Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

dasziel

Is Poker and Trading the Same Thing?

Recommended Posts

Seeing this spot, it seems industry comes over the poker and trading comparasion.

 

https://www.youtube.com/watch?v=lN8UaN6PPBk

 

For me the differences are:

 

1.Trading tournaments treated as poker games are completely skill games without luck as all participants get the same cards ( quotes) .

2. Patient, discipline and risk/reward analysis in real time are shared in both discipline.

 

To be honest, maybe it can be interesting to challenge people instead of challenge the market.

 

¿Opinions?

Share this post


Link to post
Share on other sites
...To be honest, maybe it can be interesting to challenge people instead of challenge the market.

 

¿Opinions?

 

...the market is people.

 

Plus… http://www.traderslaboratory.com/forums/trading-psychology/10549-they-don-t-schedule-championships-trading.html

 

If you need to “challenge people”, why not join in face to face gaming at the tables – poker, etc.

If you’re serious about trading, such a ‘tournament’ might be appropriate during certain developmental stages, but most would be advised to avoid them… sorta like most would be advised to avoid spread betting, buying premium, etc. etc. . … that is – if you’re serious about trading…

Share this post


Link to post
Share on other sites

Hi,

You are right, but I like to make some considerations.

From my point of view its not the same spread betting, where yor EV is below zero, as you bet againts the house, that trading tournaments, where house only collects a rake for management. EV depends on players in each tournament.

 

I think you can be seriously with trading and play trading tournament to win money in the same way, sorry i dont see the difference.

 

If you manage a hedge fund, then its different, but in the case of rtail traders....for me its clear.

 

A Trader can swap between real trading and trading tournaments.

 

One thing is clear. In a development stage tournament are more powerful than a demo with 50 dollar running in MT4.

Share this post


Link to post
Share on other sites
Seeing this spot, it seems industry comes over the poker and trading comparasion.

 

https://www.youtube.com/watch?v=lN8UaN6PPBk

 

For me the differences are:

 

1.Trading tournaments treated as poker games are completely skill games without luck as all participants get the same cards ( quotes) .

2. Patient, discipline and risk/reward analysis in real time are shared in both discipline.

 

To be honest, maybe it can be interesting to challenge people instead of challenge the market.

 

¿Opinions?

I think poker games also needs luck.

Since patient, discipline and risk/reward analysis in real time are shared in both discipline, why do you say it's a difference?

Share this post


Link to post
Share on other sites

IS Poker and Trading the Same Thing?

 

Actually no. One is a card game, the other involves financial markets.

Hope that clears everything up for everyone.

I did make the assumption you were talking about trading as in buying and selling financial on listed commodity, stock and futures exchanges.

You may in fact have been talking about trading cards of some kind?

 

:cool:

Share this post


Link to post
Share on other sites

Poker and trading are very similar in that they are both zero (negative) sum games. Negative since there is either a commission or a rake to pay on each trade or hand.

 

It is easier to assume that a poker game played at a casino is a fair game, but not as easy to assume that trading is as fair as it should be.

 

The payment process is the same in both. The weak or unlucky players pay the strong or good players. In either venue a lucky and poor participant could take money from a good and unlucky participant. Foolishly, people claim that they would rather be lucky than good, but everyone gets their moment when the sun shines only on them but not everyone can be good.

 

I would rather be good than lucky

Share this post


Link to post
Share on other sites

I'd rather be lucky than good any day of the week.

That has to be one of the easiest choices in human history.

And to disagree, means a person has incredibly poor insight and judgement.

 

The lucky win lotto at 18. :cool:

 

The skilled are still sitting at their desk at 50, trying to generate an income and accumulate enough savings to one day 'retire'. :doh:

 

The lucky wins lotto again in their 30's.

 

Yep, only a fool would wish to be skillful more than lucky. :rofl:

Share this post


Link to post
Share on other sites
I'd rather be lucky than good any day of the week.

That has to be one of the easiest choices in human history.

And to disagree, means a person has incredibly poor insight and judgement.

 

The lucky win lotto at 18. :cool:

 

The skilled are still sitting at their desk at 50, trying to generate an income and accumulate enough savings to one day 'retire'. :doh:

 

The lucky wins lotto again in their 30's.

 

Yep, only a fool would wish to be skillful more than lucky. :rofl:

 

If hoping you win lotto is how you plan on retiring before or after 50, then you best hope at the same time that the food stamp program continues. Lotto is a fool's game and attracts fools. It is you and those who think like you who benefit most form collectivism.

 

Good luck with your dollar and your dream. I suppose you'll stick it to me when you win.

Share this post


Link to post
Share on other sites
I'd rather be lucky than good any day of the week.

That has to be one of the easiest choices in human history.

And to disagree, means a person has incredibly poor insight and judgement.

 

The lucky win lotto at 18. :cool:

 

The skilled are still sitting at their desk at 50, trying to generate an income and accumulate enough savings to one day 'retire'. :doh:

 

The lucky wins lotto again in their 30's.

 

Yep, only a fool would wish to be skillful more than lucky. :rofl:

 

re: "The skilled are still sitting at their desk at 50, trying to generate an income and accumulate enough savings to one day 'retire'."

:helloooo: In here, we're talking here about skilled performance workers - not skilled production, persuasion, or service workers

doubling down on that :doh:

 

 

 

 

 

 

....

