Bitcoin Forum

money management and discipline during bidding

Professional trader and poker player will say the same thing: -You loose the most when you are sure that you will win

I think it's not just in poker, but it's also in other gambling games. We need to have money management and discipline, so we know the time to get out of the games and saves the rest of the money.

I agree with this because if we do not realize how much we can make from trading and poker and we still want to make a bigger profit, then gets ready to get a loss because of we can miss the right time to get those profit.

trading is a lot like gambling and the only difference is trading has better publicity compared to gambling.

While gambling is considered bad by most of the community trading is considered neutral.

Who says gambling is bad ?  They are wrong . they only think its bad because they cant win on it .gambling also gains a bad reputation because others are doing illegal form of gambling  .

I think OP was right they have similarity the poker and the trading and probably also all feature gambling too, but I guess the more worst risk is gambling though it is not too much need TA when you are playing, unlike trading you need to have dip research.

Poker uses a combination of luck and skill. It is not entirely based on luck for sure otherwise professional players wouldn't have made a living out of it. At the same time, it is not entirely based on skill otherwise newbies wouldn't have joined this game.

Trading is also similar because the outcome is also uncertain here. It requires similar combination but probably in different ratio. So I would agree with OP here!

I don't find trading same as poker. From my understanding gambling and trading were almost the same. In both form of earning we try our best to spend and get back good return. Here, our predictions need to get coincide with the reality. The coincidence can happen through luck or through the skills and strategies developed in correspondence to the trade as well with the event.

I don't find trading same as poker. From my understanding gambling and trading were almost the same. In both form of earning we try our best to spend and get back good return. Here, our predictions need to get coincide with the reality. The coincidence can happen through luck or through the skills and strategies developed in correspondence to the trade as well with the event.

I think Gambling has a more publicity because it is more easier than trading and all people in all ages do already know what it is .  all people have already played gambling while not trading because trading is difficult and requires more capital  and knowledge  .


Who says gambling is bad ?  They are wrong . they only think its bad because they cant win on it .gambling also gains a bad reputation because others are doing illegal form of gambling  .

It is a good idea to play poker to improve your skills.I think that trading is a lot like gambling and the only difference is trading has better publicity compared to gambling.

While gambling is considered bad by most of the community trading is considered neutral.However you should be careful as both in gambling or trading you risk to become addicted.

Poker and Trading are similar in terms of high risk like there's no assurance if you can really earn then OP both also are not similar in some terms like for me poker is base on your luck and strategy then trading is base on your strategy like with buy then sell and in the potential where you invest like that will grow still both are unpreditable like you have chance that's why we try this

I also did not think poker and trading are the same because I have been trading for long and I have been following the poker events and following how people are luck to win.  Trading is base on the analysis and poker is purely on luck.

Poker and Trading are similar in terms of high risk like there's no assurance if you can really earn then OP both also are not similar in some terms like for me poker is base on your luck and strategy then trading is base on your strategy like with buy then sell and in the potential where you invest like that will grow still both are unpreditable like you have chance that's why we try this

The thing about poker is, you make a buy in and you want to win, or you expect to lose it all. So it's a competition, you pay to enter and you beat others. There is some element of skill, a lot of luck.

Trading, there is definitely element of luck but no one should be going to trade and thinking,,, I will win 10x or lose it all. No, they have targets, 10% a month, or 10% a quarter.

So no, never say you learn to trade from poker.

I totally agree.  One huge thing that poker has taught me that translated well in trading is good bankroll management and it's ok to fold and take small losses here and there.

They're both skill games.

In my opinion trading and poker are very similar. Interface is the only difference. Rules are the same.
I know that part of you will disagree with me with my very first sentence by saying that poker is game of luck and trading is based on indicators, supports, TA, FA and many more. Well you know nothing about trading and poker then :)

Why poker is not game based only on luck if cards you get are totally random:

Yea. Cards you get are totally random. But how to explain that we have so many professional poker players that play poker for a living? Well the only thing that they differ form those who are loosing is money management and discipline during bidding.. Bidding is the first and only moment that determines if you will lose or earn in poker. That's the hardest part that needs experience. Why?
With infinity plays you will have every possible card set. Good once, bed once. Sometimes you will lose sometimes you will earn. Key is not to lose less times. That impossible. Key is to lose less money with bed cards than you win with good cards. That's where money management and discipline comes. In poker that's especially hard because you have to say good bye to your money even with quite good card without battle if bidding is going too far and calculated probability of winning is showing you red light to bet higher. But that's the hand that makes bed player go home with 0 and good players stay and fight again.

How about trading?

In trading, you also don't know your opponents "cards". You don't know who is on market (whale are buying or bunch of fomo noobs). If whale than how much money he has left, when will he dump. TA may show various of buy signals but on the other hand that's the best moment for whale to dump (best price and best volume when everyone is sure that price can go only in one direction - f.e after breaking resistance). Will he dump or not? Is support holding for so long because someone is buying at that point or maybe whale stops to sell to don't break it to don't cause panic selling?
How about Fundamental Analysis? That's where we may be even more cheated by insider trading. When news hit market price is very often pumped by whales who new before. NEWS from which you do FA may also be faked by coin team. Even team might be faked.
It means that trading is game of luck? No. That's where money management and discipline comes. Same as with poker. Key is not to lose less times. Key is to lose less money with every bad trade. To cut looses and say good bye to your money even with "quite good card". To learn to enter only those trades with high probability of winning (TA buy signals) combined with low risk (close to support where you could set stop loss). TA indicators are easy to learn in 1-5 days. Good trader is able to earn on market for a living after few years of experience because discipline and money managements takes so much time to master in trading. That's where poker comes in. You can train those skill playing poker where every bet takes minutes not hours/days. You can master those skills faster and even for free playing for unreal money.

Professional trader and poker player will say the same thing: -You loose the most when you are sure that you will win

We can learn a lot from poker because this is a mind game just like trading so if you do poker its easy now for you to learn trading. But if you want to become a trader, you must not used your gambling experience, it is still good to learn without spending more because in poker you can lose big money so its not good for you to start like this.

Only in those games where you have hand than you can count (or estimate) probability of winning and bet on that. Only poker and maybe some sort of dice games comes to my mind now. Throw examples what you are thinking of.

