Poker and day trading are gambling

[jM_888]

Always forced myself to believe that it's my hard work not that's making me decent money from the markets trading, Found poker an interesting game watching it online and learning. Now I play a decent game after 6 months of playing and winning here and there. They both are gambling, If anyone denies, he's just giving hope to himself.

 

[Flyer35]

Pretty much.

 

[Poker Orifice]

Always forced myself to believe that it's my hard work not that's making me decent money from the markets trading, Found poker an interesting game watching it online and learning. Now I play a decent game after 6 months of playing and winning here and there. They both are gambling, If anyone denies, he's just giving hope to himself.

Huh?
So is there no point in spending large amounts of time studying the game of poker?

6mos. of playing... sounds like a good example of Dunning Kruger effect

 

[10gerka]

Poker is a great game for everyone, and if you study and are very disciplined you will achieve many achievements, there is always a luck factor, like everywhere, but that fades over time.

 

[pentazepam]

Here is some discussion on this topic >>> https://www.reddit.com/r/Daytrading/comments/1e0g48m

 

[Macaroon]

Much more skill in poker than trading the markets, where you are at the mercy of surprise events, and you don't ever know who you are up against.

 

[sibkaz]

Poker distracts and reassures me) And the market...)

 

[infonazar]

Always forced myself to believe that it's my hard work not that's making me decent money from the markets trading, Found poker an interesting game watching it online and learning. Now I play a decent game after 6 months of playing and winning here and there. They both are gambling, If anyone denies, he's just giving hope to himself.

The main thing is to stick to acceptable risks and then trading and poker will bring income
I have been playing poker for over 12 years and actively trading for about 10 years. Poker is a hobby after work, but honestly speaking, my work usually brings me more pleasure than my hobby

 

[tabaskichhh]

these two disciplines are very similar because both require the skills of discipline, impulse control, and gambling

 

[luckyfish98]

Many times poker is a lie

 

[dompoker]

I don't know much about trading, but poker is a game of chance, even if some people say otherwise.

 

[Iryna Stryzheuskaya]

It’s strange, but I almost never met people who said that their work was pleasant and easy.

 

[Cooking]

For me they are both gambling, but if you study you have more chances of winning in the long run. If you don't have the right mentality (I don't have), I would treat them as just a hobby and not as a job.

 

[dimon4ik89]

If you think about it, then excitement is present in any sport: tennis, football, basketball and so on. The main difference is that gambling games are different. If you consider, for example, a casino or slot machines, then the mathematical advantage is initially on the side of the gambling establishment. But poker is a little different, here the chances of winning are equal for all players, and in the long run the winner is the one with more experience and more gaming and personal skills. Of course, there are unlucky and unprofitable days, but an experienced player has many times fewer of them than lucky and profitable days. If you look at this topic superficially, then yes, poker is a game of chance. But if you delve deeper and understand the nuances, then poker is a whole science and a separate world that can be studied throughout your life. I can’t say anything about trading, since I am not deeply familiar with this field of activity.

 

[Duxflux]

The reason why poker bots never will win against humans is their inability to make own decisions. You can be mathematically correct but still loose. Therefore you can read your opponents and maybe fold instead of going the correct way. Or bluffing in the right moment if you smell the fear of other player. So yeah i guess its a little bit like stock market. If you make only day trading and hope to become rich you probably will loose. If you think about the long term, then you might win. Its against the human behaviour to stay calm and emotionless.

 

[tabaskichhh]

The reason why poker bots never will win against humans is their inability to make own decisions. You can be mathematically correct but still loose. Therefore you can read your opponents and maybe fold instead of going the correct way. Or bluffing in the right moment if you smell the fear of other player. So yeah i guess its a little bit like stock market. If you make only day trading and hope to become rich you probably will loose. If you think about the long term, then you might win. Its against the human behaviour to stay calm and emotionless.

and bots already win over people, and as you say, bots at a distance always play in the plus, poker theory is developing, but bots are also developing

 

[john_entony]

Always forced myself to believe that it's my hard work not that's making me decent money from the markets trading, Found poker an interesting game watching it online and learning. Now I play a decent game after 6 months of playing and winning here and there. They both are gambling, If anyone denies, he's just giving hope to himself.

I'm happy for you that you were able to learn how to play poker. And I'd like to learn trading someday (I think I'd enjoy it). Remember that poker only opens its doors to the best players.

 

[888NOX888]

Incorrect any game related to money is gambling.🤔

 

[Stringy]

i feel like I gamble more in the markets than i do in poker

 

[s0ftdumps]

Always forced myself to believe that it's my hard work not that's making me decent money from the markets trading, Found poker an interesting game watching it online and learning. Now I play a decent game after 6 months of playing and winning here and there. They both are gambling, If anyone denies, he's just giving hope to himself.

Unless you have an angle .....

 

[s0ftdumps]

The reason why poker bots never will win against humans is their inability to make own decisions. You can be mathematically correct but still loose. Therefore you can read your opponents and maybe fold instead of going the correct way. Or bluffing in the right moment if you smell the fear of other player. So yeah i guess its a little bit like stock market. If you make only day trading and hope to become rich you probably will loose. If you think about the long term, then you might win. Its against the human behaviour to stay calm and emotionless.

bots will exploit the shit out of tired/drunk people ... which there are plenty

 

[s0ftdumps]

If you think about it, then excitement is present in any sport: tennis, football, basketball and so on. The main difference is that gambling games are different. If you consider, for example, a casino or slot machines, then the mathematical advantage is initially on the side of the gambling establishment. But poker is a little different, here the chances of winning are equal for all players, and in the long run the winner is the one with more experience and more gaming and personal skills. Of course, there are unlucky and unprofitable days, but an experienced player has many times fewer of them than lucky and profitable days. If you look at this topic superficially, then yes, poker is a game of chance. But if you delve deeper and understand the nuances, then poker is a whole science and a separate world that can be studied throughout your life. I can’t say anything about trading, since I am not deeply familiar with this field of activity.

Yea, there are three separate things here being grouped into one. Gambling is playing a game of chance guaranteed to lose in the long term. Poker you have to manage risk better than your opponent at a rate better than the rake. Investing .... you are buying an actual asset ... albeit it's an asset you don't control. But most assets we don't control anyways ... like fiat currency for example.

 

[dreamer13]

Both the trader and the poker player need to make decisions based on information that may be incomplete or ambiguous. Traders must determine which instruments have the potential to rise or fall, and there is excitement in both.Both poker and trading involve working with incomplete data, and decisions are made based on mathematical expectation.

 

[anasslaaleg]

Always forced myself to believe that it's my hard work not that's making me decent money from the markets trading, Found poker an interesting game watching it online and learning. Now I play a decent game after 6 months of playing and winning here and there. They both are gambling, If anyone denies, he's just giving hope to himself.

Poker and day trading share similarities with gambling, but they are not inherently the same. Both involve risk and uncertainty, but the key difference lies in the level of skill, strategy, and decision-making involved.