Technology & Setup

Question 1

What’s the #1 priority for a trading setup?

Answer 1

Reliable, fast internet with backup (hotspot).

Question 2

Why have two monitors or more?

Answer 2

To track multiple timeframes, indicators, and news without tab switching.

Question 3

Why use a wired connection over Wi-Fi?

Answer 3

More stable and less prone to drops.

Question 4

What’s the role of a backup device?

Answer 4

Switch instantly if your main PC crashes.

Question 5

Why is UPS (uninterrupted power supply) valuable?

Answer 5

Keeps system running through short power outages.

Question 6

What’s TopstepX used for?

Answer 6

Simulated combine trading with strict rules to earn funding.

Question 7

What platform do most traders use for charting?

Answer 7

TradingView.

Question 8

Why connect broker and charting platform separately?

Answer 8

Charting for analysis; broker platform for order execution.

Question 9

Why keep broker login info secure?

Answer 9

To protect account from unauthorized access.

Question 10

What’s DOM (Depth of Market)?

Answer 10

Order book showing bid/ask liquidity for precise entries.

Question 11

Why use multiple timeframes?

Answer 11

Higher TF shows trend; lower TF times entries.

Question 12

What are the core levels to mark daily?

Answer 12

Prior day high, low, close, overnight high/low, VWAP.

Question 13

Why use templates/workspaces?

Answer 13

Save chart layouts for consistency and speed.

Question 14

Why keep charts clean?

Answer 14

Less clutter = easier decisions.

Question 15

What’s the risk of overloading indicators?

Answer 15

Paralysis and conflicting signals.

Question 16

Why use alerts on TradingView?

Answer 16

So you don’t have to stare at screens nonstop.

Question 17

What’s the benefit of bar close alerts?

Answer 17

Prevents false entries from intra-bar noise.

Question 18

Why set news alerts?

Answer 18

High-impact releases can spike volatility.

Question 19

What’s the role of auto OCO orders?

Answer 19

Automates stop loss + take profit for risk control.

Question 20

Why test alerts in paper trading first?

Answer 20

To confirm signals trigger as expected before risking money.

Question 21

Why journal digitally?

Answer 21

Quick, searchable, integrates screenshots.

Question 22

What’s your backup if TradingView goes down?

Answer 22

Broker platform charts or alternative charting software.

Question 23

Why use a task manager (Things3/Notion)?

Answer 23

To prep levels, routines, and reduce mental clutter.

Question 24

Why schedule system updates outside trading hours?

Answer 24

Prevents forced reboots mid-session.

Question 25

What’s the golden rule of trading setup?

Answer 25

Simplicity + reliability > complexity + fragility.