Poker vs Trading -
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thread: Poker vs Trading

  1. #11
    Poor souls. I believe trading is easier, far more profitable, and far less time consuming.
    I wish I could say the same. I will get there together with trading one day.

    Interestingly in the event that you spend time on poker forums you may hear 1 item over and over again. 95 percent of gamers are winners. Sometimes I actually forget if I am online forum or TwoPlusTwo.

  2. #12
    Thank You to This clarifiion. If I understand properly, egy pertaining and the mechanics sizes of blinds, to staying chipstacks, etc are peculiar to Poker. And it's unlikely that a trader would come across a setup where the RR is so favorable he should upsize his wager .

    Of course I realize that I am being pedantic in the extreme, and that nobody is suggesting that the analogy is ideal on each count.
    The bolded parts are the most important facets of tournament poker. The cards are somewhat secondary. I'd go so far as to say without ever bluffing low level tornaments could be won by you.

    Cash games are different as you may be playing against the same opponent repeatedly. In that event the demand for deception, range balacing and the like come into play.
    In fact the way to profit from money games would be to hunt poor opponents. (Sad but true). Holdem and pokertracker manager are software suites that allow you to database hands from the competitors. Employing this exhibit metrics and to maintain notes lets you know what your up against until you sit down. As soon as you've played for a while just one action might permit you to label a participant what flavour of poor requires more study.

  3. #13
    Senior Member Tataylo's Avatar
    435
    The bolded parts are the most essential facets of tournament poker....
    Interesting - thanks for the information.

  4. #14
    Junior Member oxndelstta's Avatar
    1
    Chip Reese, before his death a few years ago, was widely recognized as the best player. He had been acknowledged for decades. He wasn't a big tournament player, but he played in the majority of main occasions, for many of these years that the field were much bigger than they are. He won.
    Not true. Amongst others, Chip Reese won the $50,000 H.O.R.S.E event at the 2006 World Series of Poker taking home the $1,716,000 first decoration and according to one database, his total live tournament winnings surpassed $3,500,000.

    Cheers.

  5. #15
    Info on http://http://pokerdb.thehendonmob.c...r.php?a=rn=200, for your viewing enjoyment.

  6. #16
    Junior Member gerardrm's Avatar
    1
    Not true. Amongst the others, Chip Reese won the $50,000 H.O.R.S.E event in the 2006 World Series of Poker taking home the 1,716,000 first decoration and according to one database, his total live tournament winnings exceeded $3,500,000.
    I said that Chip Reese never won the main event. That's true, he did. It doesn't surprise he won tournaments. It isn't the event, although the HORSE tournament may be gaining in stature.

    ---------------

    I've heard that achievable win rates have halved over the past five or so years in several games, the currency market is becoming very efficient.
    This has a lot to do with the top quality of education now available.

  7. #17
    Junior Member Glaucok77's Avatar
    1
    I find poker and trading to be much the same. In its a gamble, risk or opportunity; although the charts and graphs aid. Since Kenny would say know when to holdum / foldum (near, get out). Although I tend to get bored after some time playing cards. If you will, trading on the other hand keeps me on my toes or edge of the chair. . Either way good luck on the market!

  8. #18
    Junior Member Clarwitter's Avatar
    6
    I havent played much for a few weeks, but I mainly play limit holdem cash games (retro I understand ).

    I play a couple sit n gos today and again. I would advise that you play with 45 or 90 guy tournaments though. Due to the poularity of single table games, there are lots of players that are good and it has become a very efficient market.
    You would be hard pressed to accomplish ROI over 10 percent in all but the lowest stakes games. The 45 individual games are a lot milder, as the payout arrangements are very top heavy and many players fail to generate any adjustments to this. Inevitably you...
    I find you do restrict games, that's a lot of patience guy. I have looked at those 45 player tourneys previously, the main issue is that the time commnt, I'd a amateurish egy for enjoying such tourneys (NLH), that is to get a big stack early or get busted early while adhering to fundamental strong play as far as possible, this way I could save my time grinding it up to the last table and proceed quickly. There is no ROI to talk about suffice to say I never had to deposit more money. So I guess I have something somewhere along the way. Due to time constrains I play online.

    Regarding PLO, I tohught PLO has lesser variance? I should study these games more. What type of MM would you use? I understand you can go than NLH at which you have a opportunity to win with a feeble hand.

  9. #19
    Junior Member Clarwitter's Avatar
    6
    I'm not knowledgeable enough about Poker to disagree with anything that's being said here, but I think that the Trading/Poker analogy is flawed on at least two counts:

    1. I've watched Poker players move all in on tournaments on TV. When if a forex trader move all in? (and that I believed Kelly MM was competitive, LOL).

    2. Poker players overbet a hands. But where is your trading analogy? How can a tiny retail trader bluff the market (or perhaps his br0ker)?

    IMO the sport approach and MM of a 1980s...
    I agree that the BJ analogy is closer to trading. At least technically. From the little that I understand about both of these with respect to trading.

    1. A rule based trader or system based trader would locate BJ appealing. It's a statistics thing.

    2. A term trader, especially one who uses economic prediction would find poker appealing given that both conditions can change and the capacity or lack of to adapt are very similar.

  10. #20
    Junior Member QuimFokt's Avatar
    16
    1. A rule established trader or system established trader would find BJ attractive. It is a statistics thing.
    It's all probability and statistics. Card counting is the least such as trading, since all information can be known. In one of these tasks, we are currently utilizing systems. One developed in our mind, although it may not be a system with a couple of rules. The distinction between a discretionary trader along with a trader, is that a trader has a handful of known rules, while the optional trader does it , and I imagine complexity.

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