Exactly. Pros, push the game. The don’t check or call. They tend to bet, raise, Re- raise or just fold. For the most part, I’m not saying always. Also, you might play a tourney much different than cash. You would never fold a premium starting hand in cash unless you are shitting in your pants and need to go. Whereas in a tourney you may fold if your stack is big enough above the 2nd player ,,,etc.
Poker players make the best traders?
- Thread starter viruscore1
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Exactly. Pros, push the game. The don’t check or call. They tend to bet, raise, Re- raise or just fold. For the most part, I’m not saying always. Also, you might play a tourney much different than cash. You would never fold a premium starting hand in cash unless you are shitting in your pants and need to go. Whereas in a tourney you may fold if your stack is big enough above the 2nd player ,,,etc.
2nd point is assuming you can see your opponent/s hands and assumingg most hands are won at the river which they aren’t. There is the uncertainty that you are drawing dead or might be folding the better hand. That’s where reading your opponent/s come in handy.
The big picture idea is that very successful poker players are more likely to become successful traders than random people.
Quite a few major firms and backers find this to be true. Truly.
Being a strong competitive athlete, chess player, backgammon player no doubt increases ones chances. Major firms and backers are finding this to be true.
Thorp and Hull both mention their stint as winning card counters as having been helpful.
I know of an ex-blackjack player worth hundreds of millions from 20 years of options trading who only backed games players and another worth tens of millions who followed this method. Sesqhanna demands their traders learn poker.
Being a poor thinker or someone who easily Folds Under Pressure no doubt decreases ones chances.
Obviously none of these endeavors are exactly like the other.
(Guess what? I would bet on a champion in any of the above mentioned areas over a random MBA.
Thinking well and reacting well under pressure is a skill and being adaptable is a skill.
Being able to quickly get close to the truth of a situation is a skill.
Having the will to prepare in a fanatical way is also a strong attribute)
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Thank you for your question...
That is not what I am getting at but I can see how it may sound that way.
The word "gamble" often has a different meaning to professional gamblers than to others.
We can use a different word if you like.
Professional gamblers, traders, casinos and master investors like Warren Buffett all share much in common.
1. They all want worthwhile edge, aka positive expectation
2 They all seek to use reasonable risk control
3. Often they look at opportunity cost.
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* I am a big Warren Buffett fan and find he has excellent life advice like:
"Be around people whose behaviors are better than yours and you’ll drift in that direction."
Or
"The first thing to do when you find yourself in a hole is to stop digging."
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It is understandable that you do not understand the big picture corelations between trading and professional gamming. This is a trading site.
Successful pro gamblers.. including poker players... Do Not go all in with their bankroll on a bluff.
Cash players and tournament players risk only a small portion of their money on each buyin.
Successful gamblers.. including poker players and black jackplayers .. position size.
Buffett position sizes. Once he risked quite a bit on American Express but never came close to risking it all.
Posting ideas is a good way to learn. Thank you.
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Look... we all know different fields are not exactly alike, however,
* it is well accepted that those who are successful in some areas of life statistically speaking have better chances than others... like champion games playing and trading.
** the poker world is full of degenerate gamblers who are often in debt or hustlers running scams on people. Some of the colorful characters you may see on TV are not really professional gamblers, but some are.
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You shouldn't attempt to talk for others. All in bluff win happens in big games. Your lack of experience really comes thru...
http://ftw.usatoday.com/2017/12/pok...ays-with-hellmuth-daniel-shak-7-2-bluff-video
I have played many times with both players.
As a matter of fact I just made an all in bluff 10 minutes ago and am typing this as I sit in a no-limit hold em game.
There is a difference between betting all of your chips in front of you in a poker game and risking your entire bankroll in a game.
Pro traders do not risk losing all their money on one trade. Poker players limit what they can lose on a hand to what they put on the table.
Traders position size. Poker players position size the amount of their money they put on the table. Warren Buffett position sizes how much he invests in a stock or how much he can lose writting insurance against a major event.
Maybe you will reflect and learn. Maybe you will not. Professional gambling and pro games play is a niche, anyway.
Look... I sincerely hope you have a strong understanding of whatever it is you do to make money and I wish you the best.
When it comes to this topic, which you do not understand well, I will roll my eyes and move on.
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