Poker player moving to trade/advise please

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

  1. destriero

    destriero

    Ha, 2002-2006.
     
    #31     Mar 29, 2019
    .sigma likes this.
  2. srinir

    srinir

    Looks like it. Some of the old option threads are still interesting to read.
     
    #32     Mar 29, 2019
    destriero likes this.
  3. destriero

    destriero


    We got booted from Rhino in 2007.
     
    #33     Mar 29, 2019
  4. Awesome observations. Hope the OP takes them to heart.
     
    #34     Mar 29, 2019
  5. Overnight

    Overnight

    Not sure I follow.

    In Poker, the parameters and rules of the game have not changed, so your strategy would be the same. There is no variable, aside from the size of the pot maybe.

    In trading it is the same thing, but the action changes. And remember, the biggest difference between poker and trading is the time factor. You can sit on your hand forever to make a decision. The game does not move forward until you check, call or raise.

    The only thing egging you along is the blind increase timer. In trading, you do not have a fixed window of risk. Existing is risk. Being in the market itself is the risk, with no parachute, no timer per se, no nothing. Yer in the meat of it. There are no blinds, there is no timer, you do not get to rest. You will get messed up big time if you walk away from the table. You cannot simply ask the house to "hold your cards". Your stack is NOT safe in the market. You have no outs here.

    You dig?
     
    #35     Mar 29, 2019
  6. TheBigShort

    TheBigShort

    Im sure they took down your photos from the back room by now. Time to go back!
     
    #36     Mar 29, 2019
  7. destriero

    destriero

    Yeah, been over a decade and I had a full beard at the time.
     
    #37     Mar 29, 2019
  8. TheBigShort

    TheBigShort

    Overnight, professional poker and professional trading is very similar. We are not talking about the similarity between an @ home forex "trader" and a degenerate gambler. The tools are different BUT the bad beats, the big wins, the critical thinking, math, determination, professionalism, bankroll management, long hours, constant strategy development etc... are all the same.

    Edit** take some time to read a 2 +2 forum. You will see the similarities between this site and theirs.
     
    #38     Mar 29, 2019
    dennisa likes this.
  9. Overnight

    Overnight

    As you say.

    How does that work for you in a situation like this?

    short1.JPG

    How would your poker mind have calculated the odds of that down suddenly jumping up for 20 points on the NQ in the next 5 minutes, from that point? Remember, you had no time to think about it, you had no chance to calculate your odds...

    What the frak does it have to do with professionalism? Math? Determination? My God man, you really never have traded, have you?
     
    Last edited: Mar 29, 2019
    #39     Mar 29, 2019
    BaconSandwich likes this.
  10. TheBigShort

    TheBigShort

    if you guys have not seen
     
    #40     Mar 29, 2019
    raf_bcn and destriero like this.