trading & poker - Page 2

#1 11-09-2005, 10:33 AM

All I'm saying I think I can do is stated above. Simple statements like "you suck" wasn't quite what I was looking for. How can you judge me like that with no or little information?

And if somebody was good at trading & poker their advice should of more value than zero.

#2 11-09-2005, 02:35 PM

I'm good at poker and trading.... I also stayed at a holiday inn......

zerosum · #3 11-08-2005, 07:01 PM

[ QUOTE ]
For the love of god, post if have to say something and stay away otherwise.

[/ QUOTE ]

OK. You have asked for advice from strangers. You have thereby demonstrated that you are NOT ready to undertake your propoposed course of action.

#4 11-08-2005, 08:10 PM

Right. Anyone who has a clue doesn't use this forum! How about contributing something meaningful, proving a line of argumentation, instead of just spamming the thread.

zerosum · #5 11-08-2005, 09:31 PM

[ QUOTE ]
Right. Anyone who has a clue doesn't use this forum! How about contributing something meaningful, proving a line of argumentation, instead of just spamming the thread.

[/ QUOTE ]

Now you're tilting.

I incorporate by reference my previous response. It was offered with sincerity.

The fact that you viewed it as *spam* and the fact that it tilted you should give you pause.

Good luck.

#6 11-09-2005, 10:29 AM

What you said up to now: You can't do it. When you don't provide any argument the information is useless for me. If you would say: your plan is naive, because X and therefore Y that would be helpful.

zerosum · #7 11-09-2005, 06:07 PM

[ QUOTE ]
What you said up to now: You can't do it. When you don't provide any argument the information is useless for me. If you would say: your plan is naive, because X and therefore Y that would be helpful.

[/ QUOTE ]

I truly wish you all the best in your endeavours.

Sniper · #8 11-09-2005, 12:49 AM

Salary: You should move to the US, even an entry level IT consultant doing tech support work makes more than double your annual salary!

Poker: 50 hours of 4 tabling, every week, is not as easy as it sounds... based on your other posts, it sounds like you could use some more experience here... additionally, in my opinion, you shouldn't consider yourself a poker pro, until you can show consistant profit at the 5/10 level or above.

Trading: If you intend to have any kind of life outside of "work", your not going to have much time to devote to stock research, after playing 50 hours of poker every week... also, while your short term results may look good, have you established any kind of a trading plan that would allow you to continue to maintain that type of performance over the long haul?

Remember, both in poker and trading there is a time requirement beyond just the actual playing of poker and the trading... to be truly successful, you will also need to do research and post play analysis in both cases.

I highly recommend you pick up a few "Starting a Business" and "Working from Home" books, and give serious thought to the "Do you have what it takes?" chapters. You might also find the "Quiting your day job/Going Pro" Threads in the 2+2 forums (The mag forum has had a few, so you can start there), interesting reading.

Finally, it is important that you not only be appropriately bankrolled for your poker and trading careers, but that you also have your expenses covered for at least 1 year, while you go through the growing pains of the transition. Unlike a regular paycheck, in both poker and trading it is possible to have a losing month... and you can't start out on weak financial footing, or one bad month could put you out of business, or worse!

#9 11-09-2005, 03:41 PM

Thx so much for your advice.

1. You're talking about the cities, right? I will seriously consider your suggestion.

2. I don't have a trading plan really. At the moment I'm gathering experience and study books etc. My next step is to gather a significant trading stake.

3. I'm currently out of work & so I will probably give it a shot anyway the next months. Do I really need a thing like a "poker-business plan"? What would it contain?

My plan up to now is to
a) work really hard on my game (analysing hands, taking notes, reading articles & books)
b) play regular hours and leave enough free time for recreation etc

Paluka · #10 11-09-2005, 04:52 PM

This has been covered in many, many threads on the forum already, but for a beginning poker player it is clearly better to have a job too. This is because very few people end up being able to put in "full-time" hours playing poker. Basically, having a job and playing poker in your free time means you will end up playing at least 50% of the poker you were going to play anyway.