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January 18th, 2011
Colorado Springs, Colorado
United States of America
In playing cards at my favorite casinos in Vegas (Bellagio and Mandalay Bay), I've learned a lot over the years. Since I'm also an active day and swing trader, I've found a lot of parallels between winning vs losing folks in both activities... what those who do best, have in common -- and what the losing card players (and traders) do, time after time.
Understanding how to "play the odds" in your trading is just as important for active day and swing traders as it is for world-class tournament poker players... probably even more so.
...because traders keep making the same mistakes, betting the wrong charts, at the wrong time, and completely screwing up their exits. I've seen it all. And I've made those mistakes myself, early on in my trading career. We've all done it... the key is, how to get better?
Trading should not be anything like gambling. Professional poker players know this when it comes to their game, too -- they try to take as much risk out of their play as possible...and so should you. I'll teach you.
In playing poker and blackjack, I've found, for example, that average retail gamblers do just that -- they gamble, taking foolish chances on hands that have low odds.... either they're ignorant, stubborn, or both. Same is true of traders...
heck of all the thousands of traders I've worked with since 1999, I still get the same questions from new folks, and the unsuccessful... (overly-simple questions like "how do I improve my entries and my exits? instead of the advanced types of questions that winning traders ask)....
As any successful trader will tell you, it's about knowing your "math", the probabilities of success, and betting accordingly, only WHEN THE ODDS are in YOUR favor... like going "all in" against a timid poker player who limps in, to snag the pot early, before the flop.
As a former corporate statistician and quality engineer, odds and probabilities are right up my alley, so I can teach you some very valuable tactics you can start using in your trades.
Now in day and swing trading, it's all about knowing when to enter and scale into your positions only when the odds are there as well (as well as when to fold, when you've got a bad hand, or chart that didn't work out, early)...
and there's plenty of parallels that you can learn from, in my upcoming webinar, called "Trading Vs. Poker"...
Ready To Learn How a REAL Trader (and Vegas casino player) Enters and Exits
Using What He's Learned from Hundreds of Hours "At The Tables"...
(and how you
these little-known trading strategies in your own trades, too)?
How Much Better Could Your Trading Be, If You Only Knew How to Combine Careful Poker Tactics with Trading Entries & Exits? (your seat's waiting...)
How pro poker players use not only "pot odds" but also a read of the entire table before deciding how much to risk... and how active traders can use a similar well thought-out approach to figuring out what I call the "trading market odds" prior to making a trade (this one "market odds" concept alone is a complete game-changer!).
Quickly being able to figure out when to go "all in" with your trades, vs folding a pre-flop offsuit 7-2 equivalent for your trades, can potentially make a big difference in how you approach each week's markets.
How to start harnessing the very same skills poker champions use to your personal trading "arsenal". From getting an early read on the table, to making incremental decisions based on how much information's available, you'll see how to start transforming your trading skills using these same tactics for yourself, in just minutes... (it's just that good... and important to learn, if you're an active trader).
Why going "all in" (like most amateur traders do) can be devastating to your trading account. As with poker, where players should start with small limit hold 'em games (vs high no-limit tables), you'll see how to "rapidly regroup" in your trading habits once you see how to start trading an entirely different way for yourself (including getting rid of some of the nastiest habits that have probably been costing you way too much in needless large stops).
How to pinpoint the top trading setups in minutes, like a poker player does in their pre-flop pair. This is one potential key to trading success, because you really must know how to become more decisive, and more effective in grabbing pots and blinds (poker-talk) each week from the markets with your trades.
Whether you're a stock, emini or forex day or swing trader, these setups and the process you'll be taught, for rapidly "drilling down" to make a trading decision are all vitally important for you to learn.
How to keep trading losses to an absolute minimum when you go "on tilt". In texas no limit hold 'em, one of the challenges we have is not letting our losses get to us (same as with trading). When a poker player gets frustrated after losing, they are in danger of going "on tilt" (aka getting 'steamed').
This often leads to even more losses, just like in trading when traders go on "revenge trades" to try and get back to breakeven. Big mistake. Let me show you what I've learned in this critical area.
Live Q&A with Ken Calhoun live online! Got questions? Have a chart you'd like me to take a look at? We'll look at live charts as a team, and you're welcome to get answers to your trading questions FAST, from an actual trader. It's a "must attend" event, if you're an active stock, forex, e-mini or options trader.
Also great for casino poker and blackjack players, since I'll reveal some of what I've learned over the years from my table experiences at top casinos. Register right now!
Who Is This Well-Respected Trader (& Expo Speaker), Anyways?
Ken Calhoun is President of Daytrading University.com, TradeMastery.com and StockTradingSuccess.com (with Steve Nison). Having provided online training to active traders from over 32 countries since 1999, he is an internationally published trader who's earned industry awards and critical acclaim from traders around the world for his professional trading systems.
Featured in leading trade publications and events including Technical Analysis of Stocks & Commodities magazine, Active Trader Magazine, Moneyshow's Traders Expos, theStreet.com, and CBS Marketwatch.com, Ken has been a popular figure in the active trading scene for over a decade, and has co-produced two bestselling stock trading DVD systems with Steve Nison.
Although He's a UCLA Grad and Former Corporate Quality Engineer, Discovering How To Trade Still Took Him YEARS to "Get It Right"...And Now He Trades Every Single Week
Like Clockwork — He'll Show YOU How To Trade In & Out...
Ken will tell you he made every mistake in the book (and then some) on the path to learning how to trade correctly. Now he's able to make thoughtful trade entries, thanks to meticulous testing and experimenting to find out what works best, updated for each week's markets. As a former corporate quality engineer and statistician, dozens of Fortune 500 companies (including Ford, McDonnell Douglas, Sheraton, Chevron and Rockwell International) relied on him to help them improve operations and "the numbers"... he took this experience to help him learn how to trade, and he's thrilled with what he's learned.
Ken reveals new trading tips in this new webinar for active traders, so you can learn everything he's tested out with hundreds of actual trades he's done.
As an internationally published business management consultant, Ken previously trained over 31,000 people in over 147 companies worldwide. He took his profits from his successful consulting career and discovered the world of active stock trading, where he's been working to help other traders use precision, advanced trading strategies in their trades.
Ken's Daytrading University site has been trusted by over 8,100 traders worldwide to learn how to swing and day trade stocks, and is considered a premiere resource for active traders. He has interviewed Brian Tracy, Toni Turner, Dr. Van K. Tharp, Larry Levin, Steve Nison, Kathy Lien, Boris Schlossberg, Dr. Doug Hirschhorn and others and is a popular, sought-after seminar speaker and industry figure with credibility.
Unlike the majority of people in the trading industry, Ken is a genuine trader and has helped thousands of traders since 1999, when he first founded the Daytrading University.
