You notice the market is starting to fall which affects your stocks. If you get a bad trade, you can get out quickly. This is noticeable if you’re placing multiple trades at once. Buy and sell orders are being executed at lightening fast levels. Probably the most obvious benefit is speed. With just the push of a button a trade is opened or closed. Keys on your keyboard you can use to get in and out of a trade as soon as possible.Read our Interactive Brokers review to see if it’s a broker you’d like to use. That could having you place a trade you don’t want.īrokers such as Interactive Brokers allow you to customize your hot keys. Having too many can also be hard to remember. It can mess up other programs on your computer if they’re running at the same time. Make sure not to have too many hot keys set ups. Take our day trading course.įor example, if you want to buy 2,000 shares of a stock, you can can customize a hot key so that it automatically buys and/or sells 2,000 shares each time it’s hit. Customizable hot keys allow you to have it set up to trade what you want. Most brokers have standard hot keys but they can also be customized. How to use hot keys depends on how they’re set up. You’re trading at the speed of lightning hence the importance of being comfortable. Make sure you have the best laptop for trading to avoid having a computer that doesn’t mesh with hotkeys.Įven having something as simple as an adjustable standup desk can allow you to be fresh and ready to trade quickly. In order to make sure your trades are being executed in a timely manner you need to make sure you have a good day trading computer setup.Ī slow computer will hurt hot key trading. Using the hot key strategy allows you the ability to make money on the volatility of the one minute candles. The first fifteen minutes of the market open tend to be extremely volatile. With hot keys it’s done in the time it takes to hit a button. Normally it takes a couple clicks of a mouse as well as confirmation before sending the trade. In other words, you’re getting in and out of a trade in the time it takes you to hit two keys on your keyboard. Hot keys are linked to your broker so you can buy and sell live market orders with the touch of two buttons. In learning how to use hot keys it’s important to define what they are.
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December 2022
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