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"POKER RULE #68: Higher betting levels often induce a new emotional range on players' faces... You would have some serious misgivings at each step along the way that he would be quite used to watching for. Players always watch other players' faces in poker, but they often become billboards...

"POKER RULE #67: Learn the language of betting... Use betting as a probe, to ask for reactions (and don't forget to watch for reactions when you do this). If an opponent has a better hand than you, he will generally let you know." Sometimes after a trade is entered and before the trade goes...

I think one hour is too much. I prefer doing it for 20 min to half an hour. I took the layman's approach because I don't want to spend hundreds of dollars. So I got a book called "Instant Hypnosis" by Forbes Robbins Blair who takes advantage of the fact that we hypnotize ourself all the time...

Knowing the rules is one thing. Internalize them is a different matter. I try to meditate and reflect a few vital points with detailed examples for a few weeks and then deepen them with self-hypnosis. My old habits still creeps back but I think they are more manageable. The last rule I...

Nice. Thanks. :)

Actually this belief was passed down for three generations. My mentor friend passed it to me and he got it from his mentor (None of them got paid a dime). I think he is right though if you look at the daily chart, how many large candle bars are there relative to other bars (except for the past...

I believe S&P in general is an efficient mean-reverting market with large swings. Taking profits early actually reduces the time spent in the market and the chance of your uncle point being hit. Having said that I don't want to screw people up. The other reason is because I choose to use...

I prefer extra MSG over heavy salt:

"POKER RULE #63: Play tight and defensively until you have something - then bet a lot... For it to work, you have to keep doing it, not get swept up in the action and let it slip from mind... Would it be fair to the other players in the game if everybody had to put in $40 or $50 whenever you had...

Really tough... but it also has to do with what market you are trading and account size too. I think to always expect a large move for stellar setups would incur sizeable drawdowns in a small account trading ES. Maybe some very good trader out there would tell me otherwise. Some of us really...

"POKER RULE #64: Minimize your losses; maximize your gains. The majority of players could significantly improve their game by folding more often when they have bad cards and betting more when they have good cards... For some unknown reason, in this (as well as other areas of life), the average...

This is my mantra. If you pleasure yourself (taking marginal trades), you can't read the market. And yes db... I think this is how I poke myself in trading. Here per your suggestion: "POKER RULE#101: Don't masturbate or you can go blind." Not from the book but it does sum things up...

Don't masturbate or you can go blind! :D

There are definitely great moves this past weeks as the funds stuffing/unstuffing the Turkey but some of those long whip-saw consolidations also throw me off. Usually I watch time to confirm possible trend reversal but for the past two days, it just add to the confusion. Maybe it is better to...

"POKER RULE#63: You're never going to win at poker by calling... Good poker hands are like a powerful lever that can be used to move a large boulder, but it is left unused... The point of the scene is the need for aggression when you have a good hand - not inertia and passivity." This is...

Good advice on what to do when there is no rhythm being detected on the timeframe being traded on! Never force an opinion (prediction). It is only natural for the market to move in a way to cause the most amount of pain because its momentum has to be fueled by the emotions of being wrong...

My weak interpretation of (2) is to detect the true rhythm of the market and don't fight it. On the very coarse level for a pullback trader, maybe to go with the larger trend and waiting for the short-term trend to exhaust. Yes, it takes some skills and conviction and being too "soft" may end...

This is to remind myself for tomorrow (actually today) and share with the few souls who struggle like me. I don't think I can do any better than this: In Lao Tzu's Dao De Ching, his philosophy in both life and government prefers inactivity, non-coerciveness and self-lessness. These...

Absolutely, I am winning lottery everyday (by not playing). :)

Yes, maybe I am forcing the similarities just like forcing the trades. I had good profit this morning and was not going to trade the afternoon. But I felt good so I go in anyway. You know I have been talking, meditating and self-hypnotizing this "don't try to will some number" thing for a...