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New Trading Setup || 6 Screen Trading Setup for Stock Market || Forex Trading || Anish Singh Thakur - YouTube
Channel: Booming Bulls
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Hello everyone, my name is
Anish Singh Thakur,
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and welcome to this
most awaited video
[21]
where I was getting maximum
comments for this topic itself
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saying that you've created
your setup
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that you guys just
saw now.
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What's the
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reason for this
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and how did I
set it up,
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what are it's benefits,
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and a lot of questions,
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like won't you
incur loss,
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now you would do
lot of things,
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and a lot more things
were there.
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These are things we'll
discuss in this video
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I'll divid this video
in two segments.
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How did I make it,
[46]
why did I make it,
what was the reason.
[49]
So let's start.
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Alright. So,
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what happens
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and how does it happen.
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What is it? It's just a
simple computer,
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this is a CPU.
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This CPU has more outputs,
it has 6 outputs.
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That's it. Nobody can explain
in more simpler language.
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This trading setup
is just a
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high end configuration
computer,
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which I'll explain
you in detail.
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There are more monitors
placed in it.
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Why they're placed?
If you do trading,
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it helps in multiple timeframe
analysis a lot.
[124]
Secondly,
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it helps in multiple
stock viewing a lot.
[127]
I've to see Nifty,
Bank Nifty too,
[129]
U.K market is opening, so
I've to see that too.
[131]
And I've to see
VIX also,
[132]
I've to see a lot
of things,
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I've to see 4-5 things,
Reliance too,
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then it's very useful.
[137]
So it's useful for
all such things.
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So let me explain you
in detail now,
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as in technical
configuration,
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that what all should
be there
[144]
in a very great
trading setup, alright?
[146]
Alright. So, what is
a computer.
[148]
Before we go ahead
and understand
[150]
how to make a
trading setup,
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let's know what's
a CPU.
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CPU, monitor, keyboard,
mouse,
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you all have
studied,
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it has these 4 things.
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Keyboard and mouse
will give input,
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monitor will display
the output,
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and what will CPU do?
It'll do the processing,
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Central Processing Unit.
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CPU
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the main component
of that
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on which all things
are installed,
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that's called a
motherboard.
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We are having a Asus
motherboard.
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It's a gaming motherboard,
Z-490
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on which
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there are slots..
slots.
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In these same slots
we place RAM,
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we place hard disk,
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we place solid state
device,
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we place processor,
graphic card.
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So overall,
it is
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something like
a skeleton
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as everything will be
placed on it.
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So it's important to have
a good motherboard
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as a good motherboard has
more number of slots
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to place more graphic card,
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more RAM.
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If you'll take a normal
motherboard,
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you won't be able to put
multiple screens.
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You need a good
motherboard.
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Now after the motherboard,
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computing power
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is of the processor.
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We are using i9 processor.
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In my previous computer
setup
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I had installed
i7
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as I think that was the
latest at that time.
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And now I have installed i9
[215]
as it's the latest,
from Intel.
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After that
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look, RAM is simple
to take,
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I've put 32GM RAM
in this
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and put hard disk of
1 terrabyte to
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put storage.
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And I've put
SSD also.
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of 500 GB
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as I'll install Windows and
some other applications,
[230]
they'll be in that
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and data storage will
be in this.
[232]
What's left
now is,
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no need to tell you
about fan etc.,
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There's a Courseware fan
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which'll keep
it cool,
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and let me leave power
supply and all.
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Most important thing
[240]
in order to do
trading,
[243]
leave aside trading,
[244]
it can be useful for digital
marketing,
[246]
it can be useful for
a video editor,
[248]
and can be useful for
many people.
[249]
We edit something
on one tab,
[251]
we open other folder there,
do something here.
[253]
That's what you
have to do.
[254]
So most important
thing is
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graphic card.
Now,
[257]
the moment people hear
this word they feel
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it's meant just
for graphics,
[260]
to play games.
No guys.
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What is a graphic card.
[264]
Suppose you bought
PlayStation 5.
[265]
Suppose you place HDMI
[267]
to this side of
the PS,
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and the wire towards
this side
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is what you connect
to the T.V.
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So it's giving output
here
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to the T.V.
[274]
How does that happen?
Through a cable.
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So how many cables can
you remove from CPU?
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They're removed from
graphic card of CPU.
[282]
So if your graphic card
has capacity
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to give 4 outputs,
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then you can use
4 screens.
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So I've placed two graphic
cards of 5 GB each
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from NVIDIA.
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PNY
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QUADRO P2200.
