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  1. L

    Zen and The Art of Trading

    I did a book on Ernest Hemingway once. He said: "If you're good enough, everything is your fault." Larry Phillips
  2. L

    Zen and The Art of Trading

    I WROTE: Someone asked (above) how to "internalize" these rules so we don't do this sort of thing. My answer, sort of indrectly employed in the Zen book, is basically breaking down the logic you're using. For instance, if you view "inaction" as a weapon you are using, then you're changing the...
  3. L

    Zen and The Art of Trading

    Do you find professional poker players are streaky?? what I mean is .. have runs where they can not win consistently for a period of time no matter how good they are??? Oh, absolutely. Very streaky. I think I am a pretty decent poker player but have runs where I just can not do...
  4. L

    Zen and The Art of Trading

    Hi et user-- I'm not so sure there are great dissimilarities. First, remember, the best poker players are definitely playing with OPM. They tend to sit down at a game with $1,000 and within not too long a span of time have $2000 sitting in front of them. So on a basic level, they ARE...
  5. L

    Zen and The Art of Trading

    Yes he was. I recall that I went out there with another young guy, who met me there, who sometimes did errands for him. As we were leaving, Doyle flipped him a $500 poker chip and said, "Thanks for stopping out". He was smiling. Best, Larry Phillips
  6. L

    Zen and The Art of Trading

    I was saying to the wife just the other day, if I had to name somebody with the best smile I've ever seen, I think it would be Doyle. It lights up the room. Also, he doesn't do it all that often, which kind of underlines it when he does. It actually comes through on TV. Best...
  7. L

    Zen and The Art of Trading

    Hey, Roberk. Hm, how many professionals. Well, as you know, PartyPoker has about 40k-50k players logged on at any given time (not sure if that counts the play money folks). Also depends how you define professional. I think it certainly would be possible to make $100 or $200 a day...
  8. L

    Zen and The Art of Trading

    I'm not sure what drives the rhythm of what you guys do (by which, the mechanism, the market). To an outsider (me) it appears very random. (I.E. on Tuesday the Big Corp. announces good news and the stock goes down.) You certainly can't get yourself into some kind of "zone" and then attempt to...
  9. L

    Zen and The Art of Trading

    Thanks for the kind words. I don't doubt at all but what you guys would have a few things to teach me. There does seem to be a big similarity between trading and high stakes poker. I guess the message of the Zen & Poker book, if there is one, is that it is mainly about YOU. All the rest--...
  10. L

    Zen and The Art of Trading

    Now here's a forum I could definitely learn something from. Larry W. Phillips (Zen & Art of Poker) :D
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