Poker professionals make great Wall Street traders
Skills that define successful Wall Street traders rational approach toward risk, speedy decision-making under pressure, discipline and a well-trained memory are the same ones that separate elite poker players from those known as “dead money,” financial recruiters say.
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Poker argot:
- PAY STATION - A player who rarely folds, thus who frequently calls better hands and loses. Almost as much fun as a LIVE ONE.
- S&M - Sklansky & Malmuth. Generally refers to the ideas and algorithms published by these two authors. When used in a 7-card stud context, often refers to "7 Card Stud For Advanced Players", and when used in a Hold'em context, often refers to "Texas Hold'em For Advanced Players".
- FLOP - [1] In Hold'em, the first three community cards, dealt simultaneously. [2] To deal a flop, or to make a hand on a flop. "I flopped trips".
- RERAISE - To raise after an opponent has raised.
- SHOWDOWN - The point at the end of the hand where all active players reveal their cards and the pot is awarded to the winner(s).
- HIT - To make a hand or catch a card or cards that improves one's hand. "I hit a gut-shot draw on the river."
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