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Risk/Reward

Risk/Reward
  • #: 21075
  • Price: $0.99 In Apple Store
  • Category: Finance
  • Updated: 2010-06-05
  • Current Version: 1.5
  • 1.5
  • Size: 0.00 MB
  • Language: English
  • Seller: lucas Rockwell
  • Requirements: Compatible with iPhone, iPod touch, and iPad. Requires iOS 3.1.3 or later
  • © Lucas Rockwell
  •  Add to Favorite apps

 

Description

RiskReward is an application that allows you to calculate how much risk you are taking when you buy a stock using a trailing stop. You enter a share price, maximum loss/share, number of shares, and cost to trade (buy and sell), and the app calculates how much you will lose if the price goes down (Calc: Long) or up (Calc: Short) by the amount of your maximum loss/share (initial 1R risk), and then how much you will gain if the price goes up (or long) or down (for short) 1 - 10 times the amount of the initial risk (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", which I highly recommend.

What's New in Version 1.5

As requested by a very dedicated Risk/Reward user, version 1.5 now calculates results to 3 decimal places, which allows you to put in values like .009 for Share Price, .001 for Max Loss/Share, etc.

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Risk/Reward iPhone Screenshot 1

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The information may be outdated (2011-03-28 00:05:41). For actual information go to iTunes


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