Friday, October 25, 2013

BlackJack

The minute I saw that Capty was passing out poker chips and cards, I was psyched.  I love poker and blackjack.  I wasn't really sure how it was supposed to apply to what we are working on right now but I didn't care.  As we played though, I really got a feel for what was going on and the whole goal for the game was and how it applied to the stock market.  The emotional part of the game was very similar to buying and selling stocks.  It seemed that those who allowed their emotions to govern them were the ones who kept losing.  Those who were in tune with the whole process were those who were looking at facts and statistics and using that to make decisions instead of simple emotion.  The stock market is the exact same way. Whenever I make a rash decision based on emotions rather than on facts and statistics, I very rarely see the outcome be in my favor.  On the contrary, when I look at facts and statistics, and make decisions based on those, often, I am much more satisfied with the end result.

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