Topic: Play poker to train trading - page 5. (Read 1849 times)
I don't think that playing poker will help you get better knowledge in trading because these are different areas of earning money.
I think playing poker It is a good idea if you want to improve your skills more and sometimes porker it is about luck of cards. If the two will combine there is always a big chance to win.
Yeah I can relate to this as I have played poker too and it will challenged one to gamble or calculate risk in order to gain. Thus, the steategy to take is very crucial same as when one do marginal trading. But, in my case I would rather hold.and see clearer profit rather than risking and in the end losing money whenever trading fails.
In my opinion trading and poker are very similar. Interface is the only difference. Rules are the same.
I know that part of you will disagree with me with my very first sentence by saying that poker is game of luck and trading is based on indicators, supports, TA, FA and many more. Well you know nothing about trading and poker then
Why poker is not game based only on luck if cards you get are totally random:
Yea. Cards you get are totally random. But how to explain that we have so many professional poker players that play poker for a living? Well the only thing that they differ form those who are loosing is money management and discipline during bidding.. Bidding is the first and only moment that determines if you will lose or earn in poker. That's the hardest part that needs experience. Why?
With infinity plays you will have every possible card set. Good once, bed once. Sometimes you will lose sometimes you will earn. Key is not to lose less times. That impossible. Key is to lose less money with bed cards than you win with good cards. That's where money management and discipline comes. In poker that's especially hard because you have to say good bye to your money even with quite good card without battle if bidding is going too far and calculated probability of winning is showing you red light to bet higher. But that's the hand that makes bed player go home with 0 and good players stay and fight again.
How about trading?
In trading, you also don't know your opponents "cards". You don't know who is on market (whale are buying or bunch of fomo noobs). If whale than how much money he has left, when will he dump. TA may show various of buy signals but on the other hand that's the best moment for whale to dump (best price and best volume when everyone is sure that price can go only in one direction - f.e after breaking resistance). Will he dump or not? Is support holding for so long because someone is buying at that point or maybe whale stops to sell to don't break it to don't cause panic selling?
How about Fundamental Analysis? That's where we may be even more cheated by insider trading. When news hit market price is very often pumped by whales who new before. NEWS from which you do FA may also be faked by coin team. Even team might be faked.
It means that trading is game of luck? No. That's where money management and discipline comes. Same as with poker. Key is not to lose less times. Key is to lose less money with every bad trade. To cut looses and say good bye to your money even with "quite good card". To learn to enter only those trades with high probability of winning (TA buy signals) combined with low risk (close to support where you could set stop loss). TA indicators are easy to learn in 1-5 days. Good trader is able to earn on market for a living after few years of experience because discipline and money managements takes so much time to master in trading. That's where poker comes in. You can train those skill playing poker where every bet takes minutes not hours/days. You can master those skills faster and even for free playing for unreal money.
Professional trader and poker player will say the same thing: -You lose the most when you are sure that you will win
I know that part of you will disagree with me with my very first sentence by saying that poker is game of luck and trading is based on indicators, supports, TA, FA and many more. Well you know nothing about trading and poker then
Why poker is not game based only on luck if cards you get are totally random:
Yea. Cards you get are totally random. But how to explain that we have so many professional poker players that play poker for a living? Well the only thing that they differ form those who are loosing is money management and discipline during bidding.. Bidding is the first and only moment that determines if you will lose or earn in poker. That's the hardest part that needs experience. Why?
With infinity plays you will have every possible card set. Good once, bed once. Sometimes you will lose sometimes you will earn. Key is not to lose less times. That impossible. Key is to lose less money with bed cards than you win with good cards. That's where money management and discipline comes. In poker that's especially hard because you have to say good bye to your money even with quite good card without battle if bidding is going too far and calculated probability of winning is showing you red light to bet higher. But that's the hand that makes bed player go home with 0 and good players stay and fight again.
How about trading?