Sidebar: I Recently Returned From One Of My Popular Speaking Gigs
Fabulous Las Vegas Traders' Expo Nov 2010 (it was great!):
We had a terrific time in Las Vegas at the international Moneyshow.com Traders' Expo 2010... they did a super job of organizing another winning event, with a huge turnout. I feel privileged to have been invited as a speaker at these traders' expos since 2001 when my colleague Tim Bourquin started them up (they're a great way to learn from many different traders; I personally liked Toni Turner's presentation on using volume best, this year - she was outstanding).
Here's a couple of photos from the November 2010 event (me outside the ballroom at left, and some of the traders cheering at the end of my presentation, at right):
The reason I mention this, is for you to see that I do have long-term credibility and trust from the
trading community and industry, for which I'm deeply grateful. Thanks to all who've worked with me.
Traders, I look forward to sharing new updated tactics for helping you learn new trading strategies in this new webinar series. Go ahead and be sure to register your spot right now.
See you in the webinars!
Ken Calhoun, President
(thanks to all who've posted their comments -- comment posting is now closed)
January 18, 2011 11:59AM
"I need your help before I bet the house!" - Allen B.
January 187, 2011 11:57AM
"I would truely like to see your accessment of traders verse poker players. In some of my books they say that poker players would make great traders. I would certainly like to hear your opinion on that subject." - Dan
January 18, 2011 11:54AM
"Since I do enjoy playing no limit holdem I curious how you use the same skills in trading" - Scott R.
January 18, 2011 11:27AM
"Sounds like a fun webinar. Always looking to learn how to read the market and its other players. What are they thinking as the pot grows or when they fold em and sell off?" - Scott T.
January 18, 2011 10:05AM
"it's all about patience and discipline, having a game plan and following your plan." - Mike H.
January 18, 2011 9:34AM
"with poker, players think about their strategy rather than the money.Traders can benefit from doing the same with a good robust method." - Martin L.
January 18, 2011 5:13AM
"I like the idea of using poker skills in trading, and I think it is especially relevant in position sizing and trade management." - Aniruddha A.
January 18, 2011 4:17AM
"That’s a great idea Trading vs Poker.
I’m a trader and poker player myself. The concept is the same.
Still there are people who say that trading and poker are both gambling games.
I say: “Forgive them for they know not how it`s done.” :-)
And one of the many important rules that apply for both is:“Leave your emotions at the gate when you enter the arena.”" - Ye Y.
January 18, 2011 3:30AM
"Love the unique idea of tying poker with trading. I also go to Las Vegas and would like to learn how to do well in both poler and trading. Right on Ken" - Alice R.
January 18, 2011 2:49AM
"Hi Ken~ I can't wait to see how you will compare gambling to trading. Like the odds vs. patienly waiting for the right chart, and how much to bet vs. position sizing, when to fold vs. when to exit. At first I really didn't see it, but now I await what you will teach us! Thank you for this!" - Janice L.
January 18, 2011 2:29AM
"Like the concept since the objective in both trading and poker is to end up with more than you started with. Look forward to learning how to do it in both environments." - Jim B.
January 18, 2011 1:56AM
"Gambling is an "Uncontrolled" investment risk vs. trading which is a "Controlled" investment risk. Combining the
skills and traits of a successful gambling "mind" to trading would afford one with the ability to invest with a greater
percentage of making money, than in a Las Vegas table." - Nicholas
January 18, 2011 12:46AM
"I think anything that helps with money management is useful. Parallels between poker "tells" and market patterns would be helpful." - Bill P.
January 18, 2011 1:29AM
"To me as a newbie i found most of times ending as poker than trader, hope this seminar will end my loosing trades." - Kumar S.
January 18, 2011 1:28AM
"Learning risk management principles that apply equally to playing cards for money and trading stocks, options or futures. Reminders about rules for how much to bet (put into a trade) and when to hold 'em (stay in a position) and when to fold 'em (take a profit or small loss and move on to look for the next trade) help me to keep focus, control emotion and exercise the discipline needed to trade successfully." - Bob E.
January 18, 2011 1:15AM
"Look forward to learning your money management techniques" - Andy T.
January 17, 2011 12:15AM
"I'm looking forward to learning from gamblers and gambling how to beat the odds and fine tune my skills in the market" - Kathleen M.
January 17, 2011 11:45PM
"I like the idea of being able to use the ability to determine the high odds play (rate of return versus probability of success) as in poker and applying it to trading." - John G.
January 17, 2011 10:47PM
"I always believed trading was the complete opposite of (poker),can't wait to see how the two consepts are linked." - Al W
January 17, 2011 10:39PM
"I love poker but know little about pot odds. My friends say trading is only gambling. I would like to hear the comparison Ken has between trading and gambling." - Kurt M.
January 17, 2011 9:03PM
"I have played Craps for years and can stay at the table for hours. I want to become proficient with stock trading so I can consistently be profitable." - Bob G.
January 17, 2011 8:55PM
"It's a new year. Time to shift the odds in my favor." - Jan
January 17, 2011 8:34PM
"always interesting and profitable, ken is making it even more interesting with poker" - Fay U.
January 17, 2011 8:32PM
"Looking forward to the seminar, always learned a new thing from you..." - Carlos
January 17, 2011 7:56PM
"Look forward to learning about your position sizing" - Cash
January 17, 2011 7:52PM
"I like your enthusiasm...and I always learn something new" - Bernard S.
January 17, 2011 7:51PM
"Trading V Poker which one is less stresful and gives you more satisfaction ... = casino + girls show? that is A life.. with full steam ahead." - Cornel R.
January 17, 2011 7:29PM
"Fully sik mate! (in Australia, that's a big compliment)" - Steve D.
Reply from Ken: Hey Steve, thanks - I hadn't heard that one before. I've got a lot of great traders from Australia, in fact one woman trader who came to my Vegas seminars ("D") was one of the smartest traders-in-training I've worked with. I like folks from Australia (and the singer Kylie Minogue). Haven't ever been there, it's on my list of places to visit.
January 17, 2011 7:24PM
"it is all about increasing the odds of success even with your winning trading system" - Erika W.
January 17, 2011 7:21PM
"Lost a lot of money and hope this concept can help me start to get it all back and then some." - Peter R.
January 17, 2011 5:05PM
"Consistent winning (profit) in poker as well as consistent profit (winning) in trading could be linked in our heads as the same dna level process." - Neal B.
January 17, 2011 6:47PM
"Your insights to trading are leaving most of the .... in the dust. Looking forward to discover the "Poker Face"." - Ruzena K.
January 17, 2011 6:26PM
" let's get our poker face on and learn to read the tape." - Jim L
January 17, 2011 6:15PM
"Looking forward to seeing the comparisons between the two." - Mark
January 17, 2011 6:08PM
"I love the enthusiam and passion that you bring to the trading tutorials that you present." - Emil K.
