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Advice for U.S Players with a Role!

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  1. 56off56 56off56 is offline

    Richmond Hill
    Canada

    Posts: 455
    Joined: Sep 08

    Apr 22nd, 2011 (4/22/2011 6:16pm)

    Since poker is out of the question now and you like to push buttons and sit on-line, there are many opportunities to make a decent living playing the stock market, forex, etc. etc. Take a course ( they're not long). You don't need a huge role to make a decent living. 10-20K will get you started.
    You can daytrade stocks and that will fill the Void of playing Poker..
    Just a thought..
    GL.
  2. unta unta is offline

    Tempe, AZ
    United States

    Posts: 568
    Joined: Mar 06

    Apr 22nd, 2011 (4/22/2011 6:26pm) in reply to 56off56

    roll*
     
  3. 56off56 56off56 is offline

    Richmond Hill
    Canada

    Posts: 455
    Joined: Sep 08

    Apr 22nd, 2011 (4/22/2011 6:28pm) in reply to unta

     
    Originally Posted by unta View Post

    roll*

    yes, i knew that was comming.. i forgot, everyone here is a F*n english major.
    Thread Starter
  4. ImLikeWhoaa ImLikeWhoaa is offline

    Aarhus
    Denmark

    Posts: 405
    Joined: Feb 09

    Apr 22nd, 2011 (4/22/2011 6:43pm) in reply to 56off56

    Or writes standard english
     
  5. joeyrulesall joeyrulesall is offline

    Swampscott, MA
    United States

    Posts: 315
    Joined: Sep 09

    Apr 22nd, 2011 (4/22/2011 6:44pm) in reply to ImLikeWhoaa

    *coming
  6. donkiman donkiman is offline

    Posts: 1,332
    Joined: Aug 10

    Apr 22nd, 2011 (4/22/2011 6:50pm) in reply to joeyrulesall

    lol you cannot make a living as a day trader with a 10k-20k roll.
     
  7. pokerscrub1 pokerscrub1 is offline

    Darlington, SC
    United States

    Posts: 543
    Joined: Feb 10

    Apr 22nd, 2011 (4/22/2011 7:00pm) in reply to 56off56

     
    Originally Posted by 56off56 View Post

    yes, i knew that was comming.. i forgot, everyone here is a F*n english major.

    [ ] College level english
     
  8. youngangelo youngangelo is offline

    Bradenton, FL
    United States

    Posts: 10
    Joined: Mar 08

    Apr 22nd, 2011 (4/22/2011 7:02pm) in reply to donkiman

     
    Originally Posted by donkiman View Post

    lol you cannot make a living as a day trader with a 10k-20k roll.

    lol...obv you don't know what you're talking about...what do you consider making a living? because 1k enough to get you started...
  9. apology7 apology7 is offline Cake Poker PLB Champ

    Posts: 1,050
    Joined: Mar 06

    Apr 22nd, 2011 (4/22/2011 7:10pm) in reply to youngangelo

    OP do you make money trading? These threads tilt me because they are never started by professional traders - just some guy who decided to open up an e-trade account last month or has a really sweet system for trading forex. To my knowledge it takes years to understand the market and it's far more complicated than NLHE.

     
    Originally Posted by youngangelo View Post

    lol...obv you don't know what you're talking about...what do you consider making a living? because 1k enough to get you started...

    umm. no.

    btw did you delete your post about spending $400 on a system for learning to trade penny stocks....?

    you do know that there are a lot of shills in the investment world out there pedaling 'systems' to morons right?
    1 
  10. tyson219 tyson219 is online now Moderator

    New York, NY
    United States

    Posts: 2,120
    Joined: Feb 06

    Apr 22nd, 2011 (4/22/2011 7:12pm) in reply to apology7

    Don't do this without having a solid background. A 3-4 hour forex course is nowhere near sufficient.

    Trading, like poker, is a zero-sum game. You only win when someone else loses. In poker, you can identify the fish and develop winning strategies to profit. In trading, you cant identify the fish. You're up against hedge funds, mutual funds, i-banks, prop desks, etc. who have years of experience in perfecting their trading strategies and can apply mass leverage, something individual traders cannot do.