I mean that when you are sure you will win you will bet more and more (in poker when you have Full House not knowing that oponent have Four of a kind)  or buying more and more coins even if price is going down unless margincall (in trading).

You will not lose all your money in poker having 5 times nothing in a row. You will lose all your money having Full House.
You will not lose all your money in trading hitting 3% stoploss 5 times in a row. You will lose them all by 1 trade without discipline and money management betting more and more on trade that is not going how it should and you will do this only when you are sure that "big news is comming" or "i'm sure its fake dump" or others.

If we talk about money management and discipline, then I think it has related to all of the gambling games. But how about sports betting? But I don't know but I think in sports betting, we play with probability too.

With sport betting probability is correlated with expected win in that way that casino always wins. Its like roulette. If you have 50% chance to win than you will almost double when it will happened. Almost :).

In poker probability and expected win/loss is not set by casino. You, players, are setting that during betting and that's the moment when skill comes in. When it's going too far and probability is too low than you quit. Just like in trading. When price break support than expected loss is increasing rapidly while probability of profit is descrising - you need to quit and "left your money on the table".

Ability of quitting. That's my point. Ability to not panic hold. No matter if its coin or its hand with dual pairs and bidding is going too far.

~
Professional trader and poker player will say the same thing: -You loose the most when you are sure that you will win

I'm glad you said it because this is like my motto. I rarely trade but I play poker a lot, and I've noticed that this is what happens most of the time. When you have a great hand and you are sure you'll win, you lose to a better hand. It is especially vexing when you finish on 11th place after going all-in in a tournament with 10 places paid. I folded AA preflop once because the situation was as I described in the previous sentence, and I know I did the right thing. I agree with you, crypto trading and poker are very similar in regard to money management. Even if the probability of winning is very high you have to take into account all the other factors before making a final decision.

Ability of quitting. That's my point. Ability to not panic hold. No matter if its coin or its hand with dual pairs and bidding is going too far.

There are many characteristics that both gamblers and traders should have but these two activities are totally different.

I don't think that someone is going to improve his trading skills by playing poker.

Trading needs a lot of technical analysis before making a decision which is not taught when you play poker.

Poker and Trading are similar in terms of high risk like there's no assurance if you can really earn then OP both also are not similar in some terms like for me poker is base on your luck and strategy then trading is base on your strategy like with buy then sell and in the potential where you invest like that will grow still both are unpreditable like you have chance that's why we try this

Partially I agree with OP, but one must remember about the difference that makes the example of the poker game and trade can not be directly compared (in my opinion).

In the poker game, theoretically opponents have similar chances to win, of course, they differ in skills, experience and wealth of the wallet, but sitting at the table all of them have the same rules and each of them can win the pot.

In trade, your opponent is the most often a whale who constantly creates and changes rules throughout the game, and also has unlimited (compared to your) funds, thanks to which he can at the time raise or lower the price and you have no influence on that. In fact, you can only defend yourself using stop loss or technical analysis tools . But one thing is certain - you are not equal and there are no fixed rules.

One thing that can be learned in trade and poker is self-control. Neither poker nor trade should be based on the emotions of just calmness and self-control and cold calculation, and here I completely agree that it combines these two areas.

I dont think there are very similar, its maybe true to be able to win in either gambling or trading you need to calculate the possibility, but in gambling there are no indicators that could increase your winning chance, in trading we got a lot of support factors and chart, psychology and news also could become the extra point to increase the winning chance

gambling has a very high risk compared to trading

They are very similar but that’s the only difference since poker is a more risky game. Its true that we should not treat poker as trading because you don’t see an price movement their you are just basing on the cards that you have. Trading should be treated professionally for you to win big. 

I dont think there are very similar, its maybe true to be able to win in either gambling or trading you need to calculate the possibility, but in gambling there are no indicators that could increase your winning chance, in trading we got a lot of support factors and chart, psychology and news also could become the extra point to increase the winning chance

When it comes to playing Poker, things boils down to probability and you do not have clear signs and signals to make your moves like you do have in trading. So, poker is quite different from trading and trading after playing poker will be much easy and might give you some desirable outcomes as well since you step down to a relatively easier game from a difficult one.

Trading can make you money when market is green and you just do not choose to trade when market is down.

Well,it's a myth that poker players are good traders.Some company hired poker players to manage their stock trading and they have lost almost evetything.I forgot the name of the company,I'll try to find it.
For me,poker a game that is mostly about luck,trading requires more knowledge about the markets,proper analysis and applying diversification to your financial assets.

It all depends on money you put in. If you put 100 000 $ into coin which was dumped 30% during night you lost 30 000$ in 8h. It will take weeks to lose that much playing poker on table with 100$ max bet. Poker with money management may be less risky than trading without it.

I dont think there are very similar, its maybe true to be able to win in either gambling or trading you need to calculate the possibility, but in gambling there are no indicators that could increase your winning chance, in trading we got a lot of support factors and chart, psychology and news also could become the extra point to increase the winning chance

It all depends on money you put in. If you put 100 000 $ into coin which was dumped 30% during night you lost 30 000$ in 8h. It will take weeks to lose that much playing poker on table with 100$ max bet. Poker with money management may be less risky than trading without it.

~
The part about "poker dumping" not being like typical cryptocurrency sounds interesting.
If ever I become a gambler, poker will probably be my first try. I have heard alot of good things about it. I does seem like a safe gambling.

...
For in order to get a profit in trading one must be aware of the market conditions, the condition of the stocks, the development in the coin etc. But gambling is purely based on luck and it does always wins in favour of the casino.
...

It's not about gambling in general but about poker in particular. Poker game indeed has many similarities with crypto trading according to those who are familiar with both(read the posts above). Maybe you don't play poker much, but trust me, this is not just a luck based game, and to play it good you have to do more than calculating probabilities. Btw, I don't think that looking at charts can help you much in trading because all the other traders are looking at the same charts too. ... One of the main points of this thread, put it in a nutshell, is that you shouldn't always go all-in even if your chances of winning are very good, neither in poker nor in trading.

The poker and trading also same have risk especially today the movement of price value in the coin market cap is very volatile while buying altcoin for trading. Playing poker the risk is if the player not setting up greed control possible to lose huge mone.

I think there is no lesson that you can take in poker for trading besides knowing that both have a high risk too. what are the important lessons of poker that you can implement in trading? both are different you know, strategies, which determine of win, its different.

