http://www.stocktradingsoftwarereviews.org/tymorapro-review/ The worst and best in stock trading software Sun, 22 Jan 2012 05:50:24 +0000 hourly 1 http://wordpress.org/?v= http://www.stocktradingsoftwarereviews.org/tymorapro-review/comment-page-1/#comment-746 Colby Fri, 05 Feb 2010 19:01:03 +0000 http://www.stocktradingsoftwarereviews.org/?p=295#comment-746 I would have to agree that in some ways the market is like chess and in other ways it is not. It is similar to chess in the respect that you really need to plan and think through possible outcome before you make a move. You must already know worst-case and best-case scenarios, and have in place contingency plans if things go against you. For example, on the morning of a big trade you would want to plan a strategy of attack and also an exit plan. Then you enter the trade. If it goes how you’d hoped, great. If it turns against you, however, you’re already prepared and know exactly when and how to exit to minimize losses that could hurt you long-term. I would have to agree that in some ways the market is like chess and in other ways it is not. It is similar to chess in the respect that you really need to plan and think through possible outcome before you make a move. You must already know worst-case and best-case scenarios, and have in place contingency plans if things go against you. For example, on the morning of a big trade you would want to plan a strategy of attack and also an exit plan. Then you enter the trade. If it goes how you’d hoped, great. If it turns against you, however, you’re already prepared and know exactly when and how to exit to minimize losses that could hurt you long-term.

]]>