How to set up a Simple Day Trading Station for Penny Stocks or Crypto Trading

Posted By on January 14, 2018



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I teach Day Trading Strategies for Beginner Traders.  I focus on Momentum Trading Strategies including Gap and GO! and Trend Finding Strategies.  All of our classes are available for immediate streaming at https://www.WarriorTrading.com.

// Helpful Links
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Momentum Trading Strategy: https://www.warriortrading.com/momentum-day-trading-strategy/
Reversal Trading Strategy: https://www.warriortrading.com/reversal-trading-strategy/
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// Learn How to Day Trade and Learn How to Swing Trading
As Day Traders and Swing Traders our mission is simple. We are looking for stocks that we expect will move in a predictable direction. We want to take a position with a predefined stop level and profit target. Sounds easy right? In a lot of ways it is. But there are literally thousands of different strategies for trading the market. Every trader has a unique approach to trading. Our goal is to teach you our strategies. I have developed a series of profitable trading strategies for beginners. Our Trading Courses focus on the most fundamental aspects of a successful trade.

// Chart Patterns
After you understand risk management and proper stock selection, we teach you how to find stock patterns on charts. These patterns are how we base our risk and reward. We look for chart patterns that have well defined areas of support and resistance. We will use previous support levels as our stop price, or our risk, and we look at previous resistance areas as our initial profit target, or our reward. If the profit vs loss ratio is 2:1 we will take the trade. I teach both day trading strategies and swing trading strategies. For day trading we focus primarily on 5min charts while swing traders focus more on daily charts. The patterns in general are the same. I teach traders how to find patterns in real-time including Bull Flags, Bear Flags, Flat Tops, Flat Bottoms, and Rubber Band Reversal Setups.

// Trading Strategies
Learning risk management, proper stock selection, and chart patterns is important, but those alone don’t create a trading strategy. A trading strategy requires details on the time of day you take these trades, what type of stocks you like to trade, what percentage to success you expect. All our students are required to paper trade and prove to me that they can trade on a percentage of success that is high enough to justify real trading. If you can’t make money in a demo account, you have no business trading a real account. We have saved students hundreds of thousands of dollars by encouraging paper trading while they are learning. The market will be here for a long time to come. The important thing for you right now is to build up the skills to trade the market successfully. You will learn that once you possess the skills to consistently make .00/day all it takes to make 0 is larger share size. Then all it takes to make 00 is again, larger share size. The hardest part is being consistently green just /day. So that is our initial target for all of our students. Profitable trading 4/5 days per week for at least 3 months.

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How to set up a Simple Day Trading Station for Penny Stocks or Crypto Trading
How to set up a Simple Day Trading Station for Penny Stocks or Crypto Trading


This article has 19 comments

  1. What type of equipment are you guys using for your trading stations? Let's see what is most popular!

  2. Excellent video! Would you please go over your setup for your main trading space with six monitors? I'm most curious about all of the connections. Thanks!

  3. Can you please share with us good stock or screen recording software free or paid? Or previously recorded stock move

  4. how are those big 6 screens powered? any pc towers ? u didnt mention the graphics card to feed them tho…thx man

  5. Thanks for sharing and really useful!!! such as the advise for 1 laptop with 2 USB monitor!!!

    I am now searching the software needed for trading after the hardware settled~~
    For example
    1. Broker Platform – Interactive broker
    2. Charting Platform – eSignal ( I am not familiar with it…)
    3. maybe some algo trading or not use for it… ( Multichart/ Amibroker)

    Look forward to the further sharing with thankssss!!!

  6. My birthday is coming up on the 26th & I was literally just yesterday telling my girlfriend about getting external monitors for my HP Envy & BOOM you put out a video on setting up a station.. You're the man Ross, thank you.

  7. Brilliant setup! Super clean and simple. I was worried about needing to bring a gas generator in my backpack to run the extra monitors.

  8. So Ross, do you use only Laptops to power your entire station at the office or is there a desktop behind the scenes? More importantly, are you trading at your office with only Laptops powering your software? I ask this question because I have been a desktop user for years and never really got into laptops but I'm at the point where I'm just about to start making some upgrades and my first thought like always was to buy another desktop. I guess since I haven't used laptops much, I don't understand the speed and power they may have. Again just looking for suggestions and are all those monitors in your office hooked up to laptops? Thanks Ross, have a great day!

  9. You can also create virtual desktops so you don't need as many monitors.

    As a side note, regarding your videos, I find that i have to jack up the volume on my receiver to hear your videos. Not sure why. I don't have this problem with other you tube channels.

  10. hi ross.ive been studying your warrior trading vidoes for aprox 3 months now.im 47 and im learning slowly as im not the sharpest toll in the box lol. i really enjoy the way you teach and take time to explain. i just watched this video and wanted to say some people do great things with their time and i feel you are truly are 1 of them. you give your knowledge in a great spiritual way. thank you ross. dominic.

  11. Ross, I heard Lightspeed gives access to the darkpool/blocktrade lvl 2. Do they actually give you to option to route your order THROUGH the darkpool or trade within its liquidity?

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