January 17, 2011 5:58PM
"Discipline is where your emotions are kept within your trading or poker playing plan (set-up, entry, exit vs call, raise, fold). The plan must include risk and money management such as increasing your odds or probability of success. These can be achieved through assessing your cards and other players, or assessing your charts and confluence of supporting indicators." Joe T.
Reply from Ken: Well said, Joe -- it's all about taking in the big picture (poker = pot odds, table position, chip stack size and opponents; in trading = market internals, sector moves, breakout patterns and more). I've found that success comes from having a well-practiced set of easy to follow indicators that provide guidance each week for how to trade during specific market and chart setup conditions. See you in the webinar.
January 17, 2011 5:55PM
"With trading, I had a hard time pulling the trigger because I did not want to lose. Then I realized that when I play poker, I do not expect to win every hand. I don't expect to win even fifty percent of the hands. It is not how many hands you win, but how much money you win at the end of the game." - James W.
January 17, 2011 5:51PM
"You need to know when to fold" - WB
January 17, 2011 5:30PM
"Learn to break the cycle and be in winning mode" - Avon C.
January 17, 2011 5:29PM
"I like the idea because you need to stay disciplined in both cases and not panic and give any of it away." - Mimi S.
January 17, 2011 5:10PM
"I don't want to gamble on a trading career. I want solid advice from Ken to invest properly" - Dave D.
January 17, 2011 5:05PM
"Important to see the big picture, know a good setup, discipline and money management." - Jim C.
January 17, 2011 4:58PM
"Trading has always been about playing the odds and not absolute certainty. It makes sense that there are parallels between money management in trading and in poker." - Shaun T.
January 17, 2011 4:52PM
"Ken, you are a respected trader, Not a gambler. I always get a lot out of your presentations. You are a great role model." - Gregory D.
January 17, 2011 4:42PM
"Always like to hear gems from a Trading Pro that give you an Edge." - Steve M.
January 17, 2011 4:39PM
"yes...that is all trading is...a bigger poker game...finally, someone has realized it and willing to lay all the cards on the table...." - Marc W.
January 17, 2011 4:38PM
"As a frequent poker player, I can tell high correlations between the poker and day/swing trading. Look forward to the upcoming seminar." - Zhuhui Z.
January 17, 2011 4:37PM
"it will be interesting to see how poker compares to trading" - Sabu A.
January 17, 2011 4:21PM
"In poker you might be competing against half a dozen other players at the table unless you are playing online. I like the idea of making decisions based upon technical analysis" - David M.
January 17, 2011 3:51PM
"I play bridge not poker, but I think they have some things in common. I find the scaling in idea very interesting and am looking forward to the mathematics of how you do it.I have had one very successful attempt as a position trader.Thank you." - Heather P.
January 17, 2011 3:46PM
" I haven't thought about the similarities between poker and trading but now that you have brought it to my attention I can't wait to hear what you have to say. It does make sense to me." - Ray W.
January 17, 2011 3:35PM
"I often thought about the likeness and difference between poker and trading. I look forward to your presentation. Thank you." - Kyle P.
January 17, 2011 3:29PM
"As my mathematician said poker game has probability to follow and trading is based on probability." - Cary C.
January 17, 2011 3:28PM
"1. Know your odds and then try to improve them.
2. I like to improve the odds to the point that I act like the house.
3. I like to spread my risk so that One play does not knock me out of the game." - Bob W.
January 17, 2011 3:09PM
"Very interesting premise. Curious to hear what you have to say about it." - Gordon Q.
January 17, 2011 3:05PM
" Is it a good idea to place the order with a trailing stop after deciding to ramp up? or maintain a hard stop and move it? If a trailing stop is used should it be .10, .15, .20 or is it a percentage of the price?" - Jim G.
Reply from Ken: Hi Jim, good question... personally I use hard stops from the initial outset of the scale-in position ("pilot trade"), then tighten it up manually if it moves in my favor, while adding to it. In general I like using 0.4 (less than a half-point) for stops for day trades, and a 2-day low (or 1.5 pts max) for swings, when it comes to risk/money management. I use slightly larger values for high flyers like AAPL/NFLX/PCLN when I trade those.
January 17, 2011 2:50PM
"Welcome a market trading system that will put the odds more in my favor !" - Ron C.
January 17, 2011 2:41PM
"will be a better approach to growing money than going to the casino" - Pat K.
January 17, 2011 2:21PM
"Here comes the good stuff. You show them how it is done Ken Calhoun. Thanks again Ken." - Curtis E.
January 17, 2011 2:26PM
"I believe that poker would be much like trading. Put the odds in your favor and use good sound money management." - Bob L.
January 17, 2011 2:26PM
"I think money management represents the most important key to trading success" - Alex B.
January 17, 2011 2:25PM
"How to successfully manage your money so you are always in a position to take advantage of the best opportunities to make money at trading and poker." - Rich B.
January 17, 2011 2:21PM
"To be able to trade the market with the odds and risk in your favor." - Jim Y.
January 17, 2011 2:17PM
"The parallels between poker playing and trading, such as recognizing head fakes; knowing when to get in and when to stay out; avoiding too much or too little activity; knowing the right amount to anti-up/invest; knowing when to fold-em/take a loss; and knowing when and how long to stay in for maximum gain." - Harry S.
January 17, 2011 2:09PM
" I am very excited to have the opportunity to download the video" - Lawrence G.
January 17, 2011 2:05PM
"Can't wait to ante up and learn your Forex strategy so I can Texas Hold'em!" - R.G.
January 17, 2011 2:02PM
"I would like to learn more about the similarities between poker vs trading like Psychology Skills, Discipline, Mathematical Skills, Focus, Patients, Guts and Decision making" - A.W.
January 17, 2011 2:00PM
"...I'll attend because I learn useful things about stock trading each time you speak. I've attended many of your webinars, both for free and those I've paid for, and I keep coming back." - Leonard F.
January 17, 2011 1:59PM
"Thanks for this opportunity. I often think I am risking too much money." - R.G.
January 17, 2011 1:58PM
"Sounds good - trading almost seems like a game of poker most times with seemingly unexpected things happening when least expected!" - Brian T.
January 17, 2011 1:55PM
"I love the concept of taking trades based on a mathematical probability as in poker. It would definitely take the guesswork out of my current trading methodology! I'm looking forward to hearing more....." - Rob H.
January 17, 2011 1:50PM
"Makes sense. Odds of winning should determine the size of the bet." - Doug M.
January 17, 2011 1:43PM
"Absolutely love watching your videos Ken! Looking forward to the webinar." - Eric H.
January 17, 2011 1:41PM
"Ken, what a way to learn day Trading vs. Poker. This is going to be different for sure. Can't wait to get started. Amazing concept. So creative as well." - Anthony P.
January 17, 2011 1:38PM
"I live in Vegas and most traders are like the tourist
gamblers, donating their money to the pro's! I like the
idea of trading like a gambling pro." - Robert C.
