<b>My timing on this post is quite ironic, as Party has just announced that they're finally correcting this ridiculous policy...starting April 15th.</b>
Poker and the Beginning Trader
- Thread starter FanOfFridays
- Start date
<b>My timing on this post is quite ironic, as Party has just announced that they're finally correcting this ridiculous policy...starting April 15th.</b>
Quote from Rearden Metal:
<b>My timing on this post is quite ironic, as Party has just announced that they're finally correcting this ridiculous policy...starting April 15th.</b>
Nice call RM. It was the main reason I refused to play at PP. Stars has never had this quirk in their policy as far as I know. This will make it easier to go fishing at PP. I'll be peddling the nuts there sometime soon.
i really don't understand the people who are so loyal to stars and ultimate bet. the games are 10 times easier on party poker. so you have to put up with the occassional outage (ultimate had severe lag when i played there for a week), but the games so much better it dwarfs any minor issues.
wow. finally. it really hasn't cost me money that i can remember. they do it in the cash NL games all the time. they are usually timing out when you raise (occassionally with a flush or straight draw), but usually they are just behind. anyway, that's great news. i've fired off a few emails about it when i come across a repeat offender.
be nice if they gave you more chips.
up to 1665 at $600 a pop. i'm half way to qualifying. been playing the $8 single tables to get entries into the $64 qualfiers, and have accumulated 5 entries. i know, it's not that much money to just poney up the $640, but if i can get in for $152 (19 buy ins to get the 5 wins), i will.
it should top your pokerstars tourney. continue to add 75 a day for the next three days, then of course the people that didn't, or didn't try, to qualify. should be around 2000 people, which would put first at 240k (20%), with a total prize pool of 1.2 million.
wow. finally. it really hasn't cost me money that i can remember. they do it in the cash NL games all the time. they are usually timing out when you raise (occassionally with a flush or straight draw), but usually they are just behind. anyway, that's great news. i've fired off a few emails about it when i come across a repeat offender.
be nice if they gave you more chips.
up to 1665 at $600 a pop. i'm half way to qualifying. been playing the $8 single tables to get entries into the $64 qualfiers, and have accumulated 5 entries. i know, it's not that much money to just poney up the $640, but if i can get in for $152 (19 buy ins to get the 5 wins), i will.
it should top your pokerstars tourney. continue to add 75 a day for the next three days, then of course the people that didn't, or didn't try, to qualify. should be around 2000 people, which would put first at 240k (20%), with a total prize pool of 1.2 million.
If I'm not mistaken, they're only correcting the problem for multis, and will leave the door open for cheating in all other games...at least until enough people complain.
Having read most of this thread...(i know not really trading this morning) i find that the big difference in trading and poker and something that can never be practiced is the time one gets to make decisions, in online poker one typically gets 20 secs to determine the odds, analyse the play and click, in trading oppertunities present themselves and as thought out or well prepared they are one often only gets a split sec to decide (may vary in type of trading).
Going to order zen and the art of poker now!
fgbs
Going to order zen and the art of poker now!
fgbs
Can I ask a question to the poker players here - given the time and effort it takes to be good at poker, wouldn't it be more profitable to invest the same amount of time and effort into trading instead? In my experience at least, trading is much less of a grind, and the profit potential is much higher. If your strategy works with a 1 lot, then in a few years time you can be doing 10 lots or 100 lots or 1000 lots and earning very large amounts. In poker you run into the size problem much quicker, but more importantly you run into very skilled opposition once you get up beyond the small/middle limit games.
Anyone with the skill to become a world class poker player earning big bucks, IMO has the ability to become a good trader and earn even more.
Anyone with the skill to become a world class poker player earning big bucks, IMO has the ability to become a good trader and earn even more.
Well, here's why trading is more difficult for me than poker:
the probabilities in poker are a whole lot more well defined. In trading... the probabilities are never very clear... it's harder to know what the "right thing to do" is. There's always that "what if..." in trading in the back of my head... I know it's wrong, but like I said: the absence of clear cut probabilities makes it harder for me.
Cutten, your question does make alot of sense to me.
During the tulipmania of 98-00, I had 7-figure years- the kind of money that seems a bit out of reach for a skilled poker player.
However, today's (comparatively) boring market is just too annoying for me to want to even deal with it. I'm spoiled.
Imagine if you're banging this incredible, juicy 20-year old hottie, ok...now 20 years pass. She doesn't look too bad at 40- but it's just not the same. Sex with a formerly hot middle aged woman just can't hold your interest, like she did when she was 20 and incredibly attractive, and you could just squeeze her ass and money would come out.
Instead of banging a washed up market past her prime, I'd rather just play poker. Does this make sense?
During the tulipmania of 98-00, I had 7-figure years- the kind of money that seems a bit out of reach for a skilled poker player.
However, today's (comparatively) boring market is just too annoying for me to want to even deal with it. I'm spoiled.
Imagine if you're banging this incredible, juicy 20-year old hottie, ok...now 20 years pass. She doesn't look too bad at 40- but it's just not the same. Sex with a formerly hot middle aged woman just can't hold your interest, like she did when she was 20 and incredibly attractive, and you could just squeeze her ass and money would come out.
Instead of banging a washed up market past her prime, I'd rather just play poker. Does this make sense?
You can certainly make more money trading. Im not sure the skills are exactly the same. I am a very good poker player but only a so/so trader. I am certain the odds are in my favor playing poker. I am not so certain in trading. Trading does not follow any particular laws that I am aware of but poker is a faithful friend. Did any of you catch that interview with Chip Reese on the WPT the other night. He said that the great poker players were the ones who could handle adversity. I thought that was a great point.
p.s. I think the same thing applies to trading.
QUOTE]Quote from Cutten
Can I ask a question to the poker players here - given the time and effort it takes to be good at poker, wouldn't it be more profitable to invest the same amount of time and effort into trading instead? In my experience at least, trading is much less of a grind, and the profit potential is much higher. If your strategy works with a 1 lot, then in a few years time you can be doing 10 lots or 100 lots or 1000 lots and earning very large amounts. In poker you run into the size problem much quicker, but more importantly you run into very skilled opposition once you get up beyond the small/middle limit games.
Anyone with the skill to become a world class poker player earning big bucks, IMO has the ability to become a good trader and earn even more. [/QUOTE]