Play poker to train trading - page 7.

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Quote from: ethereumhunter on June 12, 2019, 01:33:15 PM

Quote from: nakamura12 on March 30, 2019, 05:23:58 AM

I do agree with the op's statement that poker is similar to trading in some ways like how strong/weak your hand is. Poker players need to learn on how to manage your money when your playing just like in trading. Both traders and poker players must have a strategy to win or not to lose lots of money.

But it still better trading than playing poker because poker is the hardest game for the most gambler and not all gamblers can play poker with good. But every people could trade with easy because they only need to buy and sell any coins and then they could try to make a profit from trading. I prefer to suggest other people to trade than to try poker because that is not easy for them to start playing poker.

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.

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Quote from: nakamura12 on March 30, 2019, 05:23:58 AM

I do agree with the op's statement that poker is similar to trading in some ways like how strong/weak your hand is. Poker players need to learn on how to manage your money when your playing just like in trading. Both traders and poker players must have a strategy to win or not to lose lots of money.

But it still better trading than playing poker because poker is the hardest game for the most gambler and not all gamblers can play poker with good. But every people could trade with easy because they only need to buy and sell any coins and then they could try to make a profit from trading. I prefer to suggest other people to trade than to try poker because that is not easy for them to start playing poker.

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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.

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Fundamental analysis doesn't work so much on cryptocurrency trading these days but I agree with you that this aspect makes trading playing poker a bit different. I read they do some poker analysis too. Wonder if that can lead to victory or not.

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Yeah Tytanowy! You are right, both in trading and poker are (although in technical details different but in principles not) almost sacred rules:
risk management and loss cutting
and in both it seems to be a hardest part to learn

bering

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Both clearly different because poker can identified as gambling but trading although the risk are equally same but trading cannot including as gambling and regarding OP statements if i think again indeed both have similarities such as required skill, knowledge, good mentally to decide further steps and this is necessary to ensure you're not lost and the most important is we can earn money from both of them

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Quote from: akram143 on April 14, 2019, 01:10:30 PM

Trading needs lots of patience and trust and their experience also play an important role in this trading field so I think Pokar is different from trading and it will teach something as to not invest much more that is the learning will come with the gambling field

Experience, self control, getting your emotions out of the way and patience. These qualities are what determines your result both in poker and in trading. So yes, i believe poker is a good way to make yourself comfortable with situations you'll find in trading and to develop traits needed to be a better trader.

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Quote from: xWolfx on April 14, 2019, 08:58:59 AM

Quote from: justdimin on March 28, 2019, 02:06:17 PM

In my opinion, it means you have the same experiences as a trader in crypto has so you could easily switch from poker to crypto. There are ups and downs in cryptocurrency and a poker player is very well versed with the ups and downs as well. So, here in place of playing against a person like in poker, you would play against the cryptocurrency 2 billion dollar industry. This is I think a good interpretation.

Not just the case of poker, there is a debate for years like when we are gambling with strategies then why not go for trading as trading is known for full of strategies and analysis. In my experience, a trader may become a successful gambler but I am not sure about the vice versa thing.

I didn't know that this debate has been going on for years now, mainly because i don't have years here sadly. But i totally and truly agree with you, a trader can become a really good poker player and not necessarily the other way around. Learning one requires a lot more attention to detail and discipline than learning the other one.

The big difference i would say is the social aspect of the game. Reading people and stuffs like that, things a trader will have to learn that are not necessarily related in a personalized level with trading. With trading it's more about the macro level of things.

You are all misunderstanding investing with trading. That's different. You are investing in fundamental when something is undervalued on market due to its fundamental value. You are prepared for long time hold.
Trading is based on short term speculation and chart analysis. It requires money management and discipline together with objective assessment of the situation. Trader will put his money into overvalued asset knowing that it has higher possibility of growing. Investor would not do that.

That's why good poker player will be good trader because skills that are the hardest to get from trading (money management, discipline, objective assessment of the situation)are easy to get in poker (faster reward/punishment for every good/bad move). You can learn TA in 1 week, that's not the factor that separates earner from looser.
Good trader will not be good poker player because skills that are useful in poker are harder to master in trading.

playboy654

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It gives. the confident for the traders to make experience like this type of way also but everything is like practical only doing that thing in real life will always giving different kind of experience especially in trading it will be more difficult to stay alert in every time on time management is more important in creating field

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Trading needs lots of patience and trust and their experience also play an important role in this trading field so I think Pokar is different from trading and it will teach something as to not invest much more that is the learning will come with the gambling field

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Probably you are right but creating needs Intelligence and time management then only it will be successful but in gambling it will not be necessary much more than trading that's why trading and gambling is different in every situation.

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Quote from: nakamura12 on March 30, 2019, 05:23:58 AM

I do agree with the op's statement that poker is similar to trading in some ways like how strong/weak your hand is. Poker players need to learn on how to manage your money when your playing just like in trading. Both traders and poker players must have a strategy to win or not to lose lots of money.

Apart from the points mentioned by you , nothing is similar between poker and trading. You don't find chart, analysis, candle sticks, trading views etc which help to do perfect trades. Only one thing is common in both trading and poker and that is how to manage your portfolio and money.

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Trading is based on Technical analysis but can also be based on fundamental analysts, some of the biggest and most successful traders out there are usually fundamental analysts like warren buffett which is certainly the most famous one. He bases his investments in fundamental analysis and it is certainly working for him. So I would have to disagree with you.