January 17, 2011 1:37PM
"Sounds like an interesting concept - can't wait for the webinar" - Greg M.
January 17, 2011 1:36PM
"Trading and Poker are two different things, trading is more like Chess. Poker is a game of chance and maybe 30% the know how but trading is the opposite 70% the know how and 30% chance." - Ardeshir Z.
Reply from Ken: Hi Ardeshir, actually if you're playing limit hold 'em, then playing pot odds can give substantially more favorable odds; it all comes down to the pot odds pre-flop and how often you correctly fold a poor hand early rather than late (like exiting a losing trade early vs w/a large stop)... I'll show my thoughts on it during the webinar. Great analogy re chess, that's the thinking /strategy involved, especially with 3-4 moves out type of analogy for trading entries and exits on a gambit open.
January 17, 2011 1:35PM
" Patience, waiting for the right time to move!" - Bill K.
January 17, 2011 1:30PM
" We've all played poker, yet, heard from many, "Trading is Gambling." I am interested in your take on how that statement may or may not be true." - Rob B.
January 17, 2011 1:29PM
"the simplicity and clearness of your management is easily assimilated into my trading, making me more profitable." - Joe B.
January 17, 2011 1:21PM
"Ken, I never cared much for any form of gambling. Trading is an entirely different animal because here I'm able to use sound rules and judgment in formulating a strategy for trading." - George T.
January 17, 2011 11:32AM
"Can't wait to watch and expand my mind from your webinar of how Poker and Trading can tango together. Cool..." - David F.
January 17, 2011 8:59AM
"Can't wait to learn how I can get a competitive edge against the market!" - Jeff B.
January 17, 2011 6:38AM
"If trading is like a poker game, I guess, i will never have
a fair chance to win against the big boys. May be you can convince me, that I am wrong, partly at least." - Juergen H.
Reply from Ken: I understand where you're coming from; as with trading, the key is taking the time and having the patience to practice and develop the "pattern recognition" skills and abilities needed for success. Like golfing against tour players, regular amateurs never have a chance. So the trick is to find others who aren't quite as good as you're currently at, to play against; and in trading, to only trade the best-odds trading setups available; I'll be talking about that too during the webinar -- good point, thanks.
January 17, 2011 6:27AM
"My experience is limited in both, but by definition a trader should have a
better summation of the shifting value of their goods and a gambler has
less certainty about their stake in play. The mind behind their decisions
may be the shared key to their fortune or misfortunes.
I suspect the webinar will reveal all." - Owen H.
January 16, 2011 10:19PM
"it is important to be able to spot the false breakouts and breakdowns on intraday charts just as the poker player must be able to read the opponents, the cards, and the stakes to be able to spot a bluff" - Niles V.
January 16, 2011 8:58PM
"Fortunately your trading techniques are working for me. To sharpen about the limitations of an anticipated move would be a further asset now. More skills give insight." - Phil
January 16, 2011 7:13PM
"I am anxious to watch the trading concepts and there similarity to poker playing by an expert at both, it should be a good seminar." - Louis G.
January 15, 2011 3:46PM
"I look forward to the webinar. All your training is excellent." - Bob S.
January 16, 2011 12:01PM
"Following the changing possible outcomes in both situations allows better success possibilities than just luck. Luck adds to the "wow" factor." - Gary S.
January 16, 2011 7:07AM
"Hi Ken, this sounds very interesting..Don't
both poker and trading have nice long streaks?" - Jim B.
January 15, 2011 11:25PM
"Looking forward to your insights so I know when to raise on the flop." - Bret H.
January 15, 2011 8:20AM
"Very interesting to hear the analogy between poker and trading. It makes sense. Training, preparation, mentality, calculation of risks, decisiveness,.... Looking forwards to the seminar." - Ilena K
January 15, 2011 7:19AM
"Even the gambling like poker could be made as profession by professional players. We must learn there attitude to avoid playing a profession like trading as gambling." - S A
January 14, 2011 3:06PM
" I concentrate on FX markets and your web casts about set ups resulted in a positive result; more money. Winning at poker and FX are dependent on good money management, and knowing when to throw in the hand." - Dick F
January 14, 2011 7:44AM
"i don't play much poker but i do enjoy watching it played by pros and i am fascinated by their patience in waiting for what they feel is the optimum hand to take down the largest pot possible and do the most damage to their opponents stacks--like money management in trading" - Bruce W.
January 14, 2011 5:26AM
"Really appreciate the downloadable video as 3 o-Clock in morning is too early in South Africa...can't wait!!!" - Gerhard W.
January 13, 2011 9:57PM
"Thanks Ken for bringing the subject upfront. I would be glad learn about the similarities involved in Active Trading and Poker playing. As both are dependent on weighing the odds, dealing and knowing when to fold. I would be glad to learn quite a bit from this webinar." - Ashok K.
January 13, 2011 9:15PM
"Sounds like an interesting idea. Poker players are always playing the odds. If this can help me with my trading, then let's see what it's all about." - Jean
January 13, 2011 8:53PM
"t can give us good unsights into trading" - Bob M.
January 13, 2011 7:38PM
"I like the idea that even in Gambling by removing as much risk as possible and understanding how much to bet at each stage mirrors what i want to acheive in Trading" - John G.
Reply from Ken: Outstanding, John - you've hit it on the head; especially your comment about "how much to bet at each stage" while removing as much risk as possible. Very well said. That's exactly the parallel I saw between the stages of no-limit hold 'em and sequential position sizing in trading; that's part of what I'll be revealing. See you in the webinar!
January 13, 2011 7:32PM
"Each time i see a video from you i feel more confident" - George J.
January 13, 2011 7:20PM
"High probability trade and proker, limit loss but high profit." - Danny L.
January 13, 2011 7:12PM
"ken every video I watch
I learn something new - thanks" - Dave V.
January 13, 2011 6:52PM
"I like the ides of using poker tactics to increse my confidence in placing trades because I will realy understand the odds of a particular trade on a profit and loss basis and can you these to build my confidence." - Lew S.
January 13, 2011 5:34PM
"I Am a better poker player than a day trader but love to do both cant wait to see how you integrate these into one learning tool.Great Idea Ken" - Joe S.
January 13, 2011 4:47PM
"i am a trader in china.and i read something in your books .I like your techs about trading,such as gaps and the pivot of trading time. I extremely want to get your e-mail adress or some other methods of contacts. so i can learn more from you, thanks," - Hankslau
January 13, 2011 6:19PM
"getting the odds in your favor sounds like a great approach to making money in the markets. Knowing your odds up front would give you more confidence in your trading." - Tim
January 13, 2011 5:16PM
"In poker one must know themselves and as much as they can about their opponents. Understanding the psychology of the market players would certainly help in ones trading." - John S.
January 13, 2011 5:02PM
"Discipline and understanding the players is the name of the game whether playing the market or the Vegas tables." - Wendy M.
