Dec

9

 One is a terrible chess player. I can't seem to see all the tactics the way I do in checkers where in thousands of games I have never fallen into a trap, whose traps are at least as complicated and difficult to unravel as chess. However, occasionally I try to play a game online so I can help the 9 year old son in his games. When I do, I always find it takes me about 15 minutes to gain a base of operations for the trading. You see, the clicks are so similar. You move it up, and your opponent moves it down, and you both try for the same square et al. I believe this is the real similarity between chess and markets. The opponent is the same, and he's always trying to take the center from you and forcing you to the side et al.

Jeff Watson writes: 

In any free market transaction you need to have a handle on the inside of the mind of the opponent, just like you need to know the motives of the counter party to any trade of size you have on.

anonymous writes:

In chess and trading during these conflicted times one must:

focus on the process

keep their fears and anxieties in check

not worry about unseen threats they can't control

understand the nuances of conflict

center their decisions somewhere between "instinct and reason"

not defy the lessons of history

A game of chess is pure. It is a free market with a level playing field and a product of spontaneous action, not human design. Unfortunately, one cannot say the same in reference to the markets.

Nigel Davies writes:

It's simply a question of practice. My son Sam was far from being a 'natural' with chess tactics but after doing 70,000+ chess puzzles he's not at all bad. There's a nice example here starting 24.Nf7+.

The real beauty is that of systematic practice turning into mastery. Here he dispatches a stronger and highly experienced opponent with very good strategy and controlled tactics at the end, not bad for a boy who was bottom of all his classes a few years ago.

To master something it's important to break down the required skill into component parts (for chess you have tactics, strategy, endgames, openings and psychology) and work on each of these. Then the component parts need to be brought together via competition. Simple but it requires time, discipline and staying power.


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