October 14, 2004

Texas Hold'em

The image “http://www.uglychart.com/pics/poker.jpg” cannot be displayed, because it contains errors.I was up late last night playing in my first Texas Hold'em tournament. I used my strategy for trading stocks - cut your losers and let your winners run. As with trading stocks, once you have a nice win, you have the cushion to scrap your losers and wait for another nice hand. The thing that got me last night were the increasing blinds. When you get that late in the game, you really need to change your strategy and play hands you otherwise would not, I think. It adds the element of time to the game - maybe a little like trading options.
Playing poker helped me to look at myself as a trader from a different angle. I was able to see some areas of my game that I need to work on.

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