Wednesday, March 23, 2011

Poker Psychology and Taking it to the Next Level

Psychology is an important part of poker just as much as it is in trading.  Learning to manage expectation as well as managing emotions is important to risk taking and is the difference between gambling and playing the odds.  This blog post from a renown trading psychologist, Dr. Steenbarger who recently withdrew from the social networking scene to coach one of the largest Hedge Funds on Wall Street, is commenting on taking poker and trading to the next level.

Reading Dr Steenbarger's blog and interpolating the concepts used for traders to poker is a must for a well rounded poker player on the road to success. The concepts presented in trading and poker psychology will not be found in the best of trading or poker books, which are typically about teaching the game at the different levels.  There's more to risk taking behavior than that, and Dr. Steenbarger's blog is a good start.

In this blog post Dr. Steenbarger talks about taking your game to the next level through a closed-circuit training program and skill development.

Enjoy,
The Stock Nut

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