Intraday Trading Setup by Anish Singh Thakur | Trading Nifty | BankNifty Options | Best Trade Setup - YouTube

Channel: Booming Bulls

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Hello guys, my name is Anish Singh Thakur,
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and today we are going to talk about this
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four screen trading setup. Since the time I have posted the photo
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on Instagram, comments have been received from a lot of people.
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that how did you make this, how did you set up
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the four screens, what is the use of this and how
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much this costs. So I am going to discuss all the
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details here and if you are a stock market trader
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or interested in this thing or if you do
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digital marketing or you do video editing, so I
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recommend you to watch this video untill the end.
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And traders ,I will share two very pro tips with
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you. So make sure you watch this video until the end. So, let's start guys. Ok guys,
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so we will divide this video in three parts. The first part is that what is this,
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second part. how did this get setup, and the third part is why is this
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here for, I mean is there any requirement of this or not. So let's start.
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What is this, what is this. If I consider these four screens as one. Four of them are
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of 24 inches each, so, if we consider that there is one monitor of around 100 inches,
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so this is simply a computer.This is the monitor, this is the keyboard, this
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is the mouse, that is the CPU. So if I tell you what's so special in this CPU.
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So before we get into the details of the video let's see what is there in CPU.
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There is nothing as such guys. There is one processor as a main component,
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RAM is there and storage is there. These are the three main things. So,
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alright, let me uncover exactly that how have I installed all these things. Ok.
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Now lets talk about the cabinet. Here the cabinet
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that you are seeing with the lights on is definetly
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a show off. So, it's obvious that if you are making
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such a nice setup then I think it show look good.
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This cabinet has costed around five to six thousand.
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Now, the main component which is there in this
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cabinet is the processor, but the processor cannot
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be setup directly. You have to get a motherboard.
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I will give you the details of the motherboard which I have used and of all
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the other things. So the motherboard which we have used, everything is fit
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onto it. Processor is also fit onto it, RAM is also fit onto it, storage
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is also fit onto it and many other things are fit onto it. So let's start.
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So you need a good motherboard which atleast has more
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slots for putting the RAM, for putting the graphic card
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like a bit better performing. So I have used an ASUS
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motherboard , I will provide you the details of that.
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I purchased the motherboard that costed somewhere
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around 17 to 18 thousand or 20 thousand.
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After that we used a processor on that. Which
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processor did we use; definitely you should use i7
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of whichever best generation you get. I had the availability of 9th
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generation i7-9700. So we put a i7 processor in it. Then you need a RAM,
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not a RAM, you need at least 8 GB of RAM but I have used four RAMs of 8 GB i.e 32 GB of
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RAM. And then you need storage. For storage I have used a hard disc or 1 terra byte.
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But if you might have ever noticed that this mac book pro is still my favourite. Why is
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this so thin? Because this does not have a hard disk. So, this is a solid state device.
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This does not have much capacity though, it
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just has 250 GB. So I have also put a 250 GB
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SSD in my computer. I have installed windows in that
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itself and will install all other programe in that only.
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And yes, like the way I am making this video, I would
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have to edit this. So, all such things that are there I
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will put in my hard disc. So, definitely we guys will need
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an SSD for storage where our windows will get installed.
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We will need one hard disc of 1 terra byte where we will
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keep the things, we put 32 GB RAM, we put the processor.
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The processor is like a high speed processor. It
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needs cooling system. I will show it to you in photos.
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There is a liquid cooling system which is fixed
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to it which, fan and all is fixed which keeps it
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cool as well. Ok, now let's talk about the graphics
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card but before that we will look at the bottom.
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This 650 watt which you can see there, that is
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called SMPS. What does SMPS do, it maintains the
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power supply like, it manages this aspect that
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how much voltage is needed by which equipment.
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So usually it is of 450 watts, but I have used 650 watt
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because my computer consumes more power. So you need a SMPS.
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Lastly the thing which is setup is the graphics card. And
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obviously this stand, this stand on which the four screens are
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placed, I have ordered this from Flipkart and I have put up
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four screens which are normal LCD monitors and nothing special.
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Now the last step comes of Graphic cards. So now something which you
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need to think of over here is, I said that I don't want to play games,
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neither do I have to do any work related to graphics.
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So I used a simple 2 GB graphics card. I put up
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a graphic card, and the moment I attached it and
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after that I attached the monitor through a splitter.
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We took the input from this side and we gave the output to the other side,
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and then attached the spliter. Then the same thing started being displayed four
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times. So that was something tricky/ Then I came to know that it won't work like this.
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Just like in childhood we play PS2, PS4 or PS3 or or you
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must be having at least a DVD player in your house. So, you
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plug in one plug into the DVD player and attach it to the
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monitor. HDMI is the technology that is used right now.
