Market Talk with Piranha is currently moving to its new home at chrisperruna.com. The new site is up and running but many of the posts need editing as the images and stock charts did not transfer successfully (thanks blogger). I will post all new entries to both blogs – Thank you for your patience while I make this change!

Friday, November 10, 2006

How the Poker Craze can Help you Trade


As promised, I have uploaded the excerpt of my article from the latest edition of The Trader’s Journal.

The article explains on the basis of position sizing and expectancy and how poker has made me a better trader.

Enjoy:

How the Poker Craze can Help you Trade
Piranha

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1 Comments:

At 10:40 AM, Blogger D TradeIdeas said...

A great article - your comments on positive expectancy are the genesis of our latest add-on tool for Trade-Ideas called, The Odds Maker. We too have come full circle to appreciate the similarities between trading and poker.

Our idea for The Odds Maker came from watching poker on ESPN. As the odds changed for each player's hand with every card of each turn, we realized this kind of information (illegal in the casinos) was absolutely needed by traders to create a positive advantage. I would love to hear your thoughts on what we've done 'under the hood' of The Odds Maker, if you are interested. Again - great job.

 

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