@@caojidan8913LOL, I think you have it backwards. In poker you don't choose your cards. While In investing, you choose your stocks/bonds/etf's/options or whatever you decide to invest in. Hopefully your decision will be based on financial and historical data/news but the info is there. If you don't know how to invest then, yes it's like gambling but luck is certainly more at play in poker.
Whoever came up with this, whoever cast it, whoever produced it, and whoever edited it...all deserve a sticker for their fridge calender. Dude...even the dealer's body language was spot on.
Chess is more a game of vision. The more you play, the more you start to see reoccurring patterns. Which will help you in knowing what moves you should be focusing on.
As an investor, playing poker is the fastest way for you to reveal flaws in your character. In real investing world, there is no room for trail-and-error. So playing poker is the lessons to all investors with the lowest cost
as a forex day trader …I started out playing no limit holdem poker in college …the patience & risk management involved in both are similar …however the variance in poker seems to swing deeper than trading
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here on out of devastation maybe i should start gambling lol
yes indeed it is but gambling and investing in stocks are both different absolutely nothing enjoyable when you are losing your life savings money in real life that is why i play it safe by having a stock broker that has helped me made over 900k in stocks this year i will advise that than playing poker lol
@@PapilonKai true, initially i wasn’t nt quite impressed with my profits at all haha opposed to my previous performances over the years i was doing so badly and mind you i used to gamble years ago too so i figured i need to diversify my assets i touched base with a portfolio-advisor and that same year i pulled 550k on my own
@@gunjanbanerji4527 I would love to see people I enjoy learning from in the trading community like Patrick Boyle, Trader Tom, Trades by Matt, Amish from APJ Capital, and Kyle Williams (all can be found on UA-cam under eponymous channel names). Also big banking & investing names names like Jamie Dimon, Steve Cohen, Ken Griffin, Howard Marks, Bill Ackman etc But also traders like Ross Cameron from Warrior Trading and Mike Bellafiore from SMB Capital.
I've read the book 'thinking in bets' by Annie Duke and watched this documentary a month later. I'm a full time trader myself and just recently visited Las Vegas. Watched the Poker players, I didn't know nothing about Poker but was curious to learn. In both worlds, it's about the odds and the bets. Just gotta love it. Calculated risk.
Great to see poker being recognized as a powerful tool for learning key investment principles at top trading firms like Susquehanna. On the strategy side, I do agree with most of the reasonings mentioned in this video, except for the call with pocket kings in the small blind. Maximising $EV with strong hands pre-flop is crucial, especially out of position. Deviating from an optimal strategy only makes sense if you’re playing with your entire bankroll at the table-which would be reckless from a bankroll management perspective.
By viewing each trade as a carefully sized “bet” and practicing thoughtful risk management, poker-savvy traders aim to preserve capital and exploit edges over time-rather than trying to “win it all” in one big move. That discipline and willingness to learn from every result are what separate the long-term winners, whether at the poker table or on the trading floor.
Your videos were great!! I am one of your viewers and have been watching your videos lately. I would like to invest, but I still can't find the right investment to commit to. I will appreciate any help here.
I usually go with registered representative; Zachery M Demers, He provides a more grounded approach, looking at factors like market demand, regulatory changes, and adoption trends. This approach enable to make informed decisions rather than solely relying on emotional market dynamics
When I saw his testimonies all over the place I thought it was all made up of stories till I was convinced and gave it a try and honestly I don't regret the move I made because I invested in a big way.
I was making every trade long and short on the same day same assets. I was making money on every single trade. I was given a wash sale I didn't deserve. This hurt my equity so I could no longer pick up my shorts. It doesn't matter how good you are it only matters who you work for.
Being just an occasional recreational "low risk" video poker player, much of the info may not apply to me, what I did find useful was perhaps how the game of poker parallel's life itself. Like we are all metaphorically dealt a random set of cards at birth, some being dealt a worse "hand" than others, yet having a chance to improve that "hand" (still nothing in life is guaranteed). Your stoic advice of "don't try and chase your losses" and "don't panic" seem useful in everyday life situations (financial or not).
correct me if i am wrong. is this how mark Douglas explained 'thinking in probabilities'? not 100% what they discussed in this video, but he als o used gambling to explain principals of trading, i m reading him currently for the first time so i m curious.
