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"POKER RULE#33: When things start going right for other players and wrong for you, back off... Looking back at the end of the night, however, at how a losing streak was put together, certain things stand out, and this is one of them: we should have caught on a little sooner. It is important...

"POKER RULE#32: Learn how to avoid a losing streak... First, watch for any clues that you might be getting cold... One answer is: You weren't there until you were there. And then it was too late... But there is a second problem here as well: you can't structure your game around this sort of...

"POKER RULE#31: Don't get overconfident... Don't get overconfident, egotistical, arrogant. The reason: The Big Comeuppance (the Big Meltdown, the Sky Falling In, Your Worst Nightmare) can always be lurking around the next corner..." Overconfidence leads to carelessness and overtrading. As...

"POKER RULE#30: Don't expect a certain card to appear. Bad players do this all the time - expect the best possible outcome to occur - and then are crushed when it doesn't." Take what the market gives you. Play the probability for the long run.

"POKER RULE#29: Expect the worst - why gamblers are pessimists. By expecting the worst, you have already mentally dealt with it... The ability to see the dark side - what can go drastically wrong - and to have this view of things always within easy reach become an advantage in poker." It is...

"POKER RULE#28: Know the range of what is likely to happen to you in a game... For example, let's say the general monetary range of the game you play in is +$300 to -$300. These are the outside parameters of what you can expect to win or lose on any given night. If you know this going in, you...

Thanks for the recap! In Dao De Jing, Lao Tzu mentioned how the "MU" (non-entity) is what make "YOU" (entity) functional. He gave three examples: 1) The empty space where all the spokes of a wheel comes together. It is the space that allows the axle to rotate. 2) The empty space of a...

"POKER RULE#27: Know all the ways you can lose big... Some of the ways you can lose include: a total drought of good cards all night long and being nicked-and-dimed and anted to death; second-best hands all night; second-best hands alternating with bad hands in between; hands that start out good...

"POKER RULE#26: Learn from your mistakes... The Zen Buddhist would say that when we factor past lessons in for future play, losses are not losses, but rather stepping-stones toward future correct play. Failure, by its nature, moves us in another direction, away from failure. We need to treat...

No, thank you. I am always impressed when people hit a chord with the traditional lineages. It is pretty much a brief summary of pith instructions on tranquility meditation from the Mahamudra lineage of Tibetan Buddhism. The instruction on relaxing the arms and legs is from the Chod lineage of...

"POKER RULE#25: Operate out of wholeness. If you had to describe your toughest poker opponent, who would that person be? What qualities would he have?... Visualize this player. Then try to be this player. Work on making your game whole in this way, and as an opponent you will be difficult to...

"POKER RULE#24: Arrive with a system... It is not enough to rely on luck or hope to carry us past the weak parts of our game. These parts must be attended to. The system must be whole and complete... The weak parts must be corrected, or disaster will appear." It is important for me to...

POKER RULE #23: Practice. Practice in real trading. Practice with visualizations - replace the negative with positive.

One definitely must combine the skills and knowledge with the proper mindset and psychology. I was looking up Munehisa Homma the lengendary trader of Sakata, Japan in 1700's who started the theories of candlestick charting. Here is this guy who had a streak of 100 winning trades in trading...

"POKER RULE#21: See poker as a continuum that goes on forever... Forget any desire or eagerness to participate in the action... He chooses his best spots, wait until the odds are most in his favor, then takes hit-and-run chunks of money, after which he takes disciplined steps to withdraw once...

I have just run into this quote again. It is from Martin Schwartz's Pit Bull (at the conclusion of the chapter Pit Bull's Guide to Successful Trading): "I've said it before, and I'm going to say it again, because it cannot be overemphasized; the most important change in my trading career...

"POKER RULE#20: The true journey of mastery is in each moment... Writer George Leonard, in his book Mastery, refers to this as the "goalless journey." In other words: there is no finish line; the journey itself is the destination... According to Leonard, mastery lives within itself and the...

Thanks. Points taken. :)

Thanks for your input. They could be afterthought. At the same time, this is not somewhere out there but something very practical and applicable right now: Example for Wu-wei or actionless action, if I go into the market thinking I should make X amount today so that I can make Y amount this...

"POKER RULE#19: Discipline your game... it is more like patience - pacing yourself (especially emotionally) for the length of the game. This is the Zen concept of retaining composure being unaffected by outside forces. It is different than mere patience, however. It comes from a larger and...