Good poker players make good trader?

[Reaver]

Originally Posted by torero So can the opposite be true? A good trader becomes a good poker player?!

That's what I hope to find out for myself soon!

[Reaver]

Originally Posted by Soultrader I would have to say yes. I played professiona poker prior to trading. Probably the only reason why I changed careers was because of its similarity. One thing I learned from poker that has helped me in the trading businesss is discipline and consistency. There are two kinds of players. A cowboy and a true grinder. I was a grinder aiming for consistent profits on a daily basis. Alot of poker players will never make it as a trader though. Most of the newcomers now play for the excitement and not for the money. When I used to play 10-14 hours a day, poker was complete boredom. After a while, you design your own set of rules and system to follow by. You add a couple tricks here and there but overall the game is the same. Discipline and patience. Trading is the same. At times trading can be extremely exciting. Other times completely boring. From my understanding, Chris Ferguson, the 2000 WSOP champion is a trader also?

James,

Just to confirm, yes I remember reading that Chris Ferguson and apparently a few other WSOP bracelet winners trade with Bright Trading....not sure if they still do, but Don Bright, the owner of Bright Trading made that claim a little while back.

[dre jansen]

Originally Posted by Nextek Anyone have any opinion on this? Im not a poker player myself but the game seems fairly similar.

stop pokering around. you will lose your money. 90% does. Only the serious onces, whi study for reak, and take good moneymanagement, and stoplossed can earn something. no pokerplay at all!

[Wilson]

To my mins, they cannot be compared.
Price is either gonna go up....or it's gonna go down.

I am going to be right or wrong....not worried about who is on the other side. All the theory and degrees in the world isn't gonna change price either moving up or down. I make the most intelligent decision I can...and back it up with a few bucks. That's trading.

[zdo]

I make the most intelligent decision I can...and back it up with a few bucks. That's poker.

[liowkc]

I am a casual poker player and I think you need to be a good bluffer in order to be a good poker player. This attribute is really not necessary to be a successful trader. But of course if you can control your emotions well, you can be a good trader or poker player.

[trader273]

Originally Posted by liowkc I am a casual poker player and I think you need to be a good bluffer in order to be a good poker player. This attribute is really not necessary to be a successful trader. But of course if you can control your emotions well, you can be a good trader or poker player.

That's a strong misconception. Controlling your emotions till you are an unemotional robot, should not and is not the goal. I'd suggest you read a couple books by Brett Steenbarger. Very good info.