Yes, this is absolutely correct. Also, the risk managment oppurtunities are different. In poker, when your money is in the pot, it isnt yours anymore, you only can win or lose the pot. But in trading, the money is always yours and you decide when to get out and with how much you get out. For example, you might not be correct with your overall bet about the price move, but you were right a little bit and it pushed you into profits and you have taken out your risk, and might been stopped out with no loss or have takin a small profit, when you have seen the odds changed against you. Also, for longer time trades and position switching trade managment, you can everytime go in and out of a position when you want, and the price is allright, so long you expect the big move will come soon, while you use your money to work is some quicker trade, until this move will probably start....... So you are much more flexible in riskmanagment in trading. In poker you are not flexible at all in riskmanagment. Poker have the badest risk managment opportunities i know. ------------------------- But Poker and Trading are both strategy games. But Trading havent any luck involved, if you know what you do. So, that means if you have 2 Aces in trading in your starting hand, you can bet your ass on it, that it will make you money, how much, will show the time, but at least you wont lose anything. ------------------------ But to be a good trader, you must be a master analyst, so as a good poker player, you have already a good sense for analysing and patterns reading, so it might be the right career for you. Good luck
This poster has been around the ET community since 2007 and has traded the markets since then. My question is why is he asking this question years after the poker bans came in and 4 years after he's started trading the market ?
seems you think 2+2 =5? :eek: :eek: :eek: what I said is factually correct. when you make puns on my username like millions have done when they've been served, means you have nothing of substance to say
you said it. trading is vertical leveraged because of horizontal limits but poker is mostly horizontal leveraged because of vertical limits. Who would bet a billion dollars on one poker game?
OK ... I guess your logical approach has me at the disadvantage. I concede ... your intellect is such that I simply cannot continue the debate.