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Optimal performance

Hi,

I've just started day trading recently and wanted to know whether my connection is capped at the ISP side?.

Although it's not occurring anymore, just recently I was experiencing problems when viewing content on www.interactivebrokers.co.uk. Loading up the homepage has never been a problem but some of the other site pages visited resulted with "site can't be reached". The broker informed everything was running perfectly fine on their end (this was verified when using mobile data). At the time of "site can't be reached", I had no problem accessing other websites.

I've done everything possible to identify the problem and even had a work colleague come in and have a look (he specialises in software development). I've been building computers for years and I was already certain there's nothing wrong with the system itself. Eventually the work colleague suggested there is some possibility that some ISPs limit the account - hence today's query!

Bottom line, I want to make sure my account (broadband) is running optimally at all times without any set limitations. Could you kindly view my account and verify. Also I'm looking to run 3 trading platforms with a whole bunch of real-time active data from various charts/tools/market indicators, etc etc. I wanted to know whether my current subscribed plan is good enough for the task? 

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Re: Optimal performance

If you're day trading, and need to take or liquidate positions quickly, then you'd be pretty unwise to rely solely on a VM residential cable connection.  There's no SLAs, and annual availability appears to hover around 98.5%.  Which only sounds good if you choose to believe the circa five and a half days of cumulative annual outage time will occur when you don't need access.  VM business offers SLAs on fault response times, but actual operational performance won't be that much better.

Regarding being limited, nope, VM don't cap downloads or speed. but if there's problems you get your share.  For anybody who relies on their internet connection for an income (even if only as a hobby, including streaming games or content for money), I'd suggest running in an Openreach connection as a backup, and making sure it is from a SOHO specialist ISP like Aquiss, AAISP or uno.  There's no need for bandwidth in day trading, so you may find that the Openreach line becomes your preferred trading connection.

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Re: Optimal performance

For alternative options, this is exactly the type of information I was looking for.

1. RE: Contract based business agreements: is this as simple as arranging a swap-over with the existing broadband setup or does this require additional installations/hardware? 

2. In reference "to operational performance", we have a number of devices hooked up (TV, tv box, x2 PCs, x3 laptops and a few mobiles) and i was wandering whether the business account deals with these devices in the same way (or better) as the current residential account. Or would limitations apply?

3. In reference to internet access backups, is this an add-on service to tie-in with the existing VM account or a second independent connect? At the moment, I use mobile data (hotspot) for the backup and so far whilst trading I haven't had a problem. I only take on a few positions on a daily basis (30-60mins of trading max per day) hence what are you thoughts with the backup system? Stick with mobile data or go Openreach?

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Re: Optimal performance


@Liveammo wrote:

For alternative options, this is exactly the type of information I was looking for.

1. RE: Contract based business agreements: is this as simple as arranging a swap-over with the existing broadband setup or does this require additional installations/hardware? 

2. In reference "to operational performance", we have a number of devices hooked up (TV, tv box, x2 PCs, x3 laptops and a few mobiles) and i was wandering whether the business account deals with these devices in the same way (or better) as the current residential account. Or would limitations apply?

3. In reference to internet access backups, is this an add-on service to tie-in with the existing VM account or a second independent connect? At the moment, I use mobile data (hotspot) for the backup and so far whilst trading I haven't had a problem. I only take on a few positions on a daily basis (30-60mins of trading max per day) hence what are you thoughts with the backup system? Stick with mobile data or go Openreach?

Which one do YOU feel the most confident in ?


 

***********************************************************************************************************************************

Mike Robinson
Retired Aircraft Engineer & Computer Based Training and Learning Designer for many of the world's Military Arms.

My Broadband Ping - 26_Aug_2020
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Re: Optimal performance

The idea is to better familiarise between the options with help from the more experienced/skilled forum members. Only then I can confidently make a more informed decision. 

Obviously the preference being, opting for the more cost effective solution (ideally a Business broadband account + mobile data hotspot). If you suggest otherwise, for eg. mobile data backup being a no-no I am absolutely open to all options.

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Re: Optimal performance

If i can quickly clarify my position as a trader.... not a pro trader by any means, only recently signed up to 2 brokers and a third for access to specific market volatility tools/add-ons. Both accounts are small in size and it's more of a side hustle with heightened risk regulated stop-limit/stop-market trades. In other words, even if the internet access fails at any point, the stop-orders are already in place to minimise losses. Seeing positive results already, i'm getting the itch to slowly fatten up the margin account and top up on trade sizes (depending on perf) hence open to any services/software/hardware recommendations for the long run (cost-effective or costly).

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Message 7 of 12
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Re: Optimal performance

well, hotspotting is a reasonable back up if the value at risk is modest and you've got suitable stop-losses set up, and in that case I'd think there's no real advantage in you having an Openreach line in.  I've used hotspotting as a working backup for WFH when VM goes down, but for this household that doesn't require any impressive latency or bandwidth.  From what you describe, I don't see a good reason to consider a VM business connection - if you've tried hotspotting and found it works for your needs, stick with what you've got.

For people who are making or want to make money and who know that mobile hotspots aren't a good solution for their use, then a backup Openreach connection often makes sense - say a £35 a month connection offering 35 Mbps.  Having this as a backup is completely separate to the VM connection, and would have its own hub - if VM is playing up they'd need to fire up the Openreach hub and connect devices to that. 

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Re: Optimal performance

Thank you Andruser,

that's super helpful! I've got this page bookmarked for future reference. Now it all boils down to my trading success and whether it's something I can take up more consistently. Based on progress I was already thinking of a second dedicated line (parting from the busy household)... so I guess an additional business line makes sense - £35+VAT i presume, can't go wrong with that if i'm making green 🙂

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Re: Optimal performance

Now it all boils down to my trading success and whether it's something I can take up more consistently. Based on progress I was already thinking of a second dedicated line (parting from the busy household).

Well, good luck.  I've watched substantial gains in my share investments evaporate and turn into five figure net losses, so always keep in mind that equity investments are risky.  And with the complete cods-up the UK and many other governments are making over Covid, be aware that there's huge damage to the private sector yet to factor into share values - plenty of volatility that might be good for a day trader, but equally a single press article or company announcement can instantly turn a day trader's position to slag.

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Re: Optimal performance

I totally get it. For me it's more of a learning curve to see how well I can develop the much required discipline and risk-management. Small scalps here and there at best and then take things from there. What I won't be doing is splurging on cash which carries detrimental value.

BTW, if you don't mind me asking which platform are you using? ... a brief review?

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