Just a quick little concept I've been wrestling with for a few months for use in day trading. As you may be aware, lost seconds can sometimes mean lost opportunity... time is absolutely critical when it comes to day trading.<p>Many instruction guides/books/blogs I've come across says that if you are to day trade properly then you need to go to a firm to day trade, actually go to work at an office. Reason being there are proprietary software and subscriptions that these companies subscribe to that give the trader good resources. However, this can be a highly flawed mentality because of its closed mindedness. To think that a single proprietary software subscription with its highly technical trend analysis could be the one thing that gives an edge over everyone else is, to put it lightly, is at the very least foolish.<p>Anyways what I am wanting to do is to do is construct/piece together my own trading framework, not necessarily from scratch, but perhaps a patchwork of sorts.<p>1. RSS Feed: One that allows me to pull the headlines and the important information, updated constantly.
2. Trading Platform(I am envisioning a Hotkey Enabled, or Macro enabled - could even be done through Windows Speech Recognition for some things): I have come across an Open source trading platform called Marketcetera.
3. Audio/Video feeds
4. Pertinent legislation and their progress
5. Commodity related information (weather for crop, production for oil)<p>This list can go on, I imagine, for quite a while.<p>Reason I am bringing this up is I feel like there is a way to bring the necessary resources together in an effective way, and in a way that is more flexible than the premium subscriptions already out there.<p>I am eager to discuss this with those of you that this interests.<p>Disclaimer: I am aware of the inherent risks of day trading/taking short positions, this is something I feel I am moderately disciplined in and of course am hoping to not lose everything I have in the process.