/p>\n

Mike Bellafiore<\/p>\n

One Good Trade<\/a><\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hi Bella, I know this question may seem sort of insignificant to others, but I know a trader who uses 10 monitors at his trading desk. Me personally, I just use 2 right now & considering adding a third here soon. I know there may be a bit of a personal preference, but I just thought I’d try and see … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":23072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-23071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mike-bellafiore-bellas-blogs"],"yoast_head":"\nHow Many Screens Do You Use to Trade? | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/how-many-screens-do-you-use-to-trade\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Many Screens Do You Use to Trade? | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Hi Bella, I know this question may seem sort of insignificant to others, but I know a trader who uses 10 monitors at his trading desk. 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