As I stated on another thread one could call me simple minded but I much prefer to manage my own money... which got me to thinking... Does anyone here currently full time and trade stocks? If so I would like to hear the challenges that you may have faced trying to do this given the limitations of technology on the road.
Any traders out there?
Luvglass said
11:44 AM Apr 6, 2010
Aside from a slightly slower connection speed on the internet, I don't see communication of any sort on the road to be less than in a sitcks and bricks.
We have Hughes satellite internet, Direct TV and Verizon cellular phone. We do everything online - stocks, banking, bill paying, whatever.
If you set yourself up properly, there's no downside.
bjoyce said
12:06 PM Apr 6, 2010
I hope you are not talking about Day Trading? Day Traders need streaming updates and fast latency. Satellite does not provide the fast latency and in areas where cell phone/aircard internet is fast the 5GB limit comes in due to the high usage the streaming updates use.
We trade stocks and bonds and have no problems, but we are not Day Traders.
heyduke said
12:14 PM Apr 6, 2010
well i wont say that i don't day trade because i have but yes i would hope to be able to get some streaming data (with acceptable) latency but i am a trend and momentum trader that will sometime result in a day trade....
Any traders out there?