Trading and the Comeback Mindset: A Conversation with Don Miller, Part 2
In Part 2 of our interview, Don Miller talks about what poker has taught him about trading, and what strategies he uses to make sure he has the optimal mindset for trading success every single day.
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Casino poker language:
- WHEEL - A-2-3-4-5. Usually discussed in the context of lowball where it is the best possible hand. Can also refer to a 5-high straight in high games. Also: BICYCLE.
- OPENER - The player who opens the betting, especially in draw poker. A hand may have no openers, in which case it is PASSED OUT, i.e., new hands are dealt.
- POT - The total amount of money bet so far in a hand.
- OMAHA - A variant of Hold'em where each player receives 4 hole cards and must use exactly two of them (together with 3 of 5 board cards) to make a hand. Often played high-low split with an 8 qualifier for low.
- FLOP GAME - Any of a number of poker games where a flop is dealt.
- FREEZE-OUT - A table-stakes game that continues until a small number of players (possibly only one) has all the money. The major event in The World Series of Poker is a freeze-out game.
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