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So I've placed graphic
cards of 10 GB.
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8 outputs I have.
[300]
8 HDMI cables,
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or there is a display
board technology
[303]
which is newer technology
than HDMI,
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we can remove 8
such cables,
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so we used 6 cables.
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I can put 2 more if I want
but that's not needed,
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so I'm not putting them.
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Otherwise two more
can be placed.
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I hope I was able to explain
you technically
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being a non-technical guy
[318]
that how should a CPU
be designed.
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RAM, hard disk,
graphic card,
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and processor,
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and that's it.
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And a cabinet
is placed
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which you can see here,
like this.
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I've taken the same
cabinet in India.
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But.. yes, it's almost
the same.
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I saw the same here so
thought to buy this only,
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I really liked this
white one.
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So that's the technical part.
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Right.. okay, I haven't
told about monitors.
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So there are 4 monitors
of 27 inches each.
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They are of Dell
company,
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which are of 27 inches
and placed this way.
[347]
The vertical ones are
from LG company.
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LG monitors are
of 32 inches.
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Alright. There are
two stands,
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one stand is holding
four PCs,
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and 2 stands are on
sides of table
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which is holding
it this way.
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And wire management
and internet.
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Obviously good internet
you need.
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My internet's speed
is 800 mbps
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of the LAN which I've
put directly.
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And a good keyboard, mouse,
mechanical,
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and you are set.
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I hope I explained you
everything technically,
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how this setup
was formed.
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Alright. So,
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it is ready.
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Now, why..
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won't you incur loss,
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will you become
Crorepati now,
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are you going to do
lots of trading now?
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No guys. Look, let me
explain you.
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If you don't have this,
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even I didn't have
it before this.
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I've come to Dubai
from October month,
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November, December,
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January, February,
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it's March now. I haven't done it
from last 4 months.
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But the best trades
of my life
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I have done in
December
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and February.
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December and February were
very good months for me.
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I trade through
one laptop.
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Why I didn't do then?
Let me tell you.
[409]
If in your car..
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if you drive a
normal car,
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why you want to
buy a BMW?
[413]
More luxury,
[414]
more comfort, right?
[415]
You want always good
things in your life.
[418]
Everyone does. A person driving BMW
aspires to buy Rolls Royce. Why is that?
[421]
Everyone wants
more comfort.
[422]
So now let's start
with why.
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Can't trading be done
without this?
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100% it can be done. I
used to do without it.
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But I will get an edge
when this is introduced.
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What's that edge, let
me explain you that.
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Tell me something.
[433]
You know who all are market
participants; retailers,
[437]
high net worth investors,
[439]
and institutions.
[440]
There are 2 types
of institutions
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foreign institution
investors,
[444]
and domestic institution
investors.
[445]
Like Aditya Birla Group,
LIC Domestic,
[447]
Wells Fargo, Bank
Of America,
[449]
these are FIIs.
[450]
So FIIs, DIIs.
[452]
Do you know what kind
of setup they have?
[454]
Much better than
us guys.
[456]
They have better setups,
[458]
they have better
employees,
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more information,
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more money,
[462]
they've everything better
than us technology wise.
[464]
So I gave you
an example that
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look, all this is already
happening
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we just don't
come to know.
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Let's now talk how it'll
be useful for me,
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how it can be useful
for you,
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and at what stage should
you take it.
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Let me tell you
this clearly too.
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This is useful,
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most important,
[477]
if I ever open the
chart and show you,
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look I've made 4 boxes. What
is different in all of them?
[482]
Timeframe.
[483]
If you are a trader
[484]
then you must know
[486]
5 minutes.. if I talk
about these stocks,
[488]
then 5 minutes timeframe
[489]
and 15 minutes
timeframe,
[490]
both these are extremely important
to see what's happening every moment.
[494]
Sometimes it's important
to see 1 hour timeframe too
[496]
what's happening
at larger scale,
[497]
how is daily candle
being formed
[499]
if the day is about
to end.
[501]
So you have to change
again and again.
[503]
Secondly, everyone has their
own favorite setups.
[506]
Somebody uses
naked chart,
[508]
someone uses just
trend line,
[509]
some people
use RSI,
[511]
some people use
Bollinger Band,
[512]
some people use
Ichimoku Cloud,
[514]
some people use
what, I don't know.
[515]
I use moving averages
and naked transaction.
[518]
So I need naked price
in one chart surely.
[520]
There shouldn't
be anything.
[521]
I need that in both, 5
and 15 minutes timeframe
[523]
Then I have to setup with
moving averages also
[525]
as I get an extra edge
by seeing that.
