The first poker lesson I learned from master bug is that the cards dealt are not the main deciding factor in playing the hand. Position is the deciding factor whether to play the hand or not and in how to play it. If you are sitting on the button (dealer) or in the late position (last 1/3 of table), then you have the edge by being able to see what the other players do before you act, and that's your key to playing the hand. Other factors such as who went into the pot and by how much, and your cards to a lesser extent, will influence your strategy, but position should be the determining factor in what and how to play. In general, the more checks you have in your favor, such as late position, good hand, limp-ers or first into the pot, etc the better chances you have of winning the hand (post flop play is a slightly different strategy to play than pre-flop, but position is most important in that too)
So the best place to be, from my beginner's point of view, is the late position with a strong hand. If I have position on my opponents I can play marginal hands knowing that if the flop doesn't hit I should let it go, or try to steal the pot pre flop if I'm the first one in with a reasonable raise (I'll let you know what's a reasonable raise when I figure it out, I'm currently using pot size.) Remember this is all level 1 poker.
In trading stocks, the technical setup is your edge in the market. The setup determines your entire strategy from how much capital to commit to the trade all the way through to your exit plan. Similarly, the more checks you have in your favor in trading, such as the health of the market, the strength of the move, etc the larger the capital you should commit to the trade, just as you would when considering your poker strategy before you partake in the hand.
The common lesson here: There are key factors to consider in either game, trading and poker, with varying degrees of importance that weigh in on your decision to be part of the game. Interesting..
Stocknuts
No comments:
Post a Comment