Topic: Play poker to train trading - page 6. (Read 1917 times)

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.

I don't agree -now margin trading become  more and more popular - and you can lose all of your money in one moment there

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.

You lose the most when you are sure that you will win

We have that two options mate either we go for trading or keep playing with poker. I don't what it makes poker a way to learn to gamble. They are in different ways, we can be better in trading which might be a struggle for us in poker. Actually, it's hard to make it perfect both at the same time as we need which one we have to prioritize cause trading isn't an easy task. Thus, we need to choose one among the two.

But the chance to lose money will be bigger in the poker games than in the trading. I can say that because if we are lost in the trading, as long as we don't sell the coin, we are not really losing because the coin can increase in anytime so we can get the profit. But if in the poker game, once we are lost, we will lose all of the money and we are difficult to recover the losses.

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.

Professional poker players usually don't celebrate victory until the river and they don't admit defeat prematurely, before the final card is played.

Professional trader and poker player will say the same thing: -You lose the most when you are sure that you will win

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.

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.

Using your skills to analyze and anticipate the next movement will give some similarities between this two venue of activities, if you can analyze well
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.

I oppose you. They are very different, you could not compare the poker game into trading, handling coins in trading is not just like reading cards with the opponent in poker. In short, they are not similar. Just having a focus on playing poker if this is your passion or even in trading, you can stick one of them and start making strong analysis and study the best move on. But comparing them because you've thought that they are the same, then, you are in wrong beliefs.

This is very true. For me too they are the same, the same risky and the same hard. It really takes a lot of courage to play since we are all experienced losing there. For me, strategy in everything you do or in every aspect of your life will get you to your success.

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

You should ask any expert or maybe do your win research and you will know that they are both very different. You can even do your research with Google and you will see that there is a difference and there is more to trading than there is to poker game.

You can even do your research with Google and you will see that there is a difference and there is more to trading than there is to poker game.

Using your skills to analyze and anticipate the next movement will give some similarities between this two venue of activities, if you can analyze well
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.

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.

Poker is for entertainment
Trading is for investment

Period.

I don't know why people need to choose up and even compare yet we know on whats the purpose between these things.

We have that two options mate either we go for trading or keep playing with poker. I don't what it makes poker a way to learn to gamble. They are in different ways, we can be better in trading which might be a struggle for us in poker. Actually, it's hard to make it perfect both at the same time as we need which one we have to prioritize cause trading isn't an easy task. Thus, we need to choose one among the two.