Trading is exactly like being at the poker table in Vegas...

Discussion in 'Professional Trading' started by retaildaytrader, Sep 10, 2009.

  1. In the olden days, when a deck was just a deck, and red and black colored everything, trading and blackjack were about the same. There was no way to lose.

    In black jack the cricket used to change out the dealers was the most interesting binary vector. It was always increasing and an ice bucket was needed for silver dollars and then chips.

    The arrival of multidecks was a low blow to those with minds. The PC arrival was fun with regards to trading; I was getting real tired of mechanical lead pencils by then (especially the red lead).

    Now, I have a bad case of cloudy screen but they are are going to do a "hubble" on me and replace my view of things.

    I shied away from using probability in trading since there is no application. For black jack; the alternative was cards counting and just remembering the line across the "fives count" card form "Beat the Dealer". I considered that kind of binary too. A chip go/no go deal. Face cards were like the OTR tick charts of today or the DOM or the S/S or the prv or the yellow pairs, VE and OB's. All smoothed out.

    Has anyone figured out why other players get pissed off by winners doing card counting? Its almost like the OCD's in ET sitting at a table.
     
    #11     Sep 10, 2009
  2. "Trading is exactly like being at the poker table in Vegas... "

    That hasn't been my experience.
    But, of course, all are welcome to their own reality.
     
    #12     Sep 10, 2009
  3. Bill Clinton had it right. It really does depend on what your definition of is is. :confused:
     
    #13     Sep 10, 2009
  4. zdreg

    zdreg

    what is EV?
     
    #14     Sep 10, 2009
  5. monty09

    monty09

    I dont agree. I hate people who try to make one sound like the other.

    I trade and play poker. One is for fun and the other is to earn a living.
     
    #15     Sep 10, 2009
  6. I do agree that the playing field has become one giant casino

    and the "minnows" are not "the house"

    and most of them get 'eaten" by this dude

    www.youtube.com/watch?v=oQonowKNo0s

    :cool:
     
    #16     Sep 10, 2009
  7. And another trading is like gambling thread... this premise has been beaten to a bloody pulp on this site.

    The result - you either think it's gambling b/c you have no edge or you know it's anything but gambling b/c you do have an edge.
     
    #17     Sep 10, 2009
  8. monty09

    monty09

    I am a great poker player so I am a great trader.

    I help with undergrad hiring and hear this about 70% of the time. I then follow up with then why are you even here interviewing if your such a great poker player?
     
    #18     Sep 10, 2009
  9. +1:cool:
     
    #19     Sep 10, 2009