Professional trader and poker player will say the same thing: -You lose the most when you are sure that you will win

~
If only calculating probabilities could make you a good trader that would make sense. In poker you can sometimes see a clear outcome. Like when you have aces the probability of somebody hitting royal to beat you is close to 0 although such things often happen in the movies.

In trading you can never be this sure. There's too many things to consider and even very experienced traders can't seem to predict where cryptocurrencies will go.

Not necessarily have to be poker. There are even people who consider trading as gambling. The thing is even poker seem more predictable than trading - you can calculate chances. Much of trading is emotions and manipulation.

The lesson of taking small losses like folding holds true in trading though.

Poker and trading has a big difference because trading has a different way to earn money unlike playing poker.

People who consider trading as gambling is because they don't have information related to trend or the price moves, so they gamble and hope that they are lucky. If you can use the analysis with a right, then you are not gambling but you trade base on the sign in the market, and you can calculate the chances to get the profit. But for me, poker is not predictable because we need to learn how to play poker with right too and in the poker, there will be pressure from every player.

I think playing poker will not help you to train trade because trading and gambling is different.

I think that one example is not enough to definitively disprove the hypothesis. Why did they lose almost everything if skills get from poker are definitely useful in trading. Maybe there was something we didn't know about? When was that? in 2000/2008 during bubbles where almost every trader zero wallet?

You need people with mental capabilities that can solve sophisticated problems. Poker experts are good with only poker and trust me they do not find it fun to perform in a company managing their stocks and I think a firm will prefer to stay on a safe side and would rather hire some one with a master’s degree in finance or economics to manage their accounts and stocks. So yeah, being skillful at poker does not make you a die hard trader.

Agree and its totally different if we try to compare and contrast both things poker is different and trading is different too.They might have similarities
but im completely disagree with some points.
There are lots of sources online if you do tend to trading poker and trading.

Trading and gambling has some similarities and by been able to do one we can do other.  A gambler has a risk mind and it is that mind that will enable you to succeed in trading.  Remember that many traders are afraid of losing money and it is an experience in gambling that will enable you to see trading as something worthwhile.

People who consider trading as gambling is because they don't have information related to trend or the price moves, so they gamble and hope that they are lucky. If you can use the analysis with a right, then you are not gambling but you trade base on the sign in the market, and you can calculate the chances to get the profit. But for me, poker is not predictable because we need to learn how to play poker with right too and in the poker, there will be pressure from every player.

When I read that it was necessary to be a professional to make profits in the market (what I agree with), I remembered an experiment carried out once before by Professor Prinston who compared the results on the stock exchange achieved by experts and monkeys throwing drafts. I do not know if you've heard this story?

"Give a monkey enough darts and they’ll beat the market. So says a draft article by Research Affiliates highlighting the simulated results of 100 monkeys throwing darts at the stock pages in a newspaper. The average monkey outperformed the index by an average of 1.7 percent per year since 1964. That’s a lot of bananas!

What is all this monkey business? It started in 1973 when Princeton University professor Burton Malkiel claimed in his bestselling book, A Random Walk Down Wall Street, that “A blindfolded monkey throwing darts at a newspaper's financial pages could select a portfolio that would do just as well as one carefully selected by experts.”

“Malkiel was wrong,” stated Rob Arnott, CEO of Research Affiliates, while speaking at the IMN Global Indexing and ETFs conference earlier this month. “The monkeys have done a much better job than both the experts and the stock market.”

In their yet-to-be-published article, the company randomly selected 100 portfolios containing 30 stocks from a 1,000 stock universe. They repeated this processes every year, from 1964 to 2010, and tracked the results. The process replicated 100 monkeys throwing darts at the stock pages each year. Amazingly, on average, 98 of the 100 monkey portfolios beat the 1,000 stock capitalization weighted stock universe each year."

source and whole article you can find here: https://www.forbes.com/sites/rickferri/2012/12/20/any-monkey-can-beat-the-market/

I wonder what the results would look like when a similar experiment like the stock market and monkeys would be done with the cryptocurrency market. Maybe it would turn out that trading in cryptocurrencies is more like not even for poker, but simple gambling than we think?

~
I was speaking with trader with 30 years experience a lot. Calm and always ready for a punch. That was his attitude. When i came excited and said that i've earned 30% in short term on stocks he only ask - Did you sold and withdraw? No.. You earn nothing than. Even the best analysis won't protect you against the black Swan.

That's the best approach you can have imo. People here like to say that in gambling positive outcome is never guaranteed, but in fact it is never guaranteed in trading either even if you are the most experienced trader in the world. Success comes to those who realize that they can lose at any moment regardless of their knowledge of the situation, and thus they never risk big amounts, and if they lose they are not bankrupt because of that, they can continue their activity and if they are good at it there are good chances of being successful in the long run.

I think there is no lesson that you can take in poker for trading besides knowing that both have a high risk too. what are the important lessons of poker that you can implement in trading? both are different you know, strategies, which determine of win, its different.

In my opinion, it means you have the same experiences as a trader in crypto has so you could easily switch from poker to crypto. There are ups and downs in cryptocurrency and a poker player is very well versed with the ups and downs as well. So, here in place of playing against a person like in poker, you would play against the cryptocurrency 2 billion dollar industry. This is I think a good interpretation.

Not just the case of poker, there is a debate for years like when we are gambling with strategies then why not go for trading as trading is known for full of strategies and analysis. In my experience, a trader may become a successful gambler but I am not sure about the vice versa thing.

Yes, gambling can give you the confidence on every decision that you will make especially in poker. It can help you in trading but i don’t see any big impact to you not unless you are so focus to learn everything. Reading books and listening online can still give you the best knowledge that you will need. Trading is a fight between you and your emotion, that’s the risk.

In my opinion, it means you have the same experiences as a trader in crypto has so you could easily switch from poker to crypto. There are ups and downs in cryptocurrency and a poker player is very well versed with the ups and downs as well. So, here in place of playing against a person like in poker, you would play against the cryptocurrency 2 billion dollar industry. This is I think a good interpretation.

Not just the case of poker, there is a debate for years like when we are gambling with strategies then why not go for trading as trading is known for full of strategies and analysis. In my experience, a trader may become a successful gambler but I am not sure about the vice versa thing.

