Monday, April 30, 2007

Friday, April 13, 2007

Movie recommendation for traders

Go get this movie!!!!!!!!!!!

I just saw for the first time the 1998 movie Rounders , Starring Matt Damon and Edward Norton.

I looked up the term "rounder" from Wikipedia:

A rounder is a card shark who makes his/her living entirely at playing cards.

The term rounder carries a certain respect amongst card players, as they know anyone with that title knows their way around a table and is a person to be taken seriously. The term sometimes also implies a player making a living by "hustling" less experienced players.

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I enjoyed the movie immensely. Without giving too much of the story away for those of you that have not had the pleasure, there were two things that stood out for me in the movie:

1. In the beginning of the movie Mike (Matt Damon) described working a "grind" playing poker.

2. When Mike accused Joey Knish (played by John Turturro) for not having the stones to play
the big bets.


I highly, highly recommend this movie for all traders. I imagine the newer traders will see one side of the card playing, where as the more experienced trader will pick up on #1 and #2 mentioned above as being the absolute parallel in consistent trading. I will comment more on #1 and #2 at a later post.

Oh here is another website related to the movie.