Make that tomorrow's (Tuesday) RTH open thanks to Juneteenth Day today.
Poker vs Day Trading
- Thread starter Drawdown Addict
- Start date
This is weak play and not at all a good way of looking at things. Of course if you don't drive out enough hands AA is no longer a dominant hand. A large bet doesn't have to be all in but you really have to drive out most of the trash hands.
I think it can be defined as conservative play.
I agree,however,that raising aggressively is important to push the punters off their hands(the ones that comeback and suck out later) but also to retrieve information about hand strength in those that do stick around.
Poker, like trading, can be played effectively many different ways. One's skill level and make up of the table can greatly effect optimum play. Sometimes playing ABC is optimal, sometimes looking for a better game is. Sometimes attempting to isolate a weaker player or playing relative position is best. Sometimes randomization is critical, sometimes it is not necessary. The pot limit Omaha games tend to be poorly played, giving a knowledgeable player a decisive mathematical advantage. A good part of that advantage is related to one's buy in strategy.
The last few months playing poker, my returns have been running 12 times a professional's expectancy. Part of that is running really well, but there are metagame considerations that many players are seemingly unaware of that accrue to my advantage.
Newer pokers players can learn some things by reading books, watching narrated poker on a media platform, talking with other poker players, and playing. However, situational awareness cannot be taught. It takes experience, focus, and intelligence. Situational awareness in poker is fundamental to reliably profitable poker. Then again, one does not have to be a winning player to have fun. I once beat a flopped full house by my opponent when I called his smallish bet with my 6 high on the flop! In a tournament. For all his chips. Poker can be both be glorious and cruel.
The last few months playing poker, my returns have been running 12 times a professional's expectancy. Part of that is running really well, but there are metagame considerations that many players are seemingly unaware of that accrue to my advantage.
Newer pokers players can learn some things by reading books, watching narrated poker on a media platform, talking with other poker players, and playing. However, situational awareness cannot be taught. It takes experience, focus, and intelligence. Situational awareness in poker is fundamental to reliably profitable poker. Then again, one does not have to be a winning player to have fun. I once beat a flopped full house by my opponent when I called his smallish bet with my 6 high on the flop! In a tournament. For all his chips. Poker can be both be glorious and cruel.
I once beat a flopped full house by my opponent when I called his smallish bet with my 6 high on the flop! In a tournament. For all his chips. Poker can be both be glorious and cruel.[/QUOTE]
Just to be sure I understand: you had a 6 in your hand,a 6 hit on the flop and then a 6 hit on the turn and river?
Do you remember why you called with a very very poor chance of winning.
If you raised i would understand that you were attempting a represent a strong hand and push him off his cards.
To call,seems strange.[/QUOTE]
Just to be sure I understand: you had a 6 in your hand,a 6 hit on the flop and then a 6 hit on the turn and river?
Do you remember why you called with a very very poor chance of winning.
If you raised i would understand that you were attempting a represent a strong hand and push him off his cards.
To call,seems strange.[/QUOTE]
[/QUOTE]
I was going to give the whole story on the hand, but felt the post was getting long as it was.
I was in middle position with no action yet. I decided to play 6-5 suited with a raise, hoping to steal the blinds. Everyone folded except for the button, who called. The flop came 4-4-4, giving me a 6 high (plus the trips on the board). Normally I would continuation bet, but I hesitated, giving my perceived competent opponent a tell I did not like the flop. Since this particular opponent did not reraise me preflop, I put him on a hand like A-7. If I shoved in spite of my tell, could he have called with a ace high, for example? I've confidently and correctly called a river bet with a queen high in a previous game. What if my opponent had a small pocket pair? A flopped full house against an opponent who hesitated in not a bad place to be. After I checked, my opponent bet about 20% of the pot. My estimated equity was 12%, making calling his bet a negative expectation, linearly speaking. However, I figured if I hit a 5 or 6, my opponent would not believe that hit my hand and I could get all his chips. After all, I was first in preflop with a raise. As such, I felt I had reasonable implied odds to make the call. I hit a 6 on the turn and led out with a bet that represented 30% of pot to encourage him to fold what I thought were overcards. He shoved all-in and I insta-called, astonishing him. He had pocket deuces. Later in the tournament I correctly called an all-in with a ace high against a short stacked opponent that I perceived as weak and ultimately won the prize for that tournament, a satellite seat for a WSOP event.
I was going to give the whole story on the hand, but felt the post was getting long as it was.
I was in middle position with no action yet. I decided to play 6-5 suited with a raise, hoping to steal the blinds. Everyone folded except for the button, who called. The flop came 4-4-4, giving me a 6 high (plus the trips on the board). Normally I would continuation bet, but I hesitated, giving my perceived competent opponent a tell I did not like the flop. Since this particular opponent did not reraise me preflop, I put him on a hand like A-7. If I shoved in spite of my tell, could he have called with a ace high, for example? I've confidently and correctly called a river bet with a queen high in a previous game. What if my opponent had a small pocket pair? A flopped full house against an opponent who hesitated in not a bad place to be. After I checked, my opponent bet about 20% of the pot. My estimated equity was 12%, making calling his bet a negative expectation, linearly speaking. However, I figured if I hit a 5 or 6, my opponent would not believe that hit my hand and I could get all his chips. After all, I was first in preflop with a raise. As such, I felt I had reasonable implied odds to make the call. I hit a 6 on the turn and led out with a bet that represented 30% of pot to encourage him to fold what I thought were overcards. He shoved all-in and I insta-called, astonishing him. He had pocket deuces. Later in the tournament I correctly called an all-in with a ace high against a short stacked opponent that I perceived as weak and ultimately won the prize for that tournament, a satellite seat for a WSOP event.[/QUOTE]
Aah I see.Thanks.
I don't know about poker, but I play Texas Hold 'em and I do well at FOREX. I definitely see some strong correlations.
First, the best pocket hand in Texas Hold 'em is Aces (AA), but that's a very low hand overall since it is only one pair. You really won't know anything about your chances of success until the flop at the earliest. Sure you can bet on the pair, and you should. But you can't make a final decision to hold or fold until at least after the flop.
Day trading should be identical to this but most people don't follow that format. Instead they try to make their final decision before buying, and even with new information they stick with their first decision. Can you imagine having to make a final bet before the flop? Even with pocket Aces you'd only win 4 of 5 times because more information comes later on that is pertinent.
I say ante up when your trading signal comes. Open the position. But don't base your final decision on the signal, base it on what comes next.