In trading, you also don't know your opponents "cards". You don't know who is on market (whale are buying or bunch of fomo noobs). If whale than how much money he has left, when will he dump. TA may show various of buy signals but on the other hand that's the best moment for whale to dump (best price and best volume when everyone is sure that price can go only in one direction - f.e after breaking resistance). Will he dump or not? Is support holding for so long because someone is buying at that point or maybe whale stops to sell to don't break it to don't cause panic selling?
How about Fundamental Analysis? That's where we may be even more cheated by insider trading. When news hit market price is very often pumped by whales who new before. NEWS from which you do FA may also be faked by coin team. Even team might be faked.
It means that trading is game of luck? No. That's where money management and discipline comes. Same as with poker. Key is not to lose less times. Key is to lose less money with every bad trade. To cut looses and say good bye to your money even with "quite good card". To learn to enter only those trades with high probability of winning (TA buy signals) combined with low risk (close to support where you could set stop loss). TA indicators are easy to learn in 1-5 days. Good trader is able to earn on market for a living after few years of experience because discipline and money managements takes so much time to master in trading. That's where poker comes in. You can train those skill playing poker where every bet takes minutes not hours/days. You can master those skills faster and even for free playing for unreal money.
Professional trader and poker player will say the same thing: -You lose the most when you are sure that you will win
i dont agree at all, the only real thing i can see that are the same is how you should treat the money you use, and have proper risk managment to not lose it all in one bad luck move.
Why poker? This gambling game is far from what trading is like.
Sure, there are people who consider even trading to be gambling, but poker requires is about calculating odds based on the info you slowly receive, reading your opponents and outsmarting them.
Trading is about product research, market research, timing and evaluation.
Totally different things.
Sure, there are people who consider even trading to be gambling, but poker requires is about calculating odds based on the info you slowly receive, reading your opponents and outsmarting them.
Trading is about product research, market research, timing and evaluation.
Totally different things.
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
Good crypto traders always find ways to try getting benefits from each situation inside the market, there's no bull or bear but they are always finding moving coins to invest and to have a good use of every movements.Good crypto traders can make profit from most of their trades... not sure this is the case with gambling
But in terms of gambling, again it will be a psychological interpretation whether to use this practice to achieve.
I totally agree. One huge thing that poker has taught me that translated well in trading is good bankroll management and it's ok to fold and take small losses here and there.
They're both skill games.
We can learn a lot from poker because this is a mind game just like trading so if you do poker its easy now for you to learn trading. But if you want to become a trader, you must not used your gambling experience, it is still good to learn without spending more because in poker you can lose big money so its not good for you to start like this.They're both skill games.
There are few kinds of trading: day-trading swing-trading, long-term trading, scalping.. in day-trading and scalping you have to make decision very fast - like in poker.. and you see to learn trading you have to focus on trading learning - but I would like to compare things with sport. There are quite common cases when sporstman complements their main training with additional activities (f.e
Formula one drivers are starting in WRC quite often and sometimes they are training cycling etc..) so you can train poker to improve your skills
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
Good crypto traders can make profit from most of their trades... not sure this is the case with gambling
I totally agree. One huge thing that poker has taught me that translated well in trading is good bankroll management and it's ok to fold and take small losses here and there.
They're both skill games.
We can learn a lot from poker because this is a mind game just like trading so if you do poker its easy now for you to learn trading. But if you want to become a trader, you must not used your gambling experience, it is still good to learn without spending more because in poker you can lose big money so its not good for you to start like this.They're both skill games.
I totally agree, trading and poker may have things in common but they are two different things, it is better to learn trading directly and don't fear to lose because losing can also mean an opportunity for you to make better strategies. Decision making in trading is very critical in the sense that it can make or break your investments.
I prefer to trade at immediate time because it will challenge ourself to create strategy to defeat loses. Perhaps, having experience will evade us from loses that may create good and viable strategy and it also an opportunity to become a great trader in the future. And being a professional trader had experienced failure from time and strive harder to claim the tittle.
