frugi
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Yes, sure sometimes you have to pay the blind even when your cards are unwelcome, but in, say, a $10 NL game the blind might be 20c while the typical pot is $5+ so the "forced" risk is still relatively small. But I take your point that you can't sit on your hands for ever.
>>this post shows naivety beyond reproach.
>>i would not be hahaha ing if i were in your shoes i would be very worried indeed.
not at all .
a mental stop is a mental excuse for not keying in a stop loss . what's the point , you might as well trade w/o.
your way , you get the worst of both worlds . seems kind of dumb .
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frugi ,
that may be , but you have answered your own point to some degree . you are a begginer , whereas I , though not an expert have played for quite a while .
anyway , I don't see how it relates to the issue .
gambling is defined by the methods we use not the instruments. you can gamble on 2 cockcroaches racing in a room or you can punt the stock market.
conversely I can apply some trading METHODS to some gambling games .
BUT gambling , even poker , will be more gambling and luck than the markets , even if one uses trading methods on both .
>>i would not be hahaha ing if i were in your shoes i would be very worried indeed.
not at all .
a mental stop is a mental excuse for not keying in a stop loss . what's the point , you might as well trade w/o.
your way , you get the worst of both worlds . seems kind of dumb .
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frugi ,
that may be , but you have answered your own point to some degree . you are a begginer , whereas I , though not an expert have played for quite a while .
anyway , I don't see how it relates to the issue .
gambling is defined by the methods we use not the instruments. you can gamble on 2 cockcroaches racing in a room or you can punt the stock market.
conversely I can apply some trading METHODS to some gambling games .
BUT gambling , even poker , will be more gambling and luck than the markets , even if one uses trading methods on both .
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Let's face it the markets are a safer way to gamble than the casino's. Maybe we have not discussed leverege, leverege being the thing that people lean toward( risk adversement ), which is all in an individuals own mind, not the medium. After all it's your money on the line!
I think it's bloody good, myself. I've been playing twice as long as you and have probably played 3 times as many hands and, like you, I never bluff. And I'm _down_. Maybe I should try $10 NL instead of limit and the occasional foray into PL. Backgammon's better but impossible to play while trying to keep one eye on the forex markets ...frugi said:
SOCRATES
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Wisestguy, if you had an acceptable level of awareness about all this and about yourself you would not be posting the things you are posting, really.
In a previous post adressed to me you mention your right to an opinion.
You have not one iota of an idea of what a blunder this is for a trader.
Traders, successful traders, experienced traders, battle hardened traders, expert traders cannot afford these luxuries like you can, and to bandy them about like confetti like you do, showering everybody in the vicinity. They can only have views, and deal on hard facts, not emotionally driven bluster, sorry.
All of your posts lead me to guess you are very young and inexperienced, or both.
Now all the members on this thread are very polite and tolerant to you, which is much more than can normally be expected in the middle of an interesting discussion, please.
In a previous post adressed to me you mention your right to an opinion.
You have not one iota of an idea of what a blunder this is for a trader.
Traders, successful traders, experienced traders, battle hardened traders, expert traders cannot afford these luxuries like you can, and to bandy them about like confetti like you do, showering everybody in the vicinity. They can only have views, and deal on hard facts, not emotionally driven bluster, sorry.
All of your posts lead me to guess you are very young and inexperienced, or both.
Now all the members on this thread are very polite and tolerant to you, which is much more than can normally be expected in the middle of an interesting discussion, please.
frugi
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Well said Soc, elegantly as ever.
Thanks Roberto
NL is imho far better than fixed limit tables because you can throw money at your best hands while the poor ones cost hardly anything. The NL $10 allows me comfortable aggression when necessary. I started on the 5c/10c tables but soon became frustrated by the restrictive nature of the betting. A full house on the river and you can raise a whole 20c or something - useless!
Also once you've built up your pot to $20 or more you have a capital advantage over new and weak players and can afford to start leaning on weak hands.
Thanks Roberto
NL is imho far better than fixed limit tables because you can throw money at your best hands while the poor ones cost hardly anything. The NL $10 allows me comfortable aggression when necessary. I started on the 5c/10c tables but soon became frustrated by the restrictive nature of the betting. A full house on the river and you can raise a whole 20c or something - useless!
Also once you've built up your pot to $20 or more you have a capital advantage over new and weak players and can afford to start leaning on weak hands.
Bigbusiness
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My best win was $1,500 in a multi table tournament against 126 other players but I could not master the cash tables and so I have recently stopped playing. It was an interesting experience but looking at a screen all day is no fun and I need more time to do other things.
So, thats it then, its all about money. Human nature wants us to be right, carry forward the strongest genes, but , if we are to survive/do better, we have to be right about money. Hobbies and interests fill in the gaps, but when it comes down to REAL money, we're all animals.
