Poker vs Day Trading

Discussion in 'Strategy Building' started by Drawdown Addict, Jun 15, 2023.

  1. Chess is not part of that chart. The only way you can win a game of chess is by waiting for your opponent to blunder a move, and then be able to exploit it. It is pure skill.

    Just watch two grand masters at the top level on a classic game, it is likely to end in a draw.
     
    #11     Jun 15, 2023
  2. I did not picture you as a hustler. You had an interesting life.
     
    #12     Jun 15, 2023
  3. deaddog

    deaddog

    In poker you get to choose who you play against. You get to start at low stakes games and increase your stakes as your skill increases. You don't start off playing the very best players in the world. You are also aware that you don't stand a chance against the top players.

    In trading you start out trading against the top players and think you are on equal ground.
     
    #13     Jun 15, 2023
  4. maxinger

    maxinger

    .... and I can see better returns than my usual returns at day trading.....
    Is poker easier to master than day trading?

    ___________________________________________________


    It seems like you know yourself.
    It also seems like you don't know yourself.

    Since you are good at poker games,
    then go focus on it so that you can earn tons and tons of $$$$.
     
    #14     Jun 15, 2023
  5. Sprout

    Sprout

    Lol, truly going up against the best and brightest straight out-of-the-gate.

    Both “Rounders” (poker) and “21” (blackjack) are great flicks that peel back the gambler façade of the inner statistician working probabilities.
     
    #15     Jun 15, 2023
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  6. Nine_Ender

    Nine_Ender

    Calhoun's tournament record suggests he's a weak poker player who tried and failed to become more then a recreational player.
     
    #16     Jun 16, 2023
  7. I've heard poker referred to as a game of chess where you can't see your opponents pieces.

    Shame its not on the list for public perspective.
     
    #17     Jun 16, 2023
    Sekiyo likes this.
  8. Of course,I'm not sure how you trade,but if you can identify your 'set ups' as AA down to JJ and the rest to be discarded you would be on your way to trading conservatively and grinding out a trading living.

    The killer in both enterprises is the variance.You can trade or play like a god for 2 months but for the next month you won't hit even a small pair or have the market react to any of your levels.
     
    #18     Jun 16, 2023
    MACD likes this.
  9. Its a thought provoking question actually.

    If I have a KK equivalent in my trading and the market surprisingly moves against me,do I still have a strong hand? Are the big dogs trying to bluff me off it? What am I prepared to pay to back the strength of my hand? Do I continue and this is the time I run into AA? If I run into AA will it end my tournament?
     
    #19     Jun 16, 2023
  10. rb7

    rb7

    One thing for sure, poker is funnier than trading.
     
    #20     Jun 16, 2023
    Ninja, KCalhoun and Drawdown Addict like this.