Why do they do it?

This is a discussion on Why do they do it? within the General Trading Chat forums, part of the Reception category; Originally Posted by DashRiprock i dont mean bout looking at a players "hand history" (watever that is) but just that ...

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Old Feb 6, 2011, 12:41am   #316
 
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Re: Why do they do it?

Quote:
Originally Posted by DashRiprock View Post
i dont mean bout looking at a players "hand history" (watever that is) but just that it looks like there are lots of probabilities and "trade sizes" in poker and you can nearly always rely on the average person to get it all wrong?

so just have an expectancy based poker strategy based on the fact that most people are crap at gambling rationally?
This used to work great at low stakes- you could play mechanically because the standard was so poor and so you could play many more tables than the higher stakes games which required alot of intuition and table feel. SNG tourneys were even worse, basically there was a purely maths based way to beat them, which is why you could play 20 at once even without stats software.

This is all old information from when I used to play 3+ years ago, things have probably gotten much harder even at the low end now and in the SNGs.
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Old Feb 6, 2011, 12:59am   #317
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Re: Why do they do it?



well the only thing i know about online poker is watching my housemates do it from uni. i went to good uni but still they were bloody stupid at it.

so... but.... well look in trading you can make good trading from joining in on position squeezes which is basically the same as bluffing with the bigger bloke.

and trend following is basically trading from people all following each other like in gold.

but as well alot of people in trading know about the mind bits of it and also the maths and the stats of it.


if the average poker punter is just the same as the average ratil punter, it should be easy just to squeeze there beans for protif no?
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Old Feb 6, 2011, 1:12am   #318
 
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Re: Why do they do it?

is this guy full of zhit or what?.lol

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Old Feb 6, 2011, 1:15am   #319
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Re: Why do they do it?

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Old Feb 6, 2011, 1:32am   #320
 
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Re: Why do they do it?

I would but a... Spatula city already hit me up!>
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Old Feb 6, 2011, 2:04am   #321
 
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Re: Why do they do it?

Why are people still going on about this. He said he played 5 million hands. Anyone with a brain knows that's crap without even having to do the numbers, and the timing. If I count beyond 10 I am already getting bored. Nobody counts to 5 million. He doesn't have a f*ing clue how many hands he's played. Nobody knows if they've done 5 million hands. It is all BS. So either he meant it loosely and was exaggerating, or he's a liar. Either way, the statement is BS and irrlevant. And there seems to be a lot of other stuff, in fact the majority, in this thread that is BS.
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Old Feb 6, 2011, 2:27am   #322
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Re: Why do they do it?

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Originally Posted by Shakone View Post
Why are people still going on about this. He said he played 5 million hands. Anyone with a brain knows that's crap without even having to do the numbers, and the timing. If I count beyond 10 I am already getting bored. Nobody counts to 5 million. He doesn't have a f*ing clue how many hands he's played. Nobody knows if they've done 5 million hands. It is all BS. So either he meant it loosely and was exaggerating, or he's a liar. Either way, the statement is BS and irrlevant. And there seems to be a lot of other stuff, in fact the majority, in this thread that is BS.
on another thread there was a guy saying that he had traded the same strategy for over two years and had:

* traded with 0.8 - 1.4 % risk per trade
* not had a drawdown more than 2% over 2 years
+> means in the least he never had 3 losers in a row
* had 90 winers in a row
* is trading with 1:1 r:r
* has 5% chance of 3 losers over 50 trades

each of these claims are made by a certain individual on the website.

anyone that
a) actually knows what trading is like
b) yet to make profit but not stupid
c) capable of doing multplication
d) just normal?

will realise that this is 99.99999% chance bullsh!t.

but here theres people that only can speak about trading from what they learned from a book!
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Old Feb 6, 2011, 2:35am   #323
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Re: Why do they do it?

this as well someone whos strategy is made up of:

fibs
support and resistance
bollinger bands
2 x oscillators with 2 types of divergence
3 x timeframes
price action
donchian channels (?)
moving averages

which for everyone that knows about trading in real life knows is a totally untradable strategy.
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Old Feb 6, 2011, 2:42am   #324
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Re: Why do they do it?

anyway my point is that its dead easy to pul a guy up on how many hands in poker hes played but when someone else wants to tell you how good it is down the yellow brick road the forum eat it up like chumps.

hint: **** on it htat hes lying.
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Old Feb 6, 2011, 2:58am   #325
 
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Re: Why do they do it?

Quote:
Originally Posted by Shakone View Post
Why are people still going on about this. He said he played 5 million hands. Anyone with a brain knows that's crap without even having to do the numbers, and the timing. If I count beyond 10 I am already getting bored. Nobody counts to 5 million. He doesn't have a f*ing clue how many hands he's played. Nobody knows if they've done 5 million hands. It is all BS. So either he meant it loosely and was exaggerating, or he's a liar. Either way, the statement is BS and irrlevant. And there seems to be a lot of other stuff, in fact the majority, in this thread that is BS.
Afraid that you can estimate how many hands of poker you've played. If you save the hands you can get a tracking program to analyse the hands like the ones i've suggested. There's also sites that verfiy it although they're not 100% accurate. However, i'll remain sceptical he's played 5 million hands till he shows some proof or details of sites/SNs.
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Old Feb 6, 2011, 3:52am   #326
 
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Re: Why do they do it?

If he were to just tell us his poker username we could search it on one of the many sites for searching online poker players! Like http://www.pokertableratings.com/ or http://www.officialpokerrankings.com/ or http://www.sharkscope.com/ or http://www.pokerprolabs.com/topshark/ (You get the idea!). That will tell us exactly how many hands he's played. Settle the doubt!
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Old Feb 6, 2011, 4:02am   #327
 
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Re: Why do they do it?

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Originally Posted by megamuel View Post
If he were to just tell us his poker username we could search it on one of the many sites for searching online poker players! Like http://www.pokertableratings.com/ or http://www.officialpokerrankings.com/ or http://www.sharkscope.com/ or http://www.pokerprolabs.com/topshark/ (You get the idea!). That will tell us exactly how many hands he's played. Settle the doubt!
It kind of won't really as PTR didn't track the time he said he played, some of the other sites may not go that far back either. Quite convenient
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Old Feb 6, 2011, 4:30am   #328
 
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Re: Why do they do it?

Guys - how low does this site have to sink before it clears out all these idiots?

Here we have BlackBison - a 'trainer of traders'. He was a pro-poker player with 5 million hands who managed to start his trading with the princely sum of 2k. Are you fncking kidding me? 2 grand?

He was trained by a failed prop trader that is so obsessed that he sleeps next to his trading screens and who for some reason has to create 'fluff' accounts to bring in returns he can't replicate with real money (by his own admission). We don't know how many fluff accounts he created but we know we have seen the best one.

BlackBisons 'technique' is to follow somebody else's calls and be take on a lot of risk. This has been done here ad infinitum and the end result is usually the same. Actually - saying that - even Spanish89 traded his own calls.

Now - what can BlackBison actually teach about trading when he's following calls someone else makes? Nothing at all. Still - he'll probably get a couple of grand out of people here - who will then probably lose 5 times that realising he's a flake.

At some point, somebody is going to lose their life savings following one of these people. It has probably happened already. For some reasons the implications of this has passed the people who run this board by.

Of course 'buyer beware' and all that - but why people that run T2W give these scammers air time is beyond me.

Don't short T2W - it really can't go any lower.
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Old Feb 6, 2011, 8:42am   #329
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Re: Why do they do it?

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Don't short T2W - it really can't go any lower.
Strong downtrend .. trend is your friend .. recent breakout to the downside .. model telling me to sell T2W .. must take the signal .. now I'm short .. sell low, buy lower .. am now hoping ODT comes back in a different guise ..
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Old Feb 6, 2011, 10:23am   #330
 
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Re: Why do they do it?

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Originally Posted by DashRiprock View Post
but here theres people that only can speak about trading from what they learned from a book!
You are 100% correct on that!
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