January 13, 2011 4:47PM
"How to get the best return is the game. Hope this can help to get clear on what's the best balance between win% and win/lose ratio? Is setting target better or using fixed target? What's the best setup that can increase the win%" - Wayne
January 13, 2011 2:59PM
"You certainly are in command of this business. I hope to reach your level somtimes thanks to your training." - Helmut E.
January 13, 2011 2:28PM
"This is a great idea.
I would like to know more about Poker Vs Trading. Thanks" - Raaj
January 13, 2011 2:26PM
"I don't know the poker game, but I am eager to learn any skill necessary to become a profitable trader. Trading is not a game of luck, it is a competition where the witty and skilled wins." - Silvia R.
January 13, 2011 2:16PM
"many relationships between the two industries...basic is the bankroll to begin...then using "live" decisions to enhance the holdings...while conserving the beginning bankroll...!!!" - Dennis D.
January 13, 2011 2:03PM
"Interesting video and analogy, never thought of trading in this way before. I look forward to learning more on putting the odds in my favor." - Mary F.
January 13, 2011 1:52PM
"I dont play poker but something is interesting since you are comparing the both trading and poker. Eager to know." - Saikumar C.
January 13, 2011 1:37PM
"this sounds very interesting, Looking forward to it." - Bill P.
January 13, 2011 12:41PM
"Interested in seeing probability of numbers analogy work in stock trading and poker-playing with each set up utilizing sm losses and scaled out exits." - Charles
January 13, 2011 12:36PM
"Looking forward to see how I can use poker skills to make my trades less of a gamble." - David W.
January 13, 2011 12:11PM
"Ken you make me a better trader from your educational videos" - Tracy
January 13, 2011 12:07PM
"The most important thing to me is to become a constantly profitable trader, then I can add size to my trades. Right now I trade FX." - Rex M.
January 13, 2011 11:52AM
"I don't play poker, have watched, but do need to improve my trading skills, always looking for ways to improve." - Mark C.
January 13, 2011 10:56AM
"No doubt courage is the key element in every venture but would you at least courteous to adivise the the method by which courage can be enhanced to this challang of forex trading.
await your suggestion." -Farooq
January 13, 2011 9:23AM
"One should always be calculating the odds and only acting on the highest probability setups" - Randy F.
January 08, 2011 10:19PM
"makes sense to me - it's obvious that it takes strict discipline to gamble sucessfully. I never thought of it being the same as trading (sucessfully - that is)" - Adrian G.
January 07, 2011 9:17PM
"Ken, "Your the Man" to learn from when its comings to trading. I have learned so much from you. Can't wait to see your program "Trading Vs Poker...I always learn something new at your events that help me become a better trader". Keep up the great work.." - Perry S.
January 06, 2011 3:45PM
"I have not played Poker that much, but I can see how they would be some similarities between the two. It would be good to learn when the big guys are bluffing so we would know when to fold." - Larry W.
January 04, 2011 11:23AM
"Looking to hear how to put the odds in my favour. Be nice to feel confident about winning." - Stephen C.
January 05, 2011 8:41AM
"Brings back some things that I might have been overlooking and are basic needs to keep on top... Learning how to manage my money and putting the odds of winning in my favor and not the houses or markets." - Ed C.
January 05, 2011 11:12AM
"Hi, it's pretty clear that there are clear similarities between poker players and traders. Both must have a strategy, a plan for when it is time to invest money and to abstain. Equally important is to be humble and get to know their opponents, and not exalt themselves and think that you are the one who decides the game.
I think you are the man to learn us how to do...Poker, football, dealing with stocks, war, leadership - everything is really about psychology and timing adjusted to the counterparty behavior. What we have to learn is the right thinking. Keep up the good work, Ken." - Owe F.
January 04, 2011 11:23AM
"I have not played Poker that much, but I can see how they would be some similarities between the two. It would be good to learn when the big guys are bluffing so we would know when to fold." - Larry W.
January 01, 2011 10:14PM
"I am excited to hear how poker rules can be adapted to forex trading. I don't gamble even though I love going to Vegas so I am not familiar with poker games, but I definitely want to be present at this webinar. Thanks for the opportunity to listen on Jan. 18." - Norma M.
January 01, 2011 7:16PM
"I'm good at poker, but my trading could always use any help I can get." - Phillip B.
January 01, 2011 1:44PM
"thinking about how much you willing to lose for each trade before entry, manage the loss, the winning will come. " - Robert G.
December 31, 2010 9:02PM
"Regardless of the subject, here using poker skills to improve your trading, I know that I will learn something, and usually multiple somethings when it is a Ken Calhoun webinar. Your name is a guarantee of time well spent." - Ted R.
December 31, 2010 4:43PM
"Terrific analogy. Useful in honing relevant skills for trading. Beneficial in bedding down and reinforcing new habits." - George P.
December 31, 2010 1:43PM
" Trading, like poker, is more successful when the odds are on your side. Ken shows us how to get those odds in our favor and start with a small "ante" until our investment closes us out or reaps those rewards." - Bryan P.
December 31, 2010 12:02PM
"Fortunately I learned early on that money management keeps you in the game and is the key to reaching your objectives in trading. I'm not a poker player, but am interested in how you use those skills to further trading objectives." - David H.
Reply from Ken: Hi David, congrats on being an early learner of that. Me, I was too heavily focused on chart patterns and level II trading back in the 90s (because that's what most of the so-called experts wrote about in their trading books), with money management as a secondary or peripheral skill. So I made a lot of bad trades and wiped out my trading account early on. But I learned. Now money/trade management, position sizing (for more, see Dr Van Tharp), should be the primary focus, with charts as a secondary scanning tool.
I really wish I'd learned that 15 years ago. And the poker parallels go beyond that, though that's always important as the primary foundation, is the scaling, deciding when the odds are there to pull the trigger, and more... we'll explore all that in this upcoming webinar.... thanks for the comment!
December 31, 2010 11:24AM
"I need to learn not to hold my losing trades so long. Accept I was wrong close the trade and move on to the next trade." - Robert G.
December 31, 2010 7:39AM
"A successful poker player as the ability to "read ie.understand the cards and his opponents, so a successful trader has to be able to read, ie understand the lines and the indicators on the chart to trade beyond the hard right edge." - Paul M.
December 31, 2010 6:18AM
" to learn how to pin point profitable trade setups within minutes" - Ed G.
December 31, 2010 3:40AM
"very interesting video, I am not much of a poker player but cant wait to see how we can get an edge in trading by learning from you." - Randy H.
December 31, 2010 2:05AM
"I've always considered poker to be a form of gambling, while trading I've considered to be a business, or at least it should be treated as one. I'm interested in seeing your comparison of the two." - John N.
