Expert Trading Psychologist Van Tharp repeats over and over again “You trade your belief system.”
One of the most common beliefs that new traders as well as experienced traders have is thinking they can trade on their old computer. These are day traders who believe that having good day trading computer system has nothing to do with their trading. They think as long as they have a fast broadband internet connection, they are OK. Well guess what, with the advent of High Frequency Trading and Co-location, these non believers are being taken to the cleaners.
These traders are resisting change or they are just too comfortable to even think about something new. Unfortunately, technology is constantly evolving. The demand for speed and capacity are at the all time highest levels. The transfer of data has increased exponentially over the last several years, so having a day trading computer that can keep up with this data flow is imperative.
I hear traders complaining all the time about their screens freezing up or having to wait forever for programs to load or charts to map. As day traders, this is unacceptable. How about placing an order and getting filled a minute later. How would you feel about that? All of these are facts that can be observed and measured.
If you are in this camp, at least take a look at the buyer’s guide and learn how technology has changed and how it can help you. You can get the free buyer’s guide to day trading computers simply by entering your email address into the form.