I wondered why Long&Wrong said Solfest disliked poker yesterday (I do have to keep my audience of five people happy), so I decided to do some research. While searching Solfest's site for articles on poker, blogger directed me to this beautiful article which seemed to have nothing to do with poker. Then I came to the last couple of lines (bold/italic modification by me):
YOU MUST PRESERVE CAPITAL.
In my opinion that is the first and last thing all traders must think about. Not charts, not set ups, not what will I do with all my profit.
Capital preservation. It's not sexy, it's not fun, it's not exciting, and it has rules, rules that must be followed or you’re fired. In other words it's everything that you hated about your other job.
If you want a fun, exciting, and sexy job try on line poker.
If you want to be a trader/risk manager shave your head bald, insult all your friends until they leave, stop bathing, wear polyester, and sniff constantly
It's an amazing article that will mislead tons of newbies into the poker scene (thank you Solfest)! I'm happy.
But, really, a well done article on why your reasons for being a trader are likely fundamentally flawed.
LOL
ReplyDeleteWhen ever I ask a group of poker players to teach me how to play I notice they get this strange look on their faces.
How would I describe this look.... let’s just say they look like lions and suddenly I feel like a wildebeest with a limp.
Haha. I would probably say do a little poker "paper" playing if anything. It is a very cutthroat game.
ReplyDeleteI'm wondering if Solfest understands enough about poker to realise that using the word 'limp' is a pun?
ReplyDeleteI'm guessing he doesn't.
ReplyDeleteHe doesn't look very bright.
Cute, yes, bright, no.
http://www.pokertips.org/glossary/w/LIMP+IN
ReplyDeleteThat passes for 'cute' in Canada? Must be the long, cold nights.
The poker players who "taught" him probably failed to go into much detail.
ReplyDelete