Play poker to train trading

[Tytanowy Janusz]

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

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[maydna]

money management and discipline during bidding

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.

And related to trading, I think it also works in trading because you need those things to know the best time to buy and sell and you don't miss any chance to choose the right coin in the market.

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

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.

[swogerino]

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.

[Tytanowy Janusz]

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.

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.

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

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.

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.

[rhomelmabini]

I agree with what you said, trading and poker involves great risk, you don't know when to call, when you want to fold and when to place a bid, you never knew each card has between your opponents or what's next to be flashed. Just like on trading they really has difference with each other, I know you can because of indicators but with volatility of crypto market you still don't know when will it dump.

[imstillthebest]

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

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  .

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  .

[jhongzjhong]

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  .

Nothing's bad in gambling if you know how to deal with it, controlling your self and emotion is the best option that you can avoid that.
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.

[tokeweed]

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.

[Tytanowy Janusz]

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.

They are both same risky if you apply money management well. It might be even harder to estimate probability of winning in poker correctly rather than learning TA indicators which can learned if few days. To play poker as it should be to win you have to do dip research.

[avikz]

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!

[ranman09]

I agree with OP. They are similar to how you can beat them, the market for trading and your opponents in poker. To beat them you need to have discipline and always keep in mind your batting averages. It must be, large winnings: small losses.

[MakeMoneyBtc]

I agree with everyone that trading and poker are very similar but that doesnt mean a professional poker player can have the same great performances if he starts trading and the same thing we can say about a professional trader,wich could be a horrible poker player. Of course poker players and traders might share the same experiences and skills but we have to remember this are two tottaly different domains of activity .

[AjithBtc]

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.

[BitBustah]

The biggest thing for me between poker and trading is pure human emotion.  If you can't stay calm under pressure and control your emotions you will be setting your up for failure.  I believe this can be learned to an extent but a lot falls in your natural personality.

[Tytanowy Janusz]

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.

You are all talking about luck. I'm not talking about single play where luck is main factor. I'm talking about strategy that leads to win after thousands of plays. With thousands of plays luck doesn't matter. You will probably have all possible hands from single pair to Royal Flush (propability of royal flush is close to 1: 650 000, so perhaps without that). Key is to earn from good once as much as possible and lose from bad once as little as possible. And that's money management and discipline that can be trained and used in trading and not only. This skill is usefull in whole life. From relationship to career.

[omonuyak]

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 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.

[rizkyhiw]

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

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  .

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 disagree a little if trading is more difficult than gambling, which means you draw conclusions unilaterally and as far as the knowledge you have, return to knowledge because it determines the breadth of insight and will support all skills from anything, if you want to study management then You will understand in several stages to become a trader and what to do, it's true that gambling is very easy.

And again in my initial discussion, it was still in the same discussion too, just changing the word.

[carlfebz2]

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.

Gambling is considered bad due to possible addiction that it can give out but on general sense it isnt really bad at all since its just an entertainment.It is only how people do treat with it thats why
we do see mostly negative effects on the community.

Comparing Poker to trading,i dont really see any correlation between these two other than on the risk involved but talking on the chance on how to be profitable then they would really vary actually.

[Bitinity]

I cant fully agree with the comparison between poker and trading. Although the main idea is bankroll management but the process is completely different. Poker is a gambling game, there is an instant result unlike trading where the result is based on ourselves. Traders may not lose their money on every decision they make (on buying coins) till they decide to sell what they bought. On other hand, once you make a decision on poker or any other games you should be ready to lose as you can delay the result.

[Oceat]

I totally agree on OP about the bankroll management of both trading and poker but not every gambling game is the same as trading.
There are games that don't give you a good result in the long run and might burn your money and put you on debt.
And the chances of getting addicted to gambling is very high, that's why it is not advisable to play it in the long run if you can't control yourself first.

[Tytanowy Janusz]

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 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 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.

Luck and luck in your posts all the time.
Roulette is the game of luck because in infinity rolls with statistic output you will lose all your money. Because betting on red all the time you will win 18 times and loose 19 times out of 37. That one times out of 37 will burn your wallet. No strategy/system will help to avoid that because every roll is exact the same. The only way to earn is by having luck. In roulette, you play against casino where casino has baseball and you have bare hands. That's why you need luck to win
Poker is different. You play against other player. You both have bare hands.
If you play once your win is based on your luck. But with thousands plays luck does not matter. You will have almost every possible hands so as your opponent. Money management and discipline will be the factor that will let you win 300 times out of 1000 but put out $2000 from $1000 invested while your opponent will win 700 times out of 1000 and exit with empty pockets.

[leea-1334]

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.

[Tytanowy Janusz]

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.

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.

[richminded]

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.

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.

[Ranly123]

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

I think you got your point. Both gamble and traders share the same aspect with regards to handling their money whether they loose or gain in their respective area. Though gamblers have to take higher risk than traders, both of them are risk takers if we were to think of it.

[samcrypto]

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.

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.

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. 

[Naida_BR]

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.

[maydna]

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.

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.

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.

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

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.

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.

I will not do that even if I am very sure that I will win. It makes no sense for me to place a higher bet than the money I have in my pocket.

I think in poker, we can lose all at one time if we can't control ourselves and I think it's part of discipline and money management too. This will be the same thing in trading, if we cannot prevent buying one coin with all the money, yes, we will lose that money when we don't know where the trend wants to go.

[Tytanowy Janusz]

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.

[jvdp]

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.

Your way of comparison on trading with gambling may be good for you but for all the people doing will not be able to follow it in such a way. Percentage of winning and seeing indicators to speculate the price will not be the same anytime.

We may consider it panic hodl or being safer side. Pure luck and ideal move on trading is not at all a same. That is my point.

[spadormie]

In my opinion, the main thing poker can be compared with trading is that the decision making and luck.

