In this post I'm going to show you how I set up ThinkOrSwim to day trade one one monitor. The same video can be used for investing. You may not want to invest in a multiple monitor setup right away or you might be out of town using your laptop. Using ThinkOrSwim with only one monitor is important to know how to do.
Day trading is something I've wanted to do for a long time. As a long-time online poker player I feel I have a lot of skills that would transfer over to day trading. That's why for the past few months I've been trying to learn as much as I can on the subject and a good part of that has been learning to use ThinkOrSwim.
ThinkOrSwim very complicated software but I finally figured out how to set it up in a way that works for me. In the following video you can see how I use ThinkOrSwim to research stocks and day trade in one monitor. I'll show you which windows so I can quickly [Alt]-[Tab] between them and how I set up my charts. I use both standard charts and FlexibleGrids.
Detaching a lot of windows is very important when you're using a single monitor. I detach the stock scanner, the fundamental's screen as well as a bunch of charts. I'll also detach an S&P 500 chart to keep an eye on the general market from time to time.
My main trading charts use a FlexibleGrid and I have a different versions that allow me to view and actively trade 1, 2, 4 or even 8 stocks at a time without having to hunt through different screens and I can keep an eye on all stocks I have open positions on at once.
If you'd like to learn how to recreate these exact charts, or if you'd like to design your own ThinkOrSwim charts check out my post on how to customize ThinkOrSwim FlexibleGrids
Let me know what you think of my setup in the comments below.
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