How the Poker Craze can Help you Trade
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
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This blog serves as an internet community that aims to teach investors how think about investing by providing detailed market analysis using both fundamental and technical analysis. I invest my money by using solid rules that incorporate money management techniques such as position sizing, expectancies and cutting losses short! Through my philosophy and writings, I hope investors of all kind will be able to create their own methods and styles to become successful.
Labels: Articles
1 Comments:
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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