Poker vs Day Trading

Overnight said:
Who the hell are the 9 people who took this survey who are not familiar with chess, and the 4 people who think it is "luck"?

The world is doomed.
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Just shows the diversity in the people that they picked for the survey.

The world is alive and well. :)
 
KCalhoun said:
Poker's easier when you're playing vs fish (drunk tourists)

Trading's easier when the chart you're trading goes up nicely ( like BOIL today)

They're both hard af
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Why do casinos think of people as animals from the water? Whales, fish,... :confused:
 
SimpleMeLike said:
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.
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Like Kansas used to sing :

"If I claim to be a wise man, it surely means that I don't know"

 
SunTrader said:
'He who knows all the answers has not been asked all the questions.' - Confucius.
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Good Morning SunTrader

I like that, holds true for women.

In trading and in my experience, looking for too many answers prolongs getting rich.
 
elite1974 said:
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.
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1) I don't understand that one. My point number one is you have to ante up to see your hand; not so in trading.
2) Perhaps you can have a guaranteed win in poker; I don't play. It is hard to believe if you sit down at a table with five other guys that you are likely to have a guaranteed win on any given hand.
3) I was referring to each hand of poker.
4) Yes if you trade stocks there are dark pools. I don't trade stocks intraday; I like to see every trade that goes through so I stick to futures.
 
One often has guaranteed wins in poker, 'the nuts'.. eg board is QTT45 and I have TT my quads beat any other possible hand. Challenge is to slow play turn to get max value when shoving river etc. I hope someone has pocket 4s and shoves with their house, so I get all their $ w/quads
 
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