Poker player moving to trade/advise please

Discussion in 'Trading' started by Bye aces, Mar 29, 2019.

  1. Overnight

    Overnight

    OMG you all suck. Trading is NOT POKER! WTF is wrong with you all!?

    STOP IT!
     
    #121     Apr 5, 2019
    viruscore1 likes this.
  2. MACD

    MACD

    Having trained poker players (good ones -- consistent winning players -- also some amateurs) I can definitely say: that the skills necessary to be a professional poker player is transferable to becoming a profitable trader.
     
    #122     Sep 16, 2019
  3. Don't try to bluff the market. The market will win everytime.
     
    #123     Sep 16, 2019
  4. Overnight

    Overnight

    A trader is like teeth, and the market is like cavity creeps. :)

     
    #124     Sep 16, 2019
  5. orbit23

    orbit23

    One of the guys on twitter, a trading coach or whatever he is (https://twitter.com/AlphaMind101 )... constantly keeps saying there are similarities between trading and poker and he says some of the best traders are also top200 poker players.

    Risk management is important, probably the context is important just like in trading too, but what he says, why the most succesful trader&poker player said why he thinks he is better than anybody else, is his ability to walk away when it's not happening.
     
    #125     Mar 4, 2020
  6. KCalhoun

    KCalhoun

    longtime hold 'em player; lots of lessons learned vs trading (2+2 forum is great):

    + i like Negreanu's small ball strategy, see flops cheap => trade small initial size

    + put players on ranges => trade wide-range atr stocks

    + table position/late to act best => pay more attn to premkt futs, wait for volume confirmation

    + good starting cards => minor gap up strong charts

    + unlike poker we can take chips off the table if our flop misses/failed breakout
     
    #126     Mar 4, 2020
  7. Noone123

    Noone123

    Unless we had a true edge, aren't we all gambling poker players when we trade?
     
    #127     Mar 4, 2020
  8. themickey

    themickey

    A true edge is still only a probability edge, not a certainty edge, therefore it's still gambling imo.
    If you had a winning edge and it was 100% reliable then it wouldn't be a bet, but that is not trading reality.
    Many on ET claim trading is not gambling, imo that is just being in denial - due to stigma involved associated with the word.
     
    #128     Mar 4, 2020
    Nobert and KCalhoun like this.
  9. Nobert

    Nobert

    FinCEN would knock at ones door, or the edges efficiency, would go proportionally down, compering to the number of people using it.

    Some separete thoughts, down below.

    Yes, it is ,,gambling" ;
    theres many similarities (a year ago i wrote that it's not) , but the chances are - much much higher, if the homework was done well, and that part separates two.

    The word gambling is too wide, one has to go more speciffic into certain types of games.

    If roulette - nothing similar.
    If poker - yup, some aspects ~.
     
    Last edited: Mar 4, 2020
    #129     Mar 4, 2020
  10. it's good that I've found some guys that can understand me. Since not so long ago I gambled a lot in the poker rooms and you know guys, I saw these eyes that all that they wants is the money, and that's all. I really not liked it and I thought about online casino (with bonuses and etc..). So I the good casino (https://kiwigambling.co.nz/) that gives me a chance for self improvement since I can gamble at home with my friends that has different experiences on it. Oh btw this casino can give instant money withdrawal on Visa or Mastercard and this is what I like too..
     
    #130     Mar 16, 2020