Wednesday, February 2, 2011
Options in the stock market and poker
I'm currently listening to a money management course about playing options and it is almost exactly the same as bankroll management in poker. It talks about losing streaks and how the chances of having 5 losing trades in a row, which is basically the same thing as in poker. You WILL run bad at some point. The thing you want to keep in mind is that you want to keep yourself from going bust. The same idea applies to trading options. The similarities go on and on. If you are a winning poker player and can emotionally handle the swings, you might want to take a look into playing options. A lot of the things you have learned in poker can be immediately applied to options. Think about it.
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