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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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