Similarities between poker and trading

by **Ferru123** » Fri Jan 21, 2011 1:31 am

http://www.youtube.com/watch?v=qcPD9AmV ... r_embedded

by **Totty2457** » Fri Jan 21, 2011 2:11 pm

Betfair have inefficient customer services in both?

by **Totty2457** » Fri Jan 21, 2011 2:11 pm

Betfair have inefficient customer services in both?

by **freddy** » Fri Jan 21, 2011 2:22 pm

Everything in life is like trading when you think about it, or maybe im a just a bit obsessed

it's all a gamble but with a traders mindset you will at least in theory spend more time evaluating a situation first before jumping in.

by **enzabella2009** » Fri Jan 21, 2011 2:32 pm

are they both rigged?

by **Ferru123** » Fri Jan 21, 2011 8:18 pm

Hi Freddy

I agree there are similarities in terms of the psychological qualities required to succeed in both - things like being disciplined and focused, especially when things go against you.

BTW, I'd recommend Mark Douglas's Trading In The Zone, if you haven't read it.

Jeff

freddy wrote:Everything in life is like trading when you think about it, or maybe im a just a bit obsessed

it's all a gamble but with a traders mindset you will at least in theory spend more time evaluating a situation first before jumping in.

by **Ferru123** » Fri Jan 21, 2011 8:24 pm

They are only rigged in the sense that you are up against players who want to take your money from you!

On a serious point, I know some people think that big traders can manipulate the market at will. I'm sure it goes on, but I doubt many people can control it for more than a moment. You might get one big trader who wants to push the market one way. But if you have other traders who want the market to carry on its current course, presumably the price will bounce back quickly. What do you guys think?

Jeff

enzabella2009 wrote:are they both rigged?

by **Ferru123** » Sat Apr 16, 2011 5:46 pm

Here's another video about poker and wider gambling-related issues:

http://www.youtube.com/watch?v=RkURIgfo ... ded#at=159

Jeff

by **Zapata** » Sat Apr 16, 2011 6:13 pm

Wonder if the subscribers to these USA poker sites will ever see their funds again?

http://www.dailymail.co.uk/news/article ... bling.html

by **rubysglory** » Mon Apr 18, 2011 9:35 am

I found it interesting that the first video presenter (Jeff's original post)found belief that the best Traders and Players lose on average more hands (trades)than they win, yet are the biggest winners overall.

rg

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