Baggerlords Journal

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So far this is a slow week. No trades, maybe things will pick up tonite.

I closed my poker account at $600. I did some math and realized I've been getting very lucky. I should only be averaging about $10 an hour but I have been making 30. I don't like it enough to play for $10 an hour and could see myself getting hooked on it. I have better ways to spend my time, and all the money is going to my currency account, which is what I need to focus on.
 
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So far this is a slow week. No trades, maybe things will pick up tonite.

I closed my poker account at $600. I did some math and realized I've been getting very lucky. I should only be averaging about $10 an hour but I have been making 30. I don't like it enough to play for $10 an hour and could see myself getting hooked on it. I have better ways to spend my time, and all the money is going to my currency account, which is what I need to focus on.
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How do you know your math is right?

What must your math say you should make trading for you to convince yourself you've been getting very lucky? :p
 
Thinking about playing some more poker after I read a few books. I can beat the higher tables if I get a little better, and then the money will be decent. We'll see.

Positions: L USD/JPY, Short USD/CHF and AUD/USD
 
Took partial profits on the CHF, and still holdind JPy down from my entry. I am at just under breakeven though because I have been trading around the position a little. Up about 10% for the week between open and closed positions.
 
I think I am going to hold longer. I make more money when I do, and it is very stress-free. Maybe I will even start using monthly charts, play for the big 1000+ pip moves. I started another poker account with $100, ran it up to 220 in about 6 hours over the last two days. I think I am good at poker and it takes away my urges to daytrade. Kind of like a nicotine patch for a wannabe daytrader. Maybe I am starting on one of those year-long lucky streaks I have heard about. Keep your fingers crossed.

That is all. I might not post much more here, as there hasn't been much in the way of any discussion here lately. Maybe people aren't interested in currencies or poker, maybe I am boring, or maybe I am a dick.

People seemed to enjoy it a lot more when I was make 100% and then losing 50%. More entertaining I suppose. This 4% stuff is boring I know. :D Perhaps longer term currency picks can generate more interesting discussion, and hopefully more money. I'll start making them after work tonight.
 
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Stopped out last night, all positions are closed, up about 4% for the week.

The mountain opens in under two months. :)
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Whistler got it's first snow of the season on the mountain a couple of days back. :D
 
Quote from corvus:



Whistler got it's first snow of the season on the mountain a couple of days back. :D
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It is still summer here but people keep telling me that when winter hits, it hits hard.

I think I figured out why I am doing well at poker. I am not winning any more than my fair share of hands, but when I have good stuff I am really jacking the pot up. That is why. Good to know. :) I'm not going to take any money out this time, I want to see how high of tables I can keep winning on. If I can do what I am doing now on the $3/6 I may have just found a career. We shall see.

Currency analysis still to come, I'm busy playing poker right now.
 
Quote from baggerlord:



It is still summer here but people keep telling me that when winter hits, it hits hard.

I think I figured out why I am doing well at poker. I am not winning any more than my fair share of hands, but when I have good stuff I am really jacking the pot up. That is why. Good to know. :) I'm not going to take any money out this time, I want to see how high of tables I can keep winning on. If I can do what I am doing now on the $3/6 I may have just found a career. We shall see.

Currency analysis still to come, I'm busy playing poker right now.
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If you have an edge playing poker.... and it looks like u do... dont stop until you make a million. Just ride the poker thing as far as u can. Trading will always be there.

Money is still money.. whether u make it via poker or trading.. in reality u are still gonna be stuck on your PC clicking buttons all day regardless of whether u trade or play poker.

Only problem with poker is that its embarassing to answer if someone asks you how u make a living. But hey... its cooler than being a Dentist.. lol



--MIKE
 
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