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So this is the same thing which I tried with
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HDMI splitter, which didn't work. So for this
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you need four Graphic cards. But we don’t even
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have any slot for putting four graphic cards
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even in such an expensive motherboard. Even in this
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there is a slot of putting just two graphic cards So we
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can use two which can give two outputs. But then instead
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of 650 watt it will go up to 850 watt or 750 watt.
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One graphic card a little bit of a good grade. I setup a graphic card of 8GB, I will
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tell exactly which one was that. And there are four outputs which come out from that.
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That is what we used. There was some tricky thing in that
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also which I will tell you about in depth. There were two
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outputs in HD and there were two outputs named display port.
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I know most of you wouldn’t be knowing what is a display port.
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It's not VGA, it's a newer technology than HDMI.
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Display port is an even more advanced technology
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than HDMI. That was also not available and
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one of my friends helped me in arranging that.
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At last four cables were setup. All four of them
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came out from one graphic card and were setup to
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the four monitors, and a simple UPS would be setup,
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and I don't need to explain the basic things.
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Get a good keyboard in which the light changes as well. Get a good mouse which gives
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you a good feel. And then simple once you are using this you can simply use it like
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If you will come here, if I would want to show you how do we
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do setup of this. So, if we guys come on arrange displays over
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here and then we detect. And then simply we can set it like
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this, we can bring this here, get this here, get this here.
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Like this we can set it up completely. So this is how you can, and apply. In my system
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settings are already applied so I don't need to
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apply. So in this way we are using our setup.
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Ok guys, so I hope I explained you very well that how did I make CPU in my computer of
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i7, 8 GB RAM, sorry 32 GB RAM, 8GB Graphic card, 1 terra byte hard disc, 250 GB SSD
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good keyboard, good mouse, a stand and connection
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and that's it, you are done. Now we have
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cleared the what and how as to what is this.
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So, this is simply just a good quality computer.
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and we cleared the how also that how these components
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came, what was there in CPU, stand was attached,
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monitors were attached and how we assmebled all of
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these. Take one thing more, this, anti reflective glasses
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because these are very much needed because you
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have to sit in front of screens all day for so
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much, like for about 8 hours, it could, it could
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harm your eyes. So you need this one as well, okay.
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So now let's start with the most important
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question, WHY. Why, why you need this. Is it just to
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make my background good or is it meant only to
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take a good photo or this has some use as well.
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Let's come to that point. But before that let me
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tell you that this is not compulsory to have. Don't
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think this after today that if you don't have
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this so you can't do anything, definitely you can.
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What is the difference? Honda Civic is also a car, BMW
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530D is also a car and Rolls Royce is also a car. All the
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three will make you reach from point A to point B. Depend..
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now you know what's the difference. It's very simple.
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So let's start the reasons. If you are a gamer you would love to play
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games. If you are a video editor then you can do video editing here,
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you can make a source folder there, you can open YouTube here to
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watch tutorials, then you can open something else here on the website.
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And if you are a digital marketing expert then you can open
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Facebook campaign here, you can open Google adwords there,
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there you can open YouTube campaign and there you can open
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something else which is useful to you like source file at cetera.
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But I am most interested in stock market trading
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because I myself, I am a trader and a trainer as
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well. So coming back to point, why. The very first
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point is multiple time frame analysis. What is this?
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Someone who is not a trader will not understand this, but still try for once
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to understand. But the traders who are there,
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they know that there is so much importance
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of the different time frames. You are thinking that one stock
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is rising in 5 minutes and you are thinking of buying this.
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but if you see at 1 hour chart then you feel
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that it is reaching a very important resistance,
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here I have to shot on getting rejection. You
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are going to buy and I am going to shot. Why?
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Because I can see the chart of 15 minutes, the chart of 1
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hour, the chart of 5 minutes live over here.You get so much
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benefit from this guys, what should I tell you. This is
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priceless, this thing, this information at the right time.
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I don't do homework on this that. I still do the homework on this laptop of mine. In
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the running market, when the market is moving, that is when I need to see altogether
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at the same time over here. In fact at night I cover it with a cloth, I cover it
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with a cloth and shut it down and I don’t even use it while doing my homework.
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So multiple time frame analysis at live time,
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exactly at that time this is very precious. This
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knowledge gives me so much of confidence. Even
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when I think that I have been proven wrong,
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we have to exit in loss , but we are unable to exit.
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Multiple time frame clearly tells that you are proved wrong.
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You can exit the trades at right time, you can enter
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the trade at right time or you can even hold the trade,
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hold the winning trade for a longer time. So this is the point no. 1.
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Multiple time frame analysis is at ultimate level, I mean you just enjoy that.
