Poker players make the best traders?

Cards are a faux, fixed, semi-predictable environment...with not that many variables to consider.

The market is way much more complex, and deeper. and open to higher degrees of ambiguity. o_O
To succeed greatly in the longer run trading, rather than playing poker, it requires another world of complexity and depth and maturity and wisdom.

Can you dig it,
 
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777 said:
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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This is absolutely correct. The post you responded to is a great example of someone not knowing what they don't know. No offense to the other poster intended, but I found the exchange funny.
 
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I got into my first trading job solely based on the fact that I played poker. I still had to do all the interview rounds, but the bank's recruiter would never have invited me otherwise (liberal arts degree).

Edit: I don't think my poker experience gave me an edge in trading though.
 
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lawrence-lugar said:
Cards are a faux, fixed, semi-predictable environment...with not that many variables to consider.

The market is way much more complex, and deeper. and open to higher degrees of ambiguity. o_O
To succeed greatly in the longer run trading, rather than playing poker, it requires another world of complexity and depth and maturity and wisdom.

Can you dig it,
More...
No---Trading is easier than poker.
 
Diceman1983 said:
I got into my first trading job solely based on the fact that I played poker. I still had to do all the interview rounds, but the bank's recruiter would never have invited me otherwise (liberal arts degree).

Edit: I don't think my poker experience gave me an edge in trading though.
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In my opinion, the speed of poker gives it some consistency. It becomes a routine and you can develop a rhythm. Trading is a different beast because each trade varies in the amount of time held (which is probably why people like to automate and eliminate the emotion variable).
 
Buy1Sell2 said:
Trading properly has very little variance. Poker on the other hand-----
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"properly" has not been defined and could also have a great deal of variance. If one were trading in 2000 or 2008, one could have made a fortune (but still with a great deal of variance).

A poker player up against a table of novices might experience little variance. The cards are only a small part of the equation.
 
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