15 Price Action Patterns Insiders are Using If a hedge fund managers were using 15 specific price action patterns would you want to know?

Eddie Z is a full-time day trader and total computer geek. As you may already know, the link between advances in technology and Wall Street is pretty amazing. In fact, many innovations over the last years were created for the necessity of knowing price information and processing transactions. Wall Street is credited as the major driving force in the development of the telegraph, the telephone and the computer.Eddie’s love for computers started at the young age of 11 when he ripped open his first computer to figure out what was wrong with it and how he could make it more powerful. Ever since he started his Wall Street career in 1987, Eddie Z has been building his own trading computer systems, in an effort to stay ahead of the crowd. Over the several last years, Eddie Z has built and tested hundreds of trading computer configurations in an effort to determine which components work best together and which would give the stability and reliability we need as full-time traders.He kept his trading colleagues and peers in the latest and greatest during this time, while not even considering the business possibilities. Eddie Z is the creator and CEO of EZ Trading Computers, which he started after realizing the ridiculous amount some other computer builders were charging for trading technology. What started off as a lifelong hobby and passion for computers, has now turned into a mission – to educate fellow traders on trading technology, and offer them the highest quality computers, at the lowest prices possible, with the best customer service. In this episode of How To Trade It, Eddie Z and Casey discuss the importance of optimizing your trading computer specifications, so that you don’t lose out on trade opportunities. You don’t want to miss it! According to Eddie Z, trying to trade on old technology just doesn’t work! Join us on this episode of How To Trade It to find out more! #Trading #Technology #Processors #CPUs #EZTradingComputers Click To Tweet

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You’ll want to hear this episode with Eddie Z from EZ Trading Computers, if you are interested in…

[01:08] Getting started on the tech side

[04:19] 1st trading computer
[09:27] The biggest technology mistakes that traders are making
[11:48] Netflix…loading in 3-2-1

[13:13] ‘Delays” can cost a fortune
[14:45] Processors
[16:02] Your computer is BUSY

[17:35] The benchmark
[21:02] “Slippage”
[24:58] Intel vs AMD?

[27:22] A good graphics card
[30:24] My monitor addiction
[38:14] Info. for non-tech-savvy traders

[40:26] Buyers Guide!

Big Tech Trading Mistakes

The single biggest mistake that traders are making when it comes to technology is not understanding how much data is actually coming through their internet connection. There is a sheer waterfall of data running through your broadband. If you are running ThinkOrSwim, NinjaTrader, TradeStation, or any of the other major trading platforms, along with a handful, or 50, or even 100 symbols, you have tons and tons and tons of streaming data coming in when the markets open. There’s tick data from your symbols, volume data, time & sales data, and maybe news. Perhaps you have a trade room open or you are running an online class on Zoom too. If your computer isn’t up to speed, it can’t keep up, the information gets bottlenecked and will cause a slight delay. That fraction of a second delay, however, can end up costing you big time.

Delays, delays

Even small delays can throw off your trading methodology, especially if you are doing any kind of program trading. If you continually get a different price than you think you are buying at because of timing delays, you are going to get triggered. Your fight or flight response kicks in and you get mad. We all know that those negative emotions lead to things like revenge trading and other stupid decisions which will never work in your favor. You don’t want to blow the next series of trades because of poor timing issues on a previous trade. Trying to trade on old technology just doesn’t work!

Processors matter

The processor is the “engine” of your computer. It’s the driving force. As a trader, you really need a muscle car engine to take care of the waterfall of data coming in through your broadband. Loading all of those charts takes power. And, each indicator is essentially a little computer program algorithm, running on every symbol, possibly at multiple time frames. Every single symbol is processing every single indicator at the exact same time! There’s a lot going on. Your computer is busy, and it needs the processing power to keep up with the demands of trading. If you think of horsepower, or in computer terms, a benchmark score, you need to see a benchmark of at least 19,000 CPUs, in order to power the real time data that is coming in on a regular and consistent basis.

“Slippage”

Slippage occurs when you enter an order to buy or sell and then the price gets filled at a different amount than what you expected. This happens because of delays in processing time. It makes sense if you think about the delay created when a movie is buffering. Unfortunately, “slippage” can cause traders to lose out on great entry and exit amounts. When you add those losses up over time, it can be quite significant.

Resources & People Mentioned by Eddie Z

The Complete Guide to Trading Computers

Discover your computer’s BENCHMARK score now!
ThinkOrSwim
Ninja Trader

Trade Station

Connect with Eddie Z

Website: https://eztradingcomputers.net/
Website: https://ezbreakouts.com/

YouTube: https://www.youtube.com/channel/UCimOW-83bnzyAuKJe-4xTmA
Facebook: https://www.facebook.com/EZTradingComputers/
LinkedIn: https://www.linkedin.com/in/eddie-z-162b3021/

Connect With Casey Stubbs

Website: https://caseystubbs.com
YouTube: https://www.youtube.com/TradingStrategyGuides
YouTube: https://www.youtube.com/caseystubbs

Twitter: https://www.twitter.com/caseystubbs
Facebook: https://www.facebook.com/TradingStrategyGuides
LinkedIn: https://www.linkedin.com/in/caseystubbs/

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Eddie Z no longer worries about what happens around the world when the US markets are closed. He sleeps just fine. These days, Eddie Z is completely dedicated to trading his system and helping other traders become better traders through technology. His goal is to help YOU obtain the highest quality, most reliable, trading computer system for the lowest price possible. Then, give you the best professional consultation, warranty, and technical support in the business. As a full-time trader and complete computer geek, Eddie Z speaks your language! Eddie Z & his team at EZ Trading Computers want to help you figure out the best possible hardware configuration that meets YOUR trading needs. Reach out to them today!