Warning: session_start() [function.session-start]: open(/home/content/08/5010208/tmp/sess_k3dui72mvldmicaf8ikmu5dkk6, O_RDWR) failed: No such file or directory (2) in /home/content/08/5010208/html/learning-to-invest/index.php on line 2

Warning: session_start() [function.session-start]: Cannot send session cookie - headers already sent by (output started at /home/content/08/5010208/html/learning-to-invest/index.php:2) in /home/content/08/5010208/html/learning-to-invest/index.php on line 2

Warning: session_start() [function.session-start]: Cannot send session cache limiter - headers already sent (output started at /home/content/08/5010208/html/learning-to-invest/index.php:2) in /home/content/08/5010208/html/learning-to-invest/index.php on line 2
It's all about money management

money management
 poker image


Join my newsletter (learn more)       Money Management | money management    

About this site
Learn about investing in financial markets. I am trying to add new articles, information about inves...
Learn more

  • General
  •     Technical analysis
        Fundamental analysis
        Intermarket analysis
        Japanese Candlesticks
        Money Management
  • Stock market
  • Foreign exchange
  •     Forex strategies
        Forex Journal
  • Options
  • PAPER trading
  • Platform reviews

  • Investing blogs

    + The Visual trader
    + Commodity Trader
    + Market Rider
    + Stock Insight
    + The Kirk Report
    + Long Term Investment Strategies
    + Short-term trading
    + Wily Trader

    Forex for beginners

    + Play/test with $25

    Entrepreneur blogs

    + Guy Kawasaki
    + Business Advice Pro

    Investing Games

    + Investing Experience

    It's all about money management

    Tags -          

    Firstly, sorry for my recent inactivity. Have spent some time to work on my web projects, thecheers.org will be getting a total makeover within the next couple of days and I have also been playing poker.

    And from poker there are also my newly found obvious observations. It's all about money management. During the past month I have probably deposited ca $700 to poker. $50 at a time. At some point I got worried - maybe I have an addiction. But then to think about it - I don't believe in addictions, everyone can choose what they do and due to my current life schedule I chose to play poker at nights.

    At first I really spent all the deposited money within an evening and then deposited more in the next evening and so on. After saying no to the thought that maybe I have an addiction I started watching my game. And thinking about the reasons why I play. And the reasons were pretty clear. I'm a good player. Yes, overally I lost all the money, but there's two things - cash games and poker tournaments. Plus the issue of when I play and how long I play.

    But generally speaking, I'm doing rather good at tournaments. Take rebuy tournament with 3000 people, $3 buy-in and $40k total prie pool. More often than not I finish in the money. Once I finished on 16th place. Thus, considering poker is not gambling but rather a game of skill, this shows I do have what it takes to be profitable in poker. Of course, I need to work on my cash game plus also work more on my tournament play after 4-5 hour play. If someone is interested I can often be found in $3 rebuy tourneys under the name mediacurse in Poker Stars.

    When I play for too many hours, especially without a break, I start making stupid things. If I play when I feel shit I play because I have nothing else to do, again a time when I really shouldn't be playing. In addition there's couple of more things I have learning from playing poker.

    "Lucky streaks never last"

    "When you need it, take a break"

    "Take out the profit just a bit too early"

    "Money management is the key to making profits"

    In order to become profitable at ANYTHING you need to have a great money management plan. And it doesn't matter what we are talking about - business, poker or investing. The four things, including money management matter in all of them.

    So now, possibly within a week I will be making bigger deposits to couple of poker rooms including Poker Stars and I will also start trading with forex, just need to decide on a platform first and whether it will be fixed spreads or commission based ECN. Will most likely make a deposit of $5000 to the chosen forex platform. And before I actually start trading the money management will need to be in place. I suggest you the same.

