Play poker to train trading

[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.

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[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.