In my Thursday report to members, I talk about the current market, making adjustments and poker:Before we begin, let me compare what's going on now to poker. In Texas Hold'em, the best hand pre-flop is pocket Aces. Most players try to get as much money into the pot as they can when they are dealt... Continue Reading →
SFK Trade, Partial Exits and Poker
I received a number of similar questions about the SKF and Poker posts:How did you determine your partial profit target for the SKF trade; and when do you decide to use a full exit versus partial exits? I like to use partial exits when major resistance is more than 10 percent from my entry. This... Continue Reading →
My Worst Poker Hand and a Trading Lesson
Last night I was sitting at a hold em table with a 10/20 blind and started with $3000. After about an hour, I was up to about $3600, without having played any big hands. Then I got the hand we all wait for, pocket aces in good position. The guy before me raised the pot... Continue Reading →
OT: Poker and the $5915 Hand
Today I won the second biggest pot in my relatively short poker playing career--$5915. Some of you may think I was crazy to call all-in with a two pair, but my bank roll could easily cover the loss and I had my opponent on a flush draw (he had made this exact same move an... Continue Reading →
Paul J Singh 