Play poker to train trading | Bitcointalksearch.org

virasog

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Quote from: o48o on July 18, 2019, 05:06:45 PM

Quote from: STT on July 17, 2019, 04:32:17 PM

Both 'games' require a cool hand or you will almost certainly lose.
*snip*

Difference is that in poker, you can't choose your hands. But on trading assets, you can choose the setups that have greatest potential for the move without an ante bet.

So basically poker is not fully in our control but trading is our full control. We have complete control on which coins to pick for trading. In poker, 80% of the game is dependent on the luck while in trading we have 100% control on the altcoins selection and if we sell and buy right, we shall definitely get more profit from trading.

Fredomago

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Quote from: logicgate on July 19, 2019, 01:01:03 PM

Quote from: o48o on July 18, 2019, 05:06:45 PM

Quote from: STT on July 17, 2019, 04:32:17 PM

Both 'games' require a cool hand or you will almost certainly lose.
*snip*

Difference is that in poker, you can't choose your hands. But on trading assets, you can choose the setups that have greatest potential for the move without an ante bet.

For me as well gambling and poker both are different it is not same so winning in both depends on your interest level. If you are happy to trade you can trade it has allot of profit but if you want to gamble in poker you can gamble. For me the only thing that matters is just to make money so I will put my fully best to win in both.

It's your interest that will bring you to earned from both sides of venues, trading and gambling can bring outcome that you intend if you learned things that you need to have while playing or working around, remember skills can be enhance each time you manage to execute new strategy inside poker
so with trading, every opportunities to execute working system will bring good outcome.

qwertyup23

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Quote from: Tytanowy Janusz on March 19, 2019, 06:35:39 AM

While I do respect your opinion, I still view poker as something that is more randomized compared to trading due to a number of reasons.

First, poker is a game wherein cards are randomized by a deck of cards with someone dealing the cards. Depending on the cards shown on the table, you make your bet pairing your hand. If you think that the pool is weak, you can discard your hand and wait for the next deal. On the other hand, you may also play the bluffing game by letting the opponents think that you have the strongest set of combinations of cards paired with the existing pool.

But what separates poker from trading is the manner of risking such. Although both have risks that are difficult to manage, in trading you rely on historical data, market situation, external and internal news in the country, etc. as it is multifactorial. Someone who is not knowledgeable in gambling can win loads of cash purely by luck. In trading, I doubt that happens since even experienced traders get bankrupted at the end of the cycle.

logicgate

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Quote from: o48o on July 18, 2019, 05:06:45 PM

Quote from: STT on July 17, 2019, 04:32:17 PM

Both 'games' require a cool hand or you will almost certainly lose.
*snip*

Difference is that in poker, you can't choose your hands. But on trading assets, you can choose the setups that have greatest potential for the move without an ante bet.

For me as well gambling and poker both are different it is not same so winning in both depends on your interest level. If you are happy to trade you can trade it has allot of profit but if you want to gamble in poker you can gamble. For me the only thing that matters is just to make money so I will put my fully best to win in both.

o48o

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Quote from: STT on July 17, 2019, 04:32:17 PM

Both 'games' require a cool hand or you will almost certainly lose.
*snip*

Difference is that in poker, you can't choose your hands. But on trading assets, you can choose the setups that have greatest potential for the move without an ante bet.

STT

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Both 'games' require a cool hand or you will almost certainly lose. Thats the easy correlation between the two, trading is definitely an activity that tries to trick you into a loss. Its just how markets work and you have to step outside that hustle and bustle and observe the most reasonable risk/reward path. I think poker is quite similar in punishing those who lose the thread of the game and just react only.

o48o

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Most traders i know have a poker background. I still don't know what should i make of that. Is it because trading is similar to gambling or does it just attract the the same type of people? As the trading (especially leverage trading) has the same kind of rush as in gambling...

syamster

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Quote from: Best Dreams on July 17, 2019, 12:57:56 AM

Quote from: proTECH77 on July 16, 2019, 07:08:12 AM

Quote from: Jjewelle29 on July 14, 2019, 10:07:03 AM

Quote from: swogerino on March 19, 2019, 07:40:32 AM

It is a good idea to play poker to improve your skills.I think that trading is a lot like gambling and the only difference is trading has better publicity compared to gambling.

While gambling is considered bad by most of the community trading is considered neutral.However you should be careful as both in gambling or trading you risk to become addicted.

For me playing poker is also can be one of reason to improve skills and about gambling & trading the two is have similarities because you can win and lose while playing gambling & trading..