Decision making in trading includes these things:

• Should I buy this coin that dumped so hard at the moment and wait for it to go up?
• Should I sell this coin since it reached my target?
• Should I follow the TA given by this expert for me to win trades?

That includes many more. It comes with different scenarios just like in poker.

In poker decision making includes:

• Should I raise the pot and look for the next cards to be drawn?
• Do I have the cards for me to win this round?
• Should I go all in?

When you win trades because of following a TA of an expert and you followed your heart going all in, in poker that's luck and also a decision making made by you. But before making a decision, you must think twice, thrice in order to have a better result for yourself.

[Betwrong]

~
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.

[cryptovigi]

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.

[Zadicar]

~
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.

On making final decisions this isnt only applicable on just trading or poker.This would suit out on all sorts of things that do require good judgment on the final phase.
There are really some circumstances that even how sure you are with your decisions where there are more much better or good than you which in result to loss together with
some frustration.

[Reid]

I thought I am really going to disagree just like you said at first but you did catch my attention to read it all too.

So at the end I said it might be worth the read. Surprisingly it is worth it.

Poker is not really a luck base game of gambling for me.
It is a tactical game and also one who can make hard headed people win a game for quite a lot of time.

I guess it can really match to trading. Also, poker is one good exercise for the brain.

[LUCKMCFLY]

Well, poker can somehow be manipulated very easily without having a lot of money, but in trading you can only manipulate if you have a lot of money.

In poker you can apply strategy but it will always depend on an uncontrolled factor that is luck, when there is no luck you can not do anything, even if you have the best strategy is.

In commerce, there is a possibility that according to your strategy and your market studies, if it is possible to win, if you take advice from books like Wyckoff, Livermore, Tom Williams, Down, because valuable knowledge is applied intelligently in the market , so that the luck factor, would not play such an important role, in this case, it would be volatility, but if it does, understanding the market, the odds of winning are much higher than those of playing poker.

Since the operations combined intelligently with the Strategy, they trigger well-argued criteria about predicting or reacting to the market. The only way to compare the trade with poker is that both try to guess or act randomly, that in both cases the chances of success are very low.

[maydna]

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.

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.

I really agree with the abilities you said because that is the only thing we need to prevent defeat from gambling or trading. Maybe, we don't have the power to do that, but as long as we keep doing it, sooner or later, we can have the ability to control ourselves.

But I will not leave my money just on the table in gambling because I know that I don't have the luck to win the match. But in trading, I still have the opportunity to minimize losses, and even I can try to make a profit even though it is a small profit because in trading as long as we don't give up, we still have the opportunity to turn things around.

[shoreno]

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

Many ?  I dont think so . i think there is only one  . that is both trader and gambler are risk taker    .  both activities are not totally different but they are simillar due to risk that you will be facing  .

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

When you play poker , you will be more confident about the risk that you will face and i think this can be shoulder on your next trading session in which youl be more confident  

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

Why not ?  When you play  poker , you also analyze the cards before you lay it on the table .

[virasog]

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

No doubt trading is as risky as poker for newbie trader but if you have good knowledge and experience, you can minimize this risk to a great extent. On the other hand, there is no way to minimize the risk involved in Poker.
However there is no such case where by playing the poker you can learn trading. Both are separate things.

[Tytanowy Janusz]

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.

Partially I agree with you I see trading more like poker table where n whales are fighting for big money and we, small traders are predicting which one of them will win to join and win with him. I've seen many times those battles on market when big whale push price in one direction and suddenly price stopped high volume appeared and price moved in another direction forcing smaller whale to close position on loss boosting price even further. I doubt that on btc/usdt pair there is only 1 whale who is setting price like he need it to be. Its more like result of constant battle. Maybe on small  <500btc volume coins its like you said.

I even heard opinion that every interval has its sponsor. On 5 min candles small whales are fighting for their profit pushing price in direction that they want. On 1h candles middle whales are fighting on bigger volumes. On 1d candles huge whales are pushing price pumping milions to set it how they want. Enormous whales are fighting on 1w candles, because only on that huge interval they can find volume that is right for them. Funny thing starts to happened when 5 min candle whale is trying to set price how he want it hitting in 1w whale wall.

[Indrawan77]

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

[Betwrong]

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'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.

[bitzizzix]

Playing poker and trading only have similarities but different ways of working, gambling has a very high risk compared to trading and gambling by betting and then playing and trading just choosing coins that are good for trading and waiting.
trading will still have profitable opportunities and very little losses all depend on expertise in analysis, compared to poker gambling or other gambling if it is not controlled it will lose everything in an instant.
definitely has advantages and disadvantages and different ways.

[Tytanowy Janusz]

gambling has a very high risk compared to trading

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.

[guoyu78]

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.

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. 

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.

[beerlover]

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

This is indeed the fact that both of them have no relationship, nevertheless, poker can also be a strategy game and I want to believe that strategy is what they both have in common, poker is not like every other gambling game that is a game of luck.

Even if we can still see  LUCK too plays out in poker but if you have a good strategy, you can be sure of winning which trading too has its own strategy and when traded well, the chances of making it in trading is quite high, when you don’t apply strategy to trading, that is when it becomes like gambling.

[davis196]

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.

[Ucy]

I haven't played poker before but I think it is much harder than cryptocurrency trading from what I have read and experienced. It is possible to make more profit than loses from day trading, even as non professional trader. Is this possible with poker?

[Malsetid]

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.

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. 

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.

What i think makes these two similar is the traits that a poker player and a trader should have when they trade or play. Both needs analytical skills and an extreme amount of patience as well as good control over one's emotions. Yeah they're different as they are but a poker player with good instincts can have a good grasp on how to play in the market.

[Tytanowy Janusz]

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.

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?

[crzy]

gambling has a very high risk compared to trading

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.

Both are risky and we can learn a lot from these two. In poker its a good way to prepare for your trading experience because of the decisions that you will make. Trading is too bad for the shitcoins better to look for other coin who moves in the right way because of the right reason.