[527]
Sometimes I even like
seeing RSI.
[529]
Sometimes I like
seeing ADX,
[531]
I have to do lots
of things.
[532]
Now in 1 lakhs
again and again
[534]
holding the trade
for that time,
[535]
leaving winning
or losing trade.
[537]
That's not done. So I'll do multiple
timeframe analysis,
[540]
I'll open more things
[541]
because I have
1, 2, 3, 4,
[543]
4 plus 4,
[544]
4, 4, 4.. 16 screens
I have guys,
[547]
no, 16 guys.
[549]
More 16..
[551]
24 screens I..
[552]
24 charts I can watch.
[554]
So, look, that was
just an example.
[555]
It's not that I'll start
seeing 24
[557]
I'll open big screen in some
and small in others.
[559]
Second point.
Sometimes you..
[561]
for example, if I
am trading BankNifty
[565]
I'm trading only
BankNifty
[567]
so I open two charts
of BankNifty.
[568]
Now I need to
see Nifty also.
[570]
It depends on
Nifty also,
[571]
if a huge fall
occurs in Nifty,
[573]
then BankNifty decreases or increases
by considering market sentiments.
[578]
So it is very important
for me
[579]
to watch BankNifty
along with Nifty.
[582]
So timeframe should
be in that..
[583]
You all know who plays a
major role in BankNifty.
[586]
HDFC bank,
[588]
ICICI bank,
[589]
SBI. Suppose I have their data
on small screens on the side too
[592]
I'm seeing just 5 minutes
timeframe.
[594]
Suppose I notice same momentum is
coming in all the three,
[597]
won't I get the benefit?
[598]
Yes I will. Suppose
[600]
I am trading Nifty.
[601]
I trade for Nifty,
[602]
BankNifty is very
important.
[604]
Reliance keeps weightage
more than 10%.
[607]
TCS.. TCS..
leave that,
[608]
how much does IT
matter for Nifty?
[610]
Does auto matter
for Nifty?
[612]
If I can see charts of
that also,
[614]
how would it be.
[615]
If I want to see
India VIX's
[616]
volatility, what's happening, if
it's cooling off, increasing
[619]
I will get the benefit.
[620]
So guys, due to such
multiple reasons
[622]
it is not something
compulsory,
[625]
it is some kind of luxury
you can have for yourself
[627]
if you are doing it
full time.
[629]
Because I'm doing this
profession full time,
[632]
obviously I will do everything
a professional does.
[634]
So that is why the setup
is here, and I hope
[636]
I was able to explain
it to you guys nicely
[639]
that in what ways can
it be useful for you.
[642]
Alright? Okay,
so this is done.
[644]
This was the entire information
for you guys
[648]
that why is this important,
[649]
how was it formed.
[650]
Now let me come to other
questions that you have in mind,
[653]
won't you ever incur loss
after this?
[655]
100% I will
incur loss.
[657]
But the secret of stock
market is to
[659]
minimize your losses.
[661]
Alright?
[662]
And keep them in control.
[664]
If you're able to remove just one
thing from your trading, big loss,
[668]
then what all will
you have?
[669]
Break even,
[670]
then small loss,
[673]
small profit,
[674]
break even,
big profit.
[676]
Listen carefully.
Big profit, small profit,
[680]
break even,
small loss,
[681]
big loss.
That's about it?
[683]
If you just
remove this,
[684]
break even is zero,
[686]
brokerage is
charged,
[687]
small loss is taken
by small profit,
[689]
only bigger profit
remains.
[690]
Just by removing one
thing in market, big loss is..
[695]
you can be profitable
in the market,
[697]
but you'll definitely
need big profit.
[698]
What is my strategy?
[700]
I'm sharing simply,
[701]
these days I am trading
very less.
[703]
I'm not even trading.
[704]
I just trade for one or
two days in a week.
[706]
I just wait for my favourite
setups to be formed.
[709]
So my strategy is simple.
[711]
I am taking only the highest
probability setups.
[715]
I am going in with
good quantity.
[717]
I am quitting,
[719]
quitting the day.
[720]
I am accepting I
lose from market
[721]
if stop loss hits twice.
[723]
Immediately I
think no, okay,
[724]
that's it. No overtrading.
[726]
And I am doing this
since a lot of days,
[728]
and it's working
very good for me.
[729]
Now also, even if
a bad day comes,
[732]
I'll quit it in 2 stop losses.
