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20 Poker Quotes that Apply To Trading Too

Poker is one of the very few casino games that are like trading. Unlike other games where the casino keeps the odds in their favor in poker there are many ways to get an edge over other players at the poker table. The way you play the odds can give you an edge, folding on bad hands quickly and playing the best hands only give you an advantage. Managing risk per hand can keep you in the game while others blow out. Sticking with the odds instead of letting emotions take over is another big advantage over other players. I have a buddy that plays well in poker tournaments and it is odd how we can talk about the same elements of strategy that matches both endeavors. Both poker and most financial markets are zero sum games where money flows from those who do not know how the game works to those who do.

  1.  “Living in the past is a Jethro Tull album, not a smart poker strategy.” -Richard Roeper
  2. “The beautiful thing about poker is that everybody thinks they can play.” -Chris MoneyMaker
  3. “If there weren’t luck involved, I would win every time.” — Phil Hellmuth
  4. “If you can’t spot the sucker in the first half hour at the table, then you are the sucker.” — Matt Damon in Rounders
  5. “The cardinal sin in poker, worse than playing did cards, worse even than figuring your odds correctly, is becoming emotionally involved.” -Katy Lederer
  6. “You cannot survive without that intangible quality we call heart. The mark of a top player is not how much he wins when he is winning but how he handles his losses. If you win for thirty days in a row, that makes no difference if on the thirty-first you have a bad night, go crazy, and throw it all away.” -Bobby Baldwin (more…)