I do agree with the op's statement that poker is similar to trading in some ways like how strong/weak your hand is. Poker players need to learn on how to manage your money when your playing just like in trading. Both traders and poker players must have a strategy to win or not to lose lots of money.

I didn't know that this debate has been going on for years now, mainly because i don't have years here sadly. But i totally and truly agree with you, a trader can become a really good poker player and not necessarily the other way around. Learning one requires a lot more attention to detail and discipline than learning the other one.

The big difference i would say is the social aspect of the game. Reading people and stuffs like that, things a trader will have to learn that are not necessarily related in a personalized level with trading. With trading it's more about the macro level of things.

Trading needs lots of patience and trust and their experience also play an important role in this trading field so I think Pokar is different from trading and it will teach something as to not invest much more that is the learning will come with the gambling field

I do agree with the op's statement that poker is similar to trading in some ways like how strong/weak your hand is. Poker players need to learn on how to manage your money when your playing just like in trading. Both traders and poker players must have a strategy to win or not to lose lots of money.

But it still better trading than playing poker because poker is the hardest game for the most gambler and not all gamblers can play poker with good. But every people could trade with easy because they only need to buy and sell any coins and then they could try to make a profit from trading. I prefer to suggest other people to trade than to try poker because that is not easy for them to start playing poker.

We have that two options mate either we go for trading or keep playing with poker. I don't what it makes poker a way to learn to gamble. They are in different ways, we can be better in trading which might be a struggle for us in poker. Actually, it's hard to make it perfect both at the same time as we need which one we have to prioritize cause trading isn't an easy task. Thus, we need to choose one among the two.

Poker is for entertainment
Trading is for investment

Period.

I don't know why people need to choose up and even compare yet we know on whats the purpose between these things.

Nice anlaysis there. The thing that matters for your profit or loss is when you stay and when you withdraw. In that sense Poker and Trading are same.
But Poker is mostly a luck game while many things are involved in trading. Trading too is luck but not as much as poker as events, news, and technical analysis may help deciding the traders about when to pull and when to go in.

Using your skills to analyze and anticipate the next movement will give some similarities between this two venue of activities, if you can analyze well
from both industry then you can take that as an advantages, you can win over your opponents inside poker while you can also get some better position
when you are working with your tradings.

You should ask any expert or maybe do your win research and you will know that they are both very different. You can even do your research with Google and you will see that there is a difference and there is more to trading than there is to poker game.

You can even do your research with Google and you will see that there is a difference and there is more to trading than there is to poker game.

In my opinion trading and poker are very similar. Interface is the only difference. Rules are the same.
I know that part of you will disagree with me with my very first sentence by saying that poker is game of luck and trading is based on indicators, supports, TA, FA and many more. Well you know nothing about trading and poker then :)

Why poker is not game based only on luck if cards you get are totally random:

Yea. Cards you get are totally random. But how to explain that we have so many professional poker players that play poker for a living? Well the only thing that they differ form those who are loosing is money management and discipline during bidding.. Bidding is the first and only moment that determines if you will lose or earn in poker. That's the hardest part that needs experience. Why?
With infinity plays you will have every possible card set. Good once, bed once. Sometimes you will lose sometimes you will earn. Key is not to lose less times. That impossible. Key is to lose less money with bed cards than you win with good cards. That's where money management and discipline comes. In poker that's especially hard because you have to say good bye to your money even with quite good card without battle if bidding is going too far and calculated probability of winning is showing you red light to bet higher. But that's the hand that makes bed player go home with 0 and good players stay and fight again.

How about trading?

In trading, you also don't know your opponents "cards". You don't know who is on market (whale are buying or bunch of fomo noobs). If whale than how much money he has left, when will he dump. TA may show various of buy signals but on the other hand that's the best moment for whale to dump (best price and best volume when everyone is sure that price can go only in one direction - f.e after breaking resistance). Will he dump or not? Is support holding for so long because someone is buying at that point or maybe whale stops to sell to don't break it to don't cause panic selling?
How about Fundamental Analysis? That's where we may be even more cheated by insider trading. When news hit market price is very often pumped by whales who new before. NEWS from which you do FA may also be faked by coin team. Even team might be faked.
It means that trading is game of luck? No. That's where money management and discipline comes. Same as with poker. Key is not to lose less times. Key is to lose less money with every bad trade. To cut looses and say good bye to your money even with "quite good card". To learn to enter only those trades with high probability of winning (TA buy signals) combined with low risk (close to support where you could set stop loss). TA indicators are easy to learn in 1-5 days. Good trader is able to earn on market for a living after few years of experience because discipline and money managements takes so much time to master in trading. That's where poker comes in. You can train those skill playing poker where every bet takes minutes not hours/days. You can master those skills faster and even for free playing for unreal money.

Professional trader and poker player will say the same thing: -You lose the most when you are sure that you will win

This is very true. For me too they are the same, the same risky and the same hard. It really takes a lot of courage to play since we are all experienced losing there. For me, strategy in everything you do or in every aspect of your life will get you to your success.

I oppose you. They are very different, you could not compare the poker game into trading, handling coins in trading is not just like reading cards with the opponent in poker. In short, they are not similar. Just having a focus on playing poker if this is your passion or even in trading, you can stick one of them and start making strong analysis and study the best move on. But comparing them because you've thought that they are the same, then, you are in wrong beliefs.

Using your skills to analyze and anticipate the next movement will give some similarities between this two venue of activities, if you can analyze well
from both industry then you can take that as an advantages, you can win over your opponents inside poker while you can also get some better position
when you are working with your tradings.

We can learn a lot from poker because this is a mind game just like trading so if you do poker its easy now for you to learn trading. But if you want to become a trader, you must not used your gambling experience, it is still good to learn without spending more because in poker you can lose big money so its not good for you to start like this.

Because both needs more skills, it can really improves how strategy you will use not to lose. But trading is better even if your a newbie you can trade even if your not experience gambling. It is not so necessary to play poker if you want to learn trading.

Professional trader and poker player will say the same thing: -You lose the most when you are sure that you will win

Professional poker players usually don't celebrate victory until the river and they don't admit defeat prematurely, before the final card is played.

Because both needs more skills, it can really improves how strategy you will use not to lose. But trading is better even if your a newbie you can trade even if your not experience gambling. It is not so necessary to play poker if you want to learn trading.

