Mobile phone vs. laptop vs. tab...what's your preferred device for day trading? - page 4.

Boov

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Quote from: 9thsky on August 18, 2021, 01:09:19 AM

Note: Question is SPECIFICALLY to experienced day traders who have been day trading for several years and spend AT LEAST four hours a day trading.

If you're day trading full time and you have all the time in the world for it...and you can only choose one of those devices, which would you choose...and most importantly, why that one instead of the others?

Personally I've been choosing laptop or mobile phone because it can be used anytime and anywhere I would like to trade.
Often times, I had a convenient ways of trading and I wouldn't worry of power because we can recharge the device before bringing it from somewhere else.
Even at work I can still trade and monitor my asset as long as there's safe place to do it.

JeromeTash

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A desktop or a powerful laptop does it well for me as compared to a mobile phone or tablet. Because there's a lot of technical analysis to do than just trading. You can't do proper tech analysis on a mobile phone or phone trading apps. They have very limited capabilities.

Mobile phones are only good if one is going to trade on the go, but which kind of day trader makes trades on the go?

Shenzou

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With day trading you have to able to see all kinds of indicators and charts that is if you are trading on serious level where making a trade requires precision and timing, and doing so you need to be able to have them in sight and see them clearly, and with phones and tablets i wouldn't say its impossible but its difficult and inconvenient, even on a computer it get pretty difficult if you don't have tow or more screens to track the charts and be able to place a trade fast.

el kaka22

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I have to say I am not an "experience trader who has been trading 4 hours a day for years" because that is a very low amount of people and you would get probably just a few answers and that's it if you want "just" them to reply. But I have been here for over 8 years now, and I can easily say that during that period I have always used computer. The difference is that whenever you need to rush something, or you need to just do something that is not a big deal, you could use your mobile phone, specially for a long term investment phone is easy enough and you should probably pick that.

However, if you are going to do day trading then making it on mobile phone doesn't make any sense, there is a reason why you see all those movie traders have bunch of screens, it is not even about being on pc or mobile, it is about how you need to check a bunch of things before you can trade daily, and all those screens do show you something you need to see.

Fivestar4everMVP

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Am not a full time day trader but based on my level of experience, professionals will never use tab or a mobile phone as their main trading machine, like some one already mentioned here, deck top with multiple monitors is the way to go for highly professional traders while the smaller guys good with either a single desktop monitor or a laptop, I personally love trading with my laptop any day I decide to trade, though I still need my mobile phone to keep tabs on my open positions incase am out of home, maybe for a drink or something else, but always, my main machine for trading is always a laptop or desktop.

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Quote from: 9thsky on August 18, 2021, 01:09:19 AM

Note: Question is SPECIFICALLY to experienced day traders who have been day trading for several years and spend AT LEAST four hours a day trading.

If you're day trading full time and you have all the time in the world for it...and you can only choose one of those devices, which would you choose...and most importantly, why that one instead of the others?

Each person is going to have their own preferred device but to me it is a matter of not missing any detail in the markets that I am trading and for that you need a big screen, so for me trying to trade from your smart phone or a small tablet is a mistake, I know that those devices are very practical and that you can carry them with you at all times but if I am on the move I prefer to use a laptop and if I am at my home then I prefer to use a PC connected to my television so I do not miss any of the action the markets are experiencing.

Fatunad

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Quote from: 9thsky on August 18, 2021, 01:09:19 AM

Note: Question is SPECIFICALLY to experienced day traders who have been day trading for several years and spend AT LEAST four hours a day trading.

If you're day trading full time and you have all the time in the world for it...and you can only choose one of those devices, which would you choose...and most importantly, why that one instead of the others?

Hands down on using up personal computer/laptop when it comes to this.. No one beats up when it comes to comfort on using up big screens rather than small ones specially when you do make out active trades
plus showing off a chart on a big screen is much better and accessibility and action executions is more easier than on doing in a tab or mobile phone.The only thing here is that you are just stationary but if you are
a type of person who do always commute or in transit then you would surely opt for mobile or tab or you can make use of laptop.Its jut a matter of preference though.

teosanru

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Quote from: 9thsky on August 18, 2021, 01:09:19 AM

Note: Question is SPECIFICALLY to experienced day traders who have been day trading for several years and spend AT LEAST four hours a day trading.

If you're day trading full time and you have all the time in the world for it...and you can only choose one of those devices, which would you choose...and most importantly, why that one instead of the others?

Obviously a desktop, I would happily use something which has a screen even larger than that, Day trading generally requires you to look at a lot of variables and not only that you need to quickly put your orders and even cancel your orders, all this at one small screen of mobile phone is pretty difficult, also mobile apps of almost all the crypto exchanges aren't stable, at least not as stable as their web-based counterparts, you don't want your money to get stuck due to bad coding at the end of the exchange, a somewhat different approach used by a few is having two devices, they keep a laptop for watching charts and a Tab/ Mobile to put order/ cancel orders, but honestly trading is impossible if you are not using a laptop.

Ekeleboy

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You can use a mobile phone as much as you can use a laptop, tab or desktop computer. Finding your way around daily trading is not a difficult task when it comes to the use of these gadgets. But mobile phones is more preferable anyways. The ease of being able to carry it around and not having to seat before a desktop all day. It's mobile.
Add it could access the apps and Web apps you use for trading as you'd access them on a desktop or tab.

Zedpastin

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Most trading websites now have apps that you can download onto your phone or their websites work in the browser of the mobile phone. I like to have a lot of space to avoid making mistakes and I that is where a laptop or desktop computer is better but if you do not care about using a smaller screen size then a mobile phone has benefits like being more portable.

