One of the biggest similarities is how little your profits matter. If you make $1,000 in anything it is a big deal, but if you make $1,000 in the stock market or in a single pot it doesn’t matter. That money can come and go, anyone can make money in the markets or playing poker.
Trading is a serious business. And to decide whether it is similar to poker or not we must compare trading with poker. What is similar and what is different?
Myth 1. “The winner in poker is the person who wins most pots”. Wrong. The object of the game is to win the most amount of Money. If you go for winning pots all the time you will loose money. To be a successful poker player you need to know when to abandon the pot and fold your hand. Winning a lot of pots and loosing big pots is a costly mistake.
7. Winners take poker as business. When you play poker there must be no personal feeling between you and the opponent. You can not let feeling rule the game; it does not matter if you play against a girl you fancy or recovering from the last bad beat. To be a winning player you can't afford to indulge yourself with emotions and satisfy your lust, ego or revenge. Winning players take professional approach and work on winning the money.
You can develop you own strategies with hands you can use during a game, learn how to use the percentage mathematics on your hands, and mask your poker bluff.
Trying to help overcome this problem, concentration on the gradual growth should be mentioned. Attention to aspects of the game that you learn every day and the substitution of long-term goals into short-term will help you stay on course and will give confidence. Nevertheless, if you want to become the next great poker pro, your high expectations will lead you to despair before you achieve your goal. Do yourself a favor and put more realistic short-term goals for the first place on the way to the dream.
An alternative to the Chris Ferguson Method there is the Classic NL (no limit) Method. The basic concept of this method is to keep at least 2000 big blinds for the level you want to play. That’s right! to be properly rolled for $0.01/$0.02 you need at least 40 dollars. If you’re winning at the level you are playing at and you find the players easier to beat, then you can drop your bankroll threshold to 1500-2000 big blinds. As you start to move up to $0.25/$0.50 and $0.50/$1.00 I would very much recommend you stick to 2000 big blinds as variance has very damaging affect money wise. Please note that you will need more than 2000 big blinds for 6 max tables and heads up.