Basic System Setup for Trading 1 DISCLAIMER BearBullTrading.com employees, contractors, shareholders and affiliates, are NOT an investment advisory service, a registered investment advisor or a broker-dealer and does not undertake to advise clients on which securities they should buy or sell for themselves. You understand that NO content published as part of the Bear Bull Trading Room and its Website constitutes a recommendation that any particular investment, security, portfolio of securities, transaction or investment strategy is suitable for any specific person. You further understand that none of the creators or providers of our Services or their affiliates will advise you personally concerning the nature, potential, value or suitability of any particular investment, security, portfolio of securities, transaction, investment strategy or other matter. 2 Overview • Computer System Operation • Internet Connection requirements • Trading in a Simulator • Trading Platform 3 Computer System Operation What will you be running on your computer? Trading Platform • DAS Trader Pro is a very power day trading platform. • Uses very light resources on your machine. Chatroom • • • Live Trading, Pre-Market Prep, Mid-Morning traders, communications with mods and members. Chatroom scanners, Benzinga News and Squawk Audio. Internet browser such as Chrome and Firefox. Scanners • Free scanner software like Trading Terminal. These applications do not require a lot of resources from your computer to run properly. 4 Minimum Requirements This is what we recommend as the bare minimum for a decent trading computer: System Specs: ⮚ Processor (CPU): Intel Core i7 Series ⮚ Memory (RAM): 16GB (No less, 32GB is perfect) ⮚ Storage (Hard Drive): Recommend SSD type drive Size will vary on your needs. ⮚ Motherboard: Any gaming motherboard will do the job. ⮚ Video Card (GPU): NVidia, any low-end 10X or high-end 9X series. Peripheral Hardware: ⮚ 2 Monitors, Keyboard, & Mouse You can also build your own computer for trading. 5 New Specs from IT! •Processor (CPU): the latest generation Intel i9 is ideal. An i7 will also suffice, but ensure that it is the latest model generation. •Memory (RAM): 32GB’s is ideal, but 16 will also work. The more the better, of course. •Hard drive (HDD/SSD): Minimum of 256GB NVMe M.2 drive is sufficient. This needs to be the primary drive where Windows and all programs are loaded. You can install a secondary standard Solid State Drive for other data, but the primary drive needs to be the latest NVMe. The Samsung Pro 970 or greater are perfect. •Graphics Card/Video: Any of the newer nVidia RTX models will suffice. Even a newer model GTX will work. Just ensure you have enough video outputs to support the amount of monitors you plan on using. If you want more than 3 monitors, you will likely need two graphics cards. Also ensure your motherboard can support 2x PCIe x16 graphics cards. •Power Supply (PSU): Depending on how many hard drives and video cards you plan on using, 750 watts is the minimum I would recommend. This will also ensure you can upgrade in the future. A modular power supply is easier to work with. •Cooling: There are several AIO (All in One) water cooling kits for the CPU. But this opens a can of worms as the case needs to support liquid cooling and have space for the radiator. The H150i PRO is a good fit for most. •Motherboard: Any board that supports the CPU (Processor) that is selected, is expandable to a minimum of 64GB’s of RAM (Memory), and has support for a minimum of 2x PCIe 3.0x16 connectors (for the video cards) will suffice. 6 System Setup for Trading What equipment do you need for Day Trading? Basic Setup Advance Setup Travel / Mobile Setup OR • • • Good specs on computer or laptop. At least two monitors recommended. Basic accessories. • • • • Powerful PC run several applications. Strong graphics card that can support multiple monitors. 3 or more monitors for platform, chatroom and scanners. Stream deck or gaming pad for hotkey order execution. • • • Laptop with enough USB connections for accessories. Portable monitors. (These can connect using USB. Dedicated hotspot or cellphone with great connection like 5G. 7 What if you have a Mac? DAS Trader Pro and many Direct Access Trading Platforms do not run on Mac’s OS. There are options to run Windows OS on mac that are very stable. November 3, 2017 Software you can use: Boot Camp Setup Specs • MacBook Laptop. • Running Parallels Software. • 3 Monitor Setup. • A lot of connections and adapters. Start with what you have, you can upgrade later as you progress. 8 Examples of Setup Upgrades January 19, 2020 • • • • • Live Trading Windows Desktop 2 Strong Graphics Cards 6 Monitors Gaming pad for hotkeys Now • • • • • Windows Desktop. Powerful Gaming Computer 1 Massive Powerful Graphics Card 3 27’ (4K) Monitors Stream Deck / Gaming Pad for Hotkeys 9 Importance of Internet Connection 10 Internet Connection Your internet connection needs to support your style of trading. A fast and stable connection is important especially for active day traders. Trading Style Internet Speed Day Trading High Impact Swing Trading / Long Term Medium Impact Investing Low Impact Slow speeds can have a significant impact on your executions and negatively affect your Market Quotes, Order Execution & Fills. 11 Highspeed Internet Make sure your connection is in great condition for day trading. • Test your internet speed and make sure it is fast, preferably over 50-100MBP’s. • Contact your Internet Service Provider to run test on their end for speed check. • Check that your Router/Modem are up to date. • Use wired (LAN) connection to Router/Modem, it is much faster and more stable than Wi-Fi. Servers Internet Service Provider Router / Modem Computer System You want to make sure there are no delays between each point of contact in the internet chain. 12 Trading Platform Latency • Check the latency between your Trading Platform and Trading Servers. • DAS Trader Pro has this feature available. • DAS recommends a Network Delay under 200ms for optimum performance. Click here to bring up Network Traffic Status 13 Importance of Trading in Simulator with Live Market Data 14 Importance of Trading in a Simulator You will likely not succeed without spending a significant amount of time in the simulator. The simulator will help you sharpen your trading skills before putting any real money at risk. Learn the Platform Read & Interpret Market Data Execution Accuracy & Speed Test Strategies We recommend at least 3 months in a simulator. 15 Simulation Environment You need to train in a simulation environment that is as real as it can get. STRATEGY TECHNOLOGY • The simulation platform must be identical to the one you will be trading live in. • Needs to provide Real Live Market Data. No Delays or Missing Information. • PSYCHOLOGY • Build your TradeBook using strategies that have been successful in your simulation. • Build the confidence in Real Live Simulation environment before going live. • Make sure you can execute your Strategy in the platform repeatedly. • Don’t fool yourself. Simulation is as good and effective as you make it. Indicators that support your style of trading. (Ex: Level 2 Market Depth) 16 Trading Platform Comparison 17 Steps in Execution Direct Access & Discount Broker You place an Order Order sits on the exchange, and you get matched with buyer or seller Execution and settlement Commission Free You place an Order Order gets rerouted to a market maker Order gets executed via the market maker Execution and settlement Most commission free platform use a middleman to execute your trades which leads to subpar entry and exits in most cases. 18 DAS Trader Pro Das Trader Pro Execution One of the fastest and most secure. Direct access to L2 and exchange Speed Best in class Ease of use Complex. Ideal for using hot keys, short cuts and multiple screen layouts. Ideal for active day traders. DAS Trader pro is our recommended platform Mobile application Does have a mobile app, but not very user friendly and not an optimal UX 19 Thinkorswim Thinkorswim Think or Swim is used by some of our experienced moderators and traders Execution Very fast. Backed by TD Ameritrade Speed Ideal for swing trading, not recommended for day trading Ease of use Complex. Ideal for option trading, day trading and swing trading. Using hot keys is not as easy as DAS Mobile application Does have a mobile app, but not as user friendly as Robinhood or Webull 20 Trader Workstation Interactive Brokers (TWS) Trader Workstation is used by some of our experienced moderators and traders Execution Very fast Speed Ideal for swing trading, Not recommended for day trading Ease of use Complex. Ideal for option trading, and swing trading. Using hot keys and customized layouts are not as easy as DAS Mobile application Does have a mobile app, but not as user friendly as Robinhood or Webull 21 Free Commission Platforms Commission free platforms Execution Slow. Not ideal for day trading. For Robin Hood orders get routed to market maker for a fee called payment for order flow Speed Ideal for investing or longer-term entries. Could be okay for swing trading. Ease of use Simple. Extremely easy to use and intuitive for the end user. Some call it gamification of investing Mobile application Mostly focused on mobile app. Desktop functionality is not as powerful 22 Brokers and Platform Toe to Toe Speed and Execution Legend High Moderate Ease of Use Ideal for day trading Recommended by BBT Low DAS Thinkorswim Interactive Brokers (TWS) Robinhood 23 24