That's it, that's so simple
[734]
Sometimes I'm quitting the
market in 1 stop loss, not joking.
[737]
One stop loss hits,
I feel bad,
[739]
I'm getting emotionally unstable,
I stop trading.
[741]
People think they have
to do it daily,
[743]
they have to take
trades every time.
[745]
Always market is open,
I've to stay in the trade
[747]
is a kind of feeling
you get.
[748]
These are the things you've
to come out of.
[750]
That's why you need a better psychology
as well for all these things.
[754]
So all these things will help me
out in the psychology section..
[757]
area as well.
[758]
Alright? Okay guys.
[760]
I hope you liked
this setup.
[762]
And you'll just not think I
don't have it, I can't do it.
[764]
You can do it very well.
[765]
You also make your setup
[767]
but don't make it now.
[768]
If you feel
that yes
[769]
I've started doing things
in the market,
[772]
I've started understanding,
[773]
then you go ahead and start
with a 2 screen setup.
[776]
You get 4-4 screens even in
2 screens in tradingview.
[779]
Then you go for
4 screen setup
[780]
when you're able to use
a 2 screen setup.
[782]
Don't just directly
go for like this.
[784]
This is literally.. few
people will think
[787]
because when I made the
first 4 screen setup video,
[789]
people kept
commenting,
[790]
as I was a new YouTuber,
[791]
how many subscribers I had
when I had 4 screens,
[793]
I had 3k-4k subscribers..
2k...
[796]
2k... no I just had
1k subscribers.
[798]
Yes, I had 1200 subscribers
[800]
when I had 4 screens.
[802]
Due to this they went
up to 4k-5k,
[803]
then they kept increasing.
[804]
People then commented saying
this is a new chap,
[806]
he's showing off by
showing 4 screens.
[808]
Guys, I did wonderful trading
by using that same setup.
[812]
And even today
[813]
people will say he's
showing off this too.
[815]
Okay, think whatever
you want to.
[817]
That doesn't make
any difference.
[818]
A person thinks about another person
as per what he has in his mind.
[822]
What you see..
[823]
Mostly it is your own perception
which creates thw world.
[826]
So whoever think this
is show off,
[828]
welcome, you can think
me as a show off.
[829]
And whoever felt
[831]
I explained properly
what is useful
[832]
you can understand
[833]
how this can benefit
a person in trading.
[836]
But it's obvious,
[837]
it will help you after
reaching at this level.
[840]
If you're a beginner
[841]
it won't be helpful
at all.
[842]
First you've to work
on your technicals,
[844]
you've to work
on your technicals,
[845]
you've to work on
your risk management,
[847]
you've to work
on psychology,
[849]
you've to work
on trading plan,
[850]
you've to work
on your lifestyle.
[852]
So this step comes after
working on all of this.
[854]
So this is a stage
two for you
[856]
all the new people.
[857]
And all the experienced
people
[858]
you know very well
what I'm talking about
[860]
Alright. So, okay.
[861]
So let me know in
the comment box
[862]
what exactly you liked
about the video,
[865]
about my setup,
[866]
and
[867]
even if you have any questions about
the setup you can comment that.
[871]
And please subscribe the channel
if you're new to this.
[873]
You can see the growth
in like 6-8 months.
[876]
This was in June/July
when I has 1200 subscribers.
[879]
We had 1200 subscribers.
[880]
It's 8 months right,
8 months,
[882]
ninth month is here,
[883]
we are touching 300k.
[885]
We touched 3 lakh subscribers.
So definitely
[887]
this channel is giving a lot
of good information to people.
[890]
So please subscribe.
[891]
And guys if you
enjoyed it,
[893]
and if you're a fan
of trading career,
[896]
if you enjoy trading and
seeing such setup,
[898]
if you're a fan
of technology,
[899]
so please share this
with your friends also.
[901]
This will help me to reach
new people as well, alright?
[903]
And yes I know a
lot of people among you..
[906]
even last time you were requesting me
to give a link of products
[910]
which.. give us a list,
[912]
and because I didn't have
a team etc. at that time
[914]
and I didn't have the time.
[916]
This time, in the link
to this video
[918]
whatever products
I have used
[920]
or their alternatives
available in India,
[922]
in fact, let me provide you
Amazon link for them
[925]
which you'll find in
description box.
[927]
If you want you
can click there
[928]
and you can purchase it.
[930]
Or you can take it's information
and buy from a local shop.
[933]
Whatever you wish
you can do.
[934]
Okay guys, I'll see you soon
in the very next video.
[937]
Till then, bye bye, take care,
thank you.
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