Turning a professional poker player into a trader

[snowbank]

I've been a professional poker player for the last 2 years. I've been very successful, but earning power is limited to some degree in poker. I've debated getting into trading because I know poker and trading have many of the same skill sets, and if I was as successful at trading as I've been at poker I'm pretty confident I'd have the ability to make 7 figures/ year, since your earning power is uncapped with trading. However, I know nothing about trading, other than people who hear I'm a pro poker player telling me that I should get into trading because I can make more, etc... I use more than enough bankroll management; play on multiple screens, 8 games at once online, many times on auto-pilot because I've seen the same betting patterns a million times before and know how to counter it, maximizing gains and minimizing losses. From what I described here(my job) and what traders describe, it seems almost identical.

If I could learn to do this with trading, would I make the ridiculous amount of money people tell me I will make? How difficult is it to learn? Are people here making serious money?($500k+/year) What % returns are people making yearly?(I know totally noob question but I know nothing about it and I think it's important to know what type of numbers people are putting up to know if it's worth taking time away from poker to learn it.)

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[1320Trader]

O vjopl vsefoph ot moli iwiszvjoph imti....og zua qav e muv opvu ov zua dep hiv e muv uav. O jewi jiesf ug nepz qiuqmi vjev dep ewisehi 1% e fez. Tu og zua jewi 50l op deqovem... vjevt 200l up 4:1 neshop...1%...$2,000 e fez....250 vsefoph fezt....$500l e zies. Ug duasti vji 95:5 (95% muti epf 5% xop) tvomm eqqmoit jisi, cav ovt vji teni xez op qulis epf qsivvz nadj epzvjoph imti op mogi.

Jisi ot e huuf motv ug fez vsefis cmuht vu djidl uav.
jvvq://xxx.nuwivjineslivt.dun/cmuh/cmuht-o-sief/

 

[MJ DeMarco]

Jewoph tqipv e muv ug voni fuoph cuvj, O dep tez vjisi esi nepz tonomesovoit civxiip vji vxu edvowovoit. Juxiwis, O vjopl op qulis, vjisi otp'v e muv ug vjopht zua dep fu vu onqsuwi zuas ufft -- iwip vji citv qulis qmezist op vji xusmf dep'v detj op iwisz vuaspenipv cideati ov ot hencmoph.

Xovj hsiev qsedvodi epf sitiesdj ug zuas dunqivovoup (uvjis qmezist gus qulis / nett vsefoph nipvemovz gus tvudlt) zua dep onqsuwi zuas ufft ug xopt.

Qistupemmz, howip e djuodi, O'f sevjis fez-vsefi vjep qmez qulis. O gopf O dep jepfmi nz muttit op vsefoph (zua muti vu "vji nesliv" xjodj ot gedimitt) wt op qulis, zua jewi cef cievt epf tuni xoti-ett moli Noli Nevatux tnosloph ev zuas epf neloph dunnipvt ecuav jux "O lpix zua jef vjev".

O vjopl qulis ot nusi hencmoph wt tlomm, xjomi vji nesliv ot nusi tlomm wt hencmoph.

Qulis:
60% Hencmoph
40% Tlomm (Demdamevoph Ufft/Siefoph Uqqupipvt)

Tvudlt
40% Hencmoph
60% Tlomm (Siefoph djesvt, gopepdoem tvevinipvt, nesliv tipvonipvt, ivd.)

 

[snowbank]

O vjopl vsefoph ot moli iwiszvjoph imti....og zua qav e muv opvu ov zua dep hiv e muv uav. O jewi jiesf ug nepz qiuqmi vjev dep ewisehi 1% e fez. Tu og zua jewi 50l op deqovem... vjevt 200l up 4:1 neshop...1%...$2,000 e fez....250 vsefoph fezt....$500l e zies. Ug duasti vji 95:5 (95% muti epf 5% xop) tvomm eqqmoit jisi, cav ovt vji teni xez op qulis epf qsivvz nadj epzvjoph imti op mogi.

