Ep 158: From Professional Poker Player to Newbie Trader: Interview With Ray D.

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6 • 589 Ratings

🗓️ 28 July 2020

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Poker is an extremely high stakes game that requires a carefully cultivated strategy — kind of like trading. In today’s episode, co-hosts Stephen Johnson and Kim Ann Curtin talk with Ray D., a professional poker player who recently added trading to his repertoire and acts as the co-host of the podcast Confessions of a Market Maker. Listen in to learn how playing poker was the ultimate training for Ray’s trading, what strategies he follows now, and what challenges he’s faced so far.

Transcript

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0:00.0	I guess why I gravitated towards online poker is because I could, I mean, well, one, I made more, I would make more money playing online because I could play more tables.
0:12.0	I could see way more hands an hour, right?
0:14.4	Because you don't have to wait for the dealer to shuffle the cards to deal them out.
0:17.6	It's just, it's so much quicker.
0:18.9	The face is so much quicker.
0:20.3	So my edge would be amplified through quantity.
0:25.3	Even though the players, even though the majority of players online are actually better players,
0:29.2	then you would find them to get.
0:33.4	You're listening to the Steady Trade podcast.
0:37.8	A podcast that inspires traders to make meaningful strides and pursue their passions.
0:44.2	Your hosts are Tim Bowen, the lead trainer at Stocks to Trade Pro, Kim Ann Curtin, the Wall Street Coach, and Stephen Johnson, the up-and-coming trader who's always willing to learn.
0:56.0	Together, we'll sit down with experts to talk about their process, the lessons they've learned,
1:01.5	and discuss how all traders can level up their trading careers.
1:07.6	Welcome back, everybody, to the Steady Trade podcast to me today.
1:11.6	Me and Steven Johnson are very excited to interview Ray, the creator of Confessions of a Market Maker.
1:20.1	I've listened to his podcast.
1:22.5	I know he's usually the one creating the interview, so I'm excited to have him in the hot seat today. So welcome, Ray, thank you for coming on the show today. I'm excited to have you here. Yeah, and I really appreciate you guys. Having me should be interesting being on the other end. It should be fun. Yeah, yeah. Well, hopefully we won't make it too painful. But Stephen, I can't promise he wants him have some out-of-the-box
1:45.3	questions. So, take it easy on me, please. No, but, no, I'm excited because I've spoke to some
1:52.6	blackjack players who've become traders, but I've never spoke to some poker, poker players who
1:59.0	become traders. I just caught some of that on your last interview, and I was just, I was just curious how
2:03.6	far did you go?
2:05.3	Because I was playing in Newcastle in England, made some cash and went to Australia.
	...

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