 

 

 

 

 

 

At any “right now” – I’d rather be ‘lucky’ than ‘good’.

But across time, I’d rather be ‘good’ than ‘lucky’

cause if you ain’t ‘good’, you have little chance of properly utilizing what ‘lucky’ brought you… which will keep you in the basically the same boat as the ‘unluckies and bads’

 

… the best ‘plan’ is to go for ‘good’ AND ‘lucky’ :)

Share this post


Link to post
Share on other sites

I've heard the phrase..."he ran out of luck". You never run out of "good"... good is enduring... it's there through all seasons. Work at good, and be willing to admit that sometimes you were lucky. Ben Hogan said... "the harder I work; the luckier I get. True dat.

Share this post


Link to post
Share on other sites

Would you rather be a casino or a Blackjack player?

 

The casino has an edge; it is good at what it does. The blackjack player has no edge and can only rely on luck.

 

There aren't may long run black blackjack winners. If there are, they probably stopped playing.

Share this post


Link to post
Share on other sites
Poker and trading are very similar in that they are both zero (negative) sum games. Negative since there is either a commission or a rake to pay on each trade or hand.

 

It is easier to assume that a poker game played at a casino is a fair game, but not as easy to assume that trading is as fair as it should be.

 

The payment process is the same in both. The weak or unlucky players pay the strong or good players. In either venue a lucky and poor participant could take money from a good and unlucky participant. Foolishly, people claim that they would rather be lucky than good, but everyone gets their moment when the sun shines only on them but not everyone can be good.

 

I would rather be good than lucky

 

Agree.

 

Markets are like poker but with different cards for retails and institutional. If you cannot beat people in a trading tournament wiht same rules, slippages, leverage, etc.... its impossible you beat the market by your own....its a dream.

 

Personally, I think trading tournaments played like poker in terms of competion, prize pool, etc.. if they are run in a professional way, it can be a good tool to start, or generate incomes for traders with small accounts ( less 10,000).

 

For example, traderlinker is starting to run this model, and English spoken people is not there, spanish are playing already.

Take a look to leaderboard, its amazing!

 

(Yes, im the 6th:))

 

https://en.traderlinker.com/portadas/lideres

 

Regards,

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • In Italy, I saw many of our brothers from different parts of Africa, sleeping and living in the park, the weather was very cold and its obvious that they were looked down upon. It made me want to cry and several questions overwhelmed my heart.   Is it not better to remain in Africa than to be homeless in this freezing cold weather?   I wish I have all the money in the world to rescue them...   Is this the reason why our skin color is looked down upon?   Do our government officials see this sight when they also travel outside of the country...does it hurt them or pain them like it pained me? By Frank Abah, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • ELV Elevance Health stock, watch for an upside gap breakout at https://stockconsultant.com/?ELV
    • ORLY OReilly Automotive stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?ORLY
    • Date: 28th March 2025.   Market Selloff Deepens as Tariff Concerns Weigh on Investors     Global stock markets extended their losing streak for a third day as concerns over looming US tariffs and an escalating trade war dampened investor sentiment. The flight to safety saw gold prices surge to a record high, underscoring growing risk aversion. Stock Selloff Intensifies The MSCI World Index recorded its longest losing streak in a month, while Asian equities saw their sharpest decline since late February. US and European stock futures also signalled potential weakness, while cryptocurrency markets retreated and bond yields edged lower. Investors are scaling back their exposure ahead of President Donald Trump’s expected announcement of ‘reciprocal tariffs’ on April 2. His latest move to impose a 25% levy on all foreign-made automobiles has sparked fresh concerns over inflation and economic growth, prompting traders to reassess their strategies. Investor Strategies Shift Market experts are adjusting their portfolios in anticipation of heightened volatility. ‘It’s impossible to predict Trump’s next move,’ said Xin-Yao Ng of Aberdeen Investments. ‘Our focus is on companies that are less vulnerable to tariff policies while taking advantage of market dips to find value opportunities.’ Yield Curve Signals Economic Concerns In the bond market, the spread between 30-year and 5-year US Treasury yields widened to its highest level since early 2022. Investors are bracing for potential Federal Reserve rate cuts if economic growth slows further. Long-term Treasury yields hit a one-month peak as inflation risks tied to tariffs spurred demand for higher-yielding assets. Boston Fed President Susan Collins noted that while tariffs may contribute to short-term price increases, their long-term effects remain uncertain. Gold Hits Record High as Safe-Haven Demand Rises Amid market turbulence, gold prices soared 0.7% on Friday, reaching an all-time high of $3,077.60 per ounce. Major banks have raised their price targets for the precious metal, with Goldman Sachs now forecasting gold to hit $3,300 per ounce by year-end. Looking Ahead As investors digest economic data showing US growth acceleration in Q4, attention will turn to Friday’s release of the personal consumption expenditures (PCE) price index—the Federal Reserve’s preferred inflation measure. This data will be critical in shaping expectations for future Fed policy moves. With markets on edge and trade tensions escalating, investors will closely monitor upcoming developments, particularly Trump’s tariff announcement next week, which could further dictate market direction.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Crypto hype is everywhere since it also making new riches as well, i however trade crypto little as compared to other forex trading pairs.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.