Just came across an interesting website, http://www.texasholdeminvesting.com . I’ve been playing Texas Hold’em poker for a while now via Facebook/Zynga and unlike past experiences I now really enjoy my time playing it. I’m not sure why in the past I didn’t catch the holdem bug. If I try to think about it then maybe it’s a developmental thing. In the past I was attracted to holdem, and did reasonably well but found it too similar to trading on the emotional side and therefore a bit of a drain while now that aspect disappeared and I can play it for hours.
Anyways, as the title of the post and the website indicate there are countless parallels between investing / day trading and Texas Holdem Poker. In fact the Texasholdeminvesting website came up with a book dedicated to identifying the similarities. I’ve just downloaded it (free intro), and looking through he’s got most of the topics covered, like: managing emotions, thinking in probabilities, performance analysis, and bankroll size and position sizing. I’m hard pressed to find a game with more similarities with trading than poker. Depending on your personal traits poker can be a good way to sharpen some trading related skills or just have some fun during market downtime.
H/T to Meir.
P.S. If you’re playing texas hold’em and haven’t tried Zynga I think it’s one of the nicest free fake money poker out there that I’ve come across. If you’re on my facebook list give me a buzz if you want to play a few rounds.
Tags: Buzz, Day Trading, emotions, experiences, facebook, game, market, parallels, performance, performance analysis, position sizing, probabilities, stocks trading, texas hold em poker, texas holdem poker, trading, Zynga