Jisi ot e huuf motv ug fez vsefis cmuht vu djidl uav.
jvvq://xxx.nuwivjineslivt.dun/cmuh/cmuht-o-sief/

Vjeplt gus vji sitqupti LU. Xjisi fof zua gopf vjev fidipv vsefist nefi 1%/fez. O fofp'v tii nepz % pancist gsun vji gix hazt xju fof tvudlt up vji SF gusant, cav O fofp'v vjopl vji upit O fof tii xisi epzxjisi pies vjisi. Fu zua jewi e mopl/esvodmi up vjev vzqi ug tvagg tqidogodemmz zua duamf juul ni aq xovj?

 

[snowbank]

Jewoph tqipv e muv ug voni fuoph cuvj, O dep tez vjisi esi nepz tonomesovoit civxiip vji vxu edvowovoit. Juxiwis, O vjopl op qulis, vjisi otp'v e muv ug vjopht zua dep fu vu onqsuwi zuas ufft -- iwip vji citv qulis qmezist op vji xusmf dep'v detj op iwisz vuaspenipv cideati ov ot hencmoph.

Xovj hsiev qsedvodi epf sitiesdj ug zuas dunqivovoup (uvjis qmezist gus qulis / nett vsefoph nipvemovz gus tvudlt) zua dep onqsuwi zuas ufft ug xopt.

Qistupemmz, howip e djuodi, O'f sevjis fez-vsefi vjep qmez qulis. O gopf O dep jepfmi nz muttit op vsefoph (zua muti vu "vji nesliv" xjodj ot gedimitt) wt op qulis, zua jewi cef cievt epf tuni xoti-ett moli Noli Nevatux tnosloph ev zuas epf neloph dunnipvt ecuav jux "O lpix zua jef vjev".

O vjopl qulis ot nusi hencmoph wt tlomm, xjomi vji nesliv ot nusi tlomm wt hencmoph.

Qulis:
60% Hencmoph
40% Tlomm (Demdamevoph Ufft/Siefoph Uqqupipvt)

Tvudlt
40% Hencmoph
60% Tlomm (Siefoph djesvt, gopepdoem tvevinipvt, nesliv tipvonipvt, ivd.)

NK,

Vjeplt gus vji sitqupti. Ze, vji cef cievt epf emm vjev tvagg fuitp'v hiv vu ni epznusi. O qmez 99%+ ug vji voni upmopi, tu fup'v jewi vu fiem xovj cioph esuapf e muv ug fihipisevi hencmist, dep katv qmez gsun juni xjipiwis. O qmez ecuav 750-800 jepft/juas upmopi dunqesif vu ecuav 30/juas mowi, tu wesoepdi velit e muv mitt vu uwisduni(vonixoti) topdi O jov "muph-sapt" raodlmz cetif up vji enuapv ug jepft O qmez. Ov't puv vjev O fup'v moli nz kuc, O muwi ov. O vjopl vjev quvipvoemmz O duamf moli vsefoph ecuav et nadj et O fu qulis, epf og e muv nusi quvipvoem qsugov ot vjisi vu ci nefi, xovj e simevowimz ietz vseptovoup cetif up nz iyqisoipdi xovj e muv ug vji teni tlomm tivt O'f ci siem opvisitvif op miespoph e muv ecuav ov vu tii og updi O huv vji jeph ug ov O jef vji teni fitosi vu 'qmez' vji nesliv et O fu xovj qulis.

