Poker -- Has your knowledge of poker improved your trading profits?

FWIW the best trader I’ve ever personally seen was a champion chess player.

Many traders I have met over the years were also excellent poker players.

Quite a few proprietary trading firms ask candidates about their skills at games. I doubt that Poker is the only game skill that might have some correlation to trading.

There are also many good traders who haven’t played a hand of poker in their lives.
 
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nickynoes said:
Yeah but knowing the hole cards of your opponent in poker isn't where the edge lies.

You know what your cards are, you know the board texture, you know what your opponent is betting and calling, what position you are both in, your stack sizes etc.
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Excellent points that you as a poker player realize. Lot's of correlation with trading. BTW I have taught excellent poker players how to trade futures as scalpers and options on futures traders and the learning curve for them to have achieved consistently profitable results is amazingly fast compared to newbie traders without the poker experience. Why? (Gladly cover that later in this thread) Clue: Game Theory and Understanding Probabilities and how to compute the "odds".
 
bone said:
FWIW the best trader I’ve ever personally seen was a champion chess player.

Many traders I have met over the years were also excellent poker players.

Quite a few proprietary trading firms ask candidates about their skills at games. I doubt that Poker is the only game skill that might have some correlation to trading.
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@bone -- Agree. Chess, Bridge champions and other masters of games are excellent students for your great training.
 
Let me suggest this... THE WORST THING FOR YOUR TRADING CAREER... has been watching the WSOP on TV. If it instilled any "trading notions" in you, THEY WERE FALSE!!
 
If a person is Serious, about becoming a profitable trader, the understanding of poker will accelerate their efforts to reach profitable, consistent trading. Not suggesting that one should become a poker player to accelerate their success as a trader, just understand the Theory of Poker and the Theory of Trading. Both are quickly grasped if one will just spend a day on each theory. The time will be incredibly worth the few hours.
 
LS1Z28 said:
Do you really believe that things like strategy development, risk management, emotional control, & the ability cutting losses aren't material to success in active trading?
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All true in trading. Little true in poker.
 
nickynoes said:
Just give it up dude, you obviously know little about poker.
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UP YOURS, DICKWAD.

I played poker 3-4 times a week for about 15 years. You do that or you just talking out your ass?

One more stupid comment like that and I'll have you ON IGNORE!
 
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