Saturday, August 18, 2007

Brandon Adams in the stock market and playing on FTP

I'm off to a good start in the $2500 FT tourney..... Full Tilt Poker Game #3291747957: FTOPS Event #12 (23186107), Table 56 - 25/50 - No Limit Hold'em - 16:52:16 ET - 2007/08/18 Seat 1: Bausi (4,605) Seat 2: bashpup (6,775) Seat 3: theusual06 (9,890) Seat 4: Brandon Adams (3,590) Seat 5: 1zzz1 (3,629) Seat 6: boltsva (12,315) Seat 7: TheComeUp (4,775) Seat 8: PickyTooth (7,717) Seat 9: RaidenWins (3,021) bashpup posts the small blind of 25 theusual06 posts the big blind of 50 The button is in seat #1 *** HOLE CARDS *** Dealt to Brandon Adams [Qd Qs] WhoTheHeIlFartd (Observer): This kicks ass, everyone should go t0 www.instantpokerpromo.com Brandon Adams has 15 seconds left to act Brandon Adams calls 50 1zzz1 folds boltsva folds TheComeUp folds PickyTooth folds RaidenWins calls 50 Bausi raises to 250 bashpup folds theusual06 folds Brandon Adams has 15 seconds left to act Brandon Adams calls 200 RaidenWins calls 200 *** FLOP *** [Jh Qh 4s] Brandon Adams has 15 seconds left to act Brandon Adams checks RaidenWins has 15 seconds left to act RaidenWins checks Bausi has 15 seconds left to act Bausi bets 750 Brandon Adams has 15 seconds left to act Brandon Adams raises to 3,340, and is all in RaidenWins calls 2,771, and is all in Bausi calls 2,590 Brandon Adams shows [Qd Qs] RaidenWins shows [Th 8h] Bausi shows [Ad Qc] *** TURN *** [Jh Qh 4s] [Jd] *** RIVER *** [Jh Qh 4s Jd] [Kh] Brandon Adams shows a full house, Queens full of Jacks Bausi shows two pair, Queens and Jacks Brandon Adams wins the side pot (1,138) with a full house, Queens full of Jacks RaidenWins shows a flush, King high Brandon Adams wins the main pot (9,138) with a full house, Queens full of Jacks RaidenWins stands up *** SUMMARY *** Total pot 10,276 Main pot 9,138. Side pot 1,138. | Rake 0 Board: [Jh Qh 4s Jd Kh] Seat 1: Bausi (button) showed [Ad Qc] and lost with two pair, Queens and Jacks Seat 2: bashpup (small blind) folded before the Flop Seat 3: theusual06 (big blind) folded before the Flop Seat 4: Brandon Adams showed [Qd Qs] and won (10,276) with a full house, Queens full of Jacks Seat 5: 1zzz1 didn't bet (folded) Seat 6: boltsva didn't bet (folded) Seat 7: TheComeUp didn't bet (folded) Seat 8: PickyTooth didn't bet (folded) Seat 9: RaidenWins showed [Th 8h] and lost with a flush, King high I took a bad beat in the markets yesterday. I woke up to see that Japan was down >5% for the second day in a row. S+P futures were down about sixteen (despite a strong earning report from HPQ). Customers of Countrywide Bank were lining up to take out money. All told, the signs were very encouraging for someone who was extremely short the market and extremely short Countrywide in particular. Then, an hour before the open, the Fed announced a surprise cut in the discount rate, and, boom, S+P futures were up 40 points in three minutes and I figured to lose some huge amount of money. I did in fact lose a huge amount of money, but I lost less than I might have b/c I shorted a lot more Countrywide when it hit 24 at around 10.45am. In a recent blog, SBRugby talked about how losses don't hurt anymore. This has almost always been true for me. I'm calm in the face of losses b/c they just don't hurt anymore. In markets, this is good because it allows you to make good bets when other people are fearful (in this case, weak shorts in Countrywide), but it's bad because it makes it more likely that you will lose everything. I need to strike a balance here because for the first time I have a fairly serious amount of money, an amount high enough that I'd have to go to therapy or something if I blew it away. I should have a good trip report from LA. There are some big cash games planned and the tournament should be huge. Brandon
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