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Ex poker New trader
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Created: by veronika Attachments:0

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Ex poker New trader

  #11 (permalink)
Membership Temporarily Revoked
Moscow,Russia
 
Futures Experience: None
Platform: Metatrader,TWS
Favorite Futures: 6E,TF
 
Posts: 11 since Jun 2015
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treydog999 View Post
I dont think playing LAG or TAG is going to make you a good scalper. Its going to affect how much % you risk per trade (how many Big blinds/ table stakes) and your volatility (variance/risk of ruin).

just read and learn do the same think like with poker. Start with play money, go to small money tables and work your way up to bigger tables. Same idea for trading.

yeah i've started with a mini $1000 forex account n learning. reading a lot too.currently using 5% of total account trading rule.

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  #12 (permalink)
Live Your Bliss
Canary Islands, Spain
 
Futures Experience: Advanced
Platform: OA
Favorite Futures: What Moves
 
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veronika View Post
yeah i've started with a mini $1000 forex account n learning. reading a lot too.currently using 5% of total account trading rule.

Are you really betting 5% of your account on any one trade??? Have you calculated your Risk of Ruin betting that much? (assuming you know your expectation for each trade).

"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
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  #13 (permalink)
Live Your Bliss
Canary Islands, Spain
 
Futures Experience: Advanced
Platform: OA
Favorite Futures: What Moves
 
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Posts: 701 since Dec 2010
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treydog999 View Post
I dont think playing LAG or TAG is going to make you a good scalper. Its going to affect how much % you risk per trade (how many Big blinds/ table stakes) and your volatility (variance/risk of ruin).

just read and learn do the same think like with poker. Start with play money, go to small money tables and work your way up to bigger tables. Same idea for trading.

I think anyone who is a LAG player in poker will want lot of action trading... which will generally mean many small trades on a short timeframe.

"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
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  #14 (permalink)
Membership Temporarily Revoked
Moscow,Russia
 
Futures Experience: None
Platform: Metatrader,TWS
Favorite Futures: 6E,TF
 
Posts: 11 since Jun 2015
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Anagami View Post
Are you really betting 5% of your account on any one trade??? Have you calculated your Risk of Ruin betting that much? (assuming you know your expectation for each trade).

i m just beginner,so experimenting.i like more action n believe in aggressiveness-to win big,u've to risk big.
yeah there's chance of downswing.but most newbies blow their balance quickly,right?
if not working,i'll gear down.

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  #15 (permalink)
Live Your Bliss
Canary Islands, Spain
 
Futures Experience: Advanced
Platform: OA
Favorite Futures: What Moves
 
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Posts: 701 since Dec 2010
Thanks: 474 given, 1,398 received


veronika View Post
i m just beginner,so experimenting.i like more action n believe in aggressiveness-to win big,u've to risk big.
yeah there's chance of downswing.but most newbies blow their balance quickly,right?
if not working,i'll gear down.

To win big, you must minimize risk, not invite it. Just because most of us have blown an account or two does not mean you have to follow in our footsteps.... or does it.

Looking forward to updates.

"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
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The following user says Thank You to Anagami for this post:
 
  #16 (permalink)
Membership Temporarily Revoked
Moscow,Russia
 
Futures Experience: None
Platform: Metatrader,TWS
Favorite Futures: 6E,TF
 
Posts: 11 since Jun 2015
Thanks: 7 given, 0 received


Anagami View Post
To win big, you must minimize risk, not invite it. Just because most of us have blown an account or two does not mean you have to follow in our footsteps.... or does it.

Looking forward to updates.

Thank you.
probably i should be more conservative in my next trades.
i guess,i m a bit of gambling degen.if i can't slow down,it'll not quite work as i expected.

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  #17 (permalink)
Elite Member
seoul, Korea
 
Futures Experience: Intermediate
Platform: Multicharts
Broker/Data: CQG, DTN IQfeed
Favorite Futures: YM 6E
 
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Anagami View Post
I think anyone who is a LAG player in poker will want lot of action trading... which will generally mean many small trades on a short timeframe.

Well i always played TAG so... cant really relate. That may be true. However i feel like TAG goes for higher probability. + ev plays that happen less frequently vs LAG goes for more low probably +ev plays or even -ev assuming you can use aggressive moves to force an opponent with a better hand to fold.

Unfortunately you can not out bully the market like you can out bully a poker opponent. However the taste for action may be correct.

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  #18 (permalink)
Elite Member
Saint Petersburg, FL
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ES
 
AgentSmith's Avatar
 
Posts: 68 since Jul 2015
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Welcome! I'm new here too and hope to learn a lot from this forum. Good luck!

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