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Yes sir. Some good balls are needed:thumbsup: 100k gross annual = 1k bets 200k gross annual = 2k bets And so on.....

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...

Among the top poker players, the vast majority of them have serious, compulsive gambling problems. Only certain older veteran players that have diversified into more stable investments, achieve any level of financial stability. Very aggressive, well-timed gambling is required for poker success...

I don’t think a poker player has any more chance of succeeding as a trader, than a homeless guy in the street.

Sure appears that way. Very little discussion about the essential elements of modern day trading. Most of the knowledgeable quant and technology guys don’t seem to stick around long, or don’t post much.

This sounds retarded. Makes me feel like I’m reading some old pre-internet era trading book.

That’s a tough nut to crack. A pro showing you alpha generating concepts, I don’t see happening. Best hope is for some good hints, and a pro altruistically leading you to a pasture where you can then build your own model/algo based on empirical evidence and realistic simulations. I’ve tried...

It was actually a few million. Nice chunk of change back then.

That’s pretty funny. So, instead of worrying about dying broke, the thought of dying with a quarter in my pocket should scare me. “I spent half my money on gambling, alcohol and wild women. The other half I wasted.” – WC Fields

No he didn’t. He died worth more than 99% of ET. Just lost the majority of his gains.

That’s just the nature of the average human. You have to be superhuman. Livermore summed it up quite well: “The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the...

Pretty much how it works. You’ll only beat time by access to high leverage or a large stake of money.

In that case yes, but discounting the decision process in terms of latency doesn’t make much sense. Why even bother with one second execution then? No competitive advantage there, which I assume OP is seeking.

What kind of a visual market cue can the human mind possibly interpret and physically react on within a second? It’s just not happening.

Bob. Fast I’m sure, but no way in one second, from discretionary decision>finger on key>executed.

This is comical. You want sub-second executions through a retail broker using hotkeys, and I'll assume you intend on using limit orders as well. I'll book you a trip to fantasy land, free of charge. To get where you want, you'll need a reputable broker with a good API, and clever automated...

Lol. You had me at “Fuck me in the ass”

I don’t think it’s a rigged game at all. It’s more level now than ever. You just have to be much smarter than yesterday’s screen monkeys and pit traders.

You make it sound like they’re the only participants in the world. There are thousands of variations of them floating around, who wouldn’t bother wasting their time interviewing. Nothing to be gained from it.