Photographer: Ron Antonelli

Odd Lots: Poker Legend Phil Hellmuth Has Some Advice That Every Trader Should Hear

How to avoid going on tilt while trading.

 

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Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance and economics.

Phil Hellmuth is one of poker's biggest stars. His success is undeniable, as he's won 14 bracelets at the World Series of Poker, which is more than anyone else. And his outsized personality at the table has earned him the nickname "The Poker Brat."

But while Hellmuth may be known for his outbursts and colorful behavior, he's actually one of the most disciplined players the game has ever seen. In this week's episode of Odd Lots, Phil explains to us how he manages risk, how he avoids going on "tilt," how he prepares for big tournaments, and how he keeps a fundamentally optimistic outlook on life. He also offers three simple words of advice for everyone who trades.

 

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