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iTradeAnalysis:Improve Trading

iTradeAnalysis:Improve Trading

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$4.99
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Size : 0.2 Mb
Language : English
Compatibility : Compatible with iPhone and iPod touch
Requires iPhone OS 2.0 or later
Current version © 2009 Sudeep Chandra :
with 0 ratings

All versions :
with 0 ratings
What's New :
Memory management bugs fixed.
Welcome!
iTradeAnalyst is a tool that can plot the psychological data related to any kind of trading, stocks, bonds, futures, etc. Through a convenient spin wheel selection you can see how different parameters relate to each other in a trade. Can be immensely useful to see what you need to improve upon psychologically for you to boost your profit (P&L or PnL) and analyze different psycho factors while trading.

User Manual

Main Page: Here, you can tap the top right button 'Add' and a new strategy will be added. Tapping on a strategy row will bring you to the trades page, tapping on the detail button in a strategy row will bring you to the analysis page.

All trades page: Once you come to a strategy page, you can tap the add button to add a trade. A trade with the current timestamp will automatically be added to the top of the page. Tap this row and you will come to the page that defines the strategy parameters.

Trade page, here you get to define all the subjective psychological parameters. Use the thumb to slide. Saving the data is automatic.

Main page again: On the main page, tapping the detail button on a strategy row will bring you to the scatter chart page.

Scatter chart page: Here choose the parameters and you will be able to see how the scatter chart looks like. Each number will represent the PnL in a trade. Easily you can see the nexus of any two emotional params that affect your profit and loss.

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** EXAMPLE USE **
Suppose you are someone who likes to put in trades using popular websites for day trading. Let's say you trade the Microsoft stock. With this scenario in mind you will do the following:
1. Have a strategy name by MSFT.
2. Tap on MSFT strategy on main page to go into the trades page, hit add.
3. Now on the parameters page with various sliders, position the slider thumb for each of the parameter. How fearful you feel goes into fear, how greedy you felt (how compelling was it for you to put the trade) goes into greediness. If you follow a rule then you will define to what extent you followed the rule and how effortless (or how hesitant) it felt into trade execution quality and how much you made from that trade (or lost) goes into profit and loss.
4. Over a period of time, you can see how for a strategy you fared between various parameters. Maybe whenebver fear has been high you lose money, and similar conclusions can be drawn.
5. For each person these findings can be unique.
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Parameters that you plot:
Fear, Greed, Trade Execution, Trading Rules and Profit&Loss.

If you trade stocks, forex, futures or any instrument, then this tool could be valuable.

Good Luck.

iTradeAnalysis:Improve Trading
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