Dec 26, 2017
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Many of the same skills that you need to play good poker are the same that you need to trade well.
Something I realized was that a lot of people who are really, really good traders were good poker players at the same time, because they had the same types of skills. Currently, the best poker player in the world is a guy named Phil Hellmuth. Phil, and he’s also known as the poker brat. In fact, he’s got a book out called the poker brat.
Now, I don’t know if he is the best in the world. I think he’s probably the best because he has the most rewards, and accolades, and what they call bracelets, and tournament wins, so I’m just going to say that he’s the best. I don’t really care. For the sake of this podcast I’m going to call him the best. Please don’t write in, and email me, and call me and tell me, “Hey, this guy’s not all that, he sucks.”
I don’t really care, but what we are going to be talking about is what I learned from this guy. Recently I just heard a interview with him where he's being interviewed by somebody else, and there were a couple things that really stood out to me that can actually be directly applied to trading, and that can make you a better trader just by implementing these things.
I wanted to take the time out in this episode to actually go over both of these in a little detail so that you can take away some of the skills that this guy already has that he uses at a world-class level.
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