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My impression is that there are a few really big games going on right now on the internet. I haven't paid much attention to where they are at-- possibly on Pokerstars or Ultimatebet. These include some well known names- Phil Ivey is one, and another is a player who goes by the nickname of...

You need to be two people-- one is the guy who is doing it, and the second is the guy who steps back and watches the other guy from a slight distance and evaluates whether the first guy is too tired, too upset, too unfocused, too much on tilt, etc, to be sitting at the poker table, trading, or...

There is a parallel here with sports betting. You see people sit down, bet 10, 12 college football games, or even more, 15-20... By contrast, the top sports bettors, the guys who are really good at it, how do they do it? They look for 1 or 2 plays out of the 30 games, and that's all. They're...

Very dangerous indeed. Poker player (and author) Mike Caro came up with a theory he calls the "threshold of pain"-- which may apply to trading as well as poker. The idea is that it's possible to have a terrible session and then get to a point where, if you lose a lot more, thousands more, from...

This might seem like a ridiculous subject, but it is not. The same mechanism (IMO) is involved in the worries/ fretting /job anxieties/ can't sleep nexus. I like the 'clouds come and go' approach myself-- let it pass, don't hang onto it, don't "build a bank" out of it, and fasten on to it...

Just recycled from things I've read. Strange images which pop into our heads (What if I blew up the office? What if the secretary and I ran off together to Martinique? etc.) may be just (A) The way God made us, (B) signs of an unregulated racing mind, or (C) actually signs of a creative mind...

Hm, cool. And well written. One thing that jumps out at me: strange images like that which jump into one's head are an occasional manifestation of anxiety. Serendipidously, when anxiety lessens-- whether from Buddhism or other solutions-- the images tend to disappear. One...

To play for a living in real games would virtually require moving to somewhere like Vegas or Foxwoods-- since you'd be doing it for a living, you'd need a constant game, and constant availability of games. Online poker has the advantage that it's always there, always available. Ease of use is...

These sites seem to be quite democratic, even-handed and 'equal opportunity' when it comes to this sort of thing. If you are making money hand-over-fist on one day, you can take it to the bank that a day is coming-- & probably sooner rather than later-- when things are going to go the other...

But someone might say: True skill is taking more than the cards give you. But for most of us, we ought to be content to take what the cards (or trading) are giving us, not try to over-stretch it, lest we start going backwards in the other direction from over-reaching...

Yeah-- don't give up, throw up your hands, and join the opposition against yourself. Like a basketball team in a dire situation which suddenly hits a bunch of "3's" right at the end and ekes out a win, at the buzzer. It CAN happen. Don't rule this out by certain actions you...

I just got out of a poker tournament about 20 minutes ago in which good things happened to one player right at the end. He was down to just a couple chips, in about 7th place, and came all the way back to win it. The heavens magically opened up and the good things suddenly came in bunches...

Hey, Virtuoso-- Thanks for the kind words on the books. I play both cash games and tournaments. The current poker boom has created a range of tourneys all over the country, as you know, though frankly, it's getting hard to even get into the bigger tournaments. And by that I...

Very few people are actually going to do this, of course-- skip the last two hours of the game-- any game, poker or trading, or anything else. But it makes the point that time-running-out or impulsiveness or tiredness or simply cutting-corners mentally, at the end of the day, can lead to doing...

I would say here, if you're having the kind of day where things are really annoying you-- other drivers, standing in line behind people, various obstacles keep popping up and you're not dealing well with them-- it's important to note this tendency in yourself. Because this attitude is also...

It's more general-- and less mysterious-- than that. Like meeting the people here, which I never would have otherwise. Larry Phillips

It sounds to me like one part of this is steeping yourself in the process and gaining a ton of experience, and the other part is tinkering with, and tweaking, the machine, and you are the machine. Larry Phillips

Hey, Roberk—tough question, excellent question. I answer it personally by knowing that the people I’ve met, the times I’ve had, etc, vastly outweigh the bad stuff. There are bad aspects, but you have to remember, you’re still consciously in charge of your life. You can...

To me it's kind of like, just because everything is going to hell around a person, in all quarters, and from all sides, doesn't mean a person has to join in against themselves. This is one trend to buck-- not get on board with. Larry Phillips

Yeah-- okay, so events have taken you off your game, you're off your rhythm, well you can still use common sense, take things one step at a time-- even if ALL your other techniques seem to have briefly flown the coop-- no law says you have to raise the white flag and unravel completely. Focus...