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Old 10-01-2007, 10:43 AM
APXG APXG is offline
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Join Date: Dec 2006
Posts: 484
Default Re: Difference Between Poker and the Stock Market

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Here's one that Barrons screwed up when they wrote about me and other poker players.

They suggested that investors should take a hint from poker players who realize that they should quit a game when they are losing, ignoring ego and realizing their results might indicate that they are an underdog .

But the analogy is badly flawed. Because your losses only tell you that you might have made a mistake when you SAT DOWN. In poker that usually means you should quit. But in the market it very often does not. Reason being, of course, that the "bad" buy, could have turned into a good hold, at the new lower price.

[/ QUOTE ]

David,

The table you sat down at is not necessarily the same one you are getting up from in terms of conditions. It could have also become a better value as a result of your losses.
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