Let’s explore that premise a little further – playing Sultanpoker88 for profit versus investing wisely in, say, the stock market.
To begin with, you have to become very familiar with the ins and outs of that market; get all the information available. Your education and knowledge is very important. Take classes; reading books; discuss the stock market with experts who have been successfully involved over the years. You may decide to hire a specialist to advise you along the way to help you select the “right” stock, at the “right” time. Likewise, there are opportunities like that in the world of poker.
What is also desired is strong familiarity with the company you are considering investing in, its market, and its competitors. It is similar to choosing a variety of poker in which you will concentrate your efforts. As a recreational player, you may prefer low / medium limit hold’em cash games. Professionals usually enjoy high limit cash games and / or tournaments.
Likewise, it is important in poker to “know” each of your opponents. Is he tight or loose, passive or aggressive? Is he cheating – prone to bluff? Is she the calling station that will last to the end after she has invested in that pot? In that case, you shouldn’t try to bluff him. On the other hand, you can get more call station chips when you increase the value.
When is it best to sell the shares? What’s your prognosis for stocks based on economics? Are there any new developments that will compete with the company’s products? Similar considerations should apply to your poker game. You are way ahead; but the texture of your table has changed. You prefer to play loose games that are less aggressive. Two new players have sat down, and they love to raise and raise again. It’s not for you. Exit that game.
Conclusion: Play poker as if you were making a wise investment; hence, you are more likely to come home victorious. Otherwise you are gambling – it only depends on luck. On the other hand, investing wisely is analogous to being very skilled when playing poker.
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