[Follow The Trend]

Playing Poker and Trading Stocks requires a similar kind of mentatility, and the ability to hold your nerve in difficult situations.

A good Poker player could easily become a good Trader, if they have an interest in the markets, as the skills are transferable. If you think about it, Poker players play Poker because they are attracted by the game, this is still the same with the Stockmarket and Traders.

[torero]

So can the opposite be true? A good trader becomes a good poker player?!

[Soultrader]

Interesting question... I think a good trader can be a poker player good enough to be able to live of it. As some may know, I am a former poker player turned trader. Alot of similarities in the game. The way you trade Torereo (2-3 trades a day) Im sure you will no problem raking money from the poker tables.

[protrader]

Thought you may like this article.
Bright Trading - Welcome to Professional Stocktrading

[feb2865]

Originally Posted by protrader »

Thought you may like this article.
Bright Trading - Welcome to Professional Stocktrading

excellent article!!!!!!

[torero]

I've never played much poker, but there is a social poker club I've been thinking of joining. I may learn a thing or two that might enhance my trading? But card reading can't be transfered to trading?!

[torero]

Excellent article! I have a few questions about the tactics.


5 Varying your bets. One of the most powerful tools in any game is the ability to change your bet when you have an edge. This is true for blackjack, poker, and trading. You don’t start a new strategy with 5,000 shares; you work up to bigger trade size.


I understand this might very important in poker. I haven't really used this method as I've backtested with the same size. Although there are tools out there, position-sizing skews statistics on probability of your strategy because it doesn't determine when your strategy is at its trading best. Only after a while do you know in what condition and situation your strategy is best can you size it up.

6 Betting for information. In poker, a small bet is sometimes used to gain information about your opponent’s hand. In trading, you may use a small trade to gain information about the presence of buyers or sellers. With both games, using that information is key to your eventual success.

I've actually heard some traders do this, putting a small position to determine if there is bid or ask out there to see where the buyers and sellers are. I don't use this myself since charts with volume already showed where they are likely to be at (ie. S/R).

2 Number of outs. The more ways you have to make a hand, the greater your probability of successes. In trading, the more ways you have to hedge a trade, the more outs you have, and the greater your chances of success.

I'm not sure about #2. I don't understand what this mean. Anyone can explain this point?

Any input on this or any other points from this article. It's a fascinating article.

[Soultrader]

Yea I asked Don if I could publish that article a while back but told me TASC had full rights to it. Good article though.