[kimchi]

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Don't bother day trading. You'll get a better return for your money at the casino - and at least they sometimes give you free drinks.

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I find it hard to believe that people on a poker forum can be this closed minded, when the game that we play is the game that everyone else says, "don't, you'll lose your money." It's my understanding that a very small % of poker players win, and that number is very similar to the number of traders that make money.

Trading is something I've been interested in at least finding out about, to see if I have an interest in it. I've seen a lot of these replies on the forums saying how "everyone loses, you'll go broke." That's what everyone told a lot of us when we started playing poker. If there's anyone besides the haterz out there, who know a good deal about making money trading, or know of people who make a lot trading I'd be interested in at least learning about it as well if anyone has info.

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Trading can be profitable, but this guy is a beginner. I doubt he knows much about mutual funds/bonds/longer term trading.

Why would you suggest he skips the profitable (and beatable) low-stakes games and ploughs straight into the high-stakes where he will be against the pros.

If he wants to try trading, then I would suggest longer term trading starting with stocks. If he can beat that, then he can start increasing his opportunity advantage (assuming he has an edge) by decreasing his timeframe for trading.

For even the pros, a live quote screen is just an international one-arm bandit which they pump money into to relieve the boredom of longer-term trading (which is quite boring - like grinding the low-limits).

I stand by my initial recommendation to avoid playing the day-trading game for the OP. It's not closed-minded, it's sensible advice. I would have elaborated on my post, but I didn't feel it was necessary.

Did you start you poker career playing $2000NL? Or were you too open minded not to? Poker, like trading, can be very profitable. But you need to start sensibly. Beginning with day-trading in not sensible.