December 31, 2010 1:43AM
"It will be interesting to see what you think are the similarities and differences between the two and which one has the better odds." - Ray
Reply from Ken: Smart question, Ray. Short answer: trading is the best-odds game in the world, because we can CHOOSE our risk level on each play. That's why I use a (lot) of tiny stops on small share trades to get "in play" in a trade, then position size up once it's in the money. Can't do that in poker. Then again, if you're a solid poker player and you're playing against unskilled players (aka "fish" or "donks"/donkeys for short), that's like taking candy from a baby; unfortunately I've found that "the bigger the pots, the smarter the players" are at the poker tables, so it's hard to win big pots in poker, consistently.
As a former corporate statistician (with Ford, back in '91-92) and quality engineer, I like knowing my numbers cold before each play, each trade, each hand. Pot odds vs trading odds, there's lots of correlations. Trading analogy is: we don't want to get "blinded out" by taking too many stops, so that's where high-percentage entry setups come into play.
December 30, 2010 7:29PM
"I'm a fair poker player, and am real curious to see how those skills might translate into better success in trading." - Mark C.
December 30, 2010 647PM
"You are exactly right. Trading/Poker is a game of self discipline(entry exit)..reading the cards(Tech Analysis)..Reading the other players(Tape Reading,Candle Stick interpertation..Etc).They say most people know how to play poker but they won't. Sadly I fall into the later catagory. Help me Ken!!!!!" - Jim B.
Reply from Ken: Right, Jim - discipline, reading what you're dealt, and being able to trade based on a fast "read" of the markets, all great examples you provided. Getting started w/practice/small share trades is the easy part, the hard part is getting better FAST at all this stuff, or at least making progress... like poker, it's one of those "hours to learn, a lifetime to mastery" kind of skills. And both are still hard as heck, it never gets a lot easier, to be honest (with time comes more patience, and as we'd say in poker, more "heart" to make the big plays). Thanks for the analogies, you're right on the money. See you in the webinar.
December 30, 2010 5:25PM
"I like the idea of viewing a set up from the vantage point of odds. This could sharpen my approach. I look forward to an amplification of this and more." - Larry S.
December 30, 2010 2:20PM
"I like the comparison between skillful poker pros and traders. As a Forex day trader to be able to stack the odds in your favour is a critical factor in a winning trade - show us how it's done Ken." - Andy J.
December 30, 2010 12:08PM
"I always heard that engineers are good traders and good poker players. I have an associates in engineering so I find that very interesting." - Joe C.
December 30, 2010 8:55AM
"Trading VS. Poker is a great analogy- both incorporate money management, risk management, and skill. I'm looking forward to the training." - Harold H.
December 30, 2010 7:28AM
"Trading like poker is not only about knowing your odds, but also gaining your mental edge. You bet or trade what you believe." - Rick C.
December 30, 2010 5:01AM
"Have always enjoyed your webinar. Looking forward to seeing how you approach trading with such confidence and your thoughts behind each trade" - Lillian K.
December 30, 2010 4:47AM
"It makes perfect sense to combine the actions or reactions of human psychology with well known patterns from technical analysis, and add probabilities to the mixture in order to devise the most profitable trading strategy(s) which can be used over & over again to place some losing but mostly winning trades in the market.
I get the technical analysis & human psychology, but adding the poker would definitely add another crucial element to the overall trading strategy!" - Mildrid M.
December 30, 2010 4:29AM
"I would like to understand the applicability of confidence, courage/guts to make a trading decision on any scrip" - Dilip P.
December 30, 2010 3:50AM
" very interesting presentation. hope to see your webinar soon.
thanks" - Willie.
December 30, 2010 3:41AM
"Ken I've heard you mention how trading is like poker a few times...Looking forward to your analogy on how it relates to trading...these webinars are always excellent and well worth attending!" - Joel A.
December 30, 2010 2:15AM
"Looking forward to your seminar. I want the winning edge on my side - not "hope" or "luck"." - Terry F.
December 30, 2010 2:14AM
Very interested in your interpretation of the trading odds (i.e. probability of the trading being successful) in terms of market context, and then how you decide to go 'all in'? Are you doubling, tripling your position as it starts moving into the money?" - Peter E.
December 30, 2010 1:40AM
"Well Done Ken... Poker pros know when to press when odds in favor for maximum gains. Toss the cards away when low odds.." - Ron J.
December 29, 2010 11:32PM
"Winning at poker takes real focus and concentration. These are the same skills needed for successfull trading and learning how to apply to both makes a lot of sense." - Dave D.
December 29, 2010 11:01PM
"I don't know much about poker so I'm interested to learn how it relates to trading.
From what i understand, pro poker players are masters at reading the psychology of the other players, utilizing money management techniques and have an astute understanding of the odds - in this regard they are like the professional trader." - Kaine S.
December 29, 2010 8:44PM
"The game of poker really is not just about the Probs of the cards. Its really is about being able to read your opponents." - Mike D.
December 29, 2010 8:23PM
"One of my favorite movies/book is 21:Bringing Down the House and I'm sure Ken will have 'a full house' for this webinar." - Ann A.
December 29, 2010 8:07PM
"i have not play poker it is hard game so i better play stock" - Ola A.
December 29, 2010 7:56PM
"Experience once led me to the conclusion that one had to be lucky to do well in trading. This is the same feeling a novice poker player must have when trying to understand and memorize the relative odds for various hands and the complexities of that game.
I have since graduated to a better understanding of the game of poker and how one needs to size up the table situation instead of blindly betting based solely on the cards in your hand. Your idea of applying similar principles to trading is very intriguing and I would like to be part of this webinar to get a better understanding of how you envision doing this.
Ken, thanks for all you do to help us become better traders." - Pete P.
December 29, 2010 7:56PM
"I've heard you refer to 'honing your trading skills by playing poker' in your earlier webinars. I'm curious to hear you expand on your 'rules based approach' to trading. Thanks for all you do!" - Jerry M.
December 29, 2010 7:51PM
"These are two of my favorite interests in life.
Poker is fun for me,but trading feels more like
work. Show me how to make trading more fun and
maybe then I'll retire young and rich." - Paul P.
December 29, 2010 7:40PM
"Have played Tournament Blackjack and believe there is a definite correlation/ mindset between Poker/BlackJack and Stock Trading." - Larry D.
Reply from Ken: Right, Larry -- the more I do of both, the more I realized there were lots of lessons learned that could be applied from one to the other, so I thought this would be a good idea for a webinar topic; there's definitely a lot to be learned that can be leveraged in trading. Hey great to hear you've played Tournament Blackjack, I profitably played 43 hours of blackjack at MB and Bellagio myself during my last trip there in November when I spoke at the expo (I stayed in Vegas for a week).
