Articles and References
Some interesting articles and references on Trading vs. Poker
For good general summaries on the subject:
This article gives a more personal view of the link between poker and trading. Everyone's learning process and outcome will be different. But the key takeaway is summarized near the end.
This article has a better description of the importance of poker skills as they apply deciphering market motivations. It also mentions Pot Odds, a measure of risk/reward. All card games, even those that are purely statistical in nature where your opponent is the House, rely on your ability to correctly change your bet in order to win. The current version of Options Poker fixes the Raise amount at 20 (giving relatively high Pot Odds) to induce players to play and practice developing their options basics. Later versions that allow you to play others across the world will allow you to change your Raise amount.
One of the more comprehensive articles on options trading vs. poker playing. Although I (the developer of Options Poker) may not agree with some of the points, it nevertheless is a good read on this subject.
A very short article that highlights one of the most important similarities between successful traders and poker player. Especially for longer term holding periods, the emphasis is to never chase losses.
This is one of the better videos on Poker vs. Trading. Contains a lot of discussion on the psychological aspects of the games and focuses more for the retail trader.
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