In my opinion trading and poker are very similar. Interface is the only difference. Rules are the same.
I know that part of you will disagree with me with my very first sentence by saying that poker is game of luck and trading is based on indicators, supports, TA, FA and many more. Well you know nothing about trading and poker then
Why poker is not game based only on luck if cards you get are totally random:
Yea. Cards you get are totally random. But how to explain that we have so many professional poker players that play poker for a living? Well the only thing that they differ form those who are loosing is money management and discipline during bidding.. Bidding is the first and only moment that determines if you will lose or earn in poker. That's the hardest part that needs experience. Why?
With infinity plays you will have every possible card set. Good once, bed once. Sometimes you will lose sometimes you will earn. Key is not to lose less times. That impossible. Key is to lose less money with bed cards than you win with good cards. That's where money management and discipline comes. In poker that's especially hard because you have to say good bye to your money even with quite good card without battle if bidding is going too far and calculated probability of winning is showing you red light to bet higher. But that's the hand that makes bed player go home with 0 and good players stay and fight again.
How about trading?
In trading, you also don't know your opponents "cards". You don't know who is on market (whale are buying or bunch of fomo noobs). If whale than how much money he has left, when will he dump. TA may show various of buy signals but on the other hand that's the best moment for whale to dump (best price and best volume when everyone is sure that price can go only in one direction - f.e after breaking resistance). Will he dump or not? Is support holding for so long because someone is buying at that point or maybe whale stops to sell to don't break it to don't cause panic selling?
How about Fundamental Analysis? That's where we may be even more cheated by insider trading. When news hit market price is very often pumped by whales who new before. NEWS from which you do FA may also be faked by coin team. Even team might be faked.
It means that trading is game of luck? No. That's where money management and discipline comes. Same as with poker. Key is not to lose less times. Key is to lose less money with every bad trade. To cut looses and say good bye to your money even with "quite good card". To learn to enter only those trades with high probability of winning (TA buy signals) combined with low risk (close to support where you could set stop loss). TA indicators are easy to learn in 1-5 days. Good trader is able to earn on market for a living after few years of experience because discipline and money managements takes so much time to master in trading. That's where poker comes in. You can train those skill playing poker where every bet takes minutes not hours/days. You can master those skills faster and even for free playing for unreal money.
Professional trader and poker player will say the same thing: -You lose the most when you are sure that you will win
Yes you cant predict what will be the card you will get that it needs luck sometimes to win the game but I think the strategy will always be a must to win the game why? Because it's like this' even how beautiful the opportunity to your life is when you don't move and grab it you can't have it. Same as gambling if you have a good cad then it was your time to give the best when you have bad card then still try, use your strategy. I know that part of you will disagree with me with my very first sentence by saying that poker is game of luck and trading is based on indicators, supports, TA, FA and many more. Well you know nothing about trading and poker then
Why poker is not game based only on luck if cards you get are totally random:
Yea. Cards you get are totally random. But how to explain that we have so many professional poker players that play poker for a living? Well the only thing that they differ form those who are loosing is money management and discipline during bidding.. Bidding is the first and only moment that determines if you will lose or earn in poker. That's the hardest part that needs experience. Why?
With infinity plays you will have every possible card set. Good once, bed once. Sometimes you will lose sometimes you will earn. Key is not to lose less times. That impossible. Key is to lose less money with bed cards than you win with good cards. That's where money management and discipline comes. In poker that's especially hard because you have to say good bye to your money even with quite good card without battle if bidding is going too far and calculated probability of winning is showing you red light to bet higher. But that's the hand that makes bed player go home with 0 and good players stay and fight again.
How about trading?
In trading, you also don't know your opponents "cards". You don't know who is on market (whale are buying or bunch of fomo noobs). If whale than how much money he has left, when will he dump. TA may show various of buy signals but on the other hand that's the best moment for whale to dump (best price and best volume when everyone is sure that price can go only in one direction - f.e after breaking resistance). Will he dump or not? Is support holding for so long because someone is buying at that point or maybe whale stops to sell to don't break it to don't cause panic selling?