Observation: in blackjack, which I play a lot of as well, the #1 basic strategy mistake I see from hundreds of players is they fail to hit 16s (2nd errors are playing soft hands wrong, eg A2/A3, and failing to split non-A/8 pairs correctly); I always play on first base and consistently outlast most other players (they come, they go, I'm still there during noon/8pm/4am shift changeovers playing etc). Key tip too is walking out once you hit win targets, in each session, and keeping drawdowns as tight as possible if in a down session; again, like using trailing stops/stop losses in trading. The appeal in no limit hold 'em is there are 7-figure tournaments to work towards getting into the final table at. I'm not there yet, but working on it. Hey then you guys can say you knew me back in the day...
December 29, 2010 7:35PM
" I don't play poker but I've watched those pros on TV and they are highly skilled in poker and to combined there poker skill's to my trading skills learned from Ken Calhoun will be awesome. Thanks" - Jeffrey A.
December 29, 2010 7:01PM
"I am a gambler at heart and need to know to use facts instead of luck or chance to pick my trades." - Barb W.
December 29, 2010 6:46PM
"I want to learn from Ken how to make bigger wins....not just 2 to 4 tick." - Jo L.
December 29, 2010 6:17PM
"I think money management is the key to success in trading so I'm very interested in seeing how you use poker playing to help with your trading." - Gary S.
December 29, 2010 5:22PM
"I have always believed that traders should follow similar rules that successful poker players do. I am really looking forward to this webinar." - Michele G.
December 29, 2010 5:21PM
"Don't known a lot about poker but some say it is just luck, but it's funny that you see the same people playing in the big games all the time. You need the odds with you and some time's just having a pair of ace's will just not do it." - Joseph H.
December 29, 2010 5:09PM
"Your other webinars were great. This one will outshine the others as it
regards money management and risk reward." - John H.
December 29, 2010 5:02PM
"Start with small bets and when you know that your odds are better than the last round, increase your bet and so on until you get the whole pot." - Joaquin R.
Reply from Ken: Good point, Joaquin, that's how it works. Trouble with traders is they go "all in", whether that's 100 or 500 shares at a time, and don't act based on incremental information, or pot odds analogy (and reading other players' play patterns, for poker), when getting into their trades. Again it's because most vendors just teach simplistic chart pattern entries (no dynamic position sizing/scaling), since they don't actually trade and can't teach the mechanics of real trading. Your analogy is right on the money - thanks.
December 29, 2010 4:29PM
"Trading is all about psychology and probability, very similar to poker.....can't wait to see your insight." - Ian C.
December 29, 2010 4:17PM
"I think it is all gambling. I just need the edge." - Jeff S.
December 29, 2010 3:56PM
"Great Idea: Combining poker thoughts with trading skills. I like it!...With your background in statistics, and great insight into successful trading, I'm looking forward to how you integrate poker strategies as it applies to money management, as well as light/heavy trading." - Barry S.
December 29, 2010 3:11PM
"Would like to learn more about this idea and its roots." - Jim M.
December 29, 2010 2:41PM
"Ken, the best thing I like about this concept for active traders' webinars is you can get an edge on the competition by applying high probability methods to both trading and poker." - Edward B.
December 29, 2010 2:29PM
"Poker and Trading are alike in how Kenny Rogers would say "You got to know when to hold 'em and know when to fold 'em"." - Bob T.
December 29, 2010 1:25PM
"the probability of success versus the risk" - Peter W.
December 29, 2010 1:25PM
"Using technicals will go a long way to minimize the gambling aspect of trading along with risk management" - Melvin C.
December 29, 2010 1:07PM
"I find it interesting how you can compare poker to trading. It would be great if I can improve at both from your seminar." - Lori.
December 29, 2010 12:53PM
"Ken, This is a great topic for a webinar. Money management is something every trader should master...Ken I can't wait for the webinar and I really look forward to learning how to pinpoint the top trading setups in minutes." - Bill H.
December 29, 2010 12:51PM
It is very good , I discovered my big mistake that after lossing I trade for revenge.
Best Regards" - Adel N.
December 29, 2010 12:30PM
"It takes discipline intuition, experience and knowing when it is time to take a loss or progft, just like poker." - Robert P.
December 29, 2010 12:29PM
"the transferable skill set from poker to trading" - Geo M.
December 29, 2010 12:28PM
"Trading needs a plan to gauge the market,and poker was the same" - Joseph F.
December 29, 2010 12:25PM
"They say trading is a game of probabilities and I guess Poker can show the way how to actually do it...Not everybody shares such information. Its shows Ken is sincere and honest is getting us the needed knowledge to become successful in trading. Kudos to his efforts" - Anees A.
Reply from Ken: Thanks Anees, that's very kind of you. The way I figure it, the more genuine help I can deliver to traders, the better off everyone is in the long term. You're right re probabilities; for example pro tournament players do "grinding" heavily reliant on pot odds in limit hold 'em (the science of poker), while the "show" events, all no-limit hold 'em, rely much more on the "art" of reading opponents and their betting patterns (pre-flop strategy and reading tells, bluffing at the right times is absolutely critical in no-limit, while limit hold 'em is much more pot odds-based play since you can't do monster pot "all in" bluffs to grab blinds and pots). Lots of analogies exist to help traders as well; we'll cover those in the webinar.
December 29, 2010 12:18PM
"Should be an interesting seminar. I have always recognized the similarity to gambling. Even with all the advantages traders have versus a traditional Vegas game such a Blackjack, still extremely difficult to win. Conclusion: Bet on Vegas!" - Dan K.
December 29, 2010 12:10PM
"I've never played poker but I can understand that whenever
you put money at risk, having the odds in your favor and good
money management are key to being a winner." - Lloyd S.
December 29, 2010 11:40AM
" Ken, can these tactics be applied to end-of-day trading?" - Tom H.
December 29, 2010 11:21AM
"I would like to have a better idea how to look at the table and not just on my cards" - Z.G.
December 29, 2010 11:19AM
"It's a strain keeping a poker face when a trade goes the wrong way no matter how much you control your money management." - ChrisB.
December 29, 2010 11:10AM
"thank you so much for this topic i often think that i'm gambling when i trade. i wonder if there's a difference.
i'm looking forward to seeing how you relate the two." - Brev R.
December 29, 2010 11:06AM
"an interesting thought how one carries over from the other" - Neil K.
December 29, 2010 11:03AM
"I would like to see pivot point analysis and trading in futures." - Vince M.
December 29, 2010 11:04AM
"I am basically a swing trader abd understand the value of having as many odds as possible in your favor when entering a trade. So, anything I learn to improve my odds will benefit me financially" - Ted M.
December 29, 2010 11:01AM
"Very interested in the math and odds of trading vs. poker.
especially regarding trade entries vs. stops and sizing
of those trades.." - Stuart A.
December 29, 2010 10:59AM
"Hi Ken, I like your idea about comparing trading to poker. When I play Texas Holdem with my boys, I'm very cautious. I anti up for every hand, but only enter hands that show real promise. That way I manage to stay in the game throughout and take a pot here and there. But I'm never the "big" winner. With regard to trading, I follow your "momentum doubling" strategy and it works great!