    Don't do it unless you enjoy getting it as a 30/70 favorite and hoping to suck out.
     969 
  11. SlappyJay74 SlappyJay74 is offline

    NH
    United States

    Posts: 150
    Joined: Dec 06

    Apr 22nd, 2011 (4/22/2011 7:18pm) in reply to tyson219

    The average day trader loses money. role LOL

    Although I do recommend mutual funds. Def not single stocks.
    Edited By: SlappyJay74 Apr 22nd, 2011 at 07:24 PM
     
  12. vil1ain vil1ain is offline

    Hastings
    United Kingdom

    Posts: 655
    Joined: Mar 07

    Apr 22nd, 2011 (4/22/2011 7:35pm) in reply to SlappyJay74

    Actually OP does have a valid point, even without poker there are ways to make money online, obviously people shouldn't just jump in feet first onto the stock markets but it is an option, also i read only yesterday about a guy making thousands from posting video's on youtube, also read about people making money in Second Life and we cant forget the ebay option. If your wanting to make money online then poker isn't the be all and end all but as a enjoyable game with the added benefit of possibly making thousands and thousands then poker rules.
  13. youngangelo youngangelo is offline

    Bradenton, FL
    United States

    Posts: 10
    Joined: Mar 08

    Apr 22nd, 2011 (4/22/2011 7:43pm) in reply to apology7

     
    Originally Posted by apology7 View Post

    OP do you make money trading? These threads tilt me because they are never started by professional traders - just some guy who decided to open up an e-trade account last month or has a really sweet system for trading forex. To my knowledge it takes years to understand the market and it's far more complicated than NLHE.

    umm. no.

    btw did you delete your post about spending $400 on a system for learning to trade penny stocks....?

    you do know that there are a lot of shills in the investment world out there pedaling 'systems' to morons right?

    Yep..because only a monkey moron with no brain would consider throwing their money into the stock market, before learning how it works. Don't pay for systems, pay for training...

     
    Originally Posted by tyson219 View Post

    Don't do this without having a solid background. A 3-4 hour forex course is nowhere near sufficient.

    Trading, like poker, is a zero-sum game. You only win when someone else loses. In poker, you can identify the fish and develop winning strategies to profit. In trading, you cant identify the fish. You're up against hedge funds, mutual funds, i-banks, prop desks, etc. who have years of experience in perfecting their trading strategies and can apply mass leverage, something individual traders cannot do.

    Don't do it unless you enjoy getting it as a 30/70 favorite and hoping to suck out.

    Trading on Forex, you're bound to lose you're money 90% of the time, if you don't know what the hell you're doing. But I think OP is talking about day trading on the NYSE. Forex is completely different and more complicated.
  14. Ronye Ronye is offline

    United States

    Posts: 69
    Joined: Apr 10

    Apr 22nd, 2011 (4/22/2011 7:48pm) in reply to youngangelo

    Know your role!
  15. Sagacious Man Sagacious Man is online now

    Australia

    Posts: 801
    Joined: Oct 10

    Apr 22nd, 2011 (4/22/2011 8:02pm) in reply to ImLikeWhoaa

     
    Originally Posted by ImLikeWhoaa View Post

    Or writes standard english

    lol made me laff.
  16. donkiman donkiman is offline

    Posts: 1,332
    Joined: Aug 10

    Apr 22nd, 2011 (4/22/2011 8:07pm) in reply to youngangelo

     
    Originally Posted by youngangelo View Post

    lol...obv you don't know what you're talking about...what do you consider making a living? because 1k enough to get you started...

    Actually I know many day traders here in Chicago and most of them work for hedge funds handling 500k+ accounts because that's the size of "roll" you need to make a living on day trading margins. What the fuck are you talking about 1k? Do you live in your moms basement?
     
  17. clantaztic clantaztic is offline

    O Fallon, MO
    United States

    Posts: 515
    Joined: Aug 09

    Apr 22nd, 2011 (4/22/2011 9:13pm) in reply to Werglum

    LOL at people ripping the guy for his english when people are writing obv and lol in every other post.
  18. eDaN eDaN is offline

    Posts: 583
    Joined: Oct 10

    Apr 22nd, 2011 (4/22/2011 9:25pm) in reply to clantaztic

     
    Originally Posted by clantaztic View Post

    LOL at people ripping the guy for his english when people are writing obv and lol in every other post.

    this does not make any sense at all
  19. jeppg1111 jeppg1111 is offline Disabled account

    Posts: 3,705
    Joined: Jan 05

    Apr 22nd, 2011 (4/22/2011 9:45pm) in reply to eDaN

    markets are very interesting, would love to get into this a little more gradually but for now im just gonna keep grinding poker and invest in long term, buy/hold

    http://www.pocketfives.com/f13/being...trader-634741/
    Edited By: jeppg1111 Apr 22nd, 2011 at 09:46 PM
     
  20. awlin60 awlin60 is offline

    Posts: 5
    Joined: Oct 10

    Apr 22nd, 2011 (4/22/2011 10:04pm) in reply to jeppg1111

    start a porn site.
  21. thearthurdog thearthurdog is offline

    Posts: 1,839
    Joined: Jan 08

    Apr 23rd, 2011 (4/23/2011 12:36am) in reply to 56off56

     
    Originally Posted by 56off56 View Post

    Since poker is out of the question now and you like to push buttons and sit on-line, there are many opportunities to make a decent living playing the stock market, forex, etc. etc. Take a course ( they're not long). You don't need a huge role to make a decent living. 10-20K will get you started.
    You can daytrade stocks and that will fill the Void of playing Poker..
    Just a thought..
    GL.

