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Topic: Play poker to train trading - page 3. (Read 1849 times)

hero member
Activity: 1778
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www.V.systems
July 08, 2019, 06:02:29 PM
IMHO the biggest lesson from poker is that you can't always win. Sometimes you have to take a small loss to save whatever remains of your investment. That you don't always have to "call".

Poker and crypto trading are two different things and should not be compared. If you want to a be good trading, focus on learning trading and not on Poker.  Smiley

The only thing which is similar and can be learnt in both poker and trading is the patience and controlling emotions. If you are able to overcome your emotions, for sure you can have big success in both poker and crypto trading.
For me actually both are good but we will have to focus on one side because it will not divert your attention, so first of all check your interest, then choose it, if you are good at trading spend your time and your money for trading, if you are good at gambling then gamble with your full concentrating and chose good game in this regard.

Isn't gambling more about luck than about skill? With trading, you'd have to calculative and understand the financial market, how does one become a better gambler? By "improving their luck"? lol is that even scientifically possible?
hero member
Activity: 1078
Merit: 501
July 08, 2019, 04:36:23 PM
IMHO the biggest lesson from poker is that you can't always win. Sometimes you have to take a small loss to save whatever remains of your investment. That you don't always have to "call".

Poker and crypto trading are two different things and should not be compared. If you want to a be good trading, focus on learning trading and not on Poker.  Smiley

The only thing which is similar and can be learnt in both poker and trading is the patience and controlling emotions. If you are able to overcome your emotions, for sure you can have big success in both poker and crypto trading.
For me actually both are good but we will have to focus on one side because it will not divert your attention, so first of all check your interest, then choose it, if you are good at trading spend your time and your money for trading, if you are good at gambling then gamble with your full concentrating and chose good game in this regard.
hero member
Activity: 2604
Merit: 816
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July 08, 2019, 08:28:48 AM
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But we have a chance to make money from trading than from gambling because if we can learn more about trading, that will help us to make a profit. But in gambling, it is very difficult to make money because gambling will depend on the luck itself. There will be a small chance for us to win if we don't know when our luck will come.

And can we have even a slightest idea about that? No. Same with trading. No one on Earth can tell you whether this or that coin will go up or down from a certain point. Yes, sometimes there is a big probability of a certain outcome, but you have that in poker too. The probability of winning with a flush Ace high, if Ace is one of your pocket cards, is high, but we all know that there is a possibility of negative outcomes too.

If you are learning a coding language, or just a foreign language, the more time and efforts you spend on it, the better you become. This is not the case with playing poker and trading, and I think these activities are indeed similar to each other, regarding dependence on luck and money management.

Yes, I agree with this but related to cryptocurrency, if you can choose the right coin, for example, bitcoin, you know you can make a profit from bitcoin, although you don't know when. I prefer to take any profit I can see than to hold for a long time but that if I don't have any clue for the coin that I have.

But in poker, when you can get the right card, for example, a flush Ace, that will be a chance to win but you cannot always get a flush Ace and that will not happen in all day.

So the point here is no matter you try hard in the gambling, you still need the luck to win. But in trading, as long as you can select the right coin, you can take a profit many times and to get the right coin, you must analyze one by one and that is not easy.
legendary
Activity: 3136
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Leading Crypto Sports Betting & Casino Platform
July 08, 2019, 07:05:20 AM
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The only thing which is similar and can be learnt in both poker and trading is the patience and controlling emotions. If you are able to overcome your emotions, for sure you can have big success in both poker and crypto trading.

Not only that what is similar between poker and trading. The most important similarity is that in both activities you have to be a pro in managing your balance. You should be able to weigh the possible outcomes and act accordingly, or otherwise you can end up with zero balance pretty soon, both in poker and in trading. The goal is to minimize the luck factor, although you can't eliminate it completely.

This is almost impossible as luck will always be present in both activities.While they may relate a little in poker you and only you are responsible for your gameplay and you are only limited to the table you are playing where your skills decide the outcome of the game.