Probably from people who are not poker players, so they’re not going to be able to comprehend. Yet they feel the need to put their opinion on something to make themselves feel better.
@@FiveBetFold it’s the whole thing where everyone shames gambling but loves stocks. Or they doesn’t realize all their rich idols took way bigger gambles than they could at any casino...
It’s always funny to see these people talk about humility. They really have no idea what it means to be humble; admitting you’re wrong is not being humble people but appreciating what you have no matter how little that’s being humble.
Depends my friend..it always depends. I love the players that check call their kings all the way to the end then check raise on the river into a paired board or 3 to a flush.
No. Earlier they were telling you about how each action provides you information. small bets preflop and all in on the flop tells you nothing and you only lose when you are beat (which you were)
You weren`t even technically all in , because you had way more chips. So when you lost the hand, you didn`t lose the tournament, if it even was a tournament. I understand that for the video it would be too complicated for non poker players what was going on exactly, and I did really like it.
These two games are demonic. Once you played long enough, strange phenomenon happens and you can never escape tilt no matter how reasonable you think your strategy is. When it comes to probability (gambling) and free will, there are things that happen that are beyond human comprehension that will break the logical mindset no matter how perfect your strategy appears to be. It's almost as glorious as entering the backrooms and finding no solution to the problem.
Not making up to a million before retirement is unfulfilled retirement.!! I’m 54 and my wife 50 we are both retired with over $7 million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on FED for our misfortunes. Saving and investing lifestyle in the stock and forex market made it possible for us this early, even till now we earn weekly.
all you mention are all good but I’ll advise you venture into fx first because it will help you grow your portfolio very fast and it require not so much to start
WOW. !!! was a broker & a "decently good Poker & card -counting Blackjack player". It's Absolutely amazing...(What u Don't/Didn't Know ). What a GREAT analogy.....WOW...... Amazing what you can learn....( I NEVER...put the two together) !!!.... think I wanna jump into the "way-back" time machine. REALLY Excellent. !! Thanks
"Combination of self serving bias and Dunning Kruger effect leads people to not doing good job of critically evaluating their skills." Take home for me today. Thanks
Why this Wall Street firm wants its traders to play poker: on.wsj.com/3ZhfncP
Stop insulting poker with trading. Poker need skills more than luck, where trading is just pure luck.
I get it poker is strategy and timing at the same time and trading in the same almost.
@@caojidan8913LOL, I think you have it backwards. In poker you don't choose your cards. While In investing, you choose your stocks/bonds/etf's/options or whatever you decide to invest in. Hopefully your decision will be based on financial and historical data/news but the info is there. If you don't know how to invest then, yes it's like gambling but luck is certainly more at play in poker.
@@caojidan8913How profitable are you at poker? Those guys are billionaires.
@@caojidan8913 You are obviously not a trader lol
Whoever came up with this, whoever cast it, whoever produced it, and whoever edited it...all deserve a sticker for their fridge calender. Dude...even the dealer's body language was spot on.
thank you so much!
Such an awesome concept for a video. Should be the start of a new series where you interview new traders every week while playing
Great idea!
I need to learn poker now. Chess for physcology , poker for risk management. I love the idea
“I don’t believe in psychology, I believe in good moves” Fischer
Did Fischer really said that. LordHenrik my liches handle,if you mind for some games
Chess is more a game of vision. The more you play, the more you start to see reoccurring patterns. Which will help you in knowing what moves you should be focusing on.
I'm realising chess, poker and trading are the holy trinity!
ludic fallacy
This is by far one of the best informative video i have ever seeen in a long time by WSJ. We need similar videos related to the concept
Simply brilliant. Highly recommend Annie Duke's book: Thinking in Bets for those with an interest in poker, probabilities and trading.
Thanks for the recommendation, I'm going to buy that right now, looks very interesting.
Thanks, I have it unopened on my shelf for a while.
As an investor, playing poker is the fastest way for you to reveal flaws in your character. In real investing world, there is no room for trail-and-error. So playing poker is the lessons to all investors with the lowest cost
plz elaborate more on the flaws
Is playing poker on the phone okay as well?