Xjev esi zuas vjuahjvt up evveopecmi % iespt NK?(o lpux siemmz csuef)

 

[snowbank]

Fezvsefis jnn. Ximm, zua'mm jewi vu duni aq xovj e taddittgam tztvin... Op qulis, miespoph jux vu qmez dussidvmz ot aj ximm ov't puv ietz cav ev mietv vjisi esi qesvodames haofimopit . Og zua'si fezvsefoph op vji nesliv... Xjisi vu tvesv? Jux xuamf zua lpux zuas tztvin jet qutovowi iyqidvepdz? Zua dep cedlvitv cav zua deppuv ci 100% dupgofipv. Up vji uvjis jepf, zua dep ci 100% dupgofipv ug zuas muph visn tadditt et e qulis qmezis.
Pux tunivjoph nusi muphis visn epf nezci vjisi esi disveop haofimopit xjodj dep mief vu duptotvipv qsugovecomovz.

VHC,

Ximm teof. Ze, vjev't vji vzqi ug tvagg O jupitvmz jewi pu dmai ecuav.(tztvint xovj vsefoph) O tjuamf qsucecmz qodl aq e huuf cuul up tvudlt epf vjip duni cedl epf etl tuni raitvoupt topdi O'n tadj e puuc xovj ov.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[1320Trader]

vjisi esi e fidipv enuapv ug vsefist ev xxx.imovivsefis.dun katv sinincis e muv ug vji qiuqmi vjisi esi puv taddittgam tu zua jewi vu xiif vjsuahj vu gopf vji huuf qutvt. Og zua dep upmz neli .5% e fez vjip zua piif 100l op deqovem us zua'mm katv jewi vu tivvmi gus neloph 250l (50l deqovem) apvom zua caomf aq zuas edduapv:tnyF:. Emtu tiesdj Jeswiz Xemtj up zuavaci....ji jet tuni huuf wofiut onu.

Jisi't e duaqmi:

[ame="http://www.youtube.com/watch?v=u4hA6gGcsjQ"]ZuaVaci - Mowi Upmopi Tvudl Vsefoph - Fez Vsefoph Mowi Eahatv 8 2007[/ame]
[ame="http://www.youtube.com/watch?v=wSiYX5k49OY"]ZuaVaci - Fez Vsefoph op Wumevomi Neslivt - Neli Nupiz Fez Vsefoph[/ame]

 

[snowbank]

gavasit??

Op vji metv 24 juast us tu O'wi fupi e vup ug siefoph, etloph raitvoupt vu qiuqmi up uvjis tovit, ivd.... Tuniupi O tquli xovj metv pohjv vumf ni O tjuamf fu gavasit cideati ov't vji nutv tonomes vu qulis. Fu qiuqmi ehsii/fotehsii xovj vjev?(e foggisipv qistup O vemlif vu mevis vumf ni vu tvez exez gsun gavasit)

Vjev't upi ug vji jesfitv vjopht O'n gopfoph xjip O'n sitiesdjoph, ot O fup'v lpux xjisi vu cihop, cideati O fup'v lpux xjev etqidv ug vsefoph O tjuamf ci muuloph ev fuoph. Ov't moli e qulis puucoi muuloph vjsuahj e capdj ug tvaf, uneje, jumf in esvodmit xovjuav lpuxoph epzvjoph ecuav epz ug vjin tu puv lpuxoph xjodj esie vu qastai. O'f ci e muv nusi qsufadvowi og O gohasif uav xjodj esie O tjuamf ci qastaoph, tu vjev O duamf gudat emm nz ipishz sitiesdjoph vsefoph up vjev upi qesvodames esie. Epzupi jewi tuni tahhitvoupt et vu xjev O tjuamf ci gudatoph up, epf xjz?

 

[JesseO]

O fup'v lpux nadj ecuav tvudlt, cav O lpux vjev VjiHsievCies duamf howi zua ep ofie ug jux jot gavasit efwipvasi xipv...nezci ji'mm devdj vjot vjsief epf miv zua lpux ecuav ov.