In trading is different as many outside factors decide the outcome of a trading pair so I would not play poker to train for trading as it will not work in most of the cases.
legendary
Activity: 3234
Merit: 2112
I stand with Ukraine.
July 08, 2019, 06:55:01 AM
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The only thing which is similar and can be learnt in both poker and trading is the patience and controlling emotions. If you are able to overcome your emotions, for sure you can have big success in both poker and crypto trading.

Not only that what is similar between poker and trading. The most important similarity is that in both activities you have to be a pro in managing your balance. You should be able to weigh the possible outcomes and act accordingly, or otherwise you can end up with zero balance pretty soon, both in poker and in trading. The goal is to minimize the luck factor, although you can't eliminate it completely.
hero member
Activity: 2912
Merit: 629
July 08, 2019, 05:27:07 AM
Trading and poker are somehow related because of the strategy that you have to apply if you are in the actual game and if you trade.

Poker is not about luck because you need to be skillful, sometimes even how bad your cards is you can do something to improve it.

The same in trading you need plan, skills and strategy.
full member
Activity: 560
Merit: 107
July 08, 2019, 04:19:08 AM
For me, yes it can be useful to some other ways. But in poker, if you bet that kind of amount, it's on compared in trading because once you change in mind, you can still pull out your money or stop the trade and again analyze your move compared to poker that the time is much quicker. Smiley
member
Activity: 406
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July 07, 2019, 06:52:37 PM
 Trading and poker is very similar but I think its doesn't matter if you good in trading, then you are also good in poker because its still different its come to activity.
sr. member
Activity: 2506
Merit: 368
July 07, 2019, 04:30:17 PM
One way or another, there is a lot in common between gambling and trading.  And the first is that it is very difficult to achieve the desired results, but still the chances of a merchant are much greater.  If a person wants to make a good profit from trade, then he should also be willing to learn everything properly and gain experience.  Only diligent work and practice will give the desired profit.  But in gambling there is luck.
We are just talking in poker game and not in general gambling fields. I've to agree that poker will be of the same from what we do in trading. Both of them needs luck and strategies in order to win. In playing poker will have to believe that we can get some tips to be applied into our trading plans and helps us to succeed.  

Poker is an entirely different league from other forms of gambling. Even if you have a bad luck, sometimes bluffing and snowing would yield you better profit than good hands. But you also should be able to maintain a personality in poker. Be less predictive while studying the behavior of your competitors.

Bluffing could be a solution if we don't have a good card in pokers but that will not work to the pro poker gamblers because they will know if we lie or not. They will anticipate from the bad things that might happen later and they will prevent that to happens. The pro gamblers will find a way to know if you are just bluffing or not so they can decide what they need to do.
So far bluffing works everytime even if you have a pro gambler in the table as long as you master the art of bluffing. Believe me, you are more than this pro gambler if you master the art of bluffing, this includes the power to mislead your opponent and be less predictive to your every move.


hero member
Activity: 2856
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Leading Crypto Sports Betting & Casino Platform
July 07, 2019, 03:56:01 PM
One way or another, there is a lot in common between gambling and trading.  And the first is that it is very difficult to achieve the desired results, but still the chances of a merchant are much greater.  If a person wants to make a good profit from trade, then he should also be willing to learn everything properly and gain experience.  Only diligent work and practice will give the desired profit.  But in gambling there is luck.
We are just talking in poker game and not in general gambling fields. I've to agree that poker will be of the same from what we do in trading. Both of them needs luck and strategies in order to win. In playing poker will have to believe that we can get some tips to be applied into our trading plans and helps us to succeed.  

Poker is an entirely different league from other forms of gambling. Even if you have a bad luck, sometimes bluffing and snowing would yield you better profit than good hands. But you also should be able to maintain a personality in poker. Be less predictive while studying the behavior of your competitors.

Bluffing could be a solution if we don't have a good card in pokers but that will not work to the pro poker gamblers because they will know if we lie or not. They will anticipate from the bad things that might happen later and they will prevent that to happens. The pro gamblers will find a way to know if you are just bluffing or not so they can decide what they need to do.
sr. member
Activity: 882
Merit: 269
July 07, 2019, 02:58:28 AM
IMHO the biggest lesson from poker is that you can't always win. Sometimes you have to take a small loss to save whatever remains of your investment. That you don't always have to "call".

