2+2 Stock Trading Competition - Page 2

CrazyN8 · #11 06-28-2005, 03:40 PM

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Who wants to take participate in this?

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I'm down! If it's free and "just for fun" [img]/images/graemlins/wink.gif[/img] then you can count me in!

Anadrol 50 · #12 06-28-2005, 06:51 PM

Sounds cool, count me in.

michiganfan9 · #13 06-28-2005, 08:42 PM

i'm totally in as well, i'm also doing many other competitions on marketocracy.com, stockquest.com and others, while working on my own portfolio

StickyWicket · #14 06-28-2005, 08:59 PM

I'm in-just send me the news...

Sticky [img]/images/graemlins/heart.gif[/img]

Emmitt2222 · #15 06-29-2005, 01:19 AM

I have zero clue what to do, but if its free its for me. I'd love to learn. This is the first time I have ever looked in this forum and I may forget to ever look again, are you going to send out PM's to confirm this or post a thread or something?

krazyace5 · #16 06-29-2005, 01:28 AM

I'll give it a try.

OrangeCat · #17 06-29-2005, 04:24 AM

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There is little doubt winning poker and winning trading are positively correlated.

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Quite a claim there. Got any hard data to back it up?

Count me in on the competition. BTW, my selections will be what I am actually holding in my IRA and cash accounts, not some crazy gambles made in order to win bragging rights on this board.

player24 · #18 06-29-2005, 07:58 AM

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my selections will be what I am actually holding in my IRA and cash accounts, not some crazy gambles made in order to win bragging rights on this board.

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Different objectives, particularly significantly different investment horizons, should be approached differently, IMO.

Dan Mezick · #19 06-29-2005, 09:05 AM

The MarkeWizards series from Jack Schwager. See the interview with Mark Minervini in STOCK MARKET WIZARDS. Poker is specifically mentioned as training tool.

In the other books in the series (interviews with top traders,) poker is mentioned in 3 or 4 interviews.

Search "trading" "Goldman" and "Minervini" using the search feature to learn more. I believe Sklansky has been retained by trading firms in the past to teach poker and general EV concepts.

The correlation is well established.

Please note that "losing-poker" and "losing-trading" are likely highly correlated also.

player24 · #20 06-29-2005, 09:38 AM

[ QUOTE ]
The MarkeWizards series from Jack Schwager. See the interview with Mark Minervini in STOCK MARKET WIZARDS. Poker is specifically mentioned as training tool.

In the other books in the series (interviews with top traders,) poker is mentioned in 3 or 4 interviews.

Search "trading" "Goldman" and "Minervini" using the search feature to learn more. I believe Sklansky has been retained by trading firms in the past to teach poker and general EV concepts.

The correlation is well established.

Please note that "losing-poker" and "losing-trading" are likely highly correlated also.

[/ QUOTE ]

Of course, discipline and odds based decision making are beneficial (necessary) attributes for poker players and investors. No one would argue otherwise.

But it is a stretch to say that the correlation between winning poker and winning investment is "well established". Does anyone know whether Warren Buffet is a good poker player? Is Daniel Negranu a good investor? Has anyone actually studied this issue, or have they simply applied theoretical guesswork?