If you play poker, you will know that it is all about probabilities. How do the top poker players in the world stay consistently on top? If it's purely based on luck and chance, there must be something else these people are doing differently that sets them apart from the rest of the retail gamblers who just hope the cards (stock market) go in their favour.
So how does this apply to trading stocks? Well, in my opinion, the key to success when playing poker or trading is all about managing risk. I can't stress this enough!
The Table
One of the key factors that influence a poker player's decision is the number of people still in the hand. Not only that, they also anticipate how each player would reach to the different decisions that could be made. They then evaluate the different outcomes and execute the best alternative.
Similar to the stock market, you have to understand the general market sentiments and how you can utilise them to your benefit.
Going On Tilt
The Table
One of the key factors that influence a poker player's decision is the number of people still in the hand. Not only that, they also anticipate how each player would reach to the different decisions that could be made. They then evaluate the different outcomes and execute the best alternative.
Similar to the stock market, you have to understand the general market sentiments and how you can utilise them to your benefit.
Going On Tilt
Some times you get dealt a hand that is rubbish. You know you should immediately fold (throw away) the hand without a second thought. But some of us will continue to bet with such hands because of "tilt".
"Tilt" is defined by UrbanDictionary as
Gambling term (most common in poker) describing an angry or "reeling" state of mind usually caused by a big or unlucky loss. People playing on tilt play below their usual ability and usually make larger and more aggressive bets to try to quickly recover their loss.Just like the stock market, sometimes after a losing streak, humans will go on "tilt". They will take trades that they usually wouldn't just to cover their losses. This emotion is a very powerful one that can overwhelm us to make stupid decisions, which will only cause more damage to your account.
Most poker players will look at their 2 cards dealt to them and have a pretty clear idea what they are going to do with it immediately. Within seconds, they analyse the number of people who are still playing, the risk involved, etc.
Just like trading, you have to be able to recognise a setup quickly. Whether you should long, short or even do nothing, all these will have to be clear to you or your trades will be inconsistent and subjective. If you can develop a trading plan that is objective and straight to the point, you will be less likely to trade with emotions and follow that trading plan of yours.
Going All In
If you're an amateur poker player, chances are you will not go all in on a single hand. You will only do that if you are very certain that you have the winning hand.
Similar to trading, if you're new to trading, you will never risk your entire account size on one position. Instead, we diversify our risk by taking up multiple positions. Even if you are a seasoned trader, it is very unlikely that you will risk your entire account on one position because there's just no way to be 100% that the stock market will go your way.
What do you think? Is trading and playing poker similar to you? Leave your thoughts in the comments section; I'd love to hear your views.
As always, happy trading.
Cheers.
If you're an amateur poker player, chances are you will not go all in on a single hand. You will only do that if you are very certain that you have the winning hand.
Similar to trading, if you're new to trading, you will never risk your entire account size on one position. Instead, we diversify our risk by taking up multiple positions. Even if you are a seasoned trader, it is very unlikely that you will risk your entire account on one position because there's just no way to be 100% that the stock market will go your way.
What do you think? Is trading and playing poker similar to you? Leave your thoughts in the comments section; I'd love to hear your views.
As always, happy trading.
Cheers.
The beginning. When playing Texas HoldEm poker, every player is dealt two cards face down – these are called your 'hole cards'. Then there is a round of betting where you can Check, Bet or Fold. This stage of the game is known as pre-flop and what you should do is dependent on those hole cards, or starting hand. Perth Poker
ReplyDeleteThe New York State Senate passed a bill that would legalize online poker in the state, Play Pokies Aristocrat
ReplyDeleteThanks for comment
ReplyDeleteThe operation can be effortlessly set up and initiate instantly. The proprietor of a sole merchant business has full control over the organization where the proprietor can choose the path in which the business can be led. The sole dealer proprietor has the power to rebuild and break down the organization at whatever point it suits. Aggressive bet
ReplyDeleteThat last word is not usually mentioned in gambling circles, to be honest. It is one of those tags that society in general uses to label some people and to be frank, sometimes it is overused, giving card games such as poker a bad name. Yet the reality remains. There are people who get hooked too much and cannot control themselves, leading to the erosion of his relationships and life in general. http://kokoqq.co
ReplyDeleteAwesome share post....Really looking forward to read more.
ReplyDeleteagen poker
agen poker online
poker online
dewa poker
dominoqq
nice article... allow me to share it
ReplyDeleteagen poker
agen poker online
domino99
poker online
judi online
Thank you for allow me to comment in here
ReplyDeleteagen poker online terpercaya
gudang poker online
situs poker terpercaya
domino99 online
blackjack online
This comment has been removed by the author.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteHello Gais Apa Kabarnya nie..'
ReplyDeleteSekedar ingin memberikan info nie..
Aku Mau merekomendasikan website pertama di indonesia yang memilik 5 server Dalam 1 website.
WaooooOO..''!!!!Pasti pada penasaran kan??