Poker and crypto trading are two different things and should not be compared. If you want to a be good trading, focus on learning trading and not on Poker.  Smiley

The only thing which is similar and can be learnt in both poker and trading is the patience and controlling emotions. If you are able to overcome your emotions, for sure you can have big success in both poker and crypto trading.
That is it! Poker and trading are two different things and we cannot use the knowledge from poker for  trading and you will not succeed in trading except you are ready to learn and transmute what you learn into investments decisions. The two may look common but there are two different things that combine the two will make you lose in trade as the approach are not the same.
sr. member
Activity: 2030
Merit: 356
July 07, 2019, 02:21:26 AM
IMHO the biggest lesson from poker is that you can't always win. Sometimes you have to take a small loss to save whatever remains of your investment. That you don't always have to "call".

Poker and crypto trading are two different things and should not be compared. If you want to a be good trading, focus on learning trading and not on Poker.  Smiley

The only thing which is similar and can be learnt in both poker and trading is the patience and controlling emotions. If you are able to overcome your emotions, for sure you can have big success in both poker and crypto trading.
full member
Activity: 935
Merit: 105
July 06, 2019, 10:06:36 AM
One way or another, there is a lot in common between gambling and trading.  And the first is that it is very difficult to achieve the desired results, but still the chances of a merchant are much greater.  If a person wants to make a good profit from trade, then he should also be willing to learn everything properly and gain experience.  Only diligent work and practice will give the desired profit.  But in gambling there is luck.
We are just talking in poker game and not in general gambling fields. I've to agree that poker will be of the same from what we do in trading. Both of them needs luck and strategies in order to win. In playing poker will have to believe that we can get some tips to be applied into our trading plans and helps us to succeed.  

Poker is an entirely different league from other forms of gambling. Even if you have a bad luck, sometimes bluffing and snowing would yield you better profit than good hands. But you also should be able to maintain a personality in poker. Be less predictive while studying the behavior of your competitors.
full member
Activity: 784
Merit: 123
July 06, 2019, 10:01:31 AM
One way or another, there is a lot in common between gambling and trading.  And the first is that it is very difficult to achieve the desired results, but still the chances of a merchant are much greater.  If a person wants to make a good profit from trade, then he should also be willing to learn everything properly and gain experience.  Only diligent work and practice will give the desired profit.  But in gambling there is luck.
We are just talking in poker game and not in general gambling fields. I've to agree that poker will be of the same from what we do in trading. Both of them needs luck and strategies in order to win. In playing poker will have to believe that we can get some tips to be applied into our trading plans and helps us to succeed.  
full member
Activity: 1316
Merit: 108
July 06, 2019, 09:15:28 AM
One way or another, there is a lot in common between gambling and trading.  And the first is that it is very difficult to achieve the desired results, but still the chances of a merchant are much greater.  If a person wants to make a good profit from trade, then he should also be willing to learn everything properly and gain experience.  Only diligent work and practice will give the desired profit.  But in gambling there is luck.
legendary
Activity: 3234
Merit: 2112
I stand with Ukraine.
July 06, 2019, 06:44:04 AM
~
But we have a chance to make money from trading than from gambling because if we can learn more about trading, that will help us to make a profit. But in gambling, it is very difficult to make money because gambling will depend on the luck itself. There will be a small chance for us to win if we don't know when our luck will come.

And can we have even a slightest idea about that? No. Same with trading. No one on Earth can tell you whether this or that coin will go up or down from a certain point. Yes, sometimes there is a big probability of a certain outcome, but you have that in poker too. The probability of winning with a flush Ace high, if Ace is one of your pocket cards, is high, but we all know that there is a possibility of negative outcomes too.