We have that two options mate either we go for trading or keep playing with poker. I don't what it makes poker a way to learn to gamble. They are in different ways, we can be better in trading which might be a struggle for us in poker. Actually, it's hard to make it perfect both at the same time as we need which one we have to prioritize cause trading isn't an easy task. Thus, we need to choose one among the two.

But the chance to lose money will be bigger in the poker games than in the trading. I can say that because if we are lost in the trading, as long as we don't sell the coin, we are not really losing because the coin can increase in anytime so we can get the profit. But if in the poker game, once we are lost, we will lose all of the money and we are difficult to recover the losses.

You lose the most when you are sure that you will win

It is a good idea to play poker to improve your skills.I think that trading is a lot like gambling and the only difference is trading has better publicity compared to gambling.

While gambling is considered bad by most of the community trading is considered neutral.However you should be careful as both in gambling or trading you risk to become addicted.

I don't agree -now margin trading become  more and more popular - and you can lose all of your money in one moment there

Because both needs more skills, it can really improves how strategy you will use not to lose. But trading is better even if your a newbie you can trade even if your not experience gambling. It is not so necessary to play poker if you want to learn trading.

Poker is indeed required analysis but you should do it in short limited time only, it is completely different with analysis in trading. So even if you have great analysis in poker game, it does not mean that you will have the same skills to be applied on trading. Even in sports betting where you have more time to do some analysis like what you can do in trading but still both are very different activities.
How to learn trading is by learning and practicing trading itself, not by learning gambling games (poker or sports betting).

Because both needs more skills, it can really improves how strategy you will use not to lose. But trading is better even if your a newbie you can trade even if your not experience gambling. It is not so necessary to play poker if you want to learn trading.

I also think so, although poker is not entirely about luck, but in my opinion poker is different from trading, in trading you cannot just prioritize or rely on luck to be profitable, you need lots of strategies and skills, and trading is not about having fun like on poker, but its okay if you want to do poker to hone trading skills, I don't know if it's related, but it's not a problem to try

Not necessarily have to be poker. There are even people who consider trading as gambling. The thing is even poker seem more predictable than trading - you can calculate chances. Much of trading is emotions and manipulation.

The lesson of taking small losses like folding holds true in trading though.

For me it’s not only poker is what similar to trading but the whole gambling itself,you have mentioned about Luck in poker?but all gambling games needs this as well,and sometimes even sports betting also needs luck as players maybe good but they don’t hold the winning until it was decided

While in trading,even how great the TA and research you’ve made,yet Luck is still in need  coz we know that there are some big players here who made moves every coin they wanna pump and dunk so if you’re lucky to pick one then sure profit will be yours

Skills wise yes but if you want to learn trading then you must focus on learning trading directly, where you don’t need to spend time on playing poker which can lose your money. We make big decision on both field but your decision in trading is critical because its a long term decision and not just a day of decision.

~Because both needs more skills, it can really improves how strategy you will use not to lose. But trading is better even if your a newbie you can trade even if your not experience gambling. It is not so necessary to play poker if you want to learn trading.

I totally agree, trading and poker may have things in common but they are two different things, it is better to learn trading directly and don't fear to lose because losing can also mean an opportunity for you to make better strategies. Decision making in trading is very critical in the sense that it can make or break your investments.

In my opinion trading and poker are very similar. Interface is the only difference. Rules are the same.
I know that part of you will disagree with me with my very first sentence by saying that poker is game of luck and trading is based on indicators, supports, TA, FA and many more. Well you know nothing about trading and poker then :)

Why poker is not game based only on luck if cards you get are totally random:

Yea. Cards you get are totally random. But how to explain that we have so many professional poker players that play poker for a living? Well the only thing that they differ form those who are loosing is money management and discipline during bidding.. Bidding is the first and only moment that determines if you will lose or earn in poker. That's the hardest part that needs experience. Why?
With infinity plays you will have every possible card set. Good once, bed once. Sometimes you will lose sometimes you will earn. Key is not to lose less times. That impossible. Key is to lose less money with bed cards than you win with good cards. That's where money management and discipline comes. In poker that's especially hard because you have to say good bye to your money even with quite good card without battle if bidding is going too far and calculated probability of winning is showing you red light to bet higher. But that's the hand that makes bed player go home with 0 and good players stay and fight again.

How about trading?

In trading, you also don't know your opponents "cards". You don't know who is on market (whale are buying or bunch of fomo noobs). If whale than how much money he has left, when will he dump. TA may show various of buy signals but on the other hand that's the best moment for whale to dump (best price and best volume when everyone is sure that price can go only in one direction - f.e after breaking resistance). Will he dump or not? Is support holding for so long because someone is buying at that point or maybe whale stops to sell to don't break it to don't cause panic selling?
How about Fundamental Analysis? That's where we may be even more cheated by insider trading. When news hit market price is very often pumped by whales who new before. NEWS from which you do FA may also be faked by coin team. Even team might be faked.
It means that trading is game of luck? No. That's where money management and discipline comes. Same as with poker. Key is not to lose less times. Key is to lose less money with every bad trade. To cut looses and say good bye to your money even with "quite good card". To learn to enter only those trades with high probability of winning (TA buy signals) combined with low risk (close to support where you could set stop loss). TA indicators are easy to learn in 1-5 days. Good trader is able to earn on market for a living after few years of experience because discipline and money managements takes so much time to master in trading. That's where poker comes in. You can train those skill playing poker where every bet takes minutes not hours/days. You can master those skills faster and even for free playing for unreal money.

Professional trader and poker player will say the same thing: -You lose the most when you are sure that you will win

 I prefer to trade at immediate time because it will challenge ourself to create strategy to defeat loses. Perhaps, having experience will evade us from loses that may create good and viable strategy and it also an opportunity to become a great trader in the future. And being a professional trader had experienced failure from time and strive harder to claim the tittle.

Skills wise yes but if you want to learn trading then you must focus on learning trading directly, where you don’t need to spend time on playing poker which can lose your money. We make big decision on both field but your decision in trading is critical because its a long term decision and not just a day of decision.

This post made sense during the bearish market when profit making was hard like gambling.  I guess most experienced cryptocurrency traders would disagree with it today.