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Now 2nd point whenever you trade any stock like if
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you are trading ITC or you are trading TCS or ICICI
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bank then you have to see the NIFTY movement as
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well. What is NIFTY? NIFTY is index of our country.
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If you are from U.S then you see DOW JONES, if you
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are from China then you see SHANGHAI COMPOSIT, if
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you are from U.K you see FTSE. So now let's talk
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about India. It is important for you to see NIFTY,
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that what NIFTY is doing, like today if NIFTY is extremly
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bearish, it's falling and falling. You think you have to buy TCS
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and you are about to buy, but you won't because if the chart of
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NIFTY is open along at one side, like the way it is open here,
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you can see that NIFTY is going down. So, ignore the TCS. Find
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a stock which is going even more down. Earn money by doing
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shot today. And exactly the time when.. Suppose I plan to buy
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today thinking that this will rise upwards with this support
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so I will buy it. That time I see that for eg. it is
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ITC stock then I see if NIFTY is also rising up, and
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NIFTY FMCG is also rising up. If we consider TCS then
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NIFTY IT is also rising up, NIFTY is also rising up.
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Ultimately you need 4-5 confirmations for taking a good trade. So this help is of
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ultimate level for doing synchronization with NIFTY. This is the second benifit.
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You can watch a lot of stocks at the same time. Now the third benifit is World market
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synchronization. If I tell you one thing guys,
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if you see carefully. If you see the U.K market,
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here is UKX. If we open and see FTSE UKX then we can see, the time
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when this fall is coming, we get a lot of help from our market.
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So world market synchronisation. Think that you are
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trading a stock, you have to buy TCS or you have to buy HDFC
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bank, you see NIFTY is also going up, bank NIFTY is going
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up, and when the U.K market opens at 12:30 that time also
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it's 5-5 minute ticks are also going up. Then
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guys this is an ultimate level confirmation
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that you will succeed. Your stop loss will
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not be hitting and would rather be target hit.
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So these are the three benefits; multiple time frame analysis,
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watching NIFTY at the same time, third thing, you can also watch world
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markets at the same time. So these are three ultimate benifits because
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of which I myself have got lot of benefit in my own trading as well.
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And I will share my record with you. I was not able to trade last week..
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last means last to last week because I was travelling and I was out of town.
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But the last week, I mean the week which has just passed by,
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I did trading in that. Ayou can see almost out of five trading
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days like, I took five trading days as Tuesday, Wednesday,
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Thursday, Friday and today Monday, I am making the video today,
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on 27th. On two days I have gained huge profits,
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on one day I have had a small loss, one day I have
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reached breakeven, and I have had a small profit
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on one day. I didn't have a huge loss on any day.
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And you can see I have started this account with this amount which you can see
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and I will show you by refreshing as well. See, after refreshing if you think
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this is my edited then guys even I myself can't believe this. This is one of the best
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performances of my entire life, one of the best,
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not the best, I have had better than this also,
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and I have had worst also. But after this setup has come, this is in front of you. This
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is the kind of, kind of you know betterment which I have seen in my trading. Alright!
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Okay, so we have discussed already now, that what is it, it’s
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a computer, how we have to assemble this, how, and I told you
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the why as well. Now the overall cost which was spent to make
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this was approximately around two lakh rupees that was spent
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because you will need to setup this PC, this stand, this good
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table, you will need a lot of things. So, the expenditure would
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approximately be around two lakhs. But I am so grateful to God that
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I managed this expenditure from my trading of this week already.
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And the things I have shared with you is not because you should come and
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join some course of mine, or I want to prove that I am a very good trader.
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I don’t want anything. I am just a developing trader, I learn daily, I
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write journals while trading and study at night and develop betterment.
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So it's not about that I earned this much money,
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I told you this just because of the help of this
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setup I got a lot of this benefit and I achieved
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improvement in my trading. But this doesn't mean
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that if you don't have this setup you can't do trading. So, as
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promised I will share two important tips with you now. So first of all
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we guys.. you will agree if you are a trader, that
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what is our problem. It's that whenever there is a loss
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of 2,000, 5,000, 10,000, we freeze by seeing it, we are unable to exit it and we hold onto the losing trade.
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unable to exit it and we hold onto the losing trade.
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And whenever we make profit of 2,000, 4,000, 5,000, oh, we may lose it.
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Because of fear we exit and then think that this could have gone up to 40,000.
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Loss which you have held onto, and then it rises. I
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mean we exit the winning trade and hold onto the lossing
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trade. Repeat this mantra after me I need to be stubborn,
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stubborn means 'adamant', with my winning trades
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and I need to be very impatient with the losing
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trades. I need to be stubborn with my winning trades,
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I need to be impatient with my losing trades.
