Poker vs Day Trading

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

  1. elite1974

    elite1974

    This post is not very accurate, and could "dispute" all points.
    1) inflation is like the ante.
    2) in poker you can have a guaranteed win, not so much with trading.
    3) many people can win in the game, not just one hand.
    4) traders can conceal with dark pools, or other more advanced trickery.

    In short, in poker the games get very tough at the higher levels, and are not profitable enough (worth your time) at the lower limits. In trading you can deploy a large amount of capital much easier, and probably can't trade at all if you are at the lower levels.
     
    #21     Jun 16, 2023
    MACD likes this.
  2. comagnum

    comagnum

    If you bought Apple stock for example say 1,2,5,or 10 years ago you have a rising return growing over time, even when you sleep. Can't say the same about winning a poker bet.
     
    Last edited: Jun 16, 2023
    #22     Jun 16, 2023
    Ninja likes this.
  3. deaddog

    deaddog

    But that's investing not trading.
    You could have also invested in a bitcoin miner or a weed stock.
     
    #23     Jun 16, 2023
  4. comagnum

    comagnum

    Oh yea - the theme is 'day trading' so scratch that thought.
     
    #24     Jun 16, 2023
    Drawdown Addict likes this.
  5. Bad_Badness

    Bad_Badness

    I did with a weed farm, tier 3 in WA state. Sold 2 million grams of weed in 2 years. Invested 650K. Sold it for 650K plus 85.00. So I made 85.00 over two years on 650K and two years of work!

    If you could see the other traders, trading could be funnier!
    And to the OP, perhaps you should trade as conservative as you play poker. Slow and steady with small drawdowns.
     
    #25     Jun 16, 2023
    MACD likes this.
  6. SunTrader

    SunTrader

    How about if you took the winning poker bet .... and then bought Apple shares. :)
     
    #26     Jun 16, 2023
  7. I liked you better when I was in your ignore list, go the fuck away wanker
     
    #27     Jun 16, 2023
  8. that is actually a great plan
     
    #28     Jun 16, 2023
  9. And I think this is the main reason why I am doing better in poker, I am against my level of players. No professionals there.
    They are reckless, so my conservative and slow play wear them down eventually. I believe that I wouldn't do that well at higher tables without a professional understanding of the game.
     
    #29     Jun 16, 2023
    deaddog likes this.
  10. Hello Drawdown Addict,

    I know I will get a lot of negative response to me, but it is my opinion and day trading experience.

    But here goes:

    Manual Day Trading is the same thing as playing Poker and Gambling.

    I love thinking about it this way.

    Manual Day Trading is better than Poker Playing because all I have to do is read the price and take my best guess to make a profit for the day.

    Like in Poker, when I feel or think I have a high probability chance of getting a trade win, sometimes I go to like 5 or 10ES or 30ES contracts and hope it works so I get a big win so I can get rich really fast.
     
    Last edited: Jun 16, 2023
    #30     Jun 16, 2023