“Missed” Flop
It is ironic that most Texas Hold’em books focus on what you should do on the “flop” when you “hit” good cards when in actual fact this happens in the minority of cases. Even more ironic is the way in which these books start off with flop strategies for the strongest hands – by definition the hands that are least likely to occur in the real world. In the majority of cases you will be missed by the flop and will not be hit by any cards that suit your pocket cards.
Therefore, it is vital that you can both realise when you have not been “hit” by the flop and realise what you should do at that point.
As an example of realising when you have not been hit despite appearing to be in a hopeful situation, if you have second or bottom pair with no overcards you may think that you are not in a poor situation. In reality, if there is any action on the flop from your opponents you should simply fold, analyse the rest of the play by your opponents, and look forward to the next hand.
In investing the analogy to a missed flop is where you have selected a stock based on certain criteria remaining in place or occurring and then those criteria fail to stay in place and / or occur after you have invested.
As with a missed flop in Texas Hold’em there are two options and they are based on the movement of the stock price after investment. If your screening criteria are no longer valid and the stock price has moved against you it is essential to exit the position as quickly as possible.
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