What do you need to get started?
ITEMS TO CONSIDER
-
Access to a broker for executing trades within a paper trading account - no money required.
-
A way to see stock charts in real time with the proper indicators and time frames.
-
Access to CNBC or a business news channel for up-to-date stock market news.
-
A Trading Computer with internet access to utilize live stock charting and broker software as well as note taking / journal.
** The 3rd party vendors above are independent suggestions based on past trader use and experience to evaluate and consider. No financial sponsorship is implied.
Suggested Professional Tools for Time Freedom Trading
1. BROKER for PAPER TRADING
Obtain a free paper trading account with IBKR and practice to trade risk free.
2. CHARTING SOFTWARE
Professional stock charting at your finger tips. Custom tools and templates specific to time freedom trading will be leveraged on the eSignal platform.
3. TRADING COMPUTER
Access to a computer to read read real time stock charts and interact with your broker for trading capabilities is needed. NOTE: A multi monitor computer setup is not required but will be encouraged.
HOW TO CONFIGURE YOUR
TIME FREEDOM TRADING WORKSPACE
CHOOSING YOUR TRADING WORKSPACE
BASIC "FREE" ACCESS
With a common laptop or cpu and a single monitor, you can access the key features in the ONDEMAND course. By using free access to stock market information you will have a "retail" view of market movement to begin your understanding of stock market trading.
With this configuration, you will have access to:
1. GROW YOUR KNOWLEDGE:
This will allow you to use and consume the academic content in the course(s)
2. JOURNALING
Building experience in the markets requires a systematic process for journaling market catalysts and activities that effect the market.
3. FREE ACCESS TO MARKET DATA:
Through various free websites you can monitor the market data ( delayed 15 min for free ) to track the daily activities to learn the concepts of Time Freedom Trading.
*NOTE: This access is not reliable or recommended for intra-day trading signals.
MINIMUM CONFIGURATION
To gain time freedom you will need to grow to use the tools used by the professionals.
Proper price charting is critical see price movement in real time with live market data to profit from.
With this configuration, you will have additional access to:
1. SEE THE WHOLE MARKET
Multiple screens -3 SCREENS @4K MINIMUM; to see the market, sectors, and stocks in multiple time frames simultaneously. This is the key to proper technical analysis.
2. PROPER INTEGRATION
Integration of your broker ( IBKR ) with your charting software (Esignal) will enable proper p&L analysis in real time as well as trading in the chart.
PROFESSIONAL SYSTEM
On your road to mastery in the stock market you will expand your aperture to include multiple trading strategies simultaneously. This will require advanced tools and views to execute.
With this configuration, you will have additional access to:
1. Professional screen configuration
Multiple screens for advanced intraday and multi-day charting.
2. Pre Configuration Trading
Advanced trade ordering with trade automation and "quick" keys.
3. ADVANCED ANALYTICS
Advanced indicators, Journal, and trade logging for detailed trading and P/L analytics.
HARDWARE SUGGESTIONS
“ Professionals use professional tools. Don’t be an amateur by trying to “hack” your way to time freedom.”
- GARO T.
Time Freedom Trader
WHY YOU SHOULD READ EVERY DAY.
Learn the skills you need to become a real professional and master your field.
IDEAS IN
= IDEAS OUT
BUILD NEW SKILLS
= NEW PROGRESS
READING IS LIKE EXERCISE FOR YOUR BRAIN,
SUGGESTED READING PROCESS
—T. Harv Eker