Gaming Setup - Computer Setup

Initially thought this was an EVE online post

Eve online is basically the same thing, but with internet spaceships instead of companies on the other end.

And in Eve, you can see other peoples' orders and where they're set. You can't see that in most real-life trading environments.

Do you trade out of Jita or do you consider the margins too thin for the amount of 0.01isking required?

Ha I had to google this. I had never heard of this game. Looks cool.

Yeah, if you're into trading, it's definitely your sort of game.

Eve is a spreadsheet package with a space sim as an easter egg.

I totally agree with much_longer_username.

Nice setup. As someone who's getting into trading, can you tell me what you have on each screen?

I use Think Or Swim. Basically those are graphs showing how various markets are doing, ie oil and gold and other futures, along with my positions in each. On the left is the interface within which I actually buy and sell options.

I always wonder: Are people like you employed by a company who does trading, or are you doing this with your own money?

Ahh, another TD Ameritrade guy!

This is completely irrational but I have a personal vendetta with trading on Bitcoin. Hint: rhymes with Winklevii.

Bitcoin is too fucked up right now. I bought in at $112/btc and ended up selling around $110/btc, right before the market took a nose-dive. Now it's around $76/btc. I probably won't buy more until there's more stability.

Well, there is reason why I said day trading and not investing. I put in roughly a hundred dollars a while ago when it was roughly 49 USD per BTC and held since then, putting some of it into LiteCoin and AsicMiner along with AMC. So far, turned out alright and I made roughly $500. If I loose it though, I won't cry as it was money I was willing to loose.

Ironically it's the #1 rule in Gambling as well.

I've gotta ask - how much money have you made trading? Enough to pay for this gaming setup? :)

I trade relatively little money compared to actual investing. I don't keep money in trades for too long - a few weeks max. It's mostly the rush of making the right or wrong call in a short amount of time. I'm addicted :)

I think that means "not that much"

Mind throwing some numbers at us?

God Dammit Loch Ness Monster, I ain't gonna give you no tree fiddy!

Honestly, if you really do have tree fitty could you possibly send it my way?

What trading are you doing?(i have no idea what trading is...er in this context at least i dont know..)

Nice. Except the Newports :P Upvote for Fido.

Don't you have a spit-bottle on yours, or are my eyes just fucked?

Think its just... a water bottle?

It just looks dark because of the monitor stand in the background, it's just water far as I can tell.

Those whiteboards are very cool.

What desk is that? Been looking for something like it.

Don't the legs at the inner corners of the desks get in your way when you're facing straightforward towards the screens? Did you alter the legs?

I remember you! Really liked your setup then, still like it now. For your whiteboards, were they a custom mount job, or are there boards made to be mounted to an arm?

I had some VESA mounting arms left over from an experiment I did with my monitors. I mounted the whiteboards to them with plain old double sided mounting tape. Damned useful, being able to move them in and out like that.

Love the fish on the wall

If only if were one of the talking bass heads

It used to be :(

Take me to the riiiver!

Did you actually catch it?

Whats the best way to learn about trading?

In my opinion, read investor's business daily. But even the best traders are still learning new things all the time.

William O'Neil seems to have a bunch of How to Make Money In Stocks (along with other authors too) Do you know what the subtitle is for the one you recommend?

Stole my joke! Nice work :)

Are you incapable of googling?

What's your opinion on forex trading?

I do it. Children should learn about it in middle school. I will teach my kids about the forex mkt.
Not sure how to answer. Maybe a more specific q?

How difficult is it to master, and what kind of profit would you see if you do?

Im going to jump in here and say - You can't 'master' trading, at all. What you can do is read up on money/risk management.

At the end of the day all you're really trying to do is guess what everybody else is going to think ahead of time. You can read anything and everything and still guess wrong 49-51% of the time.

Gigamundous striper. I bet that thing fought to the hilt.

What program are you running?

Nice setup. Have you looked into any other software like Thomson One or TC2000?

Ever used tradestation or fxcm?

Nope. thoughts on them?

The fees for FXCM are nothing! I like it. However, as the name implies it is only an FX trading platform. Tradestation IMHO has unmatched charting. Just my 2 cents worth.

So is this a hobby for you or is this your full time gig? Do you make a living off of this? I ask because I know the trading hours don't leave much in the way for a regular daytime job.

Not my full time gig. I manage a team of commercial real estate brokers. However, the hours are kind irrelevant. Markets are open round the clock (save an hour/wk).

I was wondering the same thing, as someone looking into trading in my spare time.

Since we're in gaming setups I'd love for something like trading to turn into a full time thing so I had a reason for that many monitors on my own.

