Discussion in 'Development and Psychology' started by Golden Bull, Jan 17, 2015.

  1. Golden Bull

    Golden Bull We got cookies

    Jan 13, 2015
    The following is frome Zen and the art of poker. A worthy book for traders.All you need is to change the word poker to trading and folding to waiting :)

    “Let’s go over to the casino and fold hands for four or five
    “Let’s drive over to the poker parlor and see how many hands
    we can stay out of.”
    “Let’s go over to the riverboat and not play.”
    And so on. The Western mind, generally action-oriented, recoils
    at this sort of thinking; it has trouble grasping such an idea.
    Indeed, it seems to go against the grain of logic. How can you
    win a game you drop out of? How can you win any competition
    you’re not even in? After all, isn’t being in the first step to winning?
    This is what the logical side of our brain tells us. Who ever
    saw a football team not take the field and win? Who ever saw a
    movie where the cowboy hero was playing in a poker game and
    was . . . folding? Folding? Of course not—he’s in there entering
    pots, tossing in money, throwing his cards down, triumphing! He
    is certainly not withdrawing from the action.
    This is why it is so hard to sell the concept (especially to new
    players) that over the long run the hands you fold make the hands
    you do play stand out more sharply and give them more power.

    At any rate, the secret to poker—at least for the majority of
    players—could be summed up in three words: fold . . . a lot.
    In the trading game it would mean f*ckin wait for the right setup :D

  2. jack

    jack Administrator Staff Member

    Mar 29, 2013
    Keeping your powder dry.

    I like the quote.. I've been meaning to read Zen and the Art of Poker for some time now.. think I'll pick it up.
  3. Golden Bull

    Golden Bull We got cookies

    Jan 13, 2015
    Yea. Shoot only to kill, or play only to win.
    Worthy book. :)
  4. outthislife

    outthislife Well-Known Member

    Dec 21, 2014

    Great, quick read.

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