Hi db, How's Thanksgiving? I agree with you. War-like metaphor can be problematic if the images in the head get someone to fight their way...
"POKER RULE#62: Good poker is not a gentleman's game, it is a war... It becomes a game in which you pick your spots, attack, and retreat...
"POKER RULE #61: Learn to read your opponents' voices" This may applied to someone using a squawk box service. I was told that a bunch of...
"POKER RULE #60: Determine whether an opponent is acting." Low volume, choppy market (low volatility) may be considered as the stage for...
pg 90: Never forget that you're not the only one who has problems. Your opponents have problems too. Play into their worst imaginings - don't be...
"POKER RULE#58: Don't out-clever yourself. Stick to basic poker most of the time. Keep the creativity (deliberately wrong plays) to a minimum......
I have taken this rule a little out of context (you would notice if you read the text) but I think it is important being a flexible trader. In...
The only way to turn the corner is to get rid of marginal trades. People can be wrong with their "good" trades and get trapped but one can...
"POKER RULE #57: Be flexible." Be flexible with the market read and yet not too skittish. There is a fine line between flexibility and...
"POKER RULE #56: Resist your first impulse. You may notice (by observing yourself) that if you get a good hand you tend to reach for your chip a...
"POKER RULE#55: Prolong the time spent looking your cards. Obvious, clear-cut, good cards lead to easy decisions. No player sits and stares at...
"POKER RULE #54: All hesitations are noted. The game of poker eventually reaches a certain rhythm in which, if you hesitate, it tells the other...
It just occurs to me there is a Chinese proverb of "hundred battles hundred wins" to describe someone who wins very often. Maybe Munehisa Homma's...
"POKER RULE#53: Include Failure in the System... Correctly played, therefore, poker is really a process of two steps forward and step back....
Actually this rule is really about pressing the gas when the odds are stacking on your side (other people got caught by the market bad). It means...
The Ten Commandments of Trading by Lewis Borsellino, "The Day Trader's Course", pg 13-16: Commandment 1. Trade for success, not for money....
Trading causes premature aging... I am getting senile. "POKER RULE #51: Learn to play up and down the ladder. Don't just downscale your bets...
"POKER RULE #52: Unlike many games and sports, poker has a third factor: the cards." In trading, we pick our cards, i.e. we wait until the...
POKER RULE#50: Adjust your game for how much competition you have in the hand. Many players play their cards exactly the same way every time,...
"POKER RULE #49: Pick your times of confrontation... There is a famous cautionary Zen quote that says: "When two tigers fight, one will be killed...
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