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  1. M

    Zen and The Art of Trading

    "POKER RULE#48: Become aggressive within the opening that appear... Note how much more efficiently is the energy expended by the better players - projecting it deftly into openings they see between their opponents, and if none exist, remaining stationary or fallback. Their energy either...
  2. M

    Zen and The Art of Trading

    POKER RULE #47: Fit yourself into the flow of the game... Some players approach the game of poker simply as a game, the way you might play Chinese checkers, or Old Maid. They can be observed playing their own cards and nothing else, staring hard at their hand, brows furrowed, never glancing up...
  3. M

    Zen and The Art of Trading

    "POKER RULE#46: Wait for your turn." Is this the setup in your plan? Is the market conducive to your type of trading? Are you focused enough to trade? Or are you tired? It is important to monitor overtrading. I was not going to spell it out for everybody because people should at least...
  4. M

    Zen and The Art of Trading

    "POKER RULE#45: Observe the rhythm of the wall. When your opponents are all bettnig away very strongly, smoothly, and confidently, the good cards are distributed away from you. Picture it as a wall, one that goes up on one side of the table and comes down on the other. Ask yourself where you...
  5. M

    Zen and The Art of Trading

    "POKER RULE#44: Join the rhythm" The rhythm in the market is best driven by emotions. Dance with the rhythm and let the market lead you.
  6. M

    Zen and The Art of Trading

    "POKER RULE#43: Be wary of pushing forward aggressively when encountering resistance." This goes along with the concept of non-coercive trading. You don't fight the situation. The cheetah waits only for the weak prey even though it is capable of catching any animal. Besides external...
  7. M

    Zen and The Art of Trading

    One of my teachers said, "When you do your Buddhist practice, bad things and situations can happen. Just like in the cold winter, you put on more clothes. You don't give up but practice even more diligently."
  8. M

    Zen and The Art of Trading

    "POKER RULE #42: Your biggest opponent, and worst enemy, is always yourself. Years of experience eventually teach you that your main battle, always, is with yourself - your propensity for errors, for rationalizing marginal hands into good hands, lack of concentration, misreading other players...
  9. M

    Zen and The Art of Trading

    "POKER RULE#41: Master yourself, not the game... In many poker games you will play in, the skill level of all the players will be approximately equal... Therefore, the main edge that you have will be the mastery of yourself... Occasionally players who play well and who are generally in harmony...
  10. M

    Zen and The Art of Trading

    "POKER RULE#40: Play "within yourself." Like an Olympic runner who learns to run "within himself," you will eventually become comfortable inside your knowledge of the game. You will cease striving; the clouds will disperse, the sun comes out... But your goal as a player is to reach the point...
  11. M

    Zen and The Art of Trading

    "POKER RULE#39: When you take your emotions out of the game, other players' emotions become visible. When we are focused exclusively on our own emotions (as we often are), the emotion of others tend to be obscured. When we make ourselves neutral, however, we find that the canvas suddenly...
  12. M

    Zen and The Art of Trading

    "POKER RULE#38: Don't accept your opponents' idea of nervousness. Sometimes you are in possession of calm and composure but your opponents unwittingly suggest - or project - a kind of nervousness upon you. This odd condition, which might be called "sympathetic nervousness," falls under the...
  13. M

    Zen and The Art of Trading

    Was I writing about trading or was I writing about life? Statistical traps can screw people up in trading and in life. For example, taking marginal trades can be compared to taking drugs. Both may make one feel good for a while but they will destroy the person over a long run. Some people...
  14. M

    Zen and The Art of Trading

    "POKER RULE#37: Nonattachment. The idea of attachment, in Buddhistic terms, means the linking of our emotions with something that we want - some desired object or outcome. The stronger this connection, the more discontent when we fail to achieve our ends (as well as desperate steps taken...
  15. M

    Zen and The Art of Trading

    "POKER RULE #36: Don't take the game personally. The poker gods are not out to destroy you personally (although it may somtimes seem that way). The game itself is as neutral and mechanical as a roulette wheel, a church raffle, or a lottery ball drawing... To repeat: players often think that...
  16. M

    Zen and The Art of Trading

    Perhaps whatever appear win/loss, hope/fear are all mere reflections of one's own mind. Even though one feels the elation and pain, one should remind oneself that the trades are simply part of a long statistical run and put thing in perspective. Never be too hard on oneself, the only good...
  17. M

    Zen and The Art of Trading

    "POKER RULE#35: Develop a true indifference to the game. George Leonard writes in Mastery that mastery's true face is often "relaxed and serene, sometimes faintly smiling." You sometimes see this with good poker players - a kind of smiling, ironic indifference to the vicissitudes of fate and...
  18. M

    Zen and The Art of Trading

    Thanks. I am doing that and it's not pretty. Most of the problems comes from being too skittish... that was how I was taught (bad habit) in the beginning. I am more moving toward level (zone) trading somtimes. I am well aware of my problem. It's what I call "pigeon-hole" theory. If one...
  19. M

    Zen and The Art of Trading

    Thanks, I have a simple trading plan with rules not conflicting each other. But I had a bit of trouble before. There was one setup potentially running into another and I put some filter on one. But I am still thinking making it better and more idiot-proof.
  20. M

    Zen and The Art of Trading

    "POKER RULE#34: Detach yourself emotionally from the game." "Please don't think... that I am showing off when I say that I know the secret of how not to lose but win. I really do know the secret; it is terribly silly and simple and consists of keeping one's head the whole time, whatever the...
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