However, while entries are "easy", exits are still not so clear. So I just put on a $0.30 trailing stop on stocks up to $30 and a $.50-$1 trailing stop on stocks over $30. This "whips" me out of trades on occasion, but works pretty well. I'd like to have a better grasp of exiting procedures though. Thanks, Ken" - Helene I.
Reply from Ken: Hey Helene, thanks... good idea re ante-ing up on high-odds preflop hands, being selective (new poker players should play limit hold'em tight; experienced players can mix it up and play looser w/no limit once they have the odds down in limit). Glad to hear my "momentum doubling" strategy is working for you!
December 29, 2010 10:50AM
"Poker skills require the confidence and skills of knowing when the hold vs when to fold.
Ken, I believe you have a great idea in transferring this skill and knowledge to trading." - Wayne B.
December 29, 2010 10:38AM
"I would like to learn more about the similarities between poker vs trading like Psychology Skills, Discipline, Mathematical Skills, Focus, Patients, Guts and Decision making." - David J.
December 29, 2010 10:25AM
"Ken, this is a great idea for a number of reasons. First, too many people go out of their way to argue that trading is not gambling (which it is, in the sense that you are staking your money on an unknown, every time you place a trade), but then talk about "having an edge," which is essentially what gamblers do.
Second, it's obvious that you are a successful trader and you readily admit to using strategies from your knowledge of gambling in your trading. Third, what's wrong with viewing trading as gambling? You can turn on the TV almost every day and see people who make a very successful living by playing poker. Since you the best ones over and over again, there must be some things they do repetitively that makes them successful." - Doug T.
Reply from Ken: Hi Doug - thanks for a thoughtful post. The key is, to take as much of the gambling side of things out of your trading... and yes they're very very close in the parallels, about playing the odds correctly (like a specific 2-day high breakout pattern with tape reading for intraday scalps), like playing pocket pairs correctly in hold 'em. And right, repetition, it's all about making this as easy, as repetitive and consistent as possible, to take the "tilt" and emotion out of it, so it's a process.
And right re tv, there's also a lot of great poker video online like here and here.
December 29, 2010 10:22AM
"I see good correlations in the strategies, and need to improve my game." - Mike S.
December 29, 2010 10:21AM
"Ken for me this is something totally new. I am, therefore, looking forward to some extraordinary value addition. I presume this will help in applying "probabilities" as well as improving "money management" and "trade management" " - Shashi M.
Reply from Ken: Hi Shashi, exactly. So much of successful trading (and poker) is all about the money side of it, and playing the odds correctly, time after time. "It all adds up", small incremental differences that are easy to spot, once you know what to look for, in money and trade management. See you in the webinar - thanks for your comment!
December 29, 2010 10:12AM
"Sounds very promising. Curious to watch the webinar with the details!" - Vik B.
December 29, 2010 10:09AM
"I see so many parallels between trading and poker. It is always good for me to relate trading to other activities, which gives it a different perspective." - Tim H.
December 29, 2010 10:05AM
"I am a professional trader and avid poker player and look forward to your webinar." - Jeffrey
December 29, 2010 10:04AM
"The Poker/Trading analogy. I want to trade profitably. Trading otherwise is hard to enjoy and not sustainable. I look forward to viewing the video.." - Michael P.
December 29, 2010 9:58AM
"I think your idea of doing a webinar relating poker and markets is extremely useful to whom want to survive in the long term on these turbulent markets. Moreover with automatic trading robo schemes." - Sandra X.
December 29, 2010 9:54AM
Its all about playing the odds and piling in when the trade set up (like our cards) are in your favor - i look forward to your insightful teachings again." - Bud S.
December 29, 2010 9:53AM
"When I tell people what I do for fun the first thing they say is "isn't that the same gambling or playing poker", looking forward to getting your perspective." - Drew S.
December 29, 2010 9:38AM
"fascinating concept which I suspect has validity to those with acute perception and imagination." - Neal B.
December 29, 2010 9:27AM
"Good comparison. Look forward to the seminar." - Frank P.
December 29, 2010 9:27AM
"As a skilled poker player I know how to get the edge at the table. Now I want to apply that to my trading. Looking forward to this seminar" - Bill B.
Reply from Ken: Hey Bill, it's great to hear from a fellow trader and poker player... I'm always looking for ways to help traders "connect the dots" with their trading skills, so I thought using things like pot odds, getting an edge at the table to apply to trading, as a systems approach, can be a big help. I hope this is useful to you, too -- see you in the webinar... thanks. Now let's shuffle up and deal!
December 29, 2010 9:19AM
"I am always excited about learning new ways to gain an advantage over the market." - Gail Z.
December 29, 2010 9:14AM
"I do not play poker but can appreciate the intense deliberate mindset required to play and stay in the game. Moreover the stakes are very high in the current economic climate" - Saliem A.
December 29, 2010 9:13AM
"Great analogy....love the trailer and voice over guy" - Richard P.
December 29, 2010 9:12AM
"I'm looking forward to getting another perspective on trading- to see what the edge actually is." - Rene W.
December 29, 2010 9:11AM
"I have been following you for over a year now and see a lot of benefit from your application of uncomplicated basics" - Stuart M.
December 29, 2010 9:10AM
"Important to learn the art and application of proper strategy application in both playing the market and poker playing. As Kenny Rogers once sang, 'know when to fold them, know when to hold them' using proper risk and money management rules is paramount to being net profitable.
Both trading the market and card playing is following your rules and being psychologically in tune with yourself and others.".. Wendy M.
December 29, 2010 9:07AM
"I understand poker -- trading not so much.." - John G.
December 29, 2010 8:59AM
"Yes, certainly enlightening to associate trading with poker game. I would love to know the decision making process and what determines the best odds!
Have been watching your videos...looking forward to this one." - Henry A.
December 29, 2010 8:58AM
" I like the idea, because we all need a "poker face" for trading. I for one need to learn how to not put my emotions on the table when placing a trade" - Lynley P.
Reply from Ken: Hi Lynley - I agree... in fact that's one of the biggest differences between pro traders (and poker players for that matter) and all those who struggle and lose, is the ability to trade like a machine; for example I honestly don't care if a given trade goes my way, "it's the next of a 1000 trades" is a good mental mindset to have, so you don't get too attached to any one trade... scaling up by starting small (like a small blind or ante) vs going "All in" from the beginning, is part of it, I'll explain more in the webinar. Thanks for your comment, makes sense.
December 29, 2010 8:52AM
"Ken...love your continuing education..this fits right in..." - William B.
December 29, 2010 8:52AM
"Both trading and poker require sound money management, a distancing from emotions and iron discipline -- most traders struggle with one or more of these. I look forward to a great and very useful seminar!".. Philip P.
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