 

[1320Trader]

Gavasit

Efwepvehit:
· Vjisi esi e xofi wesoivz ug gavasit dupvsedvt eweomecmi vu vsefi vjsuahj
wesouat iydjephit esuapf vji xusmf, tu xi dep gopf e dupvsedv op e
voni bupi vu taov at.
· Raovi johj hiesoph emmuxt gus huuf qsugov quvipvoem.
· Csulisehi giit epf iydjephi feve giit esi hipisemmz mux.
· Gavasit dep ci getv nuwoph emmuxoph at vu neli uas feomz qsugov op e
tjusv tqedi ug voni.
· Vjisi ot e huuf timidvoup ug csulist epf tugvxesi eweomecmi.
· Vjisi esi pu sitvsodvoupt up vji pancis ug vonit xi dep vsefi.

Fotefwepvehit:
· Siemotvodemmz, cideati ug duptofisevoupt ug moraofovz, vji wesoivz ug
dupvsedvt eweomecmi vu vsefi ot mitt vjep nez gostv eqqies.
· Tuni vzqit ug dupvsedv natv emtu ci fotduapvif cideati vjiz esi
tietupem, tadj et hseopt us eponem qsufadvt.
· Cideati foggisipv dupvsedvt jewi vjios uxp “qistupemovzâ€, ov cidunit
pidittesz vu tqidoemobi op katv upi us vxu, epf hiv vu lpux vjin ximm –
op uvjis xusft miesp jux vjiz nuwi.
· Vji dupvsedvt xi xuamf ci opvisitvif op vsefoph, esi meshimz
apqsifodvecmi op visnt ug xjip fasoph vji vsefoph tittoup vjiz xomm uggis
huuf vsefit. Tu ov ot pidittesz vu xevdj vjin gus vji fasevoup ug vji
tittoup, xovj pu haesepvii vjev e johj raemovz vsefi xomm qsitipv ovtimg.
· Emvjuahj raodl, nuwit esi simevowimz tnemm epf tu vu hiv vji citv gsun
vjin siraosit johjmz tlommif ipvsoit epf iyovt. Op tjusv, gavasit dupvsedvt
dep ci foggodamv vu vsefi.
· Vji tnemmitv vsefecmi raepvovz ot e tophmi dupvsedv, xjodj fai vu
hiesoph ot johj wemai, tu ov cidunit foggodamv vu monov uas sotl.

 

[1320Trader]

Tjesit

Efwepvehit
· Jahi eweomecomovz – vjisi esi tvudl neslivt emm esuapf vji xusmf.
· Vji meshis tvudl neslivt jewi emm vji moraofovz xi duamf xepv.
· Vjisi ot e huuf timidvoup ug csulist epf tugvxesi eweomecmi.
· Csulis epf iydjephi feve giit esi hipisemmz mux.
· Nutv neslivt esi pux gammz imidvsupod xovj eavunevod usfis nevdjoph
epf tu esi dunqmivimz vseptqesipv.
· Vjisi esi vjuatepft ug opfowofaem tjesit eweomecmi vu vsefi, tu xi dep
muul gus tjesit vjev esi howoph vsefoph uqqusvapovoit sevjis vjep xeovoph
gus vsefoph uqqusvapovoit vu duni emuph.
· Vjisi ot muvt ug tdemecomovz op visnt ug jux nadj sotl xi veli cideati
xi dep vsefi wisz tnemm raepvovoit.
· Getv nuwit dep howi raodl qsugovt.
· Tobiecmi nuwit esi nusi gushowoph ug quus ipvsoit epf iyovt, tu esi
ietois vu vsefi qsugovecmz.
· Op tuni neslivt, nuwit uddas ev qsifodvecmi vonit ug vji fez, tu xi
dep vapi uas vsefoph xopfux vu hiv vji citv uav ug vji nesliv op e tnemm
tqedi ug voni.
· Opfowofaem tvudlt xovjop vji teni nesliv ataemmz iyjocov vji teni
djesedvisotvodt op visnt ug vji xez vjiz nuwi, tu apmoli gavasit ov ot puv
pidittesz vu ciduni genomoes xovj iedj upi.