Holistically poker look harder compare to trading because am a fan of the two, poker will give you experience and develop your skills to become a professional but for trade, you can get ride of it without experience on it. The very first time I traded, I wasn't haven a good.knowledge about trading but I did it and was able to make some profits from it. Poker is a skill based compare to trade.

Well I think both of them are good if you consider one of them risky or better than the other one so you will never be able to choose any. According to me if you have interest in games you can gamble and if you are good at trading you can trade...poker is good game and interesting one but I like trading more than this.

Exactly the interest and demand of the user matters allot of you think that gambling can give you good earning you can use gambling but for gambling you will have to have allot of knowledge and information. In poker you only simple enjoy the game but winning depends on your experience and your skills.

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Quote from: ethereumhunter on July 16, 2019, 03:46:00 AM

Quote from: Barracuda on July 14, 2019, 09:37:33 AM

I think Poker and trading are very different. Everyone can trade and everyone can play poker, but if playing poker doesn't have a strategy, of course you will just waste money. And when trading, the easy thing is to buy cheap prices and sell at high prices. Of course trading and poker have different places.

Poker and trading are different, but both poker and trading can be learned by many people who have the interest to know how it works. But the chance for us to get a loss will be bigger in poker than in trading. If we are losing money in poker, we are hard to recover the money, but if we lose money in trading, we can recover it as long as we don't sell it at the low price.

If you talk about risk, poker and trading actually have the same risk, because when we do not have the ability to trade or play poker it will cause losses. The main thing we must have in trading and playing poker is ability, with good ability we can reduce risk.

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Quote from: BUK2016 on July 11, 2019, 03:46:02 PM

Quote from: ?? on ??

Some very strange approach to learn to trade. Poker is a game of chance that can be played either for fun or for small conclusions. Even to break the bank is not always obtained.

Poker is not a game of chance rather a game of professionals and can be determine by what skills you have developed before gambling on poker casinos platform's. Poker is not as easy as dice games and others. I prefer to lean poker than to train on how to do binaries trades.

Yes,,, I would agree that it is a very strange approach but I suppose every creative way is going to seem strange at first. I bet when the first people started to learn Fibonacci or whatever tactics, people must have thought it was crazy to think trading markets had patterns but then,,, a lot of people can be successful at using numbers just to trade.

Poker is a game of chance, though,,, for sure skill plays a role but you need good cards to win still!

Best Dreams

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Quote from: proTECH77 on July 16, 2019, 07:08:12 AM

Quote from: Jjewelle29 on July 14, 2019, 10:07:03 AM

Quote from: swogerino on March 19, 2019, 07:40:32 AM

It is a good idea to play poker to improve your skills.I think that trading is a lot like gambling and the only difference is trading has better publicity compared to gambling.

While gambling is considered bad by most of the community trading is considered neutral.However you should be careful as both in gambling or trading you risk to become addicted.

For me playing poker is also can be one of reason to improve skills and about gambling & trading the two is have similarities because you can win and lose while playing gambling & trading..

Holistically poker look harder compare to trading because am a fan of the two, poker will give you experience and develop your skills to become a professional but for trade, you can get ride of it without experience on it. The very first time I traded, I wasn't haven a good.knowledge about trading but I did it and was able to make some profits from it. Poker is a skill based compare to trade.

Well I think both of them are good if you consider one of them risky or better than the other one so you will never be able to choose any. According to me if you have interest in games you can gamble and if you are good at trading you can trade...poker is good game and interesting one but I like trading more than this.

omonuyak

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Quote from: Johnzky on July 15, 2019, 10:35:09 AM

Quote from: swogerino on March 19, 2019, 07:40:32 AM

It is a good idea to play poker to improve your skills.I think that trading is a lot like gambling and the only difference is trading has better publicity compared to gambling.

Aside from publicity the advantage of trading is we can have use skills specifically and just small luck while in gambling what we need is more luck than skills

Quote

While gambling is considered bad by most of the community trading is considered neutral.However you should be careful as both in gambling or trading you risk to become addicted.

Well gambling turns bad if you treat in bad ways, but if you know how to handle gambling you’ll find it enjoyable and fo fun actually

That has been my views too! In gambling what we should be concerned of is luck because you don't need any skills to win but in trading, you actually need skills that is how to interpret the market both technical and fundamental and make informed investment decisions. Never compare the two except in the area of risk and reward.

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Quote from: ethereumhunter on July 16, 2019, 03:46:00 AM

Quote from: Barracuda on July 14, 2019, 09:37:33 AM

I think Poker and trading are very different. Everyone can trade and everyone can play poker, but if playing poker doesn't have a strategy, of course you will just waste money. And when trading, the easy thing is to buy cheap prices and sell at high prices. Of course trading and poker have different places.

