Poker and the Beginning Trader
- Thread starter FanOfFridays
- Start date
Oh, I'm only an American player...California and NY circuits primarily. Dabble in football but no big money wagers. Sorry to hear about your father.
Any good casino stories?
I notice you didn't answer my question - understandably.
I'll answer your question though. How many? I don't know. What is your point? A few, 35, 128, or maybe 42 or maybe 2,134 worldwide, or maybe 965 in the democratic west or maybe 50 in all or maybe 6 in France and Spain put together.
I did not say it was easy or that there were tons of guys making a living. I was responding to your words. Let's go to the tape, shall we?
Wrong, obviously. You have no scientific or other basis upon which to make this claim. You just couldn't play that well so you are using this as an excuse. Poker is a game of skill and over years the cards are the same for all players. The same players win over and over again. This is the fact. The win because they are the most skilled, just like the best traders who take home most of the money, for the same reason.
This is so silly, it doesn't merit a response. How in the hell would you know this?
You said this in support of your argument that people can't make a living playing poker. Instead of responding maturely to my counter assertion and attempting to support your claim, you called me names and ran away.
You posted and said that it was impossible to make a living, then you changed your mind and said that you quit playing because your luck was too bad. I then posted and said if you are changing your story, my previous post was moot.
I will continue to try to dilute myself. I know that at full strength I can be slightly corrosive. Thank you and God Bless you.
TraderNik is 100% right, as usual.
Luck is just a short term factor, and if taking bad beats upsets/frustrates/puts you on tilt, poker isn't for you. Play chess instead.
___________
"Poker is a game of skill and <b>over years the cards are the same for all players.</b> The same players win over and over again. This is the fact. The win because they are the most skilled, just like the best traders who take home most of the money, for the same reason."
Luck is just a short term factor, and if taking bad beats upsets/frustrates/puts you on tilt, poker isn't for you. Play chess instead.
___________
"Poker is a game of skill and <b>over years the cards are the same for all players.</b> The same players win over and over again. This is the fact. The win because they are the most skilled, just like the best traders who take home most of the money, for the same reason."
I've met many poker players who either:
A: Are successful, steady winners who have made more money from poker than most people make from 'regular' jobs.
B: Complain about bad beats.
But I've yet to meet <b>anyone</b> who falls into <b>both</b> categories.
Poker is to trading what checkers is to chess. One is far more complex than the other, but they are still comparable.
If you think poker is 'gambling', you don't understand poker.
There is a luck factor involved, but over the long haul the best players always win, the fish always lose, and the players who believe they're gambling are always fish.
Risk management, pattern recognition, psychology, not getting emotional over losses, only playing when you have an edge, etc.
I'd say there are plenty of parallels between poker & trading.
I'd love to play a high stakes freezeout* (we play until one player has all the chips, and the other has nothing.) against any of these guys who think poker is all about luck. I'd even hand him 5% of my stack as a handicap before the first hand is dealt. If it's really a game of luck, they should be falling all over themselves to take the deal...
* A series of multiple freezeouts would be better. I'd raise the handicap to even more than 5%, should any 'gambler' agree to play. I'm near Chicago.