[xWolfx]

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

Psychology plays a huge role in Poker too, not only in trading/investing. In fact, i would go as far as to say that it plays a really important role in life as a whole.

Things like news rarely help with small things but they could, for example could anything that happens affects the mindset of any Poker opponent? Could be rain, could be snow, could be another thing?

I truly respects poker because it takes strategy and other things to win. And skill plays a huge role in it. I never considered it to be like trading but it certainly is in some aspects and traits needed to perform them.

[goaldigger]

Nice comparison though. Playing poker doesnt literally train you to be a good trader with having good investment on coins but rather it trains you to have a strong mindset and have a greater analysis which is a requirement to become a wise trader.

[Ucy]

gambling has a very high risk compared to trading

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.

[Betwrong]

~
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.

No gambling is safe per se, but indeed with good money management you can increase your chances of winning in poker. If you've been successful in trading so far it means you know how to manage your funds and thus there are good chances of you being good in poker. Only just don't start with tournaments with high buy-ins or cash games with high stakes, go little by little at first. There are tournaments in which you can potentially win hundreds of USD paying just $2 for the ticket. Start with those ones first.

It's funny that the intention of this thread was to say that you can learn trading by playing poker, and for you it's going to be vice versa.

[Heisenberg_Hunter]

I do agree with both OP and cryptovigi's post. The poker can be more commonly considered as a game of skill and not just a game of luck. Gambling is entirely different from investing or trading stocks or cryptocurrency on the whole. 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. Careful trading will make you earn serious profits but careful gambling in most of the times results in losses. Similarly, a poker game cannot be categorized as a gambling game. They are based on the skill of the player and his professional tactics he has earned over the period of time by playing the game.

Not all poker players are gamblers, they are not risking their money based on the luck. They do believe in their skill and the weakness of the opposite weak minded player. Another note worthy thing is that, serious poker players can make a living like a trader but a professional gambling addict always loses his hard earned money to the rich casino. Some gamblers lose the money on poker based games, but they need to be blamed for that. Winning in a poker is based on his analysis of the opponent, and the ideas he has gained from his previous poker winning experiences.

[cryptovigi]

...
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.
...

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?

[pixie85]

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'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.

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.

[shield132]

Still I don't agree with the statement.
Give me good cards everytime and let's escape with your poker skills, there is no chance. Also when you say you can beat someone in poker, it hugely depends on where you play, online or in real life, on regular table or on very fast one. In real life yeah, you have chanses avoid dependant on luck because you can understand others' emotions but online that's impossible because everyone can sit and go anytime and you don't have time to know their psychology + you can't understand their physical emotion expressions.
Trading isn't skill based too, luck is very important here too, you can't monitor price for 24 hour + using bots can sometimes ruin your profit or lose your chance of far better profit. You also don't know what statements there will be which may affect price, you don't know which exchange will be hacked tomorrow, you don't know which exchange will maybe stop withdrawals, you don'y know if coinmarketcap remove any exchanger from their list, yeah, it still hugely depends on luck.

[rodel caling]

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.

[BeGoods]

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.

[Tytanowy Janusz]

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.

If you would spend at least 5 min to read OP you will know what lesson you can take from poker and apply into trading. If you would read even only last sentence you would know that too.

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

[TheCoinGrabber]

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.

[Betwrong]

~
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.

If you mean Quad Aces, it can be beaten by any straight flush, not necessarily royal. But of course you can tell by seeing the cards on the table can anyone have that combination or not. That's why sometimes in poker you can be 100% sure about the outcome. But then again, how often do we have any Quads, let alone Quad Aces? In most cases it's enough to have a Three-of-a-Kind hand to win the pot, and we can go all-in with such a hand although the probability of winning in this case if far from being 100%.

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.

As you can see, we can rarely be "this sure" in poker either, and that's where good money management comes into play. The amount of money risked should correlate with the probability of positive outcome.

[Ellen Adarna]

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

[michellee]

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.

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.

[Ellen Adarna]

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

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

Your are definitely right that trading has a different way to earn money unlike playing poker because playing poker is a gambling game that you always need to bet a money before you play and gambling is really a good way to earn easy money but it is risky because not everyday you will experience luck in gambling, while trading you are engaging a trade with good or a service and your money is much safer or not that risky. That is why you cannot train yourself to trade when you are playing poker or any gambling games.

[Caladonian]

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.

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.

Just my own cent, if you are playing poker and you have a good cards surely you can bet all in and hope for luck to accompany you, same deal with trading, whenever you've got a good patterned to follow and you seen that indicators are pointing you out to that directions, probably you will also
go all in, and that's for sure how things depends, knowledge upon from what you are doing gives you confidence to decide well.

With OP's last statement, you will lose when you think you'll gonna win, that's for sure apply also in trading, shit happens and trends
reversal kills your positions even you are seeing lots of indications and followed every information you've collected, there's always whales
that can manipulate needs to consider that.

[omonuyak]

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

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.

[redsun114]

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.

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.

[carlfebz2]

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.

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.

[socks435]

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.

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.

Why don't you compare both trading and poker has similarities they have both different in my opinion because if you play poker I'm sure you will lose all of your funds not  same happen if you in trading because I'm sure you will not lose all of your funds and if the dumps happen the coins still has a value and you can be still sold it with price unlike in poker that if you go all without luck you will lose all of your funds.
Many trader's out there is buying at the cheap rate and hold for a long time because only time can tell if they can make profit or not.

[creeps]

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

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.

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.

[TheCoinGrabber]

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.

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'm thinking more about how prices can just plummet over certain news, like what we've seen happen with Bitcoins and China before. There are less factors to consider with cards games. Both have their own unpredictability.

[Tytanowy Janusz]

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?

Interesting experiment. I've heard about it when I was learning TA. It throws different light on all of those who are claiming that trading (in contrast to poker) is based only on strategy, technique and experience and there is no luck involved. Of course it is. Without luck, you can do best analysis and still be hit by a whale.
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.

