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capitalvia"Poker vs trading infographic

A COMPARISON OF TRADERS & POKER PLAYERS PIPS CHIPS. VS. Success in the Markets and at the Table no photo available Founder of Greenlight Capital with a track record of 21.5% annualized return for Over 5 mio dollars won in World Series of Poker events (all donated to charity) investors between 1996 & 2011 David Einhorn Total poker winnings of $2.5 mio, with WSOP Former trader at BNP Paribas and JP Morgan bracelets in 2011 and 2012 Andy Frankenberger He heads the Statistical Arbitrage department at Susque- hanna International Group Won more than $1.6 mio playing poker, including a 2 WSOP bracelets in 2006 Bill Chen no photo available Traded options on Polaroid Corp on the floor of the Chicago Board Options Exchange Won almost $4 mio and 3 WSOP bracelets including the 1984 WSOP main event Jack Kellar Turned $10,000 into more than $80,000 in two years Lifetime winnings of more than $2.7mio Phil Laak Anatomy: What Makes Them Tick MATHEMATICAL mind quick calculations are required, on the fly HEALTH and CHARACTER COMPETITIVE CHARACTER requiring both persistence and dedication A clear and focused mind RATIONAL vs EMOTIONAL THINKER Identifying BEHAVIOUR PATTERNS in opponents or the market Not chasing losses - A common pitfall for both inexperienced traders and poker players alike CALMNESS under PRESSURE - when to accept losses and leave the market Patience - a willingness not to play Transferable Skills These bars show the relative importance of each skill in trading vs. poker (but not one skill to the other) Disciplined money management Finding an "edge" in probability Evaluation of risk-to-reward Excellent record keeping habits Rigorous analysis through trade or hand review On-going learning and knowledge development Developing a strategy and continuously refining it Judging success based on decisions, not on results Drawing conclusions from statistics Discretionary judgement % winning players in the market 36,7 10-12 tradimo ..• learn to trade

capitalvia"Poker vs trading infographic

shared by capitalvia on Aug 30
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