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SteadyTrade

Ep 172: From Poker Pro to Trading Bro: Stephen Shows His Hand

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 3 November 2020

⏱️ 64 minutes

🧾️ Download transcript

Summary

Is there a strange connection between trading and poker? Can playing poker make you a smarter, more consistent trader?SteadyTrade co-host Stephen Johnson came to trading following a stint as a professional poker player.Regular listeners may also remember that in Episode 158, we profiled Ray D. of Confessions of a Market Maker — another pro poker player turned trader.On today’s episode of SteadyTrade Podcast, Stephen and Kim Ann Curtin go on a fact-finding mission to figure out if there’s real...

Transcript

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0:00.0

So in trading, look, do some patterns not work for a while? Yeah, like first red days didn't work when, do you know, when all of the influx of traders come in, first red days, stop working, gap at, like, my system, I've had to change. So it's weird, like, my system that worked very well in January, February Marching April, in May and June, in July, in August. I changed it maybe in September and October.

0:23.1

I changed the system.

0:24.2

If I carried on with that system, I'm losing.

0:26.9

Big time.

0:27.9

So you have to change your system sometimes.

0:30.2

Yeah.

0:30.7

Because situations change and context changes.

0:43.0

You're listening to the Steady Trade podcast.

0:49.5

A podcast that inspires traders to make meaningful strides and pursue their passions.

0:54.6

Your hosts are Tim Bowen, the lead trainer at Stocks to Trade Pro, Kim Ann Curtin, the Wall Street coach, and Stephen Johnson,

0:58.8

the up-and-coming trader who's always willing to learn.

1:01.9

Together, we'll sit down with experts to talk about their process,

1:05.4

the lessons they've learned, and discuss how all traders can level up their trading careers.

1:15.6

Welcome back to the Steady Trade podcast. Today, it's Stephen Johnson and me, Kim,

1:21.5

Ann Curtin, and we're going to miss Tim. He's not with us today. But we have an exciting

1:27.0

episode for you today. We're going to talk him he's not with us today but we have an exciting episode for you today we're

1:28.5

going to talk a little bit about the benefits of having been a professional poker player

1:34.9

stephen's going to talk on that because if you guys recall he used to be a professional

1:39.4

poker player uh i recently became friends with ray from confessions of a Market Maker. He too was a professional

1:46.8

poker player and he recommended a book to me that blew me away. So that is what today's topic is,

1:53.9

whether being a poker player and or being really familiar with some of the techniques that

2:00.5

poker asks of us if that contributes

...

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