[Betwrong]

~
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.

[Tytanowy Janusz]

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.

Agreed. thats the point of the whole topic and thats the attitude you can learn much faster in Poker than in trading and its usefull in whole life. Be ready for a punch no matter how sure of winning you are.

[coinhunt]

I think you are right likening poker to trading and give good ground of it. Both poker and trading are very risky activities, not everyone agrees to take it. I have never played on real money nor traded because I can’t accept losses like something normal. I am a crypto enthusiast who believe that it will change our world, a gamer, and currently learning Javascript frameworks https://habr.com/en/post/440992/. Today developing apps is more profitable than risky.

[justdimin]

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.

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.

[Tytanowy Janusz]

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.

It's not about every gamble game. Every game with house edge where you fight against casino i based only on luck. Every strategy will only decrease your probability of winning. There are only a few games that develops skills useful in trading. One of them is Poker.

Successful poker player with developed money management and discipline will be excellent trader. Successful trader might not be excellent poker player because money management and discipline is not developing that fast in trading (average poker player is better in those than traders). That's why i posted in OP that it is good to train those skills playing poker to learn them faster than during trading.

[nakamura12]

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.

[neonshium]

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

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.

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.

Yes, both of these areas have their own uncertain nature and are not very easy to be comprehended but do not you think that there are certain similarities in between trading and gambling like you play against an opponent in both games. In case of trading crypto, it is against the industry and in case of gambling; it might be another individual or the house.

Again, experience helps you out in both the arenas and you take risk in both areas. So, looks like if you are capable with one, you should not have a problem with the other.

[jademaxsuy]

Yes trading may also be the game of luck depending on how good your senses are and how accurate your references may be that could definitely be the basis on how the market will move. There are good crypto news resources and this could help one in trading. So, trading is more easier compared to playing poker. Playing poker is all about self instinct without news that could help you on you make your decision. But, sometimes you can take advantage on poker by doing some weird stuff or calling huge amount of money so that they will feel intimidated with your cards.

[xWolfx]

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 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.

[XinXan]

Trading is based on Technical analysis but can also be based on fundamental analysts, some of the biggest and most successful traders out there are usually fundamental analysts like warren buffett which is certainly the most famous one. He bases his investments in fundamental analysis and it is certainly working for him. So I would have to disagree with you.

[FIFA worldcup]

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.

Apart from the points mentioned by you , nothing is similar between poker and trading. You don't find chart, analysis, candle sticks, trading views etc which help to do perfect trades. Only one thing is common in both trading and poker and that is how to manage your portfolio and money.

[mersal]

Probably you are right but creating needs Intelligence and time management then only it will be successful but in gambling it will not be necessary much more than trading that's why trading and gambling is different in every situation.

[akram143]

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

[playboy654]

It gives. the confident for the traders to make experience like this type of way also but everything is like practical only doing that thing in real life will always giving different kind of experience especially in trading it will be more difficult to stay alert in every time on time management is more important in creating field

[Tytanowy Janusz]

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 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.

You are all misunderstanding investing with trading. That's different. You are investing in fundamental when something is undervalued on market due to its fundamental value. You are prepared for long time hold.
Trading is based on short term speculation and chart analysis. It requires money management and discipline together with objective assessment of the situation. Trader will put his money into overvalued asset knowing that it has higher possibility of growing. Investor would not do that.

That's why good poker player will be good trader because skills that are the hardest to get from trading (money management, discipline, objective assessment of the situation)are easy to get in poker (faster reward/punishment for every good/bad move). You can learn TA in 1 week, that's not the factor that separates earner from looser.
Good trader will not be good poker player because skills that are useful in poker are harder to master in trading.

[Malsetid]

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

Experience, self control, getting your emotions out of the way and patience. These qualities are what determines your result both in poker and in trading. So yes, i believe poker is a good way to make yourself comfortable with situations you'll find in trading and to develop traits needed to be a better trader.

[bering]

Both clearly different because poker can identified as gambling but trading although the risk are equally same but trading cannot including as gambling and regarding OP statements if i think again indeed both have similarities such as required skill, knowledge, good mentally to decide further steps and this is necessary to ensure you're not lost and the most important is we can earn money from both of them

[adamvp]

Yeah Tytanowy! You are right, both in trading and poker are (although in technical details different but in principles not) almost sacred rules:
risk management and loss cutting
and in both it seems to be a hardest part to learn

[Ucy]

Fundamental analysis doesn't work so much on cryptocurrency trading these days but I agree with you that this aspect makes trading playing poker a bit different.  I read they do some poker analysis too. Wonder if that can lead to victory or not.

[Tipstar]

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.

[ethereumhunter]

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.

[Viscore]

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.

[Oilacris]

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.

[skivrmt]

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.

Experienced poker players have a good self-control and patience. There features are also required in trading to be successful. That's why poker and trading are compared.

[joshy23]

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.

[Tungsten-1]

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.

Yes there are similarities and there could be scenarios in which you could use the skills that you have developed in Poker to make good decisions at trading. But of course in order to be instrumental at making the right decisions at trading your crypto, you need to have the trading experience and for free, you could have it from sites that offer you demo trade experience.

[redsun114]

Dude you're just beating around the bush and you don't know what you're saying. There is nothing that trading and poker has to do with each, cause they are both two different and learning doesn't mean that you're learning trading as well cause you're making a big mistake. 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.

[Tytanowy Janusz]

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.

Hmm. You are right. I will ask an expert ... the closest one is in my room and it's me since i'm earning for living for few years trading on stocks and crypto market. If you think that trading is different because you have TA you know nothing about earning on market. TA is less than 10% of what you need to know (or who you need to become) to earn on market. You can earn TA from 1 book after 1 week of reading. But it will take you years to earn on market constantly. The Hardest skills to get - money management, discipline, ruthlessness, cunning are the one that you can train faster while playing poker and apply them into trading. And that's what this topic is about. You would know it if you will read it instead of shitposting after reading OP title only.

