Oh please, grow up. I dropped poker completely about 9 months ago.. and am not up to speed. Though I find the mathematics of poker far more interesting... Than 10 years of quantitative analysis that I can do in my sleep. I would rather spend the rest of my life telling people I meet... That I am a "hedge fund manager" rather than a "professional poker player"... And you really cannot do both well. Also the variance in pro poker is just not something I would chose to live with... As someone who makes a nice profit maybe 80% of trading days and 10 out of 12 months... With max single digit drawdowns in a year. Do you really need acknowledgement and validation from me, Mr. TraderNik? I wouldn't want someone to start crying. rm+
Thanks TraderNik for this thread. I am an experienced trader and never played poker. I read this thread about a week ago and decided to sign up at PartyPoker. I saw how the skill-set that i employ in trading was transferable to Poker and really enjoy the game. I play after the markets are closed and on weekends. Sorry that i just now found the thread. Guess i need to visit Elite more often. Thanks again TraderNik
lol... okay, now I'm sure you're a wannabe. Just to let you know, this post makes you sound like you're about 16. Real adults just don't talk this way, redman. So you can't be a poker pro and a trader at the same time, huh? I see. Where do you come up with this stuff? Glad to hear you gave up on poker. You wouldn't have done very well given the misconceptions you have about the game. Now can you take your juvenille fantasies somewhere else? This is a friendly thread and we don't need people dissing other members and lying about their returns. Do you think you can manage that? Thanks man. See you later. PS - do I need acknowledgement and validation from you? If I needed that would I be politely asking you to stop posting here? You are an anonymous chat board member who enjoys claiming that he is in the financial services business. Do you really think that anything you say matters to me? I replied to the mistaken statements you made about poker. Then you told a whopper about being a hedge fund manager. I called you on it. You proved that it was a lie in a subsequent post. End of story, redman.
http://www.amazon.com/gp/product/04...002-8774888-1850463?s=books&v=glance&n=283155 I read this book a few days back. About poker and trading. Its very good.
I was trading(poorly) a few years ago and heard poker skills help your trading. So I read a book and started playing, and closed my trading account about a week later! I found poker so much easier than trading it was incredible. I'm a serious player now, currently playing for a living(unintentionally, long story...). I work as a prop or schill for a small site, mainly playing 5/10 and 10/20. I can tell you with 100% confidence the games are fair, house players do not see the cards, and collusion is rare and innefective. Any decent player can spot it in about 2 hands. Now that I am a good poker player, I feel like I am ready to give the markets another try. The skillls seem very similiar to me, mainly disipline and money management. The techniques come with a little experience. BTW neteller is by far the best way to move money for poker. I know lots of online pros and they all use it without exception. Some of these guys keep 100-200k online so don't worry about your 2k! Partypoker is the best place to play for most. For very high limit games there are a few other sites, and there are prop deals out there. Those are the only reasons not to play on party IMO. And just like trading don't play if you don't have enough $. You will lose guaranteed. IMO trading is WAY more difficult than poker, but I can't say that for sure until I become a winning trader I guess. The reason I am going back to trading is that in poker, the higher you go the tougher the games get. Trading 1 ES is the same as 100, so I am out to see if I can't trade 1 ES well.
"PartyPoker"? Go Full Tilt with my traders, "Jesus" - Ron Rose (www.ron-rose.com) and all the big players.......(or play both)... And you will be able to join our traders in "free roll" Bright tournaments....(we have to do Something when the markets are closed)... www.stocktrading.com/pokerpages.html Don
What type of fucking dickhead makes a resembalance between poker and trading? There is one born every minute.
i am somebody on this board constantly touting game theory, and how risk/money management is the most important (or at a minimum) an exceptionally important part of trading. and also a huge student of game theory, as it relates to trading, and the especially the zero sum nature of both futures trading, options trading, and poker equities of course are not zero sum, but i digress anyway, i know VERY little about the game of poker, but i know game theory and trading, so i thought (in my N=1 spirit), i';d give it a try i did. tonight. for the last 5 hrs and still going strong anyway, the resemblance is AMAZING. in terms of the risk/money management factors, and that in poker you don't play your cards... you play the other players. in futures, you don't play the instrument (dow, whatever), you play the other traders i did the "play money " table for an hour and quadrupled my money playing no limit and moved to the real money tables, and multiplied my money by 5. so far i have already set a stop loss - if i go below 400% im going out anyways, my point is that game theory, risk management, money management, playing hi probability setups, and pouncing whne they present themselves blah blah blah are amazingly similar to trading when im winning it's the exact same mindset as trading, the same "zone" anyways... i have reconfirmed my already strongly held beliefs about game theory, trading, risk mangement as it refers to trading. i'm even seeing my same EMOTIONAL mistakes that i make in trading carry over to poker if i do not discipline myself. and i am playing the personalities of these electronic opponents i like no limit, because like trading, it allows essentially unlimited managment of position sizing, so i go low when it's high risk and hi positioning when it's low risk, etc. there is no magic indicator. there is no holy grail traders need to perform good risk management, money management, jealously protect capital, and understand game theory imo those who do, will continue to take money from those who don't and of course being properl;y capitalized is nice