lets assume that a person has to live somewhere and that they'd have a net connection regardless of wether or not they were a trader
The most important two things I spend money on are Bloomberg and Market News. About to trial Reuters 3000 as I honestly believe having fast news give you an edge.
How much charged for reuters 3000? Did you get it personaly, or using shared through some trading desk at a trading firm? Have you ever compared it like how faster "Minute wise" you get the news than other services say like Dow jones news wire which is around $100?
I pay $39,95 a month for Prophet charts and I got bloonberg on TV for my news feed. You don't need fancy software to make money. anyhow If there is strong news and the market screams higher, i do the opposite and sell in to strength. Buzz
Usually when strong news has already comes out , market don't go any higher after public awarness, and it might do choppy moves. This strategy is a loser, because you end up seating in that trade (against trend) and experience big lose or you will get stopped out easily. If i can find any news that is faster than other news Like DJ news wire by several minutes, i will definitely pay for it unless not extremely pricey
for those of you that voted for $10000+ do you include your mortgage or apt rentals fee aswell !?! Very curious how anyone can reach more than $5000... not even an institution can reach that level.