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- 9 June 2011
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Re: Beginner's Blog
So my blog is really boring given that all I’m doing is cutting my teeth with Ninja trader and reading in my spare time so I thought I’d jazz it up a little by rambling on about poker for a bit.
I used to do pretty well from it, I was always measured and I was lucky enough o stumble upon some good resources and sources of knowledge at the start of my journey.
I used to play mainly tournaments (for those who don’t know this is where each players starts with a certain amount of chips, playing down until only one player remains with all the chips). Always No Limit Texas Holdem. It was good fun. I miss it. I used to play 12-15 games at once (I played mainly online) and on a given day I could easily play 50 tournaments in a session.
I never used to play outside my limit, for example you should only ever play with a very small percentage of your overall bankroll (like 0.5% per tournament, probably less). It’s amazing how many guys I saw go on a run and then blow themselves up, only to redeposit, rinse and repeat.
My playing style was pretty tight/aggressive but I always played to the numbers. Everything in poker is about expectancy. Just because it was the wrong decision this time or the outcome didn’t go your way this time doesn’t mean the decision is wrong. I think a lot of the skills I developed in poker can be used in trading. At least I hope so.
----------------------------------------------------
On the trading front for myself there hasn’t been much doing at all. I’m waking up 1-2x a week early before work and effectively ploughing through indicators, learning how they work, not because I think I’ll use them all but because It’s handy to know how they work and it will improve my learning. I’m still pretty useless with NT for now and this is something I HAVE to work on.
I’m going to either hire or buy that Nick Radge book (Unholy grails?) and I’m also going to order one of the Howard Brandy books - Quantitative trading Systems. TH or T/A if you guys have any other suggestions please let me know.
This is a really long road, perhaps even longer than I had anticipated but I am VERY confident I will get there. My motivation is strong but I’m not sure it’s where I need it to be. I’m not sure why I should need motivation to learn something that could potentially save me from ever having to work another day in my life.
So my blog is really boring given that all I’m doing is cutting my teeth with Ninja trader and reading in my spare time so I thought I’d jazz it up a little by rambling on about poker for a bit.
I used to do pretty well from it, I was always measured and I was lucky enough o stumble upon some good resources and sources of knowledge at the start of my journey.
I used to play mainly tournaments (for those who don’t know this is where each players starts with a certain amount of chips, playing down until only one player remains with all the chips). Always No Limit Texas Holdem. It was good fun. I miss it. I used to play 12-15 games at once (I played mainly online) and on a given day I could easily play 50 tournaments in a session.
I never used to play outside my limit, for example you should only ever play with a very small percentage of your overall bankroll (like 0.5% per tournament, probably less). It’s amazing how many guys I saw go on a run and then blow themselves up, only to redeposit, rinse and repeat.
My playing style was pretty tight/aggressive but I always played to the numbers. Everything in poker is about expectancy. Just because it was the wrong decision this time or the outcome didn’t go your way this time doesn’t mean the decision is wrong. I think a lot of the skills I developed in poker can be used in trading. At least I hope so.
----------------------------------------------------
On the trading front for myself there hasn’t been much doing at all. I’m waking up 1-2x a week early before work and effectively ploughing through indicators, learning how they work, not because I think I’ll use them all but because It’s handy to know how they work and it will improve my learning. I’m still pretty useless with NT for now and this is something I HAVE to work on.
I’m going to either hire or buy that Nick Radge book (Unholy grails?) and I’m also going to order one of the Howard Brandy books - Quantitative trading Systems. TH or T/A if you guys have any other suggestions please let me know.
This is a really long road, perhaps even longer than I had anticipated but I am VERY confident I will get there. My motivation is strong but I’m not sure it’s where I need it to be. I’m not sure why I should need motivation to learn something that could potentially save me from ever having to work another day in my life.
