About Risk/Reward iPhone App
RiskReward is an financial application for your iPhone and/or iPod Touch that allows you to calculate how much risk you are taking when you buy a stock using a trailing stop. You enter a buy price, trailing stop, number of shares, and cost to trade (buy and sell), and the app calculates how much you will lose if the price goes down to your trailing stop (1R risk), and then how much you will gain if the price goes up 1 – 10 times the amount of the trailing stop (1R – 10R profit).
Even though the current market is going “sideways”, there is still a lot of money to be made in the stock market. However, you have to be smart about your stock picks, and using a trailing stop and knowing the risk and potential reward of each trade is essential if you are going to be successful.
This app was inspired by Van K. Tharp’s Book, Trade Your Way to Financial Freedom
Comments
Sponsors
Add New Comment
Thanks. Your comment is awaiting approval by a moderator.
Do you already have an account? Log in and claim this comment.
Add New Comment