Gimanasih tampilan dan game nya,?''Pastinya sangat asik dan cukup asik''
yukk...!!langsung saja di kunjungi Alamat websitenya Ada dibawah :
gudang poker online
situs poker terpercaya
domino99 online
This is my first time i visit here. I found so many interesting stuff in your blog especially its discussion. From the tons of comments on your articles, I guess I am not the only one having all the enjoyment here keep up the good work situs poker
ReplyDeleteThank you very much for this useful article. I like it. situs judi bola
ReplyDeleteI have read your article couple of times because your views are on my own for the most part. It is great content for every reader. pokerqq
ReplyDeleteVery informative post! There is a lot of information here that can help any business get started with a successful social networking campaign. pokerpelangi
ReplyDeleteJoin the PokerVIP forum to discuss everything from strategy and support to general life. Our forum has vibrant and varied discussions on a wide range of topics. forumjudi303
ReplyDeleteCasperqq.com Situs BandarQ Online Terbaik dan Terpercaya menerima pendaftaran Judi Poker Deposit Via Pulsa Telkomsel, XL, Axis, Poker pulsa Online indonesia Terpercaya Tanpa BOT.
ReplyDeleteJudi Poker Pulsa
Bandarqq Online
Poker deposit Pulsa
Pulsa Telkomsel
Poker Terpercaya
PROMO KUSUS DI BULAN INI!!
ReplyDeleteJANGAN LEWATKAN KESEMPATAN BAGUS INI, KESEMPATAN BERGARANSI TERBATAS BULAN INI.
BONUS DEPOSIT UNTUK NEW MEMBER UP TO 10%.
BONUS REFERENSI 10% + 10% TANPA SYARAT (SEUMUR HIDUP)
Buruan ayook klik alamat Link dibawah ini:
Poker Deposit Pulsa
Agen Poker Pulsa
Judi Poker Online
BandarQQ Terpercaya
Poker Online
Poker Pulsa
CasperQQ Situs Domino QQ Online Terbaik dan Terpercaya menerima pendaftaran Judi Poker Deposit Via Pulsa Telkomsel, XL, Axis, Poker pulsa Online indonesia Terpercaya Tanpa BOT.
ReplyDeleteSitus Domino QQ Online
Judi Poker Pulsa
Poker deposit Pulsa
Pulsa Telkomsel
Agen Poker Terpercaya
Excellent article. Very interesting to read. I really love to read such a nice article. Thanks! keep rocking. situs togel pulsa
ReplyDeleteThanks for a very interesting blog. What else may I get that kind of info written in such a perfect approach? I’ve a undertaking that I am simply now operating on, and I have been at the look out for such info. slot
ReplyDeleteProqq sebagai situs bandarqq terbaik selalu memberikan bonus cash back 0,5% untuk semua member yang aktif bermain, Bonus cash back 0,5% adalah bonus yang diberikan berdasarkan turn over anda dan dibagikan setiap hari selasa.
ReplyDeleteYou made such an interesting piece to read, giving every subject enlightenment for us to gain knowledge. Thanks for sharing the such information with us to read this... situs judi online
ReplyDeleteThis is such a great resource that you are providing and you give it away for free. I love seeing blog that understand the value of providing a quality resource for free. https://probet88.me
ReplyDeleteI definitely enjoying every little bit of it. It is a great website and nice share. I want to thank you. Good job! You guys do a great blog, and have some great contents. Keep up the good work. judi online
ReplyDeleteThis particular papers fabulous, and My spouse and i enjoy each of the perform that you have placed into this. I’m sure that you will be making a really useful place. I has been additionally pleased. Good perform! house free coins
ReplyDeleteFokus Ketika Main poker Online
ReplyDeleteFokus secara teknis bisa juga mempengaruhi kemenangan dalam permainan poker.karena kita bisa mendikte permainan lawan sehingga strategi apa yang bisa mengalahkan permainan lawan
Cara Ampuh Menang Terus Menerus Dalam Bermain Poker Online
Bawa Chip secukupnya
Pelajari cara permainan lawan
Taktik menggertak atau yang dikenal BLUFFING
Perhitungkan matang-matang dalam melangkah
Berpindah-pindah posisi duduk
Jangan sekali kali percaya diri saat ketika memegang kartu besar
Sabar
Dengan kamu bisa menguasai dan memahami trik serta strategi dalam permainan, kamu dapat pengetahuan dan wawasan bermain. melebihi taktik dan bagaimana cara lain diputar. Sambil memaksimalkan peluang anda untuk memenangkan suatu permainan.
Ceme online
Situs bandar judi casino online menerima deposit via pulsa telkomsel dan XL dengan potongan paling murah dari situs manapun. Daftar agen judi casino terpercaya di indonesia menang berapapun di bayar dengan proses cukup 3 menit.
ReplyDeleteagen casino terpercaya
judi casino terpercaya
Situs bandar judi casino online menerima deposit via pulsa telkomsel dan XL dengan potongan paling murah dari situs manapun. Daftar agen judi casino terpercaya di indonesia menang berapapun di bayar dengan proses cukup 3 menit.
ReplyDeleteagen casino terpercaya
judi casino terpercaya