Failed Trading. Poker Success.

Ive done both... IMO if your not disciplined enough to trade you dont have a shot in hell at poker..... you can blow yourself up and turn degenerate 100 times faster in a casino or online poker than you can with an ameritrade or IB account.....To the OP, you may be the exception to the rule... GL
 
Quote from lundy:


I moved on. Now I play online poker for a decent living. I enjoy playing poker and I make enough money at low stakes to not have to work a 9-5 job... So, its a success.
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Sorry that you could not make it as a trader. You seem like a nice enough guy, so I will tell you the three biggest holes in your game as presented on your web site:

1. You raise different hands differently

This gives skilled players information about your hands for free.

2. You call with some hands and raise with others

A hand that is worth playing is worth making a raise.

3. You make bets as a function of the blinds

Think in terms of the implied value of the pot for future rounds of betting.


Every profitable poker player (or trader) is eventually interested in increasing the sakes. I am sure that your play is profitable in micro stakes as you say, but you will be crushed in bigger stakes with the "weak-tight" game.
 
Lundy, congrats on your new found success. I remember your posts. Just curious I have never played poker for money. Isn't poker about reading the player even more than the cards you are holding? How does one accomplish that online?
 
Quote from MandelbrotSet:

Poker and Trading have a lot in common in that they are both all about your mindset and controlling your emtotions.

Thanks, I'll check it out.
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People who have watched me in action know that I am anything but cold and unemotional in my trading. IMO, emotional control is really not necessary to be a successful trader....Discipline, the ability to act while under fire, flexibility, and mindset are!

Poker requires two more skills, reading people, and being and ICEMAN, playiing the game stone cold, Ice running through your veins, so you make no mistakes and never give away what you're holding.

Cool links though, I've been meaning to study the game a little more!
 
Quote from lundy:

Hey, I used to be an active member of this forum.

I quit trading about 2 years ago after a few painful failures. I had a few hopeful restarts, but it ended bad.

I moved on. Now I play online poker for a decent living. I enjoy playing poker and I make enough money at low stakes to not have to work a 9-5 job... So, its a success.

I just want to tell people that trading may not be for them, especially if they are struggling or not enjoying it. Also the analytical skills required in trading seem to translate into poker.

Enough of trying to save you from yourself.

I had a blog about my poker discoveries but I quickly got bored of posting everyday. So I turned it into a basic guide.

For anyone interested in getting into online poker or just interested in how I did it, my blog is hosted at http://www.lowstakespokerpro.com

Good luck all.
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I just read a little more on your site, from what I gather,
You play poker for $50 to $75 per day, and you call that a living?
 
Mschey

It's better than working at Mcdonalds.

Its low stakes. Its entry level. It's easy. And I'm self employed.

It also has upside potential.

Its much easier to break into the poker scene than the stock scene. Less capital required and easier to profit immediately
 
Quote from dandxg:

Lundy, congrats on your new found success. I remember your posts. Just curious I have never played poker for money. Isn't poker about reading the player even more than the cards you are holding? How does one accomplish that online?
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In lowstakes full ring poker, "reading". is not as important as just playing ABC poker.

However, I do use online software that helps identify types of players. My method and the software work great.

Read my site to find out more.http://www.lowstakespokerpro.com
 
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