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Quote from: justdimin on March 28, 2019, 02:06:17 PM

In my opinion, it means you have the same experiences as a trader in crypto has so you could easily switch from poker to crypto. There are ups and downs in cryptocurrency and a poker player is very well versed with the ups and downs as well. So, here in place of playing against a person like in poker, you would play against the cryptocurrency 2 billion dollar industry. This is I think a good interpretation.

Not just the case of poker, there is a debate for years like when we are gambling with strategies then why not go for trading as trading is known for full of strategies and analysis. In my experience, a trader may become a successful gambler but I am not sure about the vice versa thing.

I didn't know that this debate has been going on for years now, mainly because i don't have years here sadly. But i totally and truly agree with you, a trader can become a really good poker player and not necessarily the other way around. Learning one requires a lot more attention to detail and discipline than learning the other one.

The big difference i would say is the social aspect of the game. Reading people and stuffs like that, things a trader will have to learn that are not necessarily related in a personalized level with trading. With trading it's more about the macro level of things.

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Yes trading may also be the game of luck depending on how good your senses are and how accurate your references may be that could definitely be the basis on how the market will move. There are good crypto news resources and this could help one in trading. So, trading is more easier compared to playing poker. Playing poker is all about self instinct without news that could help you on you make your decision. But, sometimes you can take advantage on poker by doing some weird stuff or calling huge amount of money so that they will feel intimidated with your cards.

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Quote from: creeps on March 25, 2019, 06:18:14 PM

Quote from: omonuyak on March 25, 2019, 02:07:06 PM

Quote from: Ellen Adarna on March 25, 2019, 08:31:48 AM

I think playing poker will not help you to train trade because trading and gambling is different.

Trading and gambling has some similarities and by been able to do one we can do other. A gambler has a risk mind and it is that mind that will enable you to succeed in trading. Remember that many traders are afraid of losing money and it is an experience in gambling that will enable you to see trading as something worthwhile.

Yes, gambling can give you the confidence on every decision that you will make especially in poker. It can help you in trading but i don’t see any big impact to you not unless you are so focus to learn everything. Reading books and listening online can still give you the best knowledge that you will need. Trading is a fight between you and your emotion, that’s the risk.

Yes, both of these areas have their own uncertain nature and are not very easy to be comprehended but do not you think that there are certain similarities in between trading and gambling like you play against an opponent in both games. In case of trading crypto, it is against the industry and in case of gambling; it might be another individual or the house.

Again, experience helps you out in both the arenas and you take risk in both areas. So, looks like if you are capable with one, you should not have a problem with the other.

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I do agree with the op's statement that poker is similar to trading in some ways like how strong/weak your hand is. Poker players need to learn on how to manage your money when your playing just like in trading. Both traders and poker players must have a strategy to win or not to lose lots of money.

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Quote from: justdimin on March 28, 2019, 02:06:17 PM

In my opinion, it means you have the same experiences as a trader in crypto has so you could easily switch from poker to crypto. There are ups and downs in cryptocurrency and a poker player is very well versed with the ups and downs as well. So, here in place of playing against a person like in poker, you would play against the cryptocurrency 2 billion dollar industry. This is I think a good interpretation.

Not just the case of poker, there is a debate for years like when we are gambling with strategies then why not go for trading as trading is known for full of strategies and analysis. In my experience, a trader may become a successful gambler but I am not sure about the vice versa thing.

It's not about every gamble game. Every game with house edge where you fight against casino i based only on luck. Every strategy will only decrease your probability of winning. There are only a few games that develops skills useful in trading. One of them is Poker.

Successful poker player with developed money management and discipline will be excellent trader. Successful trader might not be excellent poker player because money management and discipline is not developing that fast in trading (average poker player is better in those than traders). That's why i posted in OP that it is good to train those skills playing poker to learn them faster than during trading.

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Quote from: BeGoods on March 25, 2019, 01:30:38 AM

Quote from: rodel caling on March 24, 2019, 06:20:40 PM

The poker and trading also same have risk especially today the movement of price value in the coin market cap is very volatile while buying altcoin for trading. Playing poker the risk is if the player not setting up greed control possible to lose huge mone.

I think there is no lesson that you can take in poker for trading besides knowing that both have a high risk too. what are the important lessons of poker that you can implement in trading? both are different you know, strategies, which determine of win, its different.

In my opinion, it means you have the same experiences as a trader in crypto has so you could easily switch from poker to crypto. There are ups and downs in cryptocurrency and a poker player is very well versed with the ups and downs as well. So, here in place of playing against a person like in poker, you would play against the cryptocurrency 2 billion dollar industry. This is I think a good interpretation.

Not just the case of poker, there is a debate for years like when we are gambling with strategies then why not go for trading as trading is known for full of strategies and analysis. In my experience, a trader may become a successful gambler but I am not sure about the vice versa thing.

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I think you are right likening poker to trading and give good ground of it. Both poker and trading are very risky activities, not everyone agrees to take it. I have never played on real money nor traded because I can’t accept losses like something normal. I am a crypto enthusiast who believe that it will change our world, a gamer, and currently learning Javascript frameworks https://habr.com/en/post/440992/. Today developing apps is more profitable than risky.

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