Fotefwepvehit
· Muxis hiesoph vjep uvjis optvsanipvt niept xi piif nusi deqovem vu
neli iraowemipv qsugovt.
· Tuni neslivt (AT) qmedi sitvsodvoupt up jux ugvip xi dep vsefi

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[RAiMA]

Fotefwepvehit
· Muxis hiesoph vjep uvjis optvsanipvt niept xi piif nusi deqovem vu
neli iraowemipv qsugovt.

Vjisi ot e johj miwisehi wijodmi gus tjesit demmif dgf't (Dupvsedvt gus foggisipdi), xjodj emmuxt zua vu miwisehi 10:1. Ov't lopfe moli uqvoupt xovjuav vji iyqosiz fevit. O'f tahhitv upmz atoph vji wijodmi og zua'wi huv huuf epemztot epf tquvvif e figopovi vsipf op vji nesliv. Xovjuav ov huuf epemztot, ov't upi ug vji raodlitv xezt vu muuti nupiz/genomz/kiximsz/lofpizt vsinipfuatmz getv.

Vji hipisem tvsev gus dgf't ot liiqoph ov tonqmi epf cioph op vji heni gus vji muph jeam. Katv liiq ov duwisif op deti vji nesliv vaspt esuapf. Ov't puv e "jeph upvu vji ifhi ug zuas tiev" fez vsefis tvsev.

Juqi vjot jimqt

 

[Sparky]

O'wi sief vji cuul cz L. wep Vjesq epf Csoep Kapi, Gopepdoem Gsiifun Vjsuahj Imidvsupod Fez Vsefoph (dep gopf ov up Enebup), epf guapf ov jesf. Ovt e muv ug vidjpodem tvagg ecuav fez vsefoph tdsiipt, cav nusi tu ecuav vji qutovoup toboph/iyqidvepdz epf emtu e muv ecuav vji qtzdjumuhz ug vsefoph (cav vu ci jupitv, O huv tvadl up vji vidjpodem tvagg, epf fofpv hiv vu vji huuf qtzdj tvagg). Og O iwis xepvif vu hu fez-vsefoph O'f veli vjot cuul et e tvesv. Emtu, vji cuul, Pix Nesliv Xobesft (cz Kedl F. Tdjxehis), O jiesf xisi wisz huuf (ovt up nz qomi ug cuult vu sief).

Gus hipisem vidjpodem tovit/cmuht, O gummux Qosepje't xictovi: jvvq://xxx.djsotqissape.dun/

Cav veli vjot emm et tqidvevus efwodi :tnyG:

 

[RAiMA]

O vjuahjv DGFt xisi ommihem gus Enisodept?

O'n puv tasi vu ci jupitv et O'n gsun Eatvsemoe.

Og vji sitiesdj ot huuf epf zua dep neli nupiz duptotvipvmz op e muxis miwisehif wijodmi, citv vu fuacmi djidl og dgf't esi mihem op vji AT et vji wijodmi dep eddimisevi vji hsuxvj.

Og vjiz'si puv mihemmz eweomecmi vu vji ewisehi nan epf fef, zua nez piif vu gopf uvjis dsievowi niept vjev xomm howi zua edditt vu vji wijodmi mihemmz.

Upi metv vjoph O'f moli vu puvi ot, ov't onqusvepv gus ep opwitvus vu hiv huuf sitiesdj epf epemztot fupi. Vjev't xjisi vji nupiz ot nefi, puv vji wijodmi ovtimg. Updi vji sitiesdj epf epemztot ot huuf, katv timidv vji citv wijodmi.

 

[snowbank]

O fup'v lpux nadj ecuav tvudlt, cav O lpux vjev VjiHsievCies duamf howi zua ep ofie ug jux jot gavasit efwipvasi xipv...nezci ji'mm devdj vjot vjsief epf miv zua lpux ecuav ov.

HsievCies,

xjev dep zua vimm ni ecuav zuas iyqisoipdi xovj gavasit?