The Natural Transition From Poker to Trading

My pivot from poker to trading happened organically around 2013, a few years after Black Friday (the day the DOJ shut down PokerStars and Full Tilt Poker). I realised that my coaching business was comprised of 95% poker players and if a similar event happened again, I could be in trouble. The old, don’t put all your eggs in one basket, really applied to my situation.

From Poker Players to Traders

At the time, I had steadily been getting more interest from forex and cryptocurrency traders who had picked up the poker books and remarked how much it applied to them. “Just change the word poker to trading and you’ve got yourself a new book!” was something I’d often hear from them. One thing led to another, and I steadily built up a roster of clients from the trading scene. Added some speaking engagements for a few trading firms, and landed a long-time gig with one institutional firm. (NDA prevents me from disclosing any details.)

As I got deeper into trading, the parallels between poker and trading became more obvious, but also the differences. 

Trading, as a game, is far less defined than poker and the game can change at any time. This makes trading exciting and provides a lot of opportunity to make it what you want. But it also makes the importance of a strong mental game even more important than in poker – fortunes can be made and lost in a flash. Just look at what happened to Bill Hwang.

Start to Improve Your Trading Results

The Mental Game of Trading has a distinct value from the other trading psychology books. Providing practical and actionable step to permanently solve the costly problems in your trading. Click here to download the first chapter, or for links on where you can pick up a copy.

And for you crypto traders, I specially added Bitcoin, Ethereum, Litecoin and Dogecoin as payment methods to purchase the book.

Written by Jared Tendler

April 21, 2021

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