Do You Need Real-Time Data?

Real-time data flows to your screen
tick by tick, as prices change in the markets. A live screen is one of the
most captivating sights on Earth, right up there with nude co-ed volleyball
or a chain collision on an expressway. Watching your stock dance
in front of your face can help you find the best spots for buying and
selling—or make you forget reality and swim in adrenaline.
Will live data improve your trading? The answer is “yes” for a few,
“maybe” for some, and “no” for most. Having a live screen on your
desk, says a trader friend, is like sitting in front of a one-armed bandit.
You invariably end up feeding it quarters.
Trading with live charts looks deceptively easy, while in fact it is one
of the fastest games on the planet. Buy at 10:05 A.M., watch the price rise
a few ticks, and take a couple of hundred dollars off the table by 10:15.
Repeat several times a day, and go home at 4 with thousands of dollars
and no open positions. Sleep like a baby and return in the morning.
Trouble is, you need perfect reflexes to do that. If you pause to
think, delay taking a profit, or quibble accepting a loss, you’re dead.
This game requires lightning-fast reflexes, as well as a certain
thoughtless capacity to jump.So know your reflexes and start flexing ur
biceps if you are fast and furious.
courtesy:-come into my trading room