One wonders if the structure of end games in chess and checkers might be useful for aids to proper money management. The pawn chain and the triangle are very good in both games as is having the move. This would correspond to putting on your positions in stages, and constantly forcing your opponent back respectively. Too advanced a position would expose your pieces in both games to attack. The isolated pawn would correspond to a single limit order left way away from the market. The holes in your position where you could get stopped out. Fisher always said he liked to be able to grab all his pieces, not keep them disparate. This might correspond to trading only a single market. Nigel recommended Pandolfini's Weapons of Chess as a guide to proper pawn play, and Kmoch's book Pawn Power I got for Aubrey but it was too complicated for both of us to understand. The end games in chess are very similar to most checker games. I hasten to add that I am a very poor chess player, but I am trying to learn so I can help Aubrey.

anonymous writes: 

It can be proven both theoretically and using empirical data that it is sub-optimal to only trade a single market. Or put another way, diversification is the only free lunch.

Are you challenging this conventional wisdom?


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