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.

If you think that you will learn how to trade after "research with Google" than you are right .... none else on whole world has google so it will give you huge advantage over others. Poker and trading are zero-sum game so you will not earn if other won't loose (you will not earn if you are not better than others)

[Dontme]

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.

[DoublerHunter]

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.

[tokeweed]

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.

Quoting this post to show everybody that this guy is clueless and has no idea what he's talking about.  Seriously, stop it.

[panjul07]

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.

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).

[Noilee]

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.

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.

[TopT3ns]

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.

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.

Maybe this thread is something to help us control our emotion. Actually play poker itself, no need to use money because a lot of casino and we can train our emotion there. or maybe if we really can do poker in training we can try to gambling and try our luck and strategy. 

[spiritu]

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.

[Nellayar]

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.

If they celebrate before the cards open, they can't grab huge amount of chips. They are too silent and normal when it comes in facial expressions whenever they are win or lose. Poker players don't play using their emotions, unlike in trading, we can feel if the coin will push its momentum or change its direction. Even you are pro in poker, you cannot use 100 percent your skills in trading.

[michellee]

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.

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.

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.

[adamvp]

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.

It is not a thread about playing poker and trading at the same time, with similar engagement but about playing poker to LEARN trading..
And as I said previously it is so much important  to cut losses and to manage risk well - which plays a big role in both poker and trading.
So if you learn to play poker well  you should have success in trading, too

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.

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.

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.

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

[DarkDays]

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

Love the quote.

That being said, although Poker is definitely good for helping teach you how to manage your money, play by the numbers and leave out emotion, it's certainly not as effective as simply learning how to trade.

However, I do think that expert poker players would almost certainly make great traders, though Poker is a much slower game than trading the crypto markets.

It might actually be better to learn how to trade first, then move onto poker, since the game would be practically inherent at that point.

[iMark]

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 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

[michellee]

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.

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.

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.

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

Yes, I admitted that margin trading becomes popular now, but I see that many people don't learn more details about margin trading and they only trade in an instant way. I think that will be the same as gambling because when they trade in margin trading without having skills, they only risk their money without any clue or information about where the trends want to move. I will not suggest them to trade like that because soon or later, they will lose their money.

[omonuyak]

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.

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.

I can bet that 75% of traders don't play gambling or poker. The two involve risks but that do not mean that trading is the same as poker except in the aspect of emotional control. I think many people learned how to trade by attending training class and that is the most reason I think the two cannot really help each other except in emotions.

[swogerino]

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.

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).

Poker play only increases your analitycal skills in poker and not outside of it.By playing poker you are limited to only this environment and you cannot apply this knowledge you gain from playing poker in other areas,there may be similarities but I don't think poker knowledge can be applied in trading as trading has many factors to count in before deciding what to do.

[Dreamchaser21]

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.

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.

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.

[joshy23]

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 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

Guess its person perceptions if they can compare this two stuff, there's no problem if you think you can relate the two trying to improve your skills,
understanding the flow of the game will also reflect on how will you manage to work  out with your skills and achieved your goals inside trading industry.

[btc78]

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

[Nellayar]

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.

Definitely yes! Many people already treat trading as gambling. Some of us knows the environment of trading. And it really looks like a 50/50 percent chance of winning rate. Though, trading is more difficult than gambling, there is also a possibility to have profits in trading. Gambling only needs luck and skills in betting. Trading needs time and discipline.

[playboy654]

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

Not completely because in trading the result can be guess but on gambling its completely unpredictable until the result known.On games like sport betting the results can be manipulated so we cannot always rely on the luck if we are small hand but on poker our skills plays the big role than how big our money is.

[iv4n]

I`m saying for years here, gambling and trading are pretty much the same thing. You risk, you win or lose, you do all over again. It can be fun, it can be entertaining, it can be a lot`s of things, but in the end all that`s count is profit you make or money you lose.
What ever gambling game you play, what ever trading strategy you use, with time and with learning from mistakes you will sharp your skills and start to make profit in one moment, or you will lose all of your money. Just the strongest survive.

[jhonjhon]

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.

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.

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.

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.

[Betwrong]

~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.

No one is saying it is necessary, but it is definitely helpful. Some people in this thread saying you can't compare the two because poker game is much faster, but I disagree with that. Some poker tournaments can last 3-4 hours and more, and such tournaments really are a good platform for improvement your money management skills. Firstly, in some cases, you can earn up to 10% in just 3 hours while trading. Secondly, you can extrapolate your behavior during a 3 hours' poker tournament to a 3 days' trading period, risking the same percentage of your balance at the respective stages.

[Cherylstar86]

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.

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.

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.

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.

 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.

[Dontme]

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

Yes you cant predict what will be the card you will get that it needs luck sometimes to win the game but I think the strategy will always be a must to win the game why? Because it's like this' even how beautiful the opportunity to your life is when you don't move and grab it you can't have it. Same as gambling if you have a good cad then it was your time to give the best when you have bad card then still try, use your strategy.

[skivrmt]

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.

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.

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.

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.

 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.

I think that being a professional trader or player is not only about skills and experience. It's also about ability to deal with a big losses without losing self-control and draw the right conclusions.

[Ucy]

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

[adamvp]

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.

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.

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.

There are few kinds of trading: day-trading  swing-trading,  long-term trading, scalping.. in day-trading and scalping you have to make decision very fast - like in poker.. and you see to learn trading you have to focus on trading learning - but  I would like to compare things with sport. There are quite common cases when sporstman complements their main training with additional activities (f.e
 Formula one  drivers are starting in WRC quite often and sometimes they are training cycling etc..) so you can train poker to improve your skills

[joshy23]

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

Good crypto traders always find ways to try getting benefits from each situation inside the market, there's no bull or bear but they are always finding moving coins to invest and to have a good use of every movements.
But in terms of gambling, again it will be a psychological interpretation whether to use this practice to achieve.

