Oh wow - I wasn’t even sure how to search for what I needed, but this looks like a great starting point to find what I seek. Thank you!!
Poker players make the best traders?
- Thread starter viruscore1
- Start date
Oh wow - I wasn’t even sure how to search for what I needed, but this looks like a great starting point to find what I seek. Thank you!!
For me I trade the ES futures (with real money) and I play WSOP online (free only) and for sure it helps me become a better day trader (I'm not saying it will help you). I play poker not the way most people do it. If you believe that you are trading too much, try this for fun see if you can last for 2 to 4 hours playing poker online for FREE ONLY, without blowing out your poker account. Try and only play the odds of winning, do not bluff. After one hour how do you feel? Bored, cocky or piss. Work of your inner self, If it doesn't work for you then stop and move on, If it works for you then start timing yourself and learn how to last longer. (P.S get multiple poker email accounts). I will do this sometimes when I'm trading live, if I start to get bored or lose focus.
Now for noobies, and for pro traders that trade multiple stock or options, etc, I would not play ANY GAMES at the same time as trading. For me I've been using the same trading setup for over 20 years and I only trade the futures ES, so I know what I'm looking for every day if I get a setup I trade, if not I don't! The trick is not to do something stupid doing the downtime and this is where FREE ONLY POKE comes in for me. If you find yourself playing bad hands, because you having got a good one in a long time or rising the pot higher because you have been winning a lot, then stop and thing were have you done that before and how did it work out for you???? My favor thing when I'm playing poker is to watch players that will bet it all with NO good cards or on one hand and lose everything. it reminds me of the counter-trend traders and a strong bull or bear market that think they call bet their way out of a bad position. there is an old day trading saying " you lose your mind before you lose your money" try and remember that if you are going to be a trader or you play online POKER FOR FREE!
Now for noobies, and for pro traders that trade multiple stock or options, etc, I would not play ANY GAMES at the same time as trading. For me I've been using the same trading setup for over 20 years and I only trade the futures ES, so I know what I'm looking for every day if I get a setup I trade, if not I don't! The trick is not to do something stupid doing the downtime and this is where FREE ONLY POKE comes in for me. If you find yourself playing bad hands, because you having got a good one in a long time or rising the pot higher because you have been winning a lot, then stop and thing were have you done that before and how did it work out for you???? My favor thing when I'm playing poker is to watch players that will bet it all with NO good cards or on one hand and lose everything. it reminds me of the counter-trend traders and a strong bull or bear market that think they call bet their way out of a bad position. there is an old day trading saying " you lose your mind before you lose your money" try and remember that if you are going to be a trader or you play online POKER FOR FREE!
I can say that after my gambling career, I started to trade, and it was really easy for me, while a friend of mine was working in an office without any idea about gambling. So we decided to start a career in trading, for me it was easy, I got the idea of trading really fast, my friend couldn't understand all the things very fast, even if he is smarter than me, he said that he needs time. So I took me about a month to make the things to go well, my friend almost three months. Even if I trade I can't leave back the moments when I was playing https://1-casinosenligne.com/raging-bull-casino/ because there are too many memories and a lot of money. I won a lot of money, I am supposed to think that gambling opened my success in trading.
If you play poker for a living (your gambling career), you are not gambling, you are a professional, your profession is playing poker.
Poker is undoubtedly one of the most famous probability games of our time. There are many stories about other professional poker players who have proven to be successful traders. Despite the worlds of gambling
and investments are divided, they really have some things in common, and perhaps that’s why they make good traders.
and investments are divided, they really have some things in common, and perhaps that’s why they make good traders.
Phil Ivey is the perfect example of great players discovering edges. https://casinogrounds.com/news/gambling/phil-ivey-baccarat-lawsuits/
The great thing about trading compared to poker is that you can take your chips back out of the pot if cards go against you when trading by scaling out.
You probably don't want to do that when playing poker LOL
I use poker analogies all the time in my chat room, for example yesterday sucked big time because it was so flat and choppy in the markets. I told my traders it was like being early position with 7 2 offsuit in poker, you fold, don't overtrade
You probably don't want to do that when playing poker LOL
I use poker analogies all the time in my chat room, for example yesterday sucked big time because it was so flat and choppy in the markets. I told my traders it was like being early position with 7 2 offsuit in poker, you fold, don't overtrade
Did this man tell you?
So if you play and lose money you're a gambler and if you play and make money you're not a gambler.
WTF?
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Many poker players may lack the patience to be effective traders on the long haul. Sometimes a trader or investor needs to slow their roll or sit out the market somewhat for weeks on end. Some of the tighter tournament players might make good swing traders.