General Trading Chat

There are headaches with whatever software one uses. We have had complaints about data streams too.

Just taking the path of least resistance.
I think if we are planning to be a professional trader and successful, we need to do whatever it takes to get good software and data, not entirely dependent on broker.

That being said, I have had no problems with Pi (which I use for order placement mostly) so far, however Kite is another matter and it is a bit quirky and works whenever it wants to.

But it is our professional responsibility to ensure we have the right charts (and even a backup data alternative, perhaps broker charts can be used for these) and power and network backups.

timepass ji, you are a professional trader, so you know what you have to do to not have this headache often :)
 

wisp

Well-Known Member
There are headaches with whatever software one uses. We have had complaints about data streams too.

Just taking the path of least resistance.
Not really! :) There is reliable stuff out there definitely
 
I think if we are planning to be a professional trader and successful, we need to do whatever it takes to get good software and data, not entirely dependent on broker.

That being said, I have had no problems with Pi (which I use for order placement mostly) so far, however Kite is another matter and it is a bit quirky and works whenever it wants to.

But it is our professional responsibility to ensure we have the right charts (and even a backup data alternative, perhaps broker charts can be used for these) and power and network backups.

timepass ji, you are a professional trader, so you know what you have to do to not have this headache often :)
i wasted my starting 2-3 years in making free datafeed (made it also but i could not focus on trading concepts). Very important lesson which i learnt is to spend money on best datafeed and the other tools required for trading. Keep focus only on trading. This is problem for newcomers coming from technology backgrounds. imay end up losing anual subscription charges of datafeed in a single trade (or missing the trade there by losing the tentative profit) due to bad datafeed.

Well said !!
 
Not really! :) There is reliable stuff out there definitely
Listen, there are a number of issues a day trader needs to face. ISP issues too, even if one takes care of the electricity issues. A smallest drop in the connection either way screw up the trades.

As I said earlier, the path of least resistance. I am mainly using TradeTiger for charts and Nest for trading. Some day I will go on to Amibroker too. Meanwhile looking at various softwares and trying them.
 
i am full time day trader. my source of income is day trading only.

i use wyckoff/vsa to trade. initially when i was learning vsa i purchased trade guider as well as esignal real time data for couple of months. by far the best investment of my trading life.
wisp has rightly pointed dont try to save costs at wrong places if you are a day trader. keep everything possible handy be it good data vendor, charting sw, 2 internet lines etc etc. if one cannot invest then one as per me is not making money consistently as trying to find some ways to save money in trading.
 

princy01

Well-Known Member
in the world of trading where crores of rupees could be earned after initial learning of 5-7 years , initially one may opt for the best and cheapest option , but as you have learned and start to gain little confidence , you have to opt for the best possible options , if a trader is not getting out of initial trap of 5 years learning and not gaining confidence then maybe trading is not for him , maybe he was never well capitalized for future and option , maybe he is fearful still for deep down psychological reasons or whatever , he has to up the game somehow
 

princy01

Well-Known Member
in the book diary of a professional commodity trader by Peter Bradnt one of the better trader we know of his generation with some 30 years of trading experience

he has written that if you are not psychologically ready to trade , if you have had emotional issues in the past , you probably are not suitable to be a full time trader , cant remember the exact word , will try to find and copy paste from the book .
 

Similar threads