Comments on: Tools of an Independent Trader http://www.bargaineering.com/articles/tools-of-an-independent-trader.html personal finance blog with anecdotes, advice and commentary. Sun, 12 Feb 2012 23:30:41 +0000 hourly 1 By: Matt_SF http://www.bargaineering.com/articles/tools-of-an-independent-trader.html/comment-page-1#comment-304426 Matt_SF Tue, 26 May 2009 19:31:04 +0000 http://www.bargaineering.com/articles/?p=4608#comment-304426 I believe you're talking about the "Bloomberg Terminal". It's a news & data program that is supposedly used by the major money managers (mutual funds, hedge funds, big money traders, etc.) but I don't think you can trade stocks with it. I've never used it since I prefer more of a bare bones approach (keeps white noise to a minimum), but if you're into tracking as much data as possible, it might be worth the cost. Your colleague probably needs to trade rather frequently to cover the costs because it's not cheap. Just saw it costs ~$1500. Add executions onto that cost and you could be entering a place where excessive trading eats into profits... or capital. I believe you’re talking about the “Bloomberg Terminal”. It’s a news & data program that is supposedly used by the major money managers (mutual funds, hedge funds, big money traders, etc.) but I don’t think you can trade stocks with it.

I’ve never used it since I prefer more of a bare bones approach (keeps white noise to a minimum), but if you’re into tracking as much data as possible, it might be worth the cost.

Your colleague probably needs to trade rather frequently to cover the costs because it’s not cheap. Just saw it costs ~$1500. Add executions onto that cost and you could be entering a place where excessive trading eats into profits… or capital.

]]> By: My Journey http://www.bargaineering.com/articles/tools-of-an-independent-trader.html/comment-page-1#comment-304421 My Journey Tue, 26 May 2009 18:54:17 +0000 http://www.bargaineering.com/articles/?p=4608#comment-304421 Matt, We have a planner in the office who trades A LOT, and probably makes more off the trading than the actual planning lol. On his desk he has a second monitor that I have heard been referred to as a bloomberg station or something to that affect. Can you explain what that is? Is it just for news? Matt,

We have a planner in the office who trades A LOT, and probably makes more off the trading than the actual planning lol. On his desk he has a second monitor that I have heard been referred to as a bloomberg station or something to that affect.

Can you explain what that is? Is it just for news?

]]> By: Matt_SF http://www.bargaineering.com/articles/tools-of-an-independent-trader.html/comment-page-1#comment-304240 Matt_SF Fri, 22 May 2009 20:12:15 +0000 http://www.bargaineering.com/articles/?p=4608#comment-304240 @ Thomas, I had to include that real time quotes thing... I've been asked that question more than a few times via email. :) @ Thomas,

I had to include that real time quotes thing… I’ve been asked that question more than a few times via email. :)

]]> By: thomas http://www.bargaineering.com/articles/tools-of-an-independent-trader.html/comment-page-1#comment-304149 thomas Thu, 21 May 2009 03:28:54 +0000 http://www.bargaineering.com/articles/?p=4608#comment-304149 ha! I couldn't imagine trying to trade without real time tools. It's like playing basketball blind. ha! I couldn’t imagine trying to trade without real time tools. It’s like playing basketball blind.

]]> By: barry http://www.bargaineering.com/articles/tools-of-an-independent-trader.html/comment-page-1#comment-304080 barry Wed, 20 May 2009 15:05:47 +0000 http://www.bargaineering.com/articles/?p=4608#comment-304080 good stuff! can't wait for part 3! good stuff! can’t wait for part 3!

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