For the same reason an elite tennis player is not elite at golf. They are both different games lol. The tennis player has spent a lifetime of dedicated practice in their sport and not the other. You clearly know how to player poker and have dedicated time on it. You have a verified method - probably some form of solid ABC poker (strong starting hands, good table position, C-Bet most flops etc) - and your positive PnL is direct feedback on this. Trading is an entirely different beast (yeah it’s about probability, expectation yada yada...). Most people dabble with totally unverified methods. They cannot distinguish the difference between market behaviour and randomness and the market preys on this cognitive defect. Your negative PnL is direct feedback that most likely implies that you don’t have a verifiable method. It is no coincidence you have rock solid “discipline” in poker yet tilt in markets.. and this is NOT down to psychology, mentality, performance states etc etc.. yawn The common denominator is skill. You have skill in poker, and not trading. Before committing more money in trading (and going down the trading psychology route) prove that you have skill in it first.
I suspect that overall it is highly underestimated the number of hands needed to converge to a true win rate in poker. I suspect no one can actually play enough hands live to converge to anything statistically meaningful. Winning live poker is basically running good. It is exactly why it is a popular game because anyone can run good and easily fool themselves. Markets are a minority game so it is much more obvious that your strategy is a loser. The overwhelming chance is that your strategy is in the losing majority.
If you are chasing breakout, you are in too early stage. Chasing breakout doesn't work because there are way too many false breakouts than real breakouts.And you would find many more new approaches that look promising but turn out to be false, before you find the real one.And if you finally find one, it could be 15 years later. Your rivals in pokers are individuals most of whom are intellectually worse than you; Your rivals in trading are institution elite traders most of whom are intellectually better than you. You can learn poker knowledge from books and online discussion. But in trading you can only find those by yourself.All the approaches found in public just don't work. You could learn to be a wining poker player in a few months because you can play thousands hands a day. But you can't make thousands trades a day. And trading is much more hard than poker. Most winning traders reach consistency after 10-15 years. A poker player needs: pattern recognition ; sense of probability. A trader needs ability to discover what other didn't; pattern recognition; sense of probability. That means all the patterns you find need to be ones that other didn't find.
in poker, the rules and information fog are well defined. in trading the rules and information fog are not well defined. Your poker skills won’t train you to process this.
Ditto. Virtually ZERO correlation between poker and trading. Separate skill sets. If one learns to trade well, it's virtually impossible to lose unless you do something stupid.
Some skills are transferrable like risk control. But you also need someone experienced with the markets to show you what type of strategies have edge.
Poker is WIN or LOSE, Trading is, Win Win win win win, I've held to long lose, totally different set of skills, poker your reading the faces of the opposition, trading you can't see them Poker, play with stupid people and win, trading your trading against smart people and your going to lose.
%% Exactly. And even a proven track record in any other business, even for long time/may not help@ all/in trading/investing Trading /investing is not gambling+ i dont care how many time the WSJ told you it is LOL. But to use pool hall gambling language;/ best way to lose ls is try to get rich quick\bet big. And if one like losing faster\ do that faster. Anything that involves money may have some common ground. WE used certain size coin in pool hall gambling/it shows up in markets a lot. BUT i think i will not mention that number /ttrading is not gambling/LOL. Get a library..... Edit=[NOT saying markets are filled with pool hall gamblers/LOL]