Poker vs Day Trading

[elite1974]

I disagree that trading is like poker.
1) In order to play poker you have to ante up before any cards are dealt. In trading, you can wait (at the table so to say) until you see an opportunity.
2) Seeing the opportunity is like seeing your hand BEFORE you place a bet.
3) In a poker game only one person wins; in trading many people can win.
4) In poker people can conceal their emotions. In trading, it is impossible to conceal the buying and selling.

This post is not very accurate, and could "dispute" all points.
1) inflation is like the ante.
2) in poker you can have a guaranteed win, not so much with trading.
3) many people can win in the game, not just one hand.
4) traders can conceal with dark pools, or other more advanced trickery.

In short, in poker the games get very tough at the higher levels, and are not profitable enough (worth your time) at the lower limits. In trading you can deploy a large amount of capital much easier, and probably can't trade at all if you are at the lower levels.

 

[comagnum]

If you bought Apple stock for example say 1,2,5,or 10 years ago you have a rising return growing over time, even when you sleep. Can't say the same about winning a poker bet.

 

[deaddog]

If you bought Apple stock for example say 1,2,5,or 10 years ago you have a rising return growing over time, even when you sleep. Can't say the same about winning a poker bet.

But that's investing not trading.
You could have also invested in a bitcoin miner or a weed stock.

 

[comagnum]

Oh yea - the theme is 'day trading' so scratch that thought.

 

[Bad_Badness]

But that's investing not trading.
You could have also invested in a bitcoin miner or a weed stock.

I did with a weed farm, tier 3 in WA state. Sold 2 million grams of weed in 2 years. Invested 650K. Sold it for 650K plus 85.00. So I made 85.00 over two years on 650K and two years of work!

If you could see the other traders, trading could be funnier!
And to the OP, perhaps you should trade as conservative as you play poker. Slow and steady with small drawdowns.

 

[SunTrader]

If you bought Apple stock for example say 1,2,5,or 10 years ago you have a rising return growing over time, even when you sleep. Can't say the same about winning a poker bet.

How about if you took the winning poker bet .... and then bought Apple shares.

 

[Drawdown Addict]

.... and I can see better returns than my usual returns at day trading.....
Is poker easier to master than day trading?

___________________________________________________


It seems like you know yourself.
It also seems like you don't know yourself.

Since you are good at poker games,
then go focus on it so that you can earn tons and tons of $$$$.

I liked you better when I was in your ignore list, go the fuck away wanker

 

[Drawdown Addict]

How about if you took the winning poker bet .... and then bought Apple shares.

that is actually a great plan

 

[Drawdown Addict]

In poker you get to choose who you play against. You get to start at low stakes games and increase your stakes as your skill increases. You don't start off playing the very best players in the world. You are also aware that you don't stand a chance against the top players.

In trading you start out trading against the top players and think you are on equal ground.

And I think this is the main reason why I am doing better in poker, I am against my level of players. No professionals there.
They are reckless, so my conservative and slow play wear them down eventually. I believe that I wouldn't do that well at higher tables without a professional understanding of the game.

 

[SimpleMeLike]

I started playing poker for about a month and I can see better returns than my usual returns at day trading.
I play poker very conservatively, with very long and boring grinding sessions. Mainly looking to enter in the mud with good hands, nothing too crazy and slowly slowly building the bank.
Since both fields are a form of gambling, are there any professional poker players around that could share some thoughts on it?
Is poker easier to master than day trading?

Hello Drawdown Addict,

I know I will get a lot of negative response to me, but it is my opinion and day trading experience.

But here goes:

Manual Day Trading is the same thing as playing Poker and Gambling.

I love thinking about it this way.

Manual Day Trading is better than Poker Playing because all I have to do is read the price and take my best guess to make a profit for the day.

Like in Poker, when I feel or think I have a high probability chance of getting a trade win, sometimes I go to like 5 or 10ES or 30ES contracts and hope it works so I get a big win so I can get rich really fast.