7Juicer

[Poker is] as elaborate a waste of human intelligence as you could find outside an advertising agency.
— Raymond Chandler

Here is a little puzzle that may stymie many a professional trader. Sup- pose a certain stock exhibits a true (geometric) random walk, by which I mean there is a 50–50 chance that the stock is going up 1 percent or down 1 percent every minute. If you buy this stock, are you most likely—in the long run and ignoring financing costs—to make money, lose money, or be flat?

I am interested to see what you guys think the answer is?

I need to print this quote and attach it to my workstation:

“The temptation to quit will be greatest just before you are about to succeed.”

This is a blog that nearly every trader reads and I think it is very relevant to poker players also. It deals mainly with psychology, winning and peak performance and winning. You will find most concepts although designed for traders can be directly applied to poker player’s.

“An important premise of this series of posts is that elite levels of performance and success can be modeled. Greatness is a manner of approaching life, not simply a trait that is present from birth. Read Full Article

I have been doing a lot more trading stuff then poker of late and it made me think about this article I wrote a while ago. I hate to cross post but I think this article shows how similar trading and poker are. Enjoy
p.
Trading and Poker

An interesting interview:
YouTube Video

I have to say I am very impressed with my new mac. It is the perfect grinding computer still getting everything setup. To give you an idea of the resolution of this thing there are two screen shots shown below. I had to reduce the image quality to upload.

There was a landmark decision today in the Federal Court surrounding file sharing. Here is the crux of the case:
The suit against iiNet was filed in November 2008 by a group of the biggest Hollywood studio including Village Roadshow, Universal Pictures, Warner Bros, Paramount Pictures, Sony Pictures Entertainment, 20th Century Fox and Disney, as well as the Seven Network.

They claimed iiNet was liable for ‘‘authorising’’ copyright infringement on its network because it did not warn or disconnect offending customers when repeatedly notified of the infringements by the movie studios.

The studios had hired an online investigator firm to intercept BitTorrent traffic over 59 weeks and record instances of iiNet users downloading pirated movies.

iiNet argued that it was not required by law to act on ‘‘mere allegations’’ of copyright infringement, that customers were innocent until proven guilty in court, and that the case was like suing the electricity company for things people do with their electricity.

But during the trial iiNet’s managing director Michael Malone conceded that the notices provided by the movie studios presented “compelling evidence” of copyright infringement by iiNet customers.

However, iiNet’s legal counsel, Richard Cobden, said privacy provisions in the Telecommunications Act prevented it from forwarding the studios’ infringement notices to customers.

He said iiNet was also protected under Safe Harbour provisions of the Copyright Act, which limit an ISP’s liability if it takes ‘‘reasonable steps’’ to deal with repeat copyright infringers.

This is my new poker mantra when I am playing any Stud games. Before I make a decision on each street I STOP and ask myself: What Would Joe Tall Do?

Scoop
Scoop
Scoop

WBCOOP 8 Game Event 3rd Place
Finally after four events I won a $215 SCOOP ticket. The play in this event was pretty bad and there was some very easy money early. I played nearly every Triple Draw hand that had two cards under 8. I am happy with most of my play during this tourney, I really need to learn PLO. This was the first tourney I have Final Tabled that had a rail talking smack for the most part.

I am really starting to enjoy playing Stud, Stud H/L and Razz. I played like a complete NIT during the Omaha games but that kept me out of trouble.

My Exit Hand
I really think I misplayed this hand we were three handed and small blind had three bet me previously and was opening light. So I decided to 4 bet shove AK.

AK vs A8

Hopefully I can cash in the last event or better yet cash in the main event.