Why do folks reveal Profitable Strategies, are they NUTS?

[Bearbelly]

I do think poker is analogous to trading in many ways but what I like about poker is you have someone to cuss out when things go wrong.

 

[T280]

Quote from Pr0crast:

Glad to see this thread is back on track.

We owe it all to your moral compass and sense of christian outrage... god speed aquaboy

 

[T280]

Quote from Bearbelly:

I do think poker is analogous to trading in many ways but what I like about poker is you have someone to cuss out when things go wrong.

And lets not forget strip poker.... trading really can't match that kind of excitement

 

[Bearbelly]

Quote from T280:

And lets not forget strip poker.... trading really can't match that kind of excitement

Depends on who your playing with.

 

[Pr0crast]

*yawn* you are beginning to bore me.

 

[T280]

Quote from Pr0crast:

*yawn* you are beginning to bore me.

A direct quote from your wife on a Saturday night no doubt


The thread was back on track without your pointless, passive aggressive observation

 

[whitster]

i am well aware of behavioral finance. i did go to grad school for frigging psychology.

but the point stands. ta works for many reasons (and doesn't work for many reasons for many)

but to argue that if only one person (as an extreme example) used TA and everybody else used fundies, that TA would not work, is simply false.

again, price... order flow... institutional pressure... etc. etc. those exist whether or not a bunch of retail traders are watching their latest nifty indicators (i don't use em btw)

 

[PointOne]

Quote from Bearbelly:

I do think poker is analogous to trading in many ways

I just don't get this. Please elaborate!

Other than the overlap of certain personality types who are drawn to both activities, I can't see many parallels between poker and profitable trading.

I think we are getting the roles and responsibilities mixed up (of the trader and the market).

If there is a parallel, perhaps it is the trader walking around the table examining all the hands and chips closely then deciding who to put his money on.

 

[T280]

Probability

 

[Pr0crast]

Quote from PointOne:

I just don't get this. Please elaborate!

Other than the overlap of certain personality types who are drawn to both activities, I can't see many parallels between poker and profitable trading.

I think we are getting the roles and responsibilities mixed up (of the trader and the market).

If there is a parallel, perhaps it is the trader walking around the table examining all the hands and chips closely then deciding who to put his money on.

PointOne: Did you read my post on the other page? The analogy is that in poker, the winners understand the game and the players better than most. They understand that the real value comes from being able to analyze a situation based on a complete data set and coming to a logical conclusion for how to proceed. And also that poker and many forms of trading are zero-sum activities.