+8 pips = $4.00

01.14.10

6 Trades

5W - 1L

I think I'm seeing evidence that picking up poker as a hobby is starting to positively affect my trading. In poker often times you must fold a good hand to a better hand. The catch is that you don't know if you're folding to a better hand when you make the fold. You're only going on your best guess. No matter how good a player becomes in poker they'll always be operating from their best guess and they'll always be folding to hands that they could've beat if they didn't fold. Finding yourself in a position where you're folding to a weaker hand is simply part of the game.

In trading often times after I get out of a position it keeps going in a positive direction. The catch is that I didn't know it was going to keep going in my direction when I got out. I'm only going on my best guess. No matter how good of a trader I become I'll always be operating from my best guess and I'll always be getting out of a trade that ends up going further in my favor after I exit. Finding myself in a position where I'm exiting with price continuing to move in my direction after I exit is simply part of the game.