Her questions AND pokerskills/pokerface were extremely impressive!
thank you!
Meh! Could be scripted, shouldn't trust media people.
as a forex day trader …I started out playing no limit holdem poker in college …the patience & risk management involved in both are similar …however the variance in poker seems to swing deeper than trading
Would love to see Jamie Dimon in this.
He's from the commercial credit world, not trading. I doubt he would do any better than the average person off the street.
In order to manage risk we must first understand risk. How do you spot risk? How do you avoid risk and what makes it so risky?
It becomes risky if you don't have an edge.
And most people just know what an edge is but in reality only few understand what an edge is
Please make it part 2. This is so fun. I learnt a lot. I like their analysis.
they were great to chat with.
Really cool video concept! Thanks WSJ 😊
Application of knowledge has no boundaries.
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here on out of devastation maybe i should start gambling lol
yes indeed it is but gambling and investing in stocks are both different absolutely nothing enjoyable when you are losing your life savings money in real life that is why i play it safe by having a stock broker that has helped me made over 900k in stocks this year i will advise that than playing poker lol
@@PapilonKai true, initially i wasn’t nt quite impressed with my profits at all haha opposed to my previous performances over the years i was doing so badly and mind you i used to gamble years ago too so i figured i need to diversify my assets i touched base with a portfolio-advisor and that same year i pulled 550k on my own
@@PapilonKai thank you thank you please whi is this person that guides you?/??
@@Dasilver-h3t please search Selena-Nicole cefaloni for all the details you need
you are welcome
@@PapilonKai thank you so much i just researched and reached out to her and a call was scheduled, i am grateful man.
Make this a series with guests in the trading and investment world!
Great idea! Who would you want to see?
@@gunjanbanerji4527 I would love to see people I enjoy learning from in the trading community like Patrick Boyle, Trader Tom, Trades by Matt, Amish from APJ Capital, and Kyle Williams (all can be found on UA-cam under eponymous channel names).
Also big banking & investing names names like Jamie Dimon, Steve Cohen, Ken Griffin, Howard Marks, Bill Ackman etc
But also traders like Ross Cameron from Warrior Trading and Mike Bellafiore from SMB Capital.
Great video. This needs to be watched many times to get all the valubale nuggets! Keep up the great work.
thanks!
I've read the book 'thinking in bets' by Annie Duke and watched this documentary a month later. I'm a full time trader myself and just recently visited Las Vegas. Watched the Poker players, I didn't know nothing about Poker but was curious to learn.
In both worlds, it's about the odds and the bets. Just gotta love it. Calculated risk.
I approve of this video
What a well produced video. Thank you WSJ! Educational and entertaining.
glad to hear it!
Great to see poker being recognized as a powerful tool for learning key investment principles at top trading firms like Susquehanna.
On the strategy side, I do agree with most of the reasonings mentioned in this video, except for the call with pocket kings in the small blind. Maximising $EV with strong hands pre-flop is crucial, especially out of position. Deviating from an optimal strategy only makes sense if you’re playing with your entire bankroll at the table-which would be reckless from a bankroll management perspective.
Very elegant of you to boost their ego at the end, allowing them to win!
I like the guy in the blue shirt's analysis on Taylor Swift game.
this is awesome. as a trader who plays texas weekly this resonates well
this is really good video, thanks to all making this!
So cool! Need to see more of these vids
please make this a recurring series with different people across finance and business
So insightful
Thank you!
so interesting - more of this!!!!
thank you!
Love your video. Great concept and the interview is really good too.
thank you!
look at these very sophisticated gamblers
Is that a nft on your profile from a project on near chain?
Great insights on poker and investing strategies! 📈
this was awesome to watch
Greetings from Canada! Great story.
This was pretty interesting
Great video for anyone who does both 🎉
Love this!
7:40
Wow, this is fantastic content.
thank you!
I loved every second of it
Great content
I watch market related videos on a daily basis. This video simply tops all of them!
Such a beautiful piece of concept and execution 🫡
By viewing each trade as a carefully sized “bet” and practicing thoughtful risk management, poker-savvy traders aim to preserve capital and exploit edges over time-rather than trying to “win it all” in one big move. That discipline and willingness to learn from every result