Stocks VS Poker

Now that I've learn a lot more about stocks, I realize how much similar it is with Poker.



Stock: You can control company risk (by choosing the right ones), but you can't control the market risk (crash).
Poker: You can control the cards you choose to play (premium hands), but there's nothing you can do when you run into a cooler.



Both:  You can't be right all the time. You can, however, maximize your profits when you are right and minimize your losses when you are wrong.



Both: It is all about return on investment in the long run - not one or two sessions.



Stock: You can't control the emotions of the market. Even the best companies stock can plummet.
Poker: You can only make sure you get in with the best hand. The rest is up to the gods.



Stock: You need to know when to buy, and when to cut your losses and run.
Poker: You need to know when to hold'em, and when to fold'em.