Good crypto traders can make profit from most of their trades... not sure this is the case with gambling

In my opinion trading and poker are very similar. Interface is the only difference. Rules are the same.
I know that part of you will disagree with me with my very first sentence by saying that poker is game of luck and trading is based on indicators, supports, TA, FA and many more. Well you know nothing about trading and poker then :)

Why poker is not game based only on luck if cards you get are totally random:

Yea. Cards you get are totally random. But how to explain that we have so many professional poker players that play poker for a living? Well the only thing that they differ form those who are loosing is money management and discipline during bidding.. Bidding is the first and only moment that determines if you will lose or earn in poker. That's the hardest part that needs experience. Why?
With infinity plays you will have every possible card set. Good once, bed once. Sometimes you will lose sometimes you will earn. Key is not to lose less times. That impossible. Key is to lose less money with bed cards than you win with good cards. That's where money management and discipline comes. In poker that's especially hard because you have to say good bye to your money even with quite good card without battle if bidding is going too far and calculated probability of winning is showing you red light to bet higher. But that's the hand that makes bed player go home with 0 and good players stay and fight again.

How about trading?

In trading, you also don't know your opponents "cards". You don't know who is on market (whale are buying or bunch of fomo noobs). If whale than how much money he has left, when will he dump. TA may show various of buy signals but on the other hand that's the best moment for whale to dump (best price and best volume when everyone is sure that price can go only in one direction - f.e after breaking resistance). Will he dump or not? Is support holding for so long because someone is buying at that point or maybe whale stops to sell to don't break it to don't cause panic selling?
How about Fundamental Analysis? That's where we may be even more cheated by insider trading. When news hit market price is very often pumped by whales who new before. NEWS from which you do FA may also be faked by coin team. Even team might be faked.
It means that trading is game of luck? No. That's where money management and discipline comes. Same as with poker. Key is not to lose less times. Key is to lose less money with every bad trade. To cut looses and say good bye to your money even with "quite good card". To learn to enter only those trades with high probability of winning (TA buy signals) combined with low risk (close to support where you could set stop loss). TA indicators are easy to learn in 1-5 days. Good trader is able to earn on market for a living after few years of experience because discipline and money managements takes so much time to master in trading. That's where poker comes in. You can train those skill playing poker where every bet takes minutes not hours/days. You can master those skills faster and even for free playing for unreal money.

Professional trader and poker player will say the same thing: -You lose the most when you are sure that you will win

I don't think that playing poker will help you get better knowledge in trading because these are different areas of earning money.

This post made sense during the bearish market when profit making was hard like gambling.  I guess most experienced cryptocurrency traders would disagree with it today.

Good crypto traders can make profit from most of their trades... not sure this is the case with gambling

You know nothing about poker my friend. You are bidding in poker not only buying in and showing cards. With bidding, you can do money management. I have 2 pairs so i can put max 5% of my wallet hoping to not be overbid and win. Like in trading. I'm bouncing from support. I'll set stoploss just under risking 5% of my wallet hoping for profit till next resistance.

If you are playing poker with strategy like: - I have 2 pairs. Let's see if i can double with that and you put all your money on table than definitely you won't learn anything from poker.

IMHO the biggest lesson from poker is that you can't always win. Sometimes you have to take a small loss to save whatever remains of your investment. That you don't always have to "call".

Indeed for me, OP was right. I can be considered that the strategy we can use in the poker game might be used also in the trading. Strong guessing cards just like picking good coins to trade. If you had a wrong move, of course, you also lose your fund. Even though they had similarity but overall the risk was there and it depends by luck you had. Well, just focus on one habit. Indeed, If you are getting a passion for poker then focus on it, not in trading.

Winning in poker will be a combination of luck and strategies which is a big difference in trading where you can use our only best strategies in order to make money.  The good thing in trading is that we can always be at the right choice of our coin cause we know already the market and it is already on the list unlike in poker where absolutely zero until we open it.

I guess I don't have to just to train trading since I don't really play poker a lot, my passion in gambling is different but I can say that being a gambler as long as your game requires proper analysis, it can be helpful in learning how to trade.

Every trader is hoping to be successful, but everyone has their own style and since this is about judgment done in a certain timing, no strategy that is fix for this as all are done in a given situation.

I have extensively played poker and to some extent done trading. Except for the fact that there's a bit of luck playing on both, I found no other similarities between them.
Both requires attention and so does every work. The study done in poker are based on exact time while trading needs more detailed research and study.

The point of the OP is actually relating them, not telling that they are similar in terms of approach. Of course they are not similar but when we go on a different perspective, we can see that traders and poker players are both taking risk but in different way and basis.

Risk is in everything and ofcourse we are born after huge risky operations.But we need to focus on what we are going to do will make us to be better than trying something for getting better at some other things.

In my opinion trading and poker are very similar. Interface is the only difference. Rules are the same.
I know that part of you will disagree with me with my very first sentence by saying that poker is game of luck and trading is based on indicators, supports, TA, FA and many more. Well you know nothing about trading and poker then :)

Why poker is not game based only on luck if cards you get are totally random:

Yea. Cards you get are totally random. But how to explain that we have so many professional poker players that play poker for a living? Well the only thing that they differ form those who are loosing is money management and discipline during bidding.. Bidding is the first and only moment that determines if you will lose or earn in poker. That's the hardest part that needs experience. Why?
With infinity plays you will have every possible card set. Good once, bed once. Sometimes you will lose sometimes you will earn. Key is not to lose less times. That impossible. Key is to lose less money with bed cards than you win with good cards. That's where money management and discipline comes. In poker that's especially hard because you have to say good bye to your money even with quite good card without battle if bidding is going too far and calculated probability of winning is showing you red light to bet higher. But that's the hand that makes bed player go home with 0 and good players stay and fight again.

How about trading?

In trading, you also don't know your opponents "cards". You don't know who is on market (whale are buying or bunch of fomo noobs). If whale than how much money he has left, when will he dump. TA may show various of buy signals but on the other hand that's the best moment for whale to dump (best price and best volume when everyone is sure that price can go only in one direction - f.e after breaking resistance). Will he dump or not? Is support holding for so long because someone is buying at that point or maybe whale stops to sell to don't break it to don't cause panic selling?
How about Fundamental Analysis? That's where we may be even more cheated by insider trading. When news hit market price is very often pumped by whales who new before. NEWS from which you do FA may also be faked by coin team. Even team might be faked.
It means that trading is game of luck? No. That's where money management and discipline comes. Same as with poker. Key is not to lose less times. Key is to lose less money with every bad trade. To cut looses and say good bye to your money even with "quite good card". To learn to enter only those trades with high probability of winning (TA buy signals) combined with low risk (close to support where you could set stop loss). TA indicators are easy to learn in 1-5 days. Good trader is able to earn on market for a living after few years of experience because discipline and money managements takes so much time to master in trading. That's where poker comes in. You can train those skill playing poker where every bet takes minutes not hours/days. You can master those skills faster and even for free playing for unreal money.