How about Fundamental Analysis? That's where we may be even more cheated by insider trading. When news hit market price is very often pumped by whales who new before. NEWS from which you do FA may also be faked by coin team. Even team might be faked.
It means that trading is game of luck? No. That's where money management and discipline comes. Same as with poker. Key is not to lose less times. Key is to lose less money with every bad trade. To cut looses and say good bye to your money even with "quite good card". To learn to enter only those trades with high probability of winning (TA buy signals) combined with low risk (close to support where you could set stop loss). TA indicators are easy to learn in 1-5 days. Good trader is able to earn on market for a living after few years of experience because discipline and money managements takes so much time to master in trading. That's where poker comes in. You can train those skill playing poker where every bet takes minutes not hours/days. You can master those skills faster and even for free playing for unreal money.
Professional trader and poker player will say the same thing: -You lose the most when you are sure that you will win
I totally agree. One huge thing that poker has taught me that translated well in trading is good bankroll management and it's ok to fold and take small losses here and there.
They're both skill games.
We can learn a lot from poker because this is a mind game just like trading so if you do poker its easy now for you to learn trading. But if you want to become a trader, you must not used your gambling experience, it is still good to learn without spending more because in poker you can lose big money so its not good for you to start like this.They're both skill games.
I totally agree, trading and poker may have things in common but they are two different things, it is better to learn trading directly and don't fear to lose because losing can also mean an opportunity for you to make better strategies. Decision making in trading is very critical in the sense that it can make or break your investments.
I prefer to trade at immediate time because it will challenge ourself to create strategy to defeat loses. Perhaps, having experience will evade us from loses that may create good and viable strategy and it also an opportunity to become a great trader in the future. And being a professional trader had experienced failure from time and strive harder to claim the tittle.
~Because both needs more skills, it can really improves how strategy you will use not to lose. But trading is better even if your a newbie you can trade even if your not experience gambling. It is not so necessary to play poker if you want to learn trading.
No one is saying it is necessary, but it is definitely helpful. Some people in this thread saying you can't compare the two because poker game is much faster, but I disagree with that. Some poker tournaments can last 3-4 hours and more, and such tournaments really are a good platform for improvement your money management skills. Firstly, in some cases, you can earn up to 10% in just 3 hours while trading. Secondly, you can extrapolate your behavior during a 3 hours' poker tournament to a 3 days' trading period, risking the same percentage of your balance at the respective stages.
I totally agree. One huge thing that poker has taught me that translated well in trading is good bankroll management and it's ok to fold and take small losses here and there.
They're both skill games.
We can learn a lot from poker because this is a mind game just like trading so if you do poker its easy now for you to learn trading. But if you want to become a trader, you must not used your gambling experience, it is still good to learn without spending more because in poker you can lose big money so its not good for you to start like this.They're both skill games.
I totally agree, trading and poker may have things in common but they are two different things, it is better to learn trading directly and don't fear to lose because losing can also mean an opportunity for you to make better strategies. Decision making in trading is very critical in the sense that it can make or break your investments.
I`m saying for years here, gambling and trading are pretty much the same thing. You risk, you win or lose, you do all over again. It can be fun, it can be entertaining, it can be a lot`s of things, but in the end all that`s count is profit you make or money you lose.
What ever gambling game you play, what ever trading strategy you use, with time and with learning from mistakes you will sharp your skills and start to make profit in one moment, or you will lose all of your money. Just the strongest survive.
What ever gambling game you play, what ever trading strategy you use, with time and with learning from mistakes you will sharp your skills and start to make profit in one moment, or you will lose all of your money. Just the strongest survive.