[RivAngE]

Why poker? This gambling game is far from what trading is like.
Sure, there are people who consider even trading to be gambling, but poker requires is about calculating odds based on the info you slowly receive, reading your opponents and outsmarting them.
Trading is about product research, market research, timing and evaluation.

Totally different things.

[partysaurus]

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 dont agree at all, the only real thing i can see that are the same is how you should treat the money you use, and have proper risk managment to not lose it all in one bad luck move.

[jademaxsuy]

Yeah I can relate to this as I have played poker too and it will challenged one to gamble or calculate risk in order to gain. Thus, the steategy to take is very crucial same as when one do marginal trading. But, in my case I would rather hold.and see clearer profit rather than risking and in the end losing money whenever trading fails.

[Jjewelle29]

I think playing poker It is a good idea if you want to improve your skills more and sometimes porker it is about luck of cards. If the two will combine there is always a big chance to win.

[nikola22]

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

[hahay]

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

Yes it is indeed different, but if you realize about controlling emotions, at least you can learn from gambling. In gambling self-control and emotions are very important just like when you trade, so in this case if you are able to keep emotions good then panic and greed will be handled well too.

[MFahad]

Well I do agree with you that both are unpredictable, also i agree with you that trading and poker both are same, if you think that poker is same like trading then you could say that the whole gambling is same like training. Actually, in my wise, every game of gambling is same like trading, we take a risk and till the end, we don't know that we could win or loss, and sometime during the playing we think that we could win but in the end the result is different, so same situation in trading.

[Betwrong]

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

From your post it may seem like making money during a bullish market is easy, but that's not true. No one knows when the bullish trend ends and when the bearish one begins. Any trader, experienced or not, can lose with trading, because each situation is different, and this fact is probably the only certain thing one can gain from their experience.

This post(OP) makes sense today too because it's not about predicting the future in order to have positive outcomes, but rather about money management. A good money management technique can help you to win in poker in the long run, and it can help you to earn with trading within several days, or at least not to lose a significant amount.

[TheCoinGrabber]

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".

[Yudhisthir]

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.

[Nellayar]

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.

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.

The OP wants to address is that the poker and trading are just the same. They have the different style to win but we have the same technique we will use. Trading and poker need to have analysis when it comes in execution. If you will make some mistake in the execution, definitely they will lose. I am also a poker player and I think it has relevance with trading also.

[leowonderful]

You're always eventually going to lose; the thing is, if you're prepared to weather a loss should it happen (you should obviously be trying to avoid one as much as possible though) then you are in your road to becoming a successful trader or poker player. In fact, if you manage your trades correctly and with proper risk to reward ratio, you can be wrong somewhat often and yet still be profitable. You still shouldn't be comfortable with losing, as being just a bit nervous can keep you more alert, though.

[michellee]

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".

Then you don't have to play poker if you know the consequences so you can save your money for another thing. Playing poker is true needs a lesson, especially if you want to be a pro poker player and you can find so many lessons on the internet to start to learn. But always remember, you don't have to play in the real games to learn because you will spend much money to understand how to play poker with good.

[Ryker1]

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.

[Capt00]

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.

[imstillthebest]

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.

in trading you may say that your confident because you pick the right coin but there is still a tension when deciding because you wont hundred percent know if the coins that you hodl will rise or will fall , that is the same as playing a poker game which is also unpredictable until you open your cards or until your openent open thier cards . luck and strategies are both required on poker and trading .

[mirakal]

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.

[Johnzky]

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.

Well I am not a poker fanatic in online gambling since it’s harder for me to find strategy to win,but in real poker I love to play since I have good history of winning in local gambling

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.

And also needs some luck sometimes to succeed,because big player may distract our strategy with their  interference

[Polar91]

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.

[mersal]

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.

[Capt00]

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.

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.

[Dontme]

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 have not yet experience playing poker but what I can see to others it that yes it's very similar to trading. Similar that it is very risky. Needs effortd time and think about it carefully in order to win the game. They are the same difficult and not easy. Well, in my opinion as long as you are learning something you can learn it soon and become successful on that.

[Irvinn]

Of course, many people see many reasons to find similarities between gambling and trading.  But from my own experience I was able to understand that gambling always guides the player emotionally.  Thus, Emina’s excitement is in control of the situation, not the person.  But if we are talking about trading, then you need to initially set a goal for your work and then use all your experience.constantly need to calmly respond to all situations in the cryptocurrency market and never give in to emotions.  At the same time, the excitement in the trade can play a cruel joke with you.

[mersal]

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.

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.

But we have chart and lot of indicators to analyse the market while doing trading but while gambling nothing helps though.

[Best Dreams]

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.

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.

[udidrone]

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.

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.

[Tungsten-1]

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.

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.

Yes you are right it is very important to have knowledge about both as trading is profitable ad it is best way to make money at the same time, gabling will give you mental relaxation along with profit, so both are good but you cannot focus on both at single time, when you are gambling then focus on gambling and if you are trading keep learning about trading.

[proTECH77]

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

That's exactly my point because this would have suited the bearish days and not when the market has gained dull momentum. Trade still remains the ultimate compares to the gambling industry because gambling is more of luck than gambling for win. Trade is my favourite and had made some profit from it few weeks ago.

[michellee]

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.

[Betwrong]

~
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.

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.

[Spaffin]

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.

[Altero]

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.  

[covfefe_]

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.  

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.

[JohnBitCo]

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.

[omonuyak]

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.

That is it! Poker and trading are two different things and we cannot use the knowledge from poker for  trading and you will not succeed in trading except you are ready to learn and transmute what you learn into investments decisions. The two may look common but there are two different things that combine the two will make you lose in trade as the approach are not the same.

