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Quick takeaways
- Success as a trader requires perseverance and the ability to adapt to changing market conditions.
- Playing poker can enhance trading skills by teaching bankroll management, patience, and emotional control.
Deep dives
Early introduction to trading and interest in gambling
Michael, a trader with 16 years of experience, discusses how he got started in trading after a friend introduced him to it during a transition period in his life. Although he initially had no interest in a trading career, his background in gambling sparked his curiosity. He began trading in the early 2000s, a time when the market was vastly different, with tape reading as the primary method and no charts. Michael took a chance on trading, viewing it as an opportunity during a tough job market, and started learning the ropes.
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