A Trading PC Setup

[Vinu Vasu]

Hello.

 

I hope that you are healthy and safe.

 

I would like to know what kind of PC is required to do stock trading using dual monitors or more

 

I hope that this is the right place to ask such questions. Please forgive me if it is not.

 

With warm regards

 

Vinu Vasu

[kelvinhall05]

I am not sure how stock trading works or how intensive it is. But basically everything nowadays can run two monitors, including laptops.

[Vinu Vasu]

Just now, kelvinhall05 said:

I am not sure how stock trading works or how intensive it is. But basically everything nowadays can run two monitors, including laptops.

True.

 

The thing is when the market is volatile as it is these days latency screws you up big time. Every second counts. I understand that there is not much data to be processed but whatever little there is has to be processed almost instantly. So I was wanting to know if I should go for gaming setup using RTX cards or should go with Quadro cards. 

[kelvinhall05]

4 minutes ago, Vinu Vasu said:

True.

 

The thing is when the market is volatile as it is these days latency screws you up big time. Every second counts. I understand that there is not much data to be processed but whatever little there is has to be processed almost instantly. So I was wanting to know if I should go for gaming setup using RTX cards or should go with Quadro cards. 

I guess what I am asking is like...is this a website, or an app, or both, or neither, how much CPU/GPU/RAM/storage does it need, etc 

[Alan G]

1 hour ago, Vinu Vasu said:

True.

 

The thing is when the market is volatile as it is these days latency screws you up big time. Every second counts. I understand that there is not much data to be processed but whatever little there is has to be processed almost instantly. So I was wanting to know if I should go for gaming setup using RTX cards or should go with Quadro cards. 

Buy a copy of Michael Lewis's fine book, "Flash Boys: A Wall Street Revolt."  It will convince you of the futility of your task.  There is no way you can compete against the big Wall Street folks who have close to immediate trading access.  No way you will be able to find price discrepancies and make a timely trade.  If you are not a skilled stock analyst, and don't know a 10-K from a 10-Q, find something else to do.  I'm sorry if this seems harsh but I've been investing for probably much longer than you have been on earth and there are really no short cuts.

[applebook]

2 hours ago, Vinu Vasu said:

Hello.

 

I hope that you are healthy

 

 

Why? What have you heard? What did my doctor tell you?

[dknx]

 

On 6/17/2020 at 2:21 PM, Vinu Vasu said:

True.

 

The thing is when the market is volatile as it is these days latency screws you up big time. Every second counts. I understand that there is not much data to be processed but whatever little there is has to be processed almost instantly. So I was wanting to know if I should go for gaming setup using RTX cards or should go with Quadro cards. 

 

If you're hoping to scalp stocks by trading news or volatility you're competing with High Frequency Trading firms who pay major exchanges (such as the NYSE) for access to incoming public and private orders. They have direct feeds into the exchange and have latency's as close to 0 as possible. Their trading algorithms also operate in intervals of 250 milliseconds (that's HALF the amount of time it takes to blink). You don't have a chance if you're trying to do this kind of trading.

 

My recommendation is to invest into a low cost stock index, such as the S&P 500 (the top 500 stocks in the United States by market cap.). My personal favorite is Vanguard. Fun fact but 97% of hedge funds fail to beat the S&P 500 so the easiest way to invest is to just invest into the S&P 500. 

 

However, if you still choose to pick stocks I would suggest going the value investing route. This is the style of investing that Warren Buffet does. It's not easy and requires a lot of research into a company. As a side note: don't speculate with money you cannot afford to lose.

 

You don't really need an crazy computer setup to trade stocks. The most "rigorous" test of hardware you'll see, is using your broker's software. It's heavy on RAM but, 8GB - 16GB should be plenty. Other than that CPU/GPU/etc. will see negligible increases in performance. That is assuming you have a relatively modern gaming computer.