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To: Jerry Olson who wrote (113627)	9/10/2000 11:46:18 AM
From: lee kramer	Read Replies (2) \| Respond to of 120523

Doc Kronkite wanted to put me into "deep analysis" again. But I refused. "No doc, no more deep analysis." I told him. "Freudian analysis, fine. Technical analysis, absolutely. But deep-analysis, feh." "You turn away from my deep analysis? We made remarkable progress last week." he said. "That's the problem doc. You say I made great progress. But when I came out of deep-analysis last week I didn't remember a thing. I'm scared doc. What if I say something really bad?" "Bad? In deep-analysis there is no good or bad, just memories that I dredge up from your past. It the the only path left if you want to become a great trader. You do want to become a great trader?" Damn, he was good. "Sure I want to become a great trader doc." "Then assume the position on the couch boobeleh. Of all my trading patients you are the one I have chosen for deep-analysis. Trust on me. I'm a specialist you know." "I know doc" I said. "I'm the only one you chose for deep-analysis?" "The only one." he confirmed. "Tell me again what I said when you regressed me last week doc, I'm still kinda nervous." "I took you back to 1961 and you talked about "The Hustler" with Paul Newman and Jackie Gleason for an hour. Your had some good insights. You analogized between playing pool for money and trading. I'm going to devote an entire chapter on it in my new book, "The Truss: Friend or Foe...the Sequel." "But doc, what good does it do me if I can't remember it?" "You don't have to remember it...your sleeping mind remembers it, it's always awake. Now where do you want to go this week?" "Secaucus?" "Stop already with the jokes. This is serious business." "Well doc, I have a feeling that 1959 was an important year. "1959? What happened in 1959?" he asked. "I don't know doc, it's just a feeling." "Alright, 1959. And I'll tape our session so you can take it home and listen later. Play it for Dortmunder." "Thanks doc." And suddenly I was back in 1959. I was 16. It was a Friday night; Friday night was always poker night and I was playing poker with my buddies: Johnny, Boobsy, Jeff, the Briz, Benny and Woe. Dime, quarter, half. Three-bump limit. The Briz was dealing his favorite game, 5-stud. The Briz always came to the game with much more money than anyone else. He loved to build up the pots by betting and bumping and driving as many of us out as possible. The Briz usually won; Johnny usually won, the others including me sometimes won, sometimes lost. Woe almost always lost, he was the "pigeon"; he was terrible and you knew what he had by watching his hands. Whenever he began counting his money he had a winning hand. Everyone dropped like flies. The pots he took in were always small. He never figured it out. I usually brought about $30 to the game, the most I could afford to lose. That was a lot of money back then. I looked down. I had about $20 in bills in front of me and a five tucked into my shirt pocket. It was getting late and someone said "once around the table." With seven hands to go I was looking for one good pot to make it a winning night. Briz deals everyone two cards, one up one down. The Briz has a queen up, high on the table, so he begins the betting. "Dime" he says automatically, and everyone tosses in a dime but Woe, who says "Bump a dime". Woe's showing a 10 so we all know he's got a 10 in the hole. The Briz says, "Bump you a dime." Everyone sees the bet. Briz deals the next card. I look around the table. I don't see much. I've got a queen down and a jack and a 9 showing. The Briz deals himself a second queen. Woe picks up a second 10, so we figure him for three 10's. Benny has a queen up. "Check" says the Briz. Johnny folds, Benny folds. I should fold, but I toss in the quarter. Woe says "Bet a quarter." We toss in the quarters. The Briz says "Bump YOU a quarter." We toss in our quarters but Woe hesitates. He's afraid that the Briz has three queens. He finally tosses in his quarter. Next to last card. Nobody improves on the board. I pick up a 10. I've 9-10-jack showing with a queen in the hole. I need a king or an eight for a straight. I look around the table, see one king out, no 8's. Briz still opens the betting with his two queens. "Half a buck." he says. Two others fold. Woe sees the bet. I see it and raise it another 50 cents. The Briz sees the bet and bumps it 50 cents. It's a buck to Woe. Woe looks at Briz's hand, looks at mine, back to Briz's... and folds with his three 10's. Last card. Briz deals me the 8 I need for the straight, deals himself a 5. He's got two queens and two 5's showing. Has he got the last queen in the hole? "Wanna up the bet to $1?" he asks me. "Ok" I say. He tosses in a dollar. I raise him a dollar. He raises me back. I think he's trying to buy the pot, don't think he's got the queen, but I'm not sure. I call him. "Take it he says." I turn my cards face down, haul in the pot. "Did you have the straight?" Woe asks. Before I can reply the Briz says "You wanna see the cards, you gotta pay." The doc woke me up, told me that I talked about a poker game back in 1959. "So how'd I do doc?" I asked. "You won a nice pot boobeleh. "But what does it mean doc... for my trading? I asked. "I think the seeds of your day-trading were firmly planted when you were 16. Perhaps earlier even. My preliminary analysis indicates that what you learned in poker you have transferred to trading. Did you maybe pitch pennies when you were 5 years old? Did you trade baseball cards when you were eight?" "How'd you know doc?" Mmmm. Very significant. Two deep analysis sessions and you talk about pool hustling and poker. Very significant. Take home the tape. Play it. Make sure Dortmunder listens. I want to see both of you next week for more deep analysis. Have you ever had any interest in horses, betting on horses maybe? "Sure doc." "Just as I suspected. Next week I think we might find ourselves at a race track. And we shall talk about poker and pool and betting and how it all relates to your trading. Be here 7 o'clock sharp. Great progress we are making." "Thanks doc." Lee Kramer