{"id":2921,"date":"2020-07-28T11:56:07","date_gmt":"2020-07-28T18:56:07","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=2921"},"modified":"2020-07-28T16:31:12","modified_gmt":"2020-07-28T23:31:12","slug":"ep-158-ray-d","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/ep-158-ray-d\/","title":{"rendered":"Ep 158: From Pro Poker Player to Newbie Trader: Interview With Ray D."},"content":{"rendered":"<div id=\"backtracks-player\" style=\"max-width: 100%;\" data-bt-embed=\"https:\/\/player.backtracks.fm\/st\/steadytrade-com\/m\/ep-158-from-professional-poker-player-to-newbie-trader-interview-with-ray-d\" data-bt-theme=\"dark\" data-bt-show-description=\"false\" data-bt-show-comments=\"false\" data-bt-show-art-cover=\"true\"><\/div>\n<p><script>(function(p,l,a,y,e,r,s){if(p[y]) return;if(p[e]) return p[e]();s=l.createElement(a);l.head.appendChild((s.async=p[y]=true,s.src=r,s))}(window,document,\"script\",\"__btL\",\"__btR\",\"https:\/\/player.backtracks.fm\/embedder.js\"))<\/script><\/p>\n<p><span style=\"font-weight: 400;\">Poker is an extremely high stakes game that requires a carefully cultivated strategy \u2014 kind of like trading.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In today\u2019s episode, co-hosts Stephen Johnson and Kim Ann Curtin talk with Ray D., a professional poker player who recently added trading to his repertoire. He\u2019s also the co-host of the podcast <\/span><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/confessions-of-a-market-maker\/id1467786723\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Confessions of a Market Maker<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Listen in to learn how playing poker was the ultimate training for Ray\u2019s trading, what strategies he follows now, and the challenges he\u2019s faced so far.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">About Ray D.<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Turns out, Stephen\u2019s not the only poker player who progressed to trading! Ray began playing poker at around 21 years old.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At first, he played part-time while maintaining a sales job. As his earnings grew, he upgraded to playing poker professionally on a full-time basis, even taking part in the World Series.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Trading is a relatively new development for Ray. He\u2019s less than a year into his journey, and he\u2019s already had plenty of twists and turns!\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Trading and Mental Demons<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Ray identifies as a highly emotional person. So dealing with emotions as both a poker player and a trader has proven challenging.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ray shares how trading has forced him to battle his own mental demons.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The swings of winning and losing can be intense. Ray talks openly about how for him, hot streaks can lead to cockiness. This almost always leads to a big down streak and huge bouts of self-doubt.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stephen shares his own experiences, and both traders share the tricks they use to psych themselves out of this unhealthy cycle.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Intuition Follows Data<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Trading can be very counterintuitive in a lot of ways. Often, what a trader feels is a powerful \u201cgut instinct\u201d is just plain wrong in retrospect.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But that doesn\u2019t mean you should totally dismiss your inner compass. As you learned in <\/span><a href=\"https:\/\/www.steadytrade.com\/ep-151-jason-apollo-voss\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Episode 151 with Jason Apollo Voss<\/span><\/a><span style=\"font-weight: 400;\">, intuition can be a huge asset to traders.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So how can you keep it in balance? When should you trust your instincts, and when should you seek more information?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kim, Stephen, and Ray talk about this loaded topic from several angles &#8230; Whose opinion do you agree with?<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Ray D.\u2019s Trading Progression<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Smart trading is all about finding and honing an edge. Ray talks about his pivot from poker to trading, and how his journey has unfolded. Like many traders, he tried a few things \u2014 futures, equities, and more \u2014 before settling on an approach that works for him.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He talks about how he started modeling his trading hand as he would a poker hand. Learn how he\u2019s kept positions small and reports seeing profits. His approach involves short swings and occasional day trades, depending on how a given stock is performing.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Maintaining Balance\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Listen up, traders: it\u2019s not about working all the time. Or as Ray D. puts it, \u201cmore effort doesn\u2019t always equal more money.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He talks about why it\u2019s so important to avoid trader burnout. After all, if you show when you don\u2019t feel like trading, it can reflect in your results.\u00a0\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Ray D.: What Does it Take?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Traders of all levels will love hearing what Kim, Stephen, and Ray have to say about what it takes to find balance and consistency as a trader.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Learn why humility is important, but confidence is important too \u2014 and why Stephen says \u201cThere\u2019s no Plan B for me.\u201d<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Confessions of a Market Maker Podcast\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Ray is the co-host of the popular podcast Confessions of a Market Maker, which has featured guests including Dr. Brett Steenbarger (author of \u201c<\/span><a href=\"https:\/\/amzn.to\/2GQLjet\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">The Daily Trading Coach<\/span><\/a><span style=\"font-weight: 400;\">,\u201d a <\/span><a href=\"https:\/\/www.steadytrade.com\/trading-coach\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">SteadyTrade Book Club pick<\/span><\/a><span style=\"font-weight: 400;\">) and Michael Nauss, to name a few.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Learn how the experience of podcasting has proven instrumental in Ray\u2019s trading journey!\u00a0<\/span><\/p>\n<p><em>(As an Amazon Associate, we earn from qualifying purchases.)<\/em><\/p>\n<h2><span style=\"font-weight: 400;\">Connect With Ray D.<\/span><\/h2>\n<p><b>Twitter:<\/b> <a href=\"https:\/\/twitter.com\/allxdayxrayx?lang=en\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">@AllxDayxRayx<\/span><\/a><\/p>\n<p><b>Podcast Twitter:<\/b> <a href=\"https:\/\/twitter.com\/marketmakersins?lang=en\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">@MarketMakerSins<\/span><\/a><\/p>\n<p><b>Podcast: <\/b><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/confessions-of-a-market-maker\/id1467786723\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Confessions of a Market Maker<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Got a Pressing Question?\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Curious about something in this episode \u2026 or about trading in general? Get in contact!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remember: if we choose your question as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on <\/span><a href=\"https:\/\/www.youtube.com\/user\/stockstotrade\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">YouTube<\/span><\/a><span style=\"font-weight: 400;\">!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.<\/span><\/p>\n<p><b>Fan of the episode? Please leave a review on <\/b><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/steady-trade-the-profitable-side-of-trading\/id1275946076?mt=2\" target=\"_blank\" rel=\"noopener noreferrer\"><b>iTunes<\/b><\/a><b>.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Poker is an extremely high stakes game that requires a carefully cultivated strategy \u2014 kind of like trading.\u00a0 In today\u2019s episode, co-hosts Stephen Johnson and Kim Ann Curtin talk with Ray D., a professional poker player who recently added trading to his repertoire. He\u2019s also the co-host of the podcast Confessions of a Market Maker.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":2922,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ep 158: From Pro Poker Player to Newbie Trader: Interview With Ray D. - SteadyTrade.com<\/title>\n<meta name=\"description\" content=\"In today\u2019s episode, co-hosts Stephen Johnson and Kim Ann Curtin talk with Ray D., a professional poker player who recently added trading to his repertoire.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.steadytrade.com\/ep-158-ray-d\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ep 158: From Pro Poker Player to Newbie Trader: Interview With Ray D. - 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