Poker and trading are different, but both poker and trading can be learned by many people who have the interest to know how it works. But the chance for us to get a loss will be bigger in poker than in trading. If we are losing money in poker, we are hard to recover the money, but if we lose money in trading, we can recover it as long as we don't sell it at the low price.

Well, this could be right because playing card and choosing coins to trade is different. Opponents mindset is different from the fluctuations of cryptocurrencies. Maybe poker game is having 1 similar on trading and that is strong guessing against the possible happen which is end up of luck. Indeed, trading is base on unpredictable and poker might on skills of strong guessing.

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Quote from: Jjewelle29 on July 14, 2019, 10:07:03 AM

Quote from: swogerino on March 19, 2019, 07:40:32 AM

It is a good idea to play poker to improve your skills.I think that trading is a lot like gambling and the only difference is trading has better publicity compared to gambling.

While gambling is considered bad by most of the community trading is considered neutral.However you should be careful as both in gambling or trading you risk to become addicted.

For me playing poker is also can be one of reason to improve skills and about gambling & trading the two is have similarities because you can win and lose while playing gambling & trading..

Holistically poker look harder compare to trading because am a fan of the two, poker will give you experience and develop your skills to become a professional but for trade, you can get ride of it without experience on it. The very first time I traded, I wasn't haven a good.knowledge about trading but I did it and was able to make some profits from it. Poker is a skill based compare to trade.

ethereumhunter

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Quote from: Barracuda on July 14, 2019, 09:37:33 AM

I think Poker and trading are very different. Everyone can trade and everyone can play poker, but if playing poker doesn't have a strategy, of course you will just waste money. And when trading, the easy thing is to buy cheap prices and sell at high prices. Of course trading and poker have different places.

Poker and trading are different, but both poker and trading can be learned by many people who have the interest to know how it works. But the chance for us to get a loss will be bigger in poker than in trading. If we are losing money in poker, we are hard to recover the money, but if we lose money in trading, we can recover it as long as we don't sell it at the low price.

Johnzky

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Quote from: swogerino on March 19, 2019, 07:40:32 AM

It is a good idea to play poker to improve your skills.I think that trading is a lot like gambling and the only difference is trading has better publicity compared to gambling.

Aside from publicity the advantage of trading is we can have use skills specifically and just small luck while in gambling what we need is more luck than skills

Quote

While gambling is considered bad by most of the community trading is considered neutral.However you should be careful as both in gambling or trading you risk to become addicted.

Well gambling turns bad if you treat in bad ways,but if you know how to handle gambling you’ll find it enjoyable and fo fun actually

Betwrong

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Quote from: Barracuda on July 14, 2019, 09:37:33 AM

I think Poker and trading are very different. Everyone can trade and everyone can play poker, but if playing poker doesn't have a strategy, of course you will just waste money. And when trading, the easy thing is to buy cheap prices and sell at high prices. Of course trading and poker have different places.

If trading was so easy no one would lose money with it, but this is not the case. It's actually hard to say whether the price is "high" or "low". Like right now, for example. Is $10k for 1 BTC a "low" price? Should we buy at this price? And if the answer is yes, then should we spend all the money we have or just a part of it? And if just a part, then what part? 1/10? 1/5? 1/2?

Same goes for a poker game. If you have a straight, should you call a raise? And if the answer is yes, should you risk all your balance or just a part of it? ...

As you can see, there are similarities regarding money management, and this what almost all this thread is all about.

Jjewelle29

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Quote from: swogerino on March 19, 2019, 07:40:32 AM

It is a good idea to play poker to improve your skills.I think that trading is a lot like gambling and the only difference is trading has better publicity compared to gambling.

While gambling is considered bad by most of the community trading is considered neutral.However you should be careful as both in gambling or trading you risk to become addicted.

For me playing poker is also can be one of reason to improve skills and about gambling & trading the two is have similarities because you can win and lose while playing gambling & trading..

Barracuda

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I think Poker and trading are very different. Everyone can trade and everyone can play poker, but if playing poker doesn't have a strategy, of course you will just waste money. And when trading, the easy thing is to buy cheap prices and sell at high prices. Of course trading and poker have different places.

noormcs5

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Quote from: ?? on ??

Some very strange approach to learn to trade. Poker is a game of chance that can be played either for fun or for small conclusions. Even to break the bank is not always obtained.

Try to compare poker with dice and you will know that poker is not only based upon luck. If you understand and play poker more you will become more expert in poker. This is not true for other gambling games especially dice etc.
but understanding trading is more complex and poker is relatively easy to understand.

Topic: Play poker to train trading (Read 1917 times)