Poker vs Trading

In the markets, past performance influences future price movements.

In poker previous results have nothing to do with future results. (i.e. poker is completely random, markets are NOT).
 
Quote from crgarcia:

In the markets, past performance influences future price movements.

In poker previous results have nothing to do with future results. (i.e. poker is completely random, markets are NOT).
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You might get a discussion from those much smarter than me about both of those statements. You have a finite number of cards thus not a totally random walk. And, in the markets when earnings surge and the stock falls 10% this time vs. rising 10 % the last time it had good earnings...?? Makes one wonder a bit.

Both are much easier and more fun than working for a living, that's the important part, LOL.

Don
 
Quote from crgarcia:

In the markets, past performance influences future price movements.

In poker previous results have nothing to do with future results. (i.e. poker is completely random, markets are NOT).
More...



I don't think we are talking about technique or anything like that, rather the mental aspect is familiar.

There is no TA in poker, just as there is no bluffing in trading...but its the mental aspect of the games that we think are comparable.
 
hey candletrader where/what stakes do you shortstack?

I agree poker is a smooth income on less money. However trading is better for making big income like over 20k a month. I'm still learning to trade and have played poker full time for 6 years. I'm finding the skills aren't really the same, however emotional control and having a comfort level with money swings is great for both. And of course skill in managin a bankroll is very important.

So yes I think it is valuable, but you are still going to be a NEWB when you go from one to the other.

Also the ability to add 10k to a trading account several times from poker helps. :) That would be hard if you were a normal 9-5 guy.
 
$5/$10 tables for the most part. Everything is 6max, no full ring crap.

Short-stacking, so its pretty formulaic. Quite a bit of math, but pokerstove helps.
 
nice candle, i'm curious, what sort of bankroll do you think you need for 5/10 shortstacking? Rough winrate? I play up to 2/4 NL if a game is good, normally lower though, fullstacked.

I think being a shortstacker could be fun since all the players get so pissed at you guys all the time.
 
Quote from James3313:

I've been coming across some material over and over again that argues that poker and trading is very similar. I have played Texas hold'em a few times and can see why people see similarities between the two. My question is for those experienced traders who are consistently profitable in the market,

Would it be helpful for my trading career to play poker on the side to "practice" my skills. Now I'm not taking about going to to Casino every week and gambling, just play enough to sharpen my skills.
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Although I play a considerable amount of poker, I still find chess to have more similarities with trading, than poker.

Jeff
 
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