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Quote from: kram31 on August 18, 2021, 11:28:17 AM

Quote from: 9thsky on August 18, 2021, 01:09:19 AM

Note: Question is SPECIFICALLY to experienced day traders who have been day trading for several years and spend AT LEAST four hours a day trading.

If you're day trading full time and you have all the time in the world for it...and you can only choose one of those devices, which would you choose...and most importantly, why that one instead of the others?

I am much comfortable to use laptop or desktop, though I am not saying that mobile is not a good thing to use to trade cryptocurrency.
Although, using mobile phone only is good is when you are outside your home or your in province, in which mobile advantage is much more advantage only due to it is portable. But this was just my own opinion only.

I also use my laptop for multi time frame analysis because of its large screen, to determine the main or minor trends, support and resistance, demand and supply zones, fortunately the indicators used in my trading strategy is the default type, thus I had the same on my mobile phone trading chart, I was able to transfer those information to my mobile phone so that I can easily place a trade anywhere, in a nutshell I used both devices for my day trading, meanwhile some traders might be comfortable with mobile phones, I believe majority traders will use desktop or laptops.

kram31

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Quote from: 9thsky on August 18, 2021, 01:09:19 AM

Note: Question is SPECIFICALLY to experienced day traders who have been day trading for several years and spend AT LEAST four hours a day trading.

If you're day trading full time and you have all the time in the world for it...and you can only choose one of those devices, which would you choose...and most importantly, why that one instead of the others?

I am much comfortable to use laptop or desktop, though I am not saying that mobile is not a good thing to use to trade cryptocurrency.
Although, using mobile phone only is good is when you are outside your home or your in province, in which mobile advantage is much more advantage only due to it is portable. But this was just my own opinion only.

michellee

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If you are a pro trader, you can use any device because the device is just a tool for you to trade. It does not matter if you use a mobile phone or laptop or tab because you can analyze using one of them.

I prefer to use a laptop or computer but I also use the phone because I install an app such as the Binance app and other things to help me trade.

But day trading needs more skills as the market will different day by day. So without having the right skills, you will hard to analyze, no matter if you use a mobile phone or laptop or tab, because that will not help you analyze.

isaac_clarke22

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Quote from: 9thsky on August 18, 2021, 01:09:19 AM

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Well back in the days before I stopped day trading, I was all into desktop computer. My mobile phone is kind of rubbish and wouldn't handle that much load from browser especially if I run my browser in Desktop mode, it is hella sluggish and if even by single second it is slow, what more when if it is a whole 8 hours even though I had a lot of breaks in between those hours.

Raytheon

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I'm not a pro trader according to your definition but from my own experience, I barely use my phone for trading, except for a few orders that I already know my entries and take profits. Most of the time, I use my laptop and I believe other traders also prefer big screen devices. I choose laptop because I can bring it with me to cafe or traveling. Mobile phones and tablets are more portable but really inconvenient for technical analyses.

ChrisPop

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I am not a day-trader, but I do know other day-traders. They certainly do not use mobile phones or tablets. I know only one that uses a mobile phone to manage positions at the end of the session in case he didn't close them already.

IMO it is quite obvious that the easiest setup would be a computer with high-quality monitors (you want to look at beautiful colors if you're going to spend so much time staring at the screen). There are some traders who prefer a more casual setup like only a laptop - that works too especially if you like trading in more social places (like a coffee shop).

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Quote from: palle11 on August 18, 2021, 03:12:13 AM

The type of trading that you spend more time on desktops, laptops or monitors can make trading very boring. That was the beginning of trading when very fast smart phones were still not out, expensive and far from the reach of newbie traders and traders who were still struggling. But you can see in your post too that with mobile phone, you can check chart, analyse trade , interchange trading pairs and do everything done with desktops including making orders.

Never said you couldn't do these things on your phone; it's just that using it on a proper computer is just going to be more efficient. Even if your phone is as fast as the fastest latest computer, it's simply less efficient solely due to the screen size alone.

And the main goal of trading in the first place(if you're doing it professionally) is to make money, not necessarily to have a great time. We're talking about "experienced day traders"(as per OP's requests) in the first place, not hobbyists.

Rrita

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Most of the time I like to use my desktop for my trading. For a good trade setup, I need to use my big monitor. For charting, purpose Desktop computer is best to mine. I know, Most professional traders like to use multiple monitors. But I am a small trader and one monitor is good for me. Still I am learning and I think it's enough for now. I also install the Tradingveiw app on my android devices and whenever I am out of my home, I tried to check my chart with an android device. Also when I am out of my home I need to use my mobile phone to do trade, check the price and market movement. So both Desktop and mobile are very important for me now. I am not a Laptop user, So why can't able to share anything about laptop. For short times traders, there is no alternative to a desktop/laptop.

palle11

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Quote from: dustboy on August 18, 2021, 04:46:08 AM

Laptop/Desktop is the best choice for day trader, it gives the best experience because of bigger screen. With bigger screen you can get better trading experience because you can find and use all the available menu/features easily. It also give you less possibility of wrong click or typo which usually happen when someone use mobile phone/tablet with smaller screen size.

I think maybe for a newbie trader that is still trying to find there way around trading tools, for this, the desktop can be better. But what I'm talking about is day trading shouldn't be what will consume someone time because they want to stay glued there on the screen and watch, the mobile phone can do everything the desktop does, except a new trader that finds it difficult to find their way. Mobile trading helps a trader to diversify into other businesses at least.

dustboy

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Laptop/Desktop is the best choice for day trader, it gives the best experience because of bigger screen. With bigger screen you can get better trading experience because you can find and use all the available menu/features easily. It also give you less possibility of wrong click or typo which usually happen when someone use mobile phone/tablet with smaller screen size.

Topic: Mobile phone vs. laptop vs. tab...what's your preferred device for day trading? - page 4. (Read 540 times)