This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
Mr White, I think John has a good point. I would also like to add as an ex-pro poker player from vegas that I wouldnt give up trading for poker for anything. Why? Because when you finally become good enough at trading, you can go “all in” and get called all the time!!!!! Wouldnt Doyle Brunson love that! Also, in poker, you know what your max win is in 90% of situations WHICH MAKES IT EASIER to lay down a hand. But in trading, its always a fantasy that you are going to be short near the top of the day or long at the bottom. Also in poker you know the player on the other side of the bet. In trading come to think of it, wouldnt it be nice if as in poker if we could see ther faces of the guys on the opposite sides of our trade! Bet you could make a huge living just fading the weak traders, period. Its nice to dream.
As an aside, all poker players think they are better than they really are. In trading, reality comes home to roost much quicker, dont yuh think, mr. white?
Marc V
This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
January 29th, 2008 at 4:53 pm
dont listen to him, i play semi-professionally and i’ve played with him before. he’s terrible at poker, just terrible. certainly a loser in any of the online games.
January 29th, 2008 at 5:05 pm
ted: i don’t know the first thing about poker, so i’ll take your word for it…i just found it interesting that he can fold a losing hand, but can’t take a stop
January 29th, 2008 at 5:43 pm
ironically most of the folds that he thinks are good folds are either very easy folds or folds that he should not be making, spots where he should be calling
if you are reading this boogster, i challenge you man HU4ROLLZ
January 29th, 2008 at 6:10 pm
Hey Ted, let’s go heads up on UB???
January 30th, 2008 at 12:33 am
Boogster is pretty terrible at both poker and trading. Some people are driven by emotion, thus are handicapped in these games.
January 30th, 2008 at 6:25 pm
Also, in poker, you get a new hand as soon as you fold the old one. In trading, one must mull over every decision. The distinction should be pretty fucking obvious.
February 1st, 2008 at 12:45 am
I have a poker and futures trading account, and there are many similarities. Tournaments are hard, and even your “good” hand gets beat by a flush (read: the other guy sucks out). anyhow, even a good trade can get whipped in your face. you get emotional in both, but it seems as though you have more information with poker. no way pivots, fibs, wave, MA’s work every day with trading, but in poker if you get AA or KK or even QQ you will most likely go all-in pre-flop or bet consistently with more consistency than selling daily R2 after a non-farm report. bottom line: i think dumber people play poker more often. maybe there is a “wall street” of poker and i’m sure there are hundreds of really bright guys, but i have found on average poker players are dumber and easier to beat. maybe i’m just better at poker or maybe it’s because $1000 gets you into a decent poker room and you need $25k to do that for trading.