For me it’s not only poker is what similar to trading but the whole gambling itself,you have mentioned about Luck in poker?but all gambling games needs this as well,and sometimes even sports betting also needs luck as players maybe good but they don’t hold the winning until it was decided
While in trading,even how great the TA and research you’ve made,yet Luck is still in need coz we know that there are some big players here who made moves every coin they wanna pump and dunk so if you’re lucky to pick one then sure profit will be yours
Not completely because in trading the result can be guess but on gambling its completely unpredictable until the result known.On games like sport betting the results can be manipulated so we cannot always rely on the luck if we are small hand but on poker our skills plays the big role than how big our money is. While in trading,even how great the TA and research you’ve made,yet Luck is still in need coz we know that there are some big players here who made moves every coin they wanna pump and dunk so if you’re lucky to pick one then sure profit will be yours
Not necessarily have to be poker. There are even people who consider trading as gambling. The thing is even poker seem more predictable than trading - you can calculate chances. Much of trading is emotions and manipulation.
The lesson of taking small losses like folding holds true in trading though.
Definitely yes! Many people already treat trading as gambling. Some of us knows the environment of trading. And it really looks like a 50/50 percent chance of winning rate. Though, trading is more difficult than gambling, there is also a possibility to have profits in trading. Gambling only needs luck and skills in betting. Trading needs time and discipline. The lesson of taking small losses like folding holds true in trading though.
For me it’s not only poker is what similar to trading but the whole gambling itself,you have mentioned about Luck in poker?but all gambling games needs this as well,and sometimes even sports betting also needs luck as players maybe good but they don’t hold the winning until it was decided
While in trading,even how great the TA and research you’ve made,yet Luck is still in need coz we know that there are some big players here who made moves every coin they wanna pump and dunk so if you’re lucky to pick one then sure profit will be yours
While in trading,even how great the TA and research you’ve made,yet Luck is still in need coz we know that there are some big players here who made moves every coin they wanna pump and dunk so if you’re lucky to pick one then sure profit will be yours
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.
I also think so, although poker is not entirely about luck, but in my opinion poker is different from trading, in trading you cannot just prioritize or rely on luck to be profitable, you need lots of strategies and skills, and trading is not about having fun like on poker, but its okay if you want to do poker to hone trading skills, I don't know if it's related, but it's not a problem to tryWhile 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.
understanding the flow of the game will also reflect on how will you manage to work out with your skills and achieved your goals inside trading industry.
I totally agree. One huge thing that poker has taught me that translated well in trading is good bankroll management and it's ok to fold and take small losses here and there.
They're both skill games.
We can learn a lot from poker because this is a mind game just like trading so if you do poker its easy now for you to learn trading. But if you want to become a trader, you must not used your gambling experience, it is still good to learn without spending more because in poker you can lose big money so its not good for you to start like this.They're both skill games.
Nice anlaysis there. The thing that matters for your profit or loss is when you stay and when you withdraw. In that sense Poker and Trading are same.
But Poker is mostly a luck game while many things are involved in trading. Trading too is luck but not as much as poker as events, news, and technical analysis may help deciding the traders about when to pull and when to go in.
Using your skills to analyze and anticipate the next movement will give some similarities between this two venue of activities, if you can analyze wellBut Poker is mostly a luck game while many things are involved in trading. Trading too is luck but not as much as poker as events, news, and technical analysis may help deciding the traders about when to pull and when to go in.
from both industry then you can take that as an advantages, you can win over your opponents inside poker while you can also get some better position
when you are working with your tradings.
Poker is indeed required analysis but you should do it in short limited time only, it is completely different with analysis in trading. So even if you have great analysis in poker game, it does not mean that you will have the same skills to be applied on trading. Even in sports betting where you have more time to do some analysis like what you can do in trading but still both are very different activities.
How to learn trading is by learning and practicing trading itself, not by learning gambling games (poker or sports betting).
Poker play only increases your analitycal skills in poker and not outside of it.By playing poker you are limited to only this environment and you cannot apply this knowledge you gain from playing poker in other areas,there may be similarities but I don't think poker knowledge can be applied in trading as trading has many factors to count in before deciding what to do.
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