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Minyan Mailbag

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Note: Our goal in Minyanville is to remove intimidation from the financial markets and encourage an interactive dialogue among the Minyanship. We share this next discussion with that very intent.

Dear Toddo,

Love the site, and the enthusiasm all of the professors add. Just a quick request on a slow day. Would you be willing to describe your trading systems, and maybe the setups of other professors, you use to monitor the markets: not necessarily the hardware but the platforms, software, and types of info? My apologies if you have already covered this in another article.

Keep up the great work!
Minyan RM

Minyan RM,

Sure thang. I've got my trusty Bloomberg on four screens--two dedicated to technicals (intra-day and/or 30 days as a default), one a formatted page (with all the global markets, stateside sub-indices, fixed income, currencies, commodities) and one that defaults to a scrolling newswire.

I run an Instinet Research & Analytics platform on two screens (with futures, indices, individual stocks (sorted by sector) and charting capabilities (stochastics)). I have used this product for years but am currently exploring other software, so you know, as creatures of habit tend to miss new and improved opportunities. One screen is dedicated to emails, the internet, instant message, writing, etc. The final screen is an ILX system that is sorted by sub-indices.

With that said, there is no correlation between the number of screens and profitability. I've known successful traders who could make money without a computer, and failed traders who had the world at their fingertips. The key, in my view, is to build a support system that allows you to monitor "everything" but focus on the task at hand.

Thanks Much,

Toddo

R.P.

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No positions in stocks mentioned.

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at todd@minyanville.com.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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