[ethereumhunter]

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.  

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.

[Oceat]

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.  

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.

So far bluffing works everytime even if you have a pro gambler in the table as long as you master the art of bluffing. Believe me, you are more than this pro gambler if you master the art of bluffing, this includes the power to mislead your opponent and be less predictive to your every move.

[Jjewelle29]

 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.

[jakoylantern]

For me, yes it can be useful to some other ways. But in poker, if you bet that kind of amount, it's on compared in trading because once you change in mind, you can still pull out your money or stop the trade and again analyze your move compared to poker that the time is much quicker.

[lienfaye]

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.

[Betwrong]

~
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.

[swogerino]

~
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.

This is almost impossible as luck will always be present in both activities.While they may relate a little in poker you and only you are responsible for your gameplay and you are only limited to the table you are playing where your skills decide the outcome of the game.

In trading is different as many outside factors decide the outcome of a trading pair so I would not play poker to train for trading as it will not work in most of the cases.

[michellee]

~
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.

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.

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.

But in poker, when you can get the right card, for example, a flush Ace, that will be a chance to win but you cannot always get a flush Ace and that will not happen in all day.

So the point here is no matter you try hard in the gambling, you still need the luck to win. But in trading, as long as you can select the right coin, you can take a profit many times and to get the right coin, you must analyze one by one and that is not easy.

[syamster]

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.

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.

[legendster]

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.

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.

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?

[onrise]

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.

One of the common things in between that more experience you have the better you can play in poker and trade well. Luck factor is their but again the strategys is more important which helps you to get the money from it and not completely luck based like slot, roulette etc.

[Hippocrypto]

Trading is decision making just like with poker at the same time you need to be more observant while on the wave of your decisions. If you're pressured with trading sometimes, it's possible to encounter same scenario with poker specially those crucial situations that really need of an analysis. Reading the probable results based how read in mind of those people around you, doing favors based on how your compliment with them, and once your successfully passed the challenge then you'll be a great trader at the same time poker player.

[DarkDays]

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.

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?

You might not get a serious answer here but let me tell you about some incidents that might give you a clearer picture. Go learn about the  Lawrence DiCristina case in 2012 where it was shown in court about the sheer number of top performing players that were consistently winning at poker while the rookies were constantly losing. And this was all online data so no face reading kind of thing played into the data. You can read more about the debate here : http://discovermagazine.com/2016/april/12-game-on I hope that answers your question. Gambling is not just about luck. It is hugely misunderstood.

[Betwrong]

~
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.

You can apply this strategy in poker as well. For example, playing Cash Games you can quit any time you want. You can win, say, 50% of your balance, and quit the table right away. It's possible to apply this strategy even playing in tournaments. If you see that you have won enough chips to take places that are paid in the end, you can stop playing, to get, although a small one, but still a prize in the end.

[logicgate]

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.

  I think there are striking similarities between gambling and trading crypto. It is like the duopoly competitions in the market and the monopolistic competition in both of which we have the game theory strategies and concepts. Poker teaches you to make the best out of a single move that could benefit you till the end of the game. In trading, you have to be the sharp guy because a mistake could lead you to loss of value.

[maydna]

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.

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.

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?

I don't think they can improve their luck because we know that luck only comes to the right person. So if that person doesn't qualify to get lucky, then he cannot get any winning. Besides that, gambling will only make us lose money than to get the money. But I don't think that if we can focus on gambling can give us a chance to win because no matter what we did, the luck still takes the important place in gambling. So it is not better if we try to make money from any gambling games because we have a risk inside the gambling.

[adzino]

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.

[Barbut]

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.

Risk is a risk in the end! They are different but in essence, it`s the same thing. I can`t agree with you about controlling factors in gambling too, you can`t think about gambling as one game, every game is different, every game has different factors. BlackJack, Poker, other card games are not the same as dices or roulette, all these games you can`t compare with slots. Previous bets are important, open cards on the table can help you to assume what cards are left in the deck and what you can expect... there are so many variations, I can`t explain to you all that in one comment, you need years in that to understand it.
You are wrong about one more thing, previous information`s about the project and price isn`t extremely vital, many times price dropped/raised without any visible reason.
Same as you can reduce risks in trading, there are ways to reduce them in gambling.
Skills, patience, knowledge are things needed for everything. You can learn them however you like, and you can use them later where ever you want.

[shoreno]

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

poker is not easy . i dont know how to play poker but i know how to trade even though i dont have any experience with real time trading    .

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

keep in mind that prediction is called prediction because its not accurate  . its  okay if you loose but whats more important is that you have gained your lesson  . a lesson that you should not be in a hurry when deciding  . learning is a must but we also need some luck to be able to win properly .

[Ucy]

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.

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.

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?

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.

[maydna]

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.

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.

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?

I don't think they can improve their luck because we know that luck only comes to the right person. So if that person doesn't qualify to get lucky, then he cannot get any winning. Besides that, gambling will only make us lose money than to get the money. But I don't think that if we can focus on gambling can give us a chance to win because no matter what we did, the luck still takes the important place in gambling. So it is not better if we try to make money from any gambling games because we have a risk inside the gambling.

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.

Although you are a risk-taker, you need to know your chance to take the risk and don't gamble with the risk because you are not always getting what you want. And related to gambling, it is not worth if you use big money to gambling and risk your money to expect a big win. No matter if you are amateurs or veterans, you don't have to chase the win money and it is better to have fun and enjoy your time. But if you still want to chase the win money, you should know how much money you will use.

[Betwrong]

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 only partially a game of chance. Unlike most of other games, poker requires skills to win more games than you statistically can. It's true that you can be a winner within several games without any skills at all, but the more games you play the more obvious it becomes that skills matter in poker. Same goes for trading. Read this thread and you'll see that there are good reasons for regarding poker game as a training platform for trading cryptocurrencies.

[Ucy]

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.