If you are learning a coding language, or just a foreign language, the more time and efforts you spend on it, the better you become. This is not the case with playing poker and trading, and I think these activities are indeed similar to each other, regarding dependence on luck and money management.
hero member
Activity: 2604
Merit: 816
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July 06, 2019, 05:27:05 AM
definitely the connection between the gambling and trading will always there because both are like same path if we do properly only you can get the result to be positive otherwise both gambling and trading will not give any success that's why I think playing gambling will also helpful for the trading

But we have a chance to make money from trading than from gambling because if we can learn more about trading, that will help us to make a profit. But in gambling, it is very difficult to make money because gambling will depend on the luck itself. There will be a small chance for us to win if we don't know when our luck will come.
member
Activity: 1120
Merit: 30
Bisq Market Day - March 20th 2023
July 05, 2019, 03:42:26 PM
This post made sense during the bearish market when profit making was hard like gambling.  I guess most experienced cryptocurrency traders would disagree with it today.

Good crypto traders can make profit from most of their trades... not sure this is the case with gambling

That's exactly my point because this would have suited the bearish days and not when the market has gained dull momentum. Trade still remains the ultimate compares to the gambling industry because gambling is more of luck than gambling for win. Trade is my favourite and had made some profit from it few weeks ago.
sr. member
Activity: 994
Merit: 256
July 05, 2019, 03:00:26 PM
I have extensively played poker and to some extent done trading. Except for the fact that there's a bit of luck playing on both, I found no other similarities between them.
Both requires attention and so does every work. The study done in poker are based on exact time while trading needs more detailed research and study.
The point of the OP is actually relating them, not telling that they are similar in terms of approach. Of course they are not similar but when we go on a different perspective, we can see that traders and poker players are both taking risk but in different way and basis.
Risk is in everything and ofcourse we are born after huge risky operations.But we need to focus on what we are going to do will make us to be better than trying something for getting better at some other things.
Will be the risk are we facing in both poker and trading, it makes people not to stay at its focus when they keep thinking of it.
Playing poker is just like in trading, the risk is their, both have possibility of losing and winning is just be our luck. But I've never wanting to have this two in a time, and I've preferred to do trading the risking my money in gambling.
Yeah both of them are based on learning we will have to learn it allot, if you are going to be gambler it will need allot of knowledge and if you want to become a trader you will have to gain skills and patience but whatever we choose we will get allot of profit, so I trade with my crypto and I gamble with my money.
Actually have skill in both trading and gambling is good to do. Because sometime trader usually get bored too with their usual activities and gambling or maybe play poker. And in poker, we can learn like what people said about patience and get any strategy to minimize loses. Both of it is good in general.
Yes you are right it is very important to have knowledge about both as trading is profitable ad it is best way to make money at the same time, gabling will give you mental relaxation along with profit, so both are good but you cannot focus on both at single time, when you are gambling then focus on gambling and if you are trading keep learning about trading.
sr. member
Activity: 2114
Merit: 268
Leading Crypto Sports Betting & Casino Platform
July 05, 2019, 02:38:52 AM
I have extensively played poker and to some extent done trading. Except for the fact that there's a bit of luck playing on both, I found no other similarities between them.
Both requires attention and so does every work. The study done in poker are based on exact time while trading needs more detailed research and study.
The point of the OP is actually relating them, not telling that they are similar in terms of approach. Of course they are not similar but when we go on a different perspective, we can see that traders and poker players are both taking risk but in different way and basis.
Risk is in everything and ofcourse we are born after huge risky operations.But we need to focus on what we are going to do will make us to be better than trying something for getting better at some other things.
Will be the risk are we facing in both poker and trading, it makes people not to stay at its focus when they keep thinking of it.
Playing poker is just like in trading, the risk is their, both have possibility of losing and winning is just be our luck. But I've never wanting to have this two in a time, and I've preferred to do trading the risking my money in gambling.
Yeah both of them are based on learning we will have to learn it allot, if you are going to be gambler it will need allot of knowledge and if you want to become a trader you will have to gain skills and patience but whatever we choose we will get allot of profit, so I trade with my crypto and I gamble with my money.
Actually have skill in both trading and gambling is good to do. Because sometime trader usually get bored too with their usual activities and gambling or maybe play poker. And in poker, we can learn like what people said about patience and get any strategy to minimize loses. Both of it is good in general.
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