Professional trader and poker player will say the same thing: -You lose the most when you are sure that you will win

Will be the risk are we facing in both poker and trading, it makes people not to stay at its focus when they keep thinking of it.
Playing poker is just like in trading, the risk is their, both have possibility of losing and winning is just be our luck. But I've never wanting to have this two in a time, and I've preferred to do trading the risking my money in gambling.

Will be the risk are we facing in both poker and trading, it makes people not to stay at its focus when they keep thinking of it.
Playing poker is just like in trading, the risk is their, both have possibility of losing and winning is just be our luck. But I've never wanting to have this two in a time, and I've preferred to do trading the risking my money in gambling.

Yeah both of them are based on learning we will have to learn it allot, if you are going to be gambler it will need allot of knowledge and if you want to become a trader you will have to gain skills and patience but whatever we choose we will get allot of profit, so I trade with my crypto and I gamble with my money.

Actually have skill in both trading and gambling is good to do. Because sometime trader usually get bored too with their usual activities and gambling or maybe play poker. And in poker, we can learn like what people said about patience and get any strategy to minimize loses. Both of it is good in general.

This post made sense during the bearish market when profit making was hard like gambling.  I guess most experienced cryptocurrency traders would disagree with it today.

Good crypto traders can make profit from most of their trades... not sure this is the case with gambling

definitely the connection between the gambling and trading will always there because both are like same path if we do properly only you can get the result to be positive otherwise both gambling and trading will not give any success that's why I think playing gambling will also helpful for the trading

~
But we have a chance to make money from trading than from gambling because if we can learn more about trading, that will help us to make a profit. But in gambling, it is very difficult to make money because gambling will depend on the luck itself. There will be a small chance for us to win if we don't know when our luck will come.

One way or another, there is a lot in common between gambling and trading.  And the first is that it is very difficult to achieve the desired results, but still the chances of a merchant are much greater.  If a person wants to make a good profit from trade, then he should also be willing to learn everything properly and gain experience.  Only diligent work and practice will give the desired profit.  But in gambling there is luck.

We are just talking in poker game and not in general gambling fields. I've to agree that poker will be of the same from what we do in trading. Both of them needs luck and strategies in order to win. In playing poker will have to believe that we can get some tips to be applied into our trading plans and helps us to succeed.  

IMHO the biggest lesson from poker is that you can't always win. Sometimes you have to take a small loss to save whatever remains of your investment. That you don't always have to "call".

Poker and crypto trading are two different things and should not be compared. If you want to a be good trading, focus on learning trading and not on Poker.  :)

The only thing which is similar and can be learnt in both poker and trading is the patience and controlling emotions. If you are able to overcome your emotions, for sure you can have big success in both poker and crypto trading.

Poker is an entirely different league from other forms of gambling. Even if you have a bad luck, sometimes bluffing and snowing would yield you better profit than good hands. But you also should be able to maintain a personality in poker. Be less predictive while studying the behavior of your competitors.

Bluffing could be a solution if we don't have a good card in pokers but that will not work to the pro poker gamblers because they will know if we lie or not. They will anticipate from the bad things that might happen later and they will prevent that to happens. The pro gamblers will find a way to know if you are just bluffing or not so they can decide what they need to do.

~
The only thing which is similar and can be learnt in both poker and trading is the patience and controlling emotions. If you are able to overcome your emotions, for sure you can have big success in both poker and crypto trading.

Not only that what is similar between poker and trading. The most important similarity is that in both activities you have to be a pro in managing your balance. You should be able to weigh the possible outcomes and act accordingly, or otherwise you can end up with zero balance pretty soon, both in poker and in trading. The goal is to minimize the luck factor, although you can't eliminate it completely.

And can we have even a slightest idea about that? No. Same with trading. No one on Earth can tell you whether this or that coin will go up or down from a certain point. Yes, sometimes there is a big probability of a certain outcome, but you have that in poker too. The probability of winning with a flush Ace high, if Ace is one of your pocket cards, is high, but we all know that there is a possibility of negative outcomes too.

If you are learning a coding language, or just a foreign language, the more time and efforts you spend on it, the better you become. This is not the case with playing poker and trading, and I think these activities are indeed similar to each other, regarding dependence on luck and money management.

Poker and crypto trading are two different things and should not be compared. If you want to a be good trading, focus on learning trading and not on Poker.  :)

The only thing which is similar and can be learnt in both poker and trading is the patience and controlling emotions. If you are able to overcome your emotions, for sure you can have big success in both poker and crypto trading.

For me actually both are good but we will have to focus on one side because it will not divert your attention, so first of all check your interest, then choose it, if you are good at trading spend your time and your money for trading, if you are good at gambling then gamble with your full concentrating and chose good game in this regard.

Trading and poker is very similar but I think its doesn't matter if you good in trading, then you are also good in poker because its still different its come to activity.

Isn't gambling more about luck than about skill? With trading, you'd have to calculative and understand the financial market, how does one become a better gambler? By ""improving their luck""? lol is that even scientifically possible?

~
Yes, I agree with this but related to cryptocurrency, if you can choose the right coin, for example, bitcoin, you know you can make a profit from bitcoin, although you don't know when. I prefer to take any profit I can see than to hold for a long time but that if I don't have any clue for the coin that I have.

Trading and poker are somehow related because of the strategy that you have to apply if you are in the actual game and if you trade.

Poker is not about luck because you need to be skillful, sometimes even how bad your cards is you can do something to improve it.

The same in trading you need plan, skills and strategy.

Isn't gambling more about luck than about skill? With trading, you'd have to calculative and understand the financial market, how does one become a better gambler? By "improving their luck"? lol is that even scientifically possible?

Risk is there whether it's gambling or not, so if you're a risk taker probably learning to trade will be associated with gambling experiences. Expectations for any lucky wins for gambling were only for those amateurs, but for those veterans they only need fun time for their money. If you're lucky then that's destiny and not by any charms.

