How To Avoid Data Loss On Your Trading Computer
As a seasoned trader, you would never enter into a trade with out a sound and well thought out exit strategy. This is all to ensure that you don’t risk the loss of any of your trading capital should a trade move downward unexpectedly. This same principle applies to your trading computer’s data. You should have a clear backup plan incase you ever need to wipe the computer clean because of a virus or other damaging situation.
These types of events are sure to educe a huge amount of panic and stress if you don’t have a plan in place ahead of time. Your ability to recover from a breakdown on your trading computer will directly affect your ability to return to your planned trades. Encountering a virus could cause your computer to be down for several days or even longer. A substantial backup plan is a very valuable safety net to be able to rely on. There are multiple areas in your backup plan you should make sure are correctly structured so that your day trading computer can firstly attempt to avoid a data loss and secondly recover from a data loss.
Mirror your data
One of the most important steps you can take to protect your trading computer data is to make sure you have an exact up-to-date copy of the data that is on your computer for trading. This will enable you to reload any data in the case of a data loss event. You will want to invest in a backup drive that you can easily connect to your computer via USB to be able to back up your data. You can use your system to set a calendar reminder or auto backup to make sure that regular backups are being completed.
Battery Backup
If you live in an area that is prone to any type of power outages, you should have a battery backup installed on your trading computer system. This device will help those in areas that are prone to brown-outs - a short power-outage lasting only a few seconds – that can cause a significant amount of damage. This acts as a sort of short-term generator for your computer. This means that you will be able to quickly save your current work and shut down your machine. In most cases, this will allow you to continue working with out any interruptions.
System Monitoring
Even the best computer for trading needs a robust system of protection from viruses & malware. Your trading computer setup should have the very best anti-virus software installed to protect your data against the constant threat of identity theft
