Chess player's rules of thumb. Can it help in cryptotrading?

in #trading7 years ago

All right, folks! Let's get started.

  1. First, think - then make move.
    When the move is made it's already late to search the reasons.

  2. The "bad plan" is better than "no plan".
    If you do not have a plan, you cannot implement your strategy. You need an idea to become a winner. Where are you going to push or where to hold? Decide it first.

  3. Think few steps ahead.
    The opponent will not be able to surprise you, but you will be ready and prepared for every course of events. The expert player can see up to 20 moves deep.

  4. If cannot do right right away - prepare.
    Do not abandon a good, if currently, it is too dangerous to act. Minimize risks by preparing the good move.

  5. Do the right thing and no matter, what happens.
    The most important is to make a proper assessment of the situation and chose the best option. Do not let the fear of losing blind you. Do your best in every situation. If the best option is to risk - you need to risk.

chess-316658_640.jpg

Can some of these be helpful in trading? Please share your thoughts!

Good luck!

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These rules should be allocated on the screen, in front of the eyes of every Trader. Plan, Strategy - is the key to success in ever aspect of our life

Thanks, however, I have some points:

  1. Bad plan is bad. The best alternative is rule 4 and 5, however, rule 2 does not fit with them!
  2. To my knowledge, the best chess player can calculate no more than 8 moves deep (20 is very very big number, not a few step ahead)

Thanks again!
Wish you all the best.

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