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,...
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Poker and trading do have certain things in common and thus each of them can be studied or practiced in order to be better in the other one. You might not agree with it yet, but keep reading.DiversifiactionIn poker, your your capital you're using to play is called bankroll. Successful players never bring to the table more than 10th of their bankroll, sometimes even less than 1/100th. During one session, when you can play on more than one table at the time, you should still not risk more than 1...
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I’m very aware I have talked about this topic before as well. But I feel this is something that really needs to be talked about more than once, from different angles and then peferrably repeated every once in a while. I believe this is both neccessary to you as it is to me in order to become a successful trader. There are certain points which you and me both should follow at all times.Limit your losses!!! This is possibly the most important thing to remember EVER. Before entering the trade, ma...
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