SOCRATES
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Yes, correct. So all the survival instincts and all the survival and predatory and defence tactics we learn in life are useless for this, when dealing with real money.
Therefore a new and different kind of thinking and response has to replace the kind of thinking we use in our daily lives as animals. I keep on saying this.
It is difficult to overcome habits acquired during a lifetime and to replace them with other habits that don't seem to be relevant, but they are, but only for trading and nothing else, and this is part of the difficulty.
Therefore a new and different kind of thinking and response has to replace the kind of thinking we use in our daily lives as animals. I keep on saying this.
It is difficult to overcome habits acquired during a lifetime and to replace them with other habits that don't seem to be relevant, but they are, but only for trading and nothing else, and this is part of the difficulty.
SOCRATES
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Looking at a screen all day can be enormous fun if you have mastered the topic and then you can follow the unfolding drama and the games and the tricks and the spoofs and the unexpected events and all of this. And when you have finally mastered all of this you no longer need to spend all day in front of the screens, and that is the irony of it.Bigbusiness said:
frugi
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No joke, no punchline
An impatient, status acquisitive Western chap was visiting a renowned Chinese artist in order to acquire a piece of calligraphy with which to impress his enemies. A failed trader from whose grasp most things had fallen, except perhaps a rueful sense of irony, he asks for a painting of the characters representing the English word "risk" (two pictograms, one meaning "crisis", the other "opportunity") in return for a considerable amount of money.
The master painter agrees to this deal, cautioning also that it will take two years to complete the task. "These pictograms are very tricky", he explains. Our customer is irritated by the unexpected delay but reluctantly agrees. If it's going to take two years it must be impressive, he reasons.
Two years later, he eagerly returns and asks to see the finished meisterwork, while fretting about the opportunity cost of his deposit. "Yes, it is at last time for that", says the stereotypically enigmatic artist. After a moment's contemplation, the artist suddenly seizes a blank scroll and, following an astonishingly swift series of complex, flowing movements, reveals freshly painted characters that shine sublimely from the rare, thick paper. It is undoubtedly an exquisitely beautiful depiction of "risk". Although the customer is unable to dissemble his unexpected awe of the work, he is of course also extremely agitated and asks with a poker face why on earth he was made to wait two years for a painting that took no more than a minute to complete.
As if one cue, the artist wanders with practised serenity towards a large cupboard, opening it to reveal hundreds of scrolls that all look similar to the one just painted. "It did take two years" he says, "so now I can do it perfectly. And that is the only way it can be done."
An impatient, status acquisitive Western chap was visiting a renowned Chinese artist in order to acquire a piece of calligraphy with which to impress his enemies. A failed trader from whose grasp most things had fallen, except perhaps a rueful sense of irony, he asks for a painting of the characters representing the English word "risk" (two pictograms, one meaning "crisis", the other "opportunity") in return for a considerable amount of money.
The master painter agrees to this deal, cautioning also that it will take two years to complete the task. "These pictograms are very tricky", he explains. Our customer is irritated by the unexpected delay but reluctantly agrees. If it's going to take two years it must be impressive, he reasons.
Two years later, he eagerly returns and asks to see the finished meisterwork, while fretting about the opportunity cost of his deposit. "Yes, it is at last time for that", says the stereotypically enigmatic artist. After a moment's contemplation, the artist suddenly seizes a blank scroll and, following an astonishingly swift series of complex, flowing movements, reveals freshly painted characters that shine sublimely from the rare, thick paper. It is undoubtedly an exquisitely beautiful depiction of "risk". Although the customer is unable to dissemble his unexpected awe of the work, he is of course also extremely agitated and asks with a poker face why on earth he was made to wait two years for a painting that took no more than a minute to complete.
As if one cue, the artist wanders with practised serenity towards a large cupboard, opening it to reveal hundreds of scrolls that all look similar to the one just painted. "It did take two years" he says, "so now I can do it perfectly. And that is the only way it can be done."
DaveJB said:
I don't play poker, so this is just an opinion. The one making 75% is probably playing small stakes. In such games one tends to increase the risk because, in monetary value, it is affordable and, if he wins, the percentage is impressive when the tale is being told. On the other hand, one can lose all his stake in a night, 100%. Don't know about Gates, but Buffet doesn't play that kind of game- if he plays at all.
Split
RUDEBOY said:
If one has any ambition to do what he wants in life, then the accumulation of money is essential.
Safe jobs for life are no longer a sure option. The life style that youngsters develope cannot be continued, when one is older, unless money has been saved. Very little can be done without it and, if married with kids-even grandkids, like me, there is a desire to stay at the same financial level. So you are on the water-mill, lad! Join the club! As for the "animals" part of your quote, it is best to remember that even the civilised and best educated are after it- yours, if it is lying around, so have no qualms about taking theirs! Mine, too, if you can find it
Split
ravenglass
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Splitlink said:
Warren Buffet is a bridge player.
