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The Cooler, from Ken Drees

April 19, 2010 |

the coolerWhy is it that when I get a strong feeling that the market should do x, and if not then it will then do an strong inverse of x — the market throws a card called a "cooler"?

A "cooler" in poker is a card that cools off the drawing action of the bettors — for example a deuce that matches no suit after a flop of high cards with multiple drawing chances.

I should really fade every strong feeling I have, or at least temper my emotion and realize that I will most likely be wrong in some new way. Is it right therefore to be robotic and to turn off internals as much as possible?


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