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What poker taught me about investments.

April 9th, 2008 · No Comments

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I found this poker play from 2006 saved away on my computer.
I kept it around as a reminder about certain principles that
 poker has taught me that can be applied to investments.
  1. There will be profits and there will be losses.
  2. Look for oppurtunities to maximize your gains and minimize your losses.
  3. It is good to listen to your gut, but trust the numbers,probablility,whatever. Be real.
  4. Patience, Patience and Patience.
  5. Opportunities to profit eventually arise. The larger stack dominates the table. Be Liquid.
  6. Money flows out far easily than it flows in. Sit on your stack
  7. Be logical not emotional. Don’t get them mixed up.(Just like your mistress and wife)
  8. Avoid Tilt. Everyone Tilts. Walk away….walk away on the first sign.
I like this play because it represents the ideal mix of gut and numbers
(and the fact that I won this hand). So here it is.
1/2 Texas Hold’em Game Table (Limit)
Table Beginners 1067501 (Real Money) — Seat 7 is the button
Total number of players : 10
Seat 1: TurtleYurtle ( $49)
Seat 2: tre4545 ( $50.25)
Seat 3: induscrede ( $46.50)
Seat 4: discostutwo ( $47.50)
Seat 5: StubbornMule ( $40)
Seat 6: scoot_scoot ( $99.13)
Seat 7: somewayj ( $40)
Seat 8: jonesie2327 ( $75.50)
Seat 9: mrkyuss ( $59.25)
Seat 10: craze530 ( $62.50)
 
jonesie2327  posts small blind (0.50)
mrkyuss  posts big blind (1)
StubbornMule  posts big blind (1)
** Dealing down cards **
Dealt to induscrede [ 6d, 6s ]
craze530 calls (1)
TurtleYurtle folds.
tre4545 calls (1)
induscrede calls (1)
discostutwo folds.
StubbornMule checks.
scoot_scoot raises (2) to 2
somewayj calls (2)
jonesie2327 folds.
mrkyuss calls (1)
craze530 calls (1)
tre4545 calls (1)
induscrede calls (1)
StubbornMule folds.
** Dealing Flop ** :  [ 3s, 6h, 9s ]
mrkyuss checks.
craze530 checks.
tre4545 checks.
induscrede bets (1)
scoot_scoot raises (2) to 2
somewayj folds.
mrkyuss calls (2)
craze530 calls (2)
tre4545 folds.
induscrede raises (2) to 3
scoot_scoot raises (2) to 4
mrkyuss calls (2)
craze530 calls (2)
induscrede calls (1)
** Dealing Turn ** :  [ Jd ]
mrkyuss checks.
craze530 checks.
induscrede bets (2)
scoot_scoot raises (4) to 4
mrkyuss calls (4)
craze530 calls (4)
induscrede calls (2)
** Dealing River ** :  [ 6c ]
mrkyuss checks.
craze530 checks.
induscrede bets (2)
scoot_scoot calls (2)
mrkyuss calls (2)
craze530 folds.
** Summary **
Main Pot: $50.50 | Rake: $1
Board: [ 3s 6h 9s Jd 6c  ]
TurtleYurtle balance $49, didn’t bet (folded)
tre4545 balance $48.25, lost $2 (folded)
induscrede balance $85, bet $12, collected $50.50, net +$38.50 [ 6d 6s ] [ four of a kind, sixes — Jd,6d,6s,6h,6c ]
discostutwo balance $47.50, didn’t bet (folded)
StubbornMule balance $39, lost $1 (folded)
scoot_scoot balance $87.13, lost $12 [ Kc Kd ] [ two pairs, kings and sixes — Kc,Kd,Jd,6h,6c ]somewayj balance $38, lost $2 (folded)
jonesie2327 balance $75, lost $0.50 (folded)
mrkyuss balance $47.25, lost $12 [ Kh 3d ] [ two pairs, sixes and threes — Kh,6h,6c,3d,3s ]
craze530 balance $52.50, lost $10 (folded)
 

Tags: Business · Business rant · Random Ramble · Something to ponder upon

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