Sunday, March 27, 2016

A Trader Monitor Setup – Why You Need a Huge Screen For Trading



 A Trader Monitor Setup – Why You
Need a Huge Screen For Trading




Anyone who tells you that size doesn’t matter is lying to you. At least when it comes to your trader monitor setup.

You see, I have tried it all….
  • Just a laptop
  • Four small screens on a PC
  • Two computers and 6 small screens
  • My laptop and one small external screen
The one that worked best was my laptop + a small external screen. For awhile, at least.
But I recently went to Los Angeles to meet up with pro trader Rudy Leder. I wanted to see how he trades and get some tips for my Trade for a Living Challenge.


Sorry to scare you there. I know, my head is frickin’ huge. 
Anyway, I got some great tips from Rudy and one of them was to get at least one big monitor.The reason is that you can see more price history with a larger monitor. 
That means more support and resistance zones. You might miss this on a smaller monitor. 
Before my new monitor, I was working with this…
Trader monitor setup
Just for fun, you can compare it to other trading stations from around the world, on this page
So let’s take a look at what I got and if it really makes a difference or not. 

The New Trader Monitor Setup

Here is the new setup. As you can see, my laptop got smaller and my external screen got much larger :) 


The Review

For starters, yes, I can see so much more price history with the larger monitor. It is almost ridiculous how much more I can see.
trader monitor setup
This picture might not give you the full effect of how much more I can see, but trust me, it’s a lot.
I really like this TV because it has two HDMI ports. That allows me to keep both my Apple TV and my computer plugged in at the same time.

A Few Pointers

A few pointers, if this is what you want to do too.
First, I would recommend going with a TV that has a 1080p resolution.
If you get a 720p TV, the picture might look funky when you push the resolution up to 1080p. It can be usable, but not ideal.
Get anything over 1080p, like a 4K, and your graphics card might not be able to handle it, so you are just wasting your money. If you want to get a 4K for movies, then that’s fine.
But just for trading, it’s kind of a waste.
Next, I would recommend getting a desk mount for your trader monitor setup. This keeps your new monitor off your desk and gives you a lot more desk space. I love mine and highly recommend it.
If you want to get one, I have a dual mount. I may want to get another monitor one of these days. It is similar to this one.
This monitor actually required special mounting screws because the metal part where the screws actually screw in, is recessed quite a bit from the surface. But getting the screws from Amazon was easy. They are 3/4″ screws.
Finally, I needed a Thunderbolt to HDMI cable to connect my Macbook Air to the HDMI port.
That was it! I just plugged it in and it worked.

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