I trade on a 23" monitor or a 15" laptop depending on what location i'm at. One 5min chart linked to a daily chart + order entry and another 5min chart for another stock to watch.. I trade with a remote prop account. geez trades off a 15" laptop.
wow so your only looking at 2 stocks the whole time? i thought you'd have at least 10-15 charts up and was gonna ask you how you keep your focus
Well every 5 minutes I'm flipping through a lot of charts looking for setups.. Once the trade is on there's no need to watch it very carefully
I have 5 charts up at a time. 1 is dedicated to the futures, I use 1 or 2 for stocks that I am keyed in on for that day and the other 2 for flipping through stocks on my watch list. To maximize screen pace I minimize my P/L, order entry bar & open orders, account info..etc.
10:30 LONG ARUN 12.51 STOP 12.44 TGT 12.65 - Both ARUN and SPY gap down but head higher - As SPY puts in 4 red bars retracing ARUN holds strong - Buy over the tight bar on ARUN as SPY turns - 3 bars of weakness take out my stop then ARUN makes it's slow move back up to my target http://puddles.humanfund.ca/wp/2010/05/21/2010-05-21-trades/ [/B][/QUOTE] It actually looks like ARUN puts in a higher low right after stopping you out, did you ever think about re entering this trade?
I'll try to contribute let me know if I got this wrong Short WFC at 29.17 Stop 29.52 Tgt 28.67 wfc showing weak relative strength, going short at the break of prior pivot low