View Single Post
  #47  
Old 10-09-2007, 12:33 PM
skindog skindog is offline
Senior Member
 
Join Date: Aug 2007
Location: wait... what?
Posts: 304
Default Re: Difference Between Poker and the Stock Market

[ QUOTE ]
[ QUOTE ]
ok but the apptitude one needs for poker is the same apptitudes necessary to be a successful investor.

[/ QUOTE ]

Nope. Do I have to play the Warren Buffet trump card? In fact one of the successful "traders" in one of the Market Wizards books (forget which one) states he was a terrible poker player.

[ QUOTE ]
Am I really the only guy here who plays poker professionally?

[/ QUOTE ]

I don't see the relevance.

[/ QUOTE ]

Just because you can find people that are good investors and terrible poker players doesn't mean some of the skills/approaches aren't shared between both poker and investing. Others, like hand reading or stock valuation, obviously aren't shared.

For example, a large part of poker is emotional control/keeping it together during downswings. Emotional control is a huge part of trading/investing - try trading with the sheep mentality, selling whenever you hear bad news and get slightly scared - and see the types of returns you get!

I'm sure there are a lot of other examples

edit: for clarity, I don't know how to communicate
Reply With Quote