    FFS do not throw much money at this unless you are very experienced. If you wanna fuck around with some penny stocks just to play with it, fine, but get experience and training first before investing big $$.
  22. StayCalm StayCalm is offline

    Posts: 671
    Joined: Jul 08

    Apr 23rd, 2011 (4/23/2011 1:42am) in reply to clantaztic

     
    Originally Posted by clantaztic View Post

    LOL at people ripping the guy for his english when people are writing obv and lol in every other post.

    To be fair "lol" just got added to Webster haha
    In relation to this thread, day-trading is very hard. I tried it in college for small amount of money and it took me almost 3 years to really get the hang of it. Buy/Hold is most certainly the best way to go if your a beginner investor.
    Edited By: StayCalm Apr 23rd, 2011 at 01:45 AM
  23. wilmont wilmont is offline

    TN
    United States

    Posts: 47
    Joined: Jan 11

    Apr 23rd, 2011 (4/23/2011 2:20am) in reply to StayCalm

    As a former stock broker and financial planner, I can tell you that day trading stocks is extremely difficult. Trading options and commodities makes playing poker look like a sure thing, very, very risky. It can be done but takes a major commitment of time and $$$.

    Not saying, just saying. :)
    Edited By: wilmont Apr 23rd, 2011 at 02:21 AM
  24. BenJamin327 BenJamin327 is offline

    Rapid City, SD
    United States

    Posts: 245
    Joined: Aug 10

    Apr 23rd, 2011 (4/23/2011 3:13am) in reply to tyson219

    Trading Forex is a zero sum game, but trading stocks is not, as stocks have a long term upward projecting tendency
  25. tyson219 tyson219 is online now Moderator

    New York, NY
    United States

    Posts: 2,120
    Joined: Feb 06

    Apr 23rd, 2011 (4/23/2011 3:52am) in reply to BenJamin327

     
    Originally Posted by BenJamin327 View Post

    Trading Forex is a zero sum game, but trading stocks is not, as stocks have a long term upward projecting tendency

    Eh...OP said day trading. Day trading is pretty close to zero-sum, although there is a touch of long-term trend that makes it slightly greater than zero-sum.
     969 
  26. Nate Avenson Nate Avenson is offline

    Park Rapids, MN
    United States

    Posts: 1,730
    Joined: Jan 08

    Apr 23rd, 2011 (4/23/2011 3:56am) in reply to eDaN

     
    Originally Posted by eDaN View Post

    this does not make any sense at all

    ovb oll
     
  27. fratzner fratzner is offline

    Indianapolis, IN
    United States

    Posts: 406
    Joined: Dec 05

    Apr 23rd, 2011 (4/23/2011 4:21am) in reply to SlappyJay74

     
    Originally Posted by SlappyJay74 View Post

    The average day trader loses money. role LOL

    Although I do recommend mutual funds. Def not single stocks.


    so do average poker players, be better than average.
     
  28. DeaconMike DeaconMike is offline

    Rockaway Beach, MO
    United States

    Posts: 428
    Joined: Nov 06

    Apr 23rd, 2011 (4/23/2011 4:56am) in reply to fratzner

    As someone who used to trade stocks and futures for a living, I can
    tell you that the only thing taking a four hour course on trading will
    do is give you a little confidence. Then if you decide to actually go
    ahead and trade using real $$$ you'll quickly realize that you're over
    your head and have no idea what you're doing.

    I traded full time for eleven years and it took me a long time and many
    losing days before I mentally built a solid trading foundation and learned
    how to trade with less emotion. Playing poker and trading are very similar
    in that both games are always changing. And over the past few years the
    market has become more volatile and less predictable and a lot of that is
    due to the influx of new online traders who end up getting crushed by
    the bigger institutional traders and wall street banks who mainly control
    market direction.

    My advice to anyone who is considering a career change to a full or part time
    trader is to sign up with an online broker and trade using a demo account. This
    way you can practice trade with play money using the same trading platform
    you would be using if you were trading with real money. You'll also be able to
    witness the daily market volatility and how that effects the trades you are in.
    Also, don't listen to other people's trading advice. The only way to be a long term
    winning trader is by learning how to locate potential winning trades on your own.
    It took me close to a year of trial and error to create a list of 8 stock scans that I
    used on a daily basis to locate my plays and it was all done through hard work.
    Trading is way more difficult than poker imo.
  29. drgnarn drgnarn is offline

    Las Vegas, NV
    United States

    Posts: 663
    Joined: Jan 10

    Apr 23rd, 2011 (4/23/2011 5:09am) in reply to DeaconMike

    Know your role jabroni!!
  30. Appst08 Appst08 is offline

    Posts: 5,543
    Joined: Sep 07

    Apr 23rd, 2011 (4/23/2011 7:03pm) in reply to drgnarn

    roll's fresh out da oven
     
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