Saturday, November 29, 2008

working the floor

Since I last posted I've been working full-time night shifts training to be a croupier at the casino. So I've been busy.

Today I had my first shift on the actual gaming floor. Within the first 5 minutes I had a $10,000 fill (coming from the cage) to complete with security. 20 minutes later I'm paying out 297 chips with a cash component of $1,800. I also had some opportunist come by trying to steal someone else's chips. One of my mates had a patron steal another patrons chips, and this is all within the first hour of being on the gaming floor.

There is this awesome buzz and excitement on the floor, and an emotional intensity amongst patrons which can quickly turn into extreme anger, aggression and frustration or into euphoria.

At the moment I'm dealing roulette, which has heaps of addicts coming up with systems to beat the house. I also deal sic bo and big wheel and my next games are going to be either baccarat or poker.

I think that once I become alot better at dealing and be able to pay more attention to the behaviour of patrons I'll pickup alot of interesting psychology lessons.


I've moved to watching the Asian markets, primarily the Hang Seng but I also have up DOMs for SGX Nikkei, SPI, Taiwain and Kospi. I'm very comfortable with having many DOMs up now - before I struggled - but concentrate mainly on the HSI. Also when I come home, which can be from 1am-6am in the morning, i'll fire up the ES, DAX, US & Euro fixed income, commodities and currency futures to jot down global market relationships and patterns in my journal.

I've put on a few position trades but the environment has been really tough and I've lost money pretty much every new idea i've had.

I begin my studies next year and am looking to build up a big stake throughout this period so I can move to trade interstate or overseas once I complete uni.