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You have to repeat this whenever you are trading.
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So this is very important, keep this in mind buddy
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that you can earn money only by holding onto the
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winning trade in the stock market, otherwise you cannot.
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And cut your losing trades fast fast, first step.
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Second tip, the second tip which has a relation to the first tip is, second
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tip is that, stop looking at your P&L while trading. Means what happens,
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here we are seeing our charts and entry stock there, and we are just
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looking at our P&L the whole time thinking that oh, it increased,
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oh, it decreased, it increased. And that is the reason why you freeze
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as you get the feeling of greed. So, just stop looking at it right.
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When you have taken the trade then you thought that this
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is my stop loss level, this is my target level, then
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what is the need of seeing the P&L that how much is it
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now, how much is it now. You think that if you go to
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some doctor and he asks you that yes, what is the
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problem, okay, you have this disease, okay brother just
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wait for a minute, and then suddenly the doctor starts
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counting money, he starts counting the money suddenly.
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Then he says okay, now tell me, then you tell him something, and then
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again he starts counting the cash. Will you ever visit such a doctor for a
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treatment? You will not go. Nobody who is a professional would ever count
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his money at the time of doing work. So stop looking at your P&L right now.
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From tommorow, stop, don't look at your P&Ls. You will directly
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check it only when you exit. So this will stop you from
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geting emotional. So these were my two tipsfor you which I
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think are very important and which every trader must follow.
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Finally I am going to share one bonus tip with you
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and the tip is, whenever you are trading in a live
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market please take any simple copy like the Classmate
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one and buddy, note down each and everything.
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Don't write this entry, I am not asking you to write any boring journal
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like what was the level, how much.. don’t write numbers, writing
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numbers doesn’t matter, write your thought rather that I think I need
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to buy this but I know this should be bought at this entry, over here.
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but why am I buying it early, I feel like, buddy I am scared,
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buddy should I exit, buddy what is this happening, every
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thought coming into your head. Sometimes while trading I
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fill up about 30 pages, I fill 15 pages or I fill 10 pages,
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usually I write four to five for sure. What do I write?
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Should I do entry here or I shouldn’t means whatever
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seems important to me I write everything. Why? Because
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whenever you are in a trade you becomes a stupid person,
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your mind stops working because your money gets invested
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on the line, your money is put on stake. So we behave
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like absolutely foolishly or in a stupid manner and do
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anything. If you… what is the way to solve any problem.
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Firstly identify the problem and then get a solution. You don't know what
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your problem is. So write journal, everything in your journal while trading.
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If I tell you I have filled three copies that are a triple size of this each,
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one copy goes every month, I write it, and only writing is not important guys.
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After writing and before sleeping go through it once. Now see you will write
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in bad handwriting while you are trading. So at night when you will read it,
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just read it once. Read it with a peaceful mind and think that why have I
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written like this, why have I written abusive language, I am abusing myself,
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I abuse myself. So you have written all this.
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So make it fair in a better handwriting. Why?
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I will tell you why you have to do it. So you
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have written down all the important points.
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You traded for 5 days or 4 days, you don't need to trade every day.
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You should do it just for 2-3days at maximum in a week. And whichever
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number of days you traded for, and on saturday and sunday you stay chilled
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and your mind is open as you don't have to do trading. So read once.
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Read in fair handwriting, read it once. You will go mad thinking
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that my god, what points have I written for my development. If
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you follow this just for 2 months then I am telling you that
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ultimately there will be a difference that would come in your trading,
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and may be you even don't need to do any course
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if you are an experienced trader. So please
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write down every thoughts in your journal, review that at night and review in weekends.
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So that's all from my side guys. Thank you so much for listening
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to me this long. And guys I want to tell you one important thing
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that, if you have watched any of my previous videos before this
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then you will see that how much improvement I have made in my setup,
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how much improvement I have made in my editing skills, how much
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hard I have worked to make this video. And I will get such content
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again to you, I will get it again and again. So I want you to hit
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that subscribe button and press that notification bell icon as well.
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So subscribe because I wll share things with you related to a lot of
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financial things, related to tax, related to stock market, related
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to life overall. And if you will hit the like button it will be a
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very motive… kind of motivation for me that you have liked this video.
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and if you want me to make more videos on other topics please
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comment about that in the comment section, and you can definitely
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give your feedback. And yes, Instagram is my real place where
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I stay very active. So follow me on Instagram @anishsinghthakur
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And just stay connected guys and if you can share this video with your
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friends either on Instagram or whatsapp or, I don't know like how you can share, but do
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that will help me grow in this community, youtube community. Okay. So, thank you so much for listening to me and see you soon in the next video. Bye guys.