Poker player moving to trade/advise please

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

  1. sle

    sle

    Do you mind elaborating on the process a little?
     
    #61     Mar 29, 2019
  2. Bye aces

    Bye aces

    in certain games where calculation the perfect game is doable strategy tend not to change anymore.
    In other games it all depends in what general population is doing to adjust your strategy.
    players who used to crush just 2 years ago might suck by now.
     
    #62     Mar 29, 2019
  3. Bye aces

    Bye aces

    GTO is the perfect game where no one can ever exploit you. It means if both players play that perfect strategy(which is not humanly possible) they will end with no edge at all between them.
    There are some solver on the market to calculate those results and then you need to study the pattern of each situation and apply on your game.
    for instance in board like K42 will have a 65% freq cbet where will bet 90% of your top pairs. So you learn that even a top pair has some 10% of check. So in game we use a randomizer to decide our play.
    Then you apply this strategy for similar boards like Q73 or J82
     
    #63     Mar 29, 2019
    TheBigShort likes this.
  4. Bye aces

    Bye aces

    I would not use my poker mind for that. From the little i read about i would say this is a double bottom pattern but that would mean a change in trend and then it would go down but not up. So i have no idea. I need to study a lot get anywhere but im willing to do so
     
    #64     Mar 29, 2019
  5. Bye aces

    Bye aces

    I could not agree more. I can say for poker is all true even about the forum
     
    #65     Mar 29, 2019
  6. I guess it boils down to what type of trading is being done. I can see how a discretionary trader might benefit from poker experience, but see very little benefit for the fully quantitative/automated trader.

    I believe sports betting/handicapping might have more overlap into trading. I also firmly believe that profitable traders are much smarter, and it’s more likely a trader will succeed at poker, than the other way around.
     
    #66     Mar 29, 2019
  7. dennisa

    dennisa

    A trade is similar to a poker buyin. Pokerplayers only play a percentage of their bankroll because no matter when you go all in very time they are 100% for a double up. A disciplined trader must keep their individual trade to a percentage of their account. While the poker player can use a higher kelly criterion for bankroll management as they may perceive a large advantage in an individual game, so a trader must calculate theirs to prevent risk of ruin.

    Psychological dry runs of poker are very similar to dry runs of trading. It is easy to want to chase a loosing day, and if OP is a seasoned poker professional, and has his tilt under control then that psychological methodology should translate into not making bad decisions when under pressure to turn a negative day into something worse.
     
    #67     Mar 29, 2019
  8. sle

    sle

    Ok, so you are assuming some path approaching a Nash equilibrium and trying to solve for it? I am not great specialist but I'd think it should be hard to do for a card game given the combinatorial explosion, no?
     
    #68     Mar 29, 2019
  9. Bye aces

    Bye aces

    thanks. I liked the way you put that
     
    #69     Mar 29, 2019
  10. Bye aces

    Bye aces

    Nash we used for push fold equilibrium 4-5 years ago. its an explosion of combinations. To solve you need to make a lot of approximation and its been calculated properly only 2 and 3 tabling. No home pc are enough to do for full ring table. But some people are calculation just some position VS another on full ring ranges
    For 1 board it might take 48h to calculate
     
    #70     Mar 29, 2019