No kidding lol. Something about a desk full of monitors.

I would really think long and hard about why you want to get into trading "in your spare time". The only reason I say this is because, if you aren't familiar with it, you don't just throw $1000 into your Vanguard brokerage and presto-whamo, you can start buying options the next day.

Do you trade monitors for living?

Where's the eel meme when you need it

Your name is incredibly clever.

Ok I give up, can you explain it to me?

Haha, that's pretty damn clever. I wouldn't have guessed it though cause I never read the series.

Same chair- gotta love it.

Maybe too comfy. I've been spending way too much time in it.

Yes, where would one find this chair? I need a new one.

Uggh but then i have to give money to wallmart. id rather see that company burn in hell and settle for a less perfect chair.

I have seen this chair in several gaming setup posts, and for good reason. I own it as well, and it is a comfy chair for the price, and holds up well. Not sure who else sells it, though.

Bought the same chair at Costco. I think it's just sold in all the discount big box stores.

Anyone got a model name or number? I can't seem to find it on Walmart's website. I could use a new chair, this one's killing my back.

Yes, what chair is it?

How much start up cash do you realistically need to start trading?

Well typically you pay transaction fees of around $5-$8 per transaction. This means if you invest $100, you will have to pay $10-$15 to buy shares and then sell them. So you need to achieve over a 10-15% return just to break even. However if you buy $1000, you need to achieve a 1-1.5% return to break even. Similarly, you only need a 0.1-0.15% return to break even if you invest $10000.

I think you have to buy 100 shares at a time, so probably 10-20k to get started.

Okay, so what would you need? I'm now curious on how much capital is needed to start.

You can invest with $100 if you wanted to.

If you find a broker that does the first few trades free (as some do), and buy penny stocks, you can get started with even less.

Generally $25k is what I've heard.

MOAR TRADING STATIONS GIVE ME MOAR!

I'm 16, what is forex trading? How do I get into it? And can I make a ton of money?

Haha, that was funny. Have an bookmark!

As a fellow futures trader I hope you got in on that rally on crude oil earlier today. I grabbed a nice chunk of change from it :P

That looks fucking awesome man. I always wanted to start day trading but because i 1. dont have any start up capital, 2. dont know where to even begin, and 3. dont have anytime because im active duty military its just a pipe dream. maybe when im retired in 13 years ill give it a shot.

There's always time. And thanks for your service.

What do you trade? Or what do you focus on?

Mainly futures and options. making predictions on various commodities such as oil and gold as well as currency fluctuations. Honestly, a lot of it is more reading the matrix and less reading news, though that does help - i.e. early on in Egypt unrest re: oil futures not so much now, as the market has pretty much reacted as much as it's going to.

What tools do you use to do your analysis on futures? Just curious.

Honestly reading the matrix; i.e. watching the squeezes to see when a market will burst. tl;dr read as much as you can then bet on your gut. I mention above as well that news helps, but only so much and really only very early on, before the market catches up to itself (see: Egypt / oil futures).

My apologies, more interested in your trading style than your build haha. It's a nice gaming setup though. Thanks for the tip.

Did you touch gold when it dove?

What do you trade? Sub-pennies? What is your favorite indicator or combination of indicators?

Now that's a nice bass on the wall there. many props to you. was it caught by you as well?

Any tips for someone who wants to start doing what you to do? What to start with..etc

Someone asks this question above.

Who needs a trading gaming setup when you can just do some insider trading?

Nice rig. Do you feel the markets as they are now(HFT, gov't intervention etc..) make it hard/impossible for the average person to make money?

You are absolutely right on the last part. Hard to really say it's impossible to make $ as an average person, but was disgusted by the bank bailout for this main reason. Markets should clean themselves out, not be subject to arbitrary intervention. In my opinion :)

What technical indicators do you usually rely the most on?

How do you do what you do? Where would I start?

How do you start trading? Do I just download and install Think Or Swim, deposit some money into it, and then buy and sell stocks?

Is it possible to trade from home if you're under 18? It's always been something that interested me.

No, Buying and selling of stock is a contractual agreement. You can try Kapitall though if you want to learn how the game works.

As a guy who loves data and graphs, I approve this album.

Awesome man! What trading/charting software are you using?

Totally unrelated, but when I told people about options trading, majority have told me that the big banks dominate in that market because they have the ability to buy in large bulks and overall get a better return. How did you start out?

People still trade? :3 Cool!

As a trader, do you do anything productive for society, or do you just gamble and basically extract money from people less... intelligent(?) than yourself?

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