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

Reply to adzino

Depends on the kind of gambling. Sports betting for examples  allows one to have prior knowledge of past events, achievements or past skills to make a close predictions.
I think many skill-based gamblings(which sports betting is part of) are like this

[BUK2016]

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.

[Barracuda]

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.

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.

[Best Dreams]

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.

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.

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?

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.

You have valid point mate, it is good if you learn from your mistakes as in gambling you will win and lose it is depending on your own self, if you gamble well you will win and it is not all about luck as only 20 percent of your winning depends on your luck otherwise it is skills based game, and if you are trading it is all about knowledge the more you will have the more you will profit.

[jrrsparkles]

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.

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.

[Best Dreams]

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.

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.

Yes surely poker is an experience based game and for this we will need proper time to spend for learning about poker at the same time trading needs allot of knowledge so it will be hard to maintain both at the same time, better get experience with the one you like the most then try trading after once you earn from playing poker.

[boyptc]

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 find it strange as well, I thought it's about playing poker and train to become better but that's not it.

But reading the whole explanation of OP, I find it interesting because there's a connection and his words has sense.

[yvesp110]

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.

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.

I believe there is slight similarities between poker and trading. And this is why if you are able to perform well at poker, switching to trading might be easy as well. Poker prepares you and trains you to coup with the challenges put forward by opponent while in trading, you perform the same procedure against the market so yeah, and you might feel a bit good and efficient in trading if you are good at poker.

[noormcs5]

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.

Try to compare poker with dice and you will know that poker is not only based upon luck. If you understand and play poker more you will become more expert in poker. This is not true for other gambling games especially dice etc.
but understanding trading is more complex and poker is relatively easy to understand.

[Barracuda]

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.

[Jjewelle29]

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.

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..

[Betwrong]

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.

If trading was so easy no one would lose money with it, but this is not the case. It's actually hard to say whether the price is "high" or "low". Like right now, for example. Is $10k for 1 BTC a "low" price? Should we buy at this price? And if the answer is yes, then should we spend all the money we have or just a part of it? And if just a part, then what part? 1/10? 1/5? 1/2?

Same goes for a poker game. If you have a straight, should you call a raise? And if the answer is yes, should you risk all your balance or just a part of it? ...

As you can see, there are similarities regarding money management, and this what almost all this thread is all about.

[Johnzky]

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.

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

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.

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

[ethereumhunter]

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.

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.

[proTECH77]

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.

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..

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.

[Ryker1]

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.

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, this could be right because playing card and choosing coins to trade is different. Opponents mindset is different from the fluctuations of cryptocurrencies. Maybe poker game is having 1 similar on trading and that is strong guessing against the possible happen which is end up of luck. Indeed, trading is base on unpredictable and poker might on skills of strong guessing.

[omonuyak]

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.

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

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.

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

That has been my views too! In gambling what we should be concerned of is luck because you don't need any skills to win but in trading, you actually need skills that is how to interpret the market both technical and fundamental and make informed investment decisions. Never compare the two except in the area of risk and reward.

[Best Dreams]

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.

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..

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.

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.

[leea-1334]

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.

Yes,,, I would agree that it is a very strange approach but I suppose every creative way is going to seem strange at first. I bet when the first people started to learn Fibonacci or whatever tactics, people must have thought it was crazy to think trading markets had patterns but then,,, a lot of people can be successful at using numbers just to trade.

Poker is a game of chance, though,,, for sure skill plays a role but you need good cards to win still!

[MonsterV]

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.

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.

If you talk about risk, poker and trading actually have the same risk, because when we do not have the ability to trade or play poker it will cause losses. The main thing we must have in trading and playing poker is ability, with good ability we can reduce risk.

[syamster]

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.

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..

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.

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.

Exactly the interest and demand of the user matters allot of you think that gambling can give you good earning you can use gambling but for gambling you will have to have allot of knowledge and information. In poker you only simple enjoy the game but winning depends on your experience and your skills.

[o48o]

Most traders i know have a poker background. I still don't know what should i make of that. Is it because trading is similar to gambling or does it just attract the the same type of people? As the trading (especially leverage trading) has the same kind of rush as in gambling...

[STT]

Both 'games' require a cool hand or you will almost certainly lose.   Thats the easy correlation between the two, trading is definitely an activity that tries to trick you into a loss.   Its just how markets work and you have to step outside that hustle and bustle and observe the most reasonable risk/reward path.   I think poker is quite similar in punishing those who lose the thread of the game and just react only.

[o48o]

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.

[logicgate]

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.

  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.

[qwertyup23]

<snip...>

While I do respect your opinion, I still view poker as something that is more randomized compared to trading due to a number of reasons.

First, poker is a game wherein cards are randomized by a deck of cards with someone dealing the cards. Depending on the cards shown on the table, you make your bet pairing your hand. If you think that the pool is weak, you can discard your hand and wait for the next deal. On the other hand, you may also play the bluffing game by letting the opponents think that you have the strongest set of combinations of cards paired with the existing pool.

But what separates poker from trading is the manner of risking such. Although both have risks that are difficult to manage, in trading you rely on historical data, market situation, external and internal news in the country, etc. as it is multifactorial. Someone who is not knowledgeable in gambling can win loads of cash purely by luck. In trading, I doubt that happens since even experienced traders get bankrupted at the end of the cycle.

[Fredomago]

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.

  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.

It's your interest that will bring you to earned from both sides of venues, trading and gambling can bring outcome that you intend if you learned things that you need to have while playing or working around, remember skills can be enhance each time you manage to execute new strategy inside poker
so with trading, every opportunities to execute working system will bring good outcome.

[virasog]

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.

So basically poker is not fully in our control but trading is our full control. We have complete control on which coins to pick for trading. In poker, 80% of the game is dependent on the luck while in trading we have 100% control on the altcoins selection and if we sell and buy right, we shall definitely get more profit from trading.