Why You Need a Multi-Monitor Trading Station
Here are the five screens of data I want in view when Poloniex margin trading on a Multi-Monitor Trading Station:
As an example let's review my margin trade in DOGE coin at the moment. In order to really be present and monitor this trade the easy way, I like to have all the information before me at once.
Poloniex Margin Trading on a Multi-Monitor Trading Station:
I want the past two years of daily bar view of DOGE prices in relation to bitcoin prices - the big picture - should always be displayed on the top left monitor.
My Open Margin Trade
My margin long position in DOGE should be on the top center trading monitor. Once the trade is profitable, the next stage is determining when to close the position and take profits. The action button should always be easy to reach, should prices suddenly swing against the position.
Close Time Frame View of Price Action
Two week view of 1 hour bars in DOGE. I went long with 1btc sized position, 2450000 Doge coin margin trade on April 8 at an average entry price of 41 satoshi. This view of the market should be displayed on the top right monitor.
Monitor Lending Rates Closely
Doge lending rates can spike as prices are rising. Short sellers who think the market has topped, and occasionally, coordinated bot activity may be observed in coordination with disappearing 'buying walls' in the order books. The rate of current Loan Offers should be under constant observation on the bottom left trading monitor during bull markets.
Keep An Eye On The Order Books
The active order books for the exchange market should be displayed on the bottom right trading screen - so that strings of buying or selling can be verified and distinguished from large orders removed from the trading books - and so quick comparisons can be made between the lending markets and orders.
A Multi-Monitor Trading Station
The bottom center monitor is for video editing, blogging and social media monitoring.
Do you think it is overkill? People ask me if I work at NASA!! - do you think the multi monitor set up is a fantastic tool for a trader who is actively margin trading on Poloniex, Bitfinex, 1Broker or other platforms?
Or is it just going a little overboard?
I think it's great to get comfortable like this and not having to switch tab to see another graph.
It is a much greater boost to productivity than you might imagine. Once you have the screen space, then new ways of saving time start to become apparent!