I beg to differ. The risk associated with gambling is not the same as the risks associated with trading. With gambling, you have no controlling factor. You have no prior knowledge about any event that could give you hints about the upcoming event. Like when placing a bet, you previous bets/client seed/server seed all these information are useless and won't help you in anyway with your current bet. But when trading, all previous information are extremely vital and can be used to reduce risks from future trading.

Poker can't be played without proper knowledge about the game, each move is important.

a small mistake in the price prediction will cause loss. So learning is a must that gives winning.

Isn't gambling more about luck than about skill? With trading, you'd have to calculative and understand the financial market, how does one become a better gambler? By "improving their luck"? lol is that even scientifically possible?

Risk is there whether it's gambling or not, so if you're a risk taker probably learning to trade will be associated with gambling experiences. Expectations for any lucky wins for gambling were only for those amateurs, but for those veterans they only need fun time for their money. If you're lucky then that's destiny and not by any charms.

Some very strange approach to learn to trade.  Poker is a game of chance that can be played either for fun or for small conclusions.  Even to break the bank is not always obtained.

I beg to differ. The risk associated with gambling is not the same as the risks associated with trading. With gambling, you have no controlling factor. You have no prior knowledge about any event that could give you hints about the upcoming event. Like when placing a bet, you previous bets/client seed/server seed all these information are useless and won't help you in anyway with your current bet. But when trading, all previous information are extremely vital and can be used to reduce risks from future trading.

With gambling, you have no controlling factor. You have no prior knowledge about any event that could give you hints about the upcoming event.

Some very strange approach to learn to trade.  Poker is a game of chance that can be played either for fun or for small conclusions.  Even to break the bank is not always obtained.

Poker is not a game of chance rather a game of professionals and can be determine by what skills you have developed before gambling on poker casinos platform's. Poker is not as easy as dice games and others. I prefer to lean poker than to train on how to do binaries trades.

I do not totally agree with this.
A well trained skill-based gambler can actually make consistent wins.  I guess this is why very good poker players could be professional poker players.  There couldn't be poker players who are professionals  if poker playing is purely based on luck.
There are quite a number of gamblings that are skill-based too.

That's the difference when playing Poker and trading. Of course this is very different. And everyone can do both but to get profits certainly not everyone can get easily. Playing poker certainly must have knowledge, if not, you will certainly lose money.

not agreeing with your statement if enough knowledge needed to become a a most profitable in poker then someone can be a millionaire through playing poker itself and I don't think anyone make it just because of their knowledge they might have their strategy to beat the opponent's are there just enough lucky but in trading like you said enough knowledge will get you the profit you wanted.

Some very strange approach to learn to trade.  Poker is a game of chance that can be played either for fun or for small conclusions.  Even to break the bank is not always obtained.

not agreeing with your statement if enough knowledge needed to become a a most profitable in poker then someone can be a millionaire through playing poker itself and I don't think anyone make it just because of their knowledge they might have their strategy to beat the opponent's are there just enough lucky but in trading like you said enough knowledge will get you the profit you wanted.

Some very strange approach to learn to trade.  Poker is a game of chance that can be played either for fun or for small conclusions.  Even to break the bank is not always obtained.

It is a good idea to play poker to improve your skills.I think that trading is a lot like gambling and the only difference is trading has better publicity compared to gambling.

While gambling is considered bad by most of the community trading is considered neutral.However you should be careful as both in gambling or trading you risk to become addicted.

I think Poker and trading are very different. Everyone can trade and everyone can play poker, but if playing poker doesn't have a strategy, of course you will just waste money. And when trading, the easy thing is to buy cheap prices and sell at high prices. Of course trading and poker have different places.

It is a good idea to play poker to improve your skills.I think that trading is a lot like gambling and the only difference is trading has better publicity compared to gambling.

While gambling is considered bad by most of the community trading is considered neutral.However you should be careful as both in gambling or trading you risk to become addicted.

I think Poker and trading are very different. Everyone can trade and everyone can play poker, but if playing poker doesn't have a strategy, of course you will just waste money. And when trading, the easy thing is to buy cheap prices and sell at high prices. Of course trading and poker have different places.

For me playing poker is also can be one of reason to improve skills and about gambling & trading the two is have similarities because you can win and lose while playing gambling & trading..

Poker and trading are different, but both poker and trading can be learned by many people who have the interest to know how it works. But the chance for us to get a loss will be bigger in poker than in trading. If we are losing money in poker, we are hard to recover the money, but if we lose money in trading, we can recover it as long as we don't sell it at the low price.

Aside from publicity the advantage of trading is we can have use skills specifically and just small luck while in gambling what we need is more luck than skills
Well gambling turns bad if you treat in bad ways, but if you know how to handle gambling you’ll find it enjoyable and fo fun actually

Holistically poker look harder compare to trading because am a fan of the two, poker will give you experience and develop your skills to become a professional but for trade, you can get ride of it without experience on it. The very first time I traded, I wasn't haven a good.knowledge about trading but I did it and was able to make some profits from it. Poker is a skill based compare to trade.

Poker is not a game of chance rather a game of professionals and can be determine by what skills you have developed before gambling on poker casinos platform's. Poker is not as easy as dice games and others. I prefer to lean poker than to train on how to do binaries trades.

Poker and trading are different, but both poker and trading can be learned by many people who have the interest to know how it works. But the chance for us to get a loss will be bigger in poker than in trading. If we are losing money in poker, we are hard to recover the money, but if we lose money in trading, we can recover it as long as we don't sell it at the low price.

Well I think both of them are good if you consider one of them risky or better than the other one so you will never be able to choose any. According to me if you have interest in games you can gamble and if you are good at trading you can trade...poker is good game and interesting one but I like trading more than this.

Both 'games' require a cool hand or you will almost certainly lose.
*snip*

Difference is that in poker, you can't choose your hands. But on trading assets, you can choose the setups that have greatest potential for the move without an ante bet.

<snip...>

  For me as well gambling and poker both are different it is not same so winning in both depends on your interest level. If you are happy to trade you can trade it has allot of profit but if you want to gamble in poker you can gamble. For me the only thing that matters is just to make money so I will put my fully best to win in both.

Difference is that in poker, you can't choose your hands. But on trading assets, you can choose the setups that have greatest potential for the move without an ante bet.