"Take Risks: If you win, you will be happy; if you lose, you will be wise. Nothing ventured, nothing gained."

Monday, June 28, 2010

Poker: 28 Jun - Finally.

Won two tourneys today. Sound impressive. But not really. What I played was "Double or Nothing". There are 10 players in this table, and as long as you make it to the top 5, you win a fifth of the pool. First one was easy. I almost got knocked out in the second table. This tournament has high winning ratio, but of course, the prize is not as attractive.

Just like risk:reward ratio in trading. You can win a lot of the time, small amount by small amount, and for that, high probability, becuz what you might be doing is close your trade whenever you're up +5 +5 +5, but let ur lose run. In a high risk:reward ratio, you might be doing things like -5 -5 -5 but when winning strikes it can cover or overcome the small loses you've been thru. A lot of stress/emotional tolerance is needed for the latter.

Another good news about is MY EXAMS PASSED!! Finally, I can look forward and embark my final year of part-time studies. This is truly a blessing.

No trades today.
Results: +$1.75


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