This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

King Me

The stock market should clearly be taking the summer off; you're planning on heading to the beach, visiting relatives or relaxing by a pool.

So the focus now has to move from the competitive thrill of trading in the markets to the only thing that's important in the summer -- making sure you trounce every other family member and friend at all the critical games, notably Scrabble, poker and chess.

While all three games are relatively difficult to master, to be able to defeat the casual player requires only two things: your store of trading knowledge and a few simple tips, which you can absorb in a matter of minutes.

Scrabble Savvy

You want to dominate at this game so fiercely that people will think you've memorized the dictionary. Here's a few essentials.

First, know all of the legal two-letter words:

AA AD AE AH AI AM AN AR AS AT AW AX AY BA BE BI BO BY DA DE DO EF EH EL EM EN ER ES ET EX FA GO HA HE HI HO ID IF IN IS IT JO KA LA LI LO MA MI MU MY NA NO NU OD OE OF OH OM ON OP OR OS OW OX OY PA PE PI RE SH SI SO TA TI TO UN UP US UT WE WO XI XU YA YE

Note: these are the legal two-letter words in the Official Scrabble Dictionary, version 3. If your cousin happens to have version 4, which was just released, then you'll also need to know FE OI QI KI ZA. And be prepared to scoff and say, "Didn't you know that 'za' is slang for pizza in California?"

You will often be questioned on the definitions of many of these, even though it's not technically part of the game.

Be ready to quickly state, "Of course I know what 'xu' means -- it's a form of Vietnamese currency," or "You didn't know that 'ai' is a three-toed sloth?"

And, for the icing on the cake, to guarantee that you will win every game, don't forget that QAT, QANAT, QAID, and QOPH are all legal scrabble words.

In other words, most Scrabble players think their vocabulary is great -- like most casual investors think they are good stock pickers, most drivers think they are above average and most poker players think they are great bluffers -- so doing a little basic homework is enough to gain a significant edge.

Simply knowing the two-letter words is enough to win every game against the casual player, but if you add in the Q-without-U words, you'll be unstoppable.

Poker Pointers

Everyone wants to play Texas Hold 'Em these days, thanks to the popularity of poker on TV. But while your friends and relatives are trying to imitate the greats they observe on the screen, you'll be taking their money.

The trick? Don't ever bluff.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
PTEK $1.35 0.00%
AAPL $128.49 -0.67%
FB $80.89 1.60%
GOOG $573.21 -0.08%
TSLA $202.43 1.40%

Markets

DOW 18,096.96 -106.41 -0.58%
S&P 500 2,098.98 -8.80 -0.42%
NASDAQ 4,967.6550 -12.2460 -0.25%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs