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
Joined Jan 2011
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
Joined Jan 2011
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.
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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