Difference Between Poker and the Stock Market

[DcifrThs]

[ QUOTE ]

I've yet to see a short-term trading system that generates a greater net profit than the costs it produces.


[/ QUOTE ]

doesn't mean that they don't exist. renaissance, DEshaw are the famous ones i know of that do this. and these are a TON of S-T trading systems combined together. each individually are almost surely expected to be net winners.

Barron

[Foghatlive]

I don't see the Poker equivalent of Margin. Sure, you can get staked, but, it's not quite the same. With Margin, the brokerage firm's money is not at risk, as they'll sell the stock long before their money starts disappearing. In addition, you can't get into trouble with margin because you can only lose your money, albeit twice as fast*.

* This wasn't true in the pre-depression days when you could borrow up to 90% of the purchase price.

[Jimbo]

[ QUOTE ]
I don't see the Poker equivalent of Margin. Sure, you can get staked, but, it's not quite the same. With Margin, the brokerage firm's money is not at risk, as they'll sell the stock long before their money starts disappearing. In addition, you can't get into trouble with margin because you can only lose your money, albeit twice as fast*.

* This wasn't true in the pre-depression days when you could borrow up to 90% of the purchase price.

[/ QUOTE ]

The equivalent is allowing the staker to hold your WSOP bracelet until you repay him. When you go busto, he sells your bracelet and beats the Hell out of you. Poker Margin should be used sparingly.

Jimbo