    Now what? Digg it  |  Add to My Yahoo  |  Add to Google Reader  |  Add to Del.ICIO  
    Comments (1) / Link to this topic - http://www.learning-to-invest.com/

    investment advisory
    www.thedtscorp.com -

    Forex trading systems

    #1 Time-tested Forex trading system, with DOCUMENTED PROOF, that has the potential to turn $1,000 into $1,000,000 in just 24 months. Limited-Time Offer Price: $97

    #2 Powerfully Effective Forex Trading System That's Shocking Professional Traders Around The World......Completely Guaranteed To Generate 83-114-157 Pips A Week! Price: $97

    #3 Two Forex trading methods which have been hidden for years, known to only a small group of Wealthy Trading Elite! Grab 100's of pips weekly by spending only a few minutes a day at your computer! Price: $97

    #4 These Ruthless Trading Tricks And Tactics Instantly Transform You Into A Profit-Making Machine Scoring Wining Trades After Winning Trades. Price: $97

    #5 The AWARD WINNING "work from home" solution by someone who used to work for the Deutsche Bank as a forex advisor. Price: $198 (50% coupon available)

    latest submissions
          Volatility is your friend

          Tips from successful day traders, Part 3

          Tips from successful day traders, Part 2

          Tips from successful day traders, Part 1

          Make money not debt

          Make money not debt

          No skills? Free online trading school is there to help you

          End of month and need a loan?

          M&T e-Money Market

          5 Traits of Highly Effective Financiers

          Great forex product reviews

          It's all about money management

          What is going to happen next?

          Brutally honest analysis of yesterday

          USD at its lowest levels of 2 years

          Testing time, Day 3

          Testing time, Day 2 UPDATE

          Testing time, Day 2

          Testing time, Day 1

          My own trading plan

          Technical indicators - Aroon, ATR, CMO, ADX

          Creating a trading plan

          Results of the trading competitions and next week

          Trading rules - something new to think about

          Forex strategies: Short term strategy

          The game of probabilities

          What can you learn from poker?

          Elliot wave - guidelines for wave framework

          Introduction Elliot Wave Principle & Fibonacci ratios

          What does Straddle mean?

          Forex platform review: Easy Forex

          How to find and confirm a trend?

          Different look into trading and life in general

          Introduction to Swing Trading

          Introduction to 1-2-3 Trading Method

          More trading rules

          Candlesticks the importance of Gaps

          Sakatas Method / method of Munehisa Honma

          Money Management

          Candlestick Continuation Patterns

          Forex and intermarket analysis

          Candlestick Reversal Patterns III

          Forex strategies: The Sidus Method (EUR/GBP and EUR/USD)

          Forex strategies: Big Ben Strategy (GBP/USD)

          Foreign Exchange: Carry Trades

          Candlestick Reversal Patterns II

          Candlestick Reversal Patterns I

          Introduction to Japanese Candlestick Charting

          MACD histogram

          The Three Moving Average system

          Technical indicators: Williams %R indicator

          Technical indicators: Parabolic SAR (Stop & Reverse)

          Common sense trading rules (Michael Jenkins)

          Geometry for predicting market behaviour (Michael Jenkins)

          Emotional vs rational trading

          Competition: First Days thoughts

          Trading competition, 4 weeks

          Bollinger bands

          Relative strengh indicator - RSI

          Introduction to Intermaket analysis III - global markets

          Introduction to Intermaket analysis II related markets

          Learn to do your maths

          Introduction to intermarket analysis

          Introduction to technical indicators II

          Introduction to Technical indicators I

          Recognizing chart patterns II

          Recognizing chart patterns I

          More on volume & OBV

          Introduction to charts

          Learning from winnings AND losses

          What are sideways movements?

          Importance of volume

          Introduction to Dows Market trends

          Bull Market and bear market

          Who is Charles Dow and why should you know him?

          Stock background search

          Introduction to stock options

          Forex - pips, spread, margin, leverage

          Basic introduction to Forex trading

          What is Pattern Day Trading

          Signs a company is going bankrupt

          How to analyse stocks and forex?

          Which online trading platform to choose?

          How do I set my financial goals

          Investing basics - think before you act

          Learning to invest

    Buy Silver
    goldmoney.com - why buy silver from goldmoney? all customer silver is insured and audited. open a free account to buy silver.
    buy future payments
    investment advisory

    Privacy Policy | All rights reserved © Learning To Invest 2006, Email: / money management

    Warning: Unknown: open(/home/content/08/5010208/tmp/sess_k3dui72mvldmicaf8ikmu5dkk6, O_RDWR) failed: No such file or directory (2) in Unknown on line 0

    Warning: Unknown: Failed to write session data (files). Please verify that the current setting of session.save_path is correct () in Unknown on line 0