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Great summary! Another gem. :) This internal rhythm concept makes me feel like catching smoke sometimes. For trading, there is definitely a rhythm in the market. Sadly it was explained by a friend that market rhythms are most apparent and reliable when different people got caught "bad"...

:eek: Thank you for a great great book. In terms of content, it's like a fresh breeze comparing to most trading psychology books out there. In terms of integrity, your books are peerless. (I was really bothered by another author ripping stuff off from other sources and claims it to be original...

I got mine sitting on the bookshelf too. :( Believe it or not, they applied the I-Ching philosophy in calendaring and medicine. Things started working in a very precise manner. There is some power there beyond the fortune cookie crap. :confused:

"POKER RULE #83: Don't steam. Steaming, in poker parlance, is what happens when your queen's-up full house loses to a king's-up full house, or when your four kings lose to four aces... Use the time usually devoted to steaming to go back over the hand in your mind to see if you missed...

"POKER RULE #82: Be very careful when you are flush with money from a big win... Ten Feet Tall and Bulletproof (otherwise known as Flush with Money), is one of the most dangerous conditions in gambling - the state of being ripe for a fall is so ripe that it's almost off the chart..." The...

"POKER RULE #81: Your edge is small. Remember always that any edge you have is a small edge... Your edge is a very subtle shading or gradation. Treat it humbly. The rule always: Humility!" The edge of any method is small and any chaos created by taking marginal trades can be detrimental...

"POKER RULE #80: Don't become overconfident. By overconfident I don't mean cocky, superior, pompous, self-important. I simply mean a quiet inner conviction that "probability can't get me anymore, I'm just too good." Dismiss pride." As past Dzogchen teacher Longchenpa adviced: Don't fall...

POKER RULE#79: Don't refer to your past as somehow giving you an edge. "I just came from playing Hold'em for two years in Las Vegas" is typical of the kind of self-referenced edge you sometimes hear... Most forms of self-pride come to grief in the game of poker." We need mental closure for...

"POKER RULE #78: Don't rest on your laurels. We have no laurels. The war starts over each time. Don't be overconfident of your poker skills and expertise at any time..." Focus on one trade at a time. If the premise of the trade deteriorate, don't stick around hoping to lucky. Yes, there...

You might notice that I am posting two rules a day now so I can finish the book before the New Year. As dbphoneix points out that the latter rules might not be as relevant to trading. Nevertheless doing this thread has been helpful to my own development: 1) I used to knock on every door I...

"POKER RULE #77: Don't brag." Bragging does nothing but increase expectation hence hope and fear. Worse if you try to prove something to someone. There goes the emotional roller coaster. My mentor friend told me not to be cocky after good trading or I would be more likely to take a trade...

"POKER RULE #76: Join the flow. A person who is outside the game - a newcomer, let's say - once he has played a few times is welcomed inside, and joins the rhythm and the flow... Once this player is welcomed into the interconnectedness of the flow, a more Zen-like rhythm is reached for all...

"POKER RULE #75: Play on your second set of emotions, not your first... Your hunches, your intuition, your gut feeling of where you are at in a hand, your feel for the situation. Oddly enough, most players seem to have no qualms whatever about pushing all their chips on their fist set of...

"POKER RULE #74: Try playing on instinct. As an exercise, try tuning off your thinking mechanism from time to time and going by your instinct alone... Playing by instinct is going to be wrong at times but doing it on a regular basis will purify the process..." This is one rule might not be...

"POKER RULE #73: Get to the point where you "put someone on a hand" and proceed on that assumption, then take the penalities that accrue from being wrong and the profits that accrue from being right. In poker, to put someone on a hand means you predict specifically what hand they are playing...

This might be true from the perspective of "absolute truth" to realize mental freedom. But from that standpoint, you would not care even if you blew up your account - you can't be hurt because you are free from all hopes and fears. At that level you are not even trading in the conventional...

"POKER RULE #72: As you become a more experienced poker player, try turning your game over to your instinct. The most important part of the above sentence is the first part: as you become more experienced. Do this too early in your poker career and it may backfire, usually with disastrous...

"POKER RULE #71: Know your game so well that you can act without thinking... The answer is: It is like playing music, or typing on a computer or typewriter. Do we consciously stop and think at every note we play or every letter we type? ... Practically speaking, there are a lot of situation...

"POKER RULE #70: Get out when everything is going against you... This is a good time to get out." There are times usually after a winning streak, I am feeling a hard time making a head way and end up with a scratch trade or two despite the good market opportunities presented. You can call me...

"POKER RULE #69: All other things being equal, big money can run you out of a game... For reasons cited above, big money can reveal your stress point in a game, your hesitations and doubts, and pour it on unmercifully with raises and re-raises to disrupt your game... Moral: Don't be...