Lost Shares & Poker

BACK!! For a while.. I have been pretty busy with school assignments, basically for the past one month plus every weekend. Exams will be on mid-november after which I will have a short getaway for about a week.

I haven't been trading at all since. But.. I was into shares, for like the second time in my life. I was listening to others, hearing rumors. There was a new IPO REITs offering which came out two weeks back.

the IPO was bought at 0.96, I contra-ed with my frens for a very high number of lots, we thought we could sell it for just a few clicks up. On the day we entered, it was at 1.15, it went up 5 clicks to about 1.2 on the same day, and went all the way down to range between 1.06 to 1.08 for the next few days.

I learned a heavy lesson here. In less than a week, an equivalent of two forex account was busted for this trade. Damn foolish. There is no absolute shit in th

is world.

Im taking a break tonight before I continue mugging tomorrow onwards for my upcoming exams. Double or Nothing tourney earlier. I was having the worst hands all the way, and my only wins were bluff. I dont remember how many 7-2 I picked up. But nevermind I still lost at 8th place.

There was a funny incident inside though. BB and two callers checked when flopped A 3 3. They checked all the way thru' river and the floor was finally A 3 3 3 3 - quads. Obviously the players in the hand have a confirmed share of their winnings for that game. One player went ALL-IN and the BB folded LOL.

Someone in the chat said sth like that:

only1Pro: lol nice fold

only1Pro: 1000% split and he folds :)

only1Pro: was afraid of the 5th 3?

Black.

Poker: Double or Nothing

Just want a short break away from my assignment. My head is busting from it. So I fired up my PokerStars and looked for a double or nothing game. Increased to "Low" games from "Micro". I was playing pretty tight from the start. And hands I went through to showdown I had all the pots early in the game.

I was number 2 in the stacks throughout basically. At one point, I was down till about number 5 out of 8 players left in the game of 10. The blinds were high. I

called with an A 6. Opponent shoved all-in post-flop when the flop came A J 5. I called.

A 6 vs A T. I thought I was fucked (mathematically I was).

Very quickly, turn came a 6. I sat up from my bed and yell "FUCKYAAA!!!!". I grabbed the pot and returned to number two, throughout the rest of the game. I was happy because this is my first game on slightly higher buy-in.

I miss about two flushes during the game by foldin

g pre-flop. Below is one of the screenshot I missed my full house, because two of them went all-in pre-flop. I had no reason to call against such aggressiveness although I had what I find a

moderate-strong card.

Result: +$4.60

Black.

Poker: 12 Aug

No trade this week. But I could still took notice of prices this week, and noticed Eur/Usd has fallen -400pips since last week's NFP.

Two matches, Double or Nothing tonight. Both won. First table with the highest chips left. Second table 3 (out of 6) of us All-In. I had pocket Js. One had big slick (A K). Then one K 8. Flop an ace. I thought that was it. But luckily, the big slick guy wins the pot and the remaining five wins the "double" prize, otherwise I would have left with very small stake.

Tomorrow I will be out with colleagues for drinks, so will not be poker/trading. For those of you who does, good luck!!

Result: +$1.70

Black.

Poker: 28 Jun - Finally.

Won two tourneys today. Sound impressive. But not really. What I played was "Double or Nothing". There are 10 players in this table, and as long as you make it to the top 5, you win a fifth of the pool. First one was easy. I almost got knocked out in the second table. This tournament has high winning ratio, but of course, the prize is not as attractive.

Just like risk:reward ratio in trading. You can win a lot of the time, small amount by small amount, and for that, high probability, becuz what you might be doing is close your trade whenever you're up +5 +5 +5, but let ur lose run. In a high risk:reward ratio, you might be doing things like -5 -5 -5 but when winning strikes it can cover or overcome the small loses you've been thru. A lot of stress/emotional tolerance is needed for the latter.

Another good news about is MY EXAMS PASSED!! Finally, I can look forward and embark my final year of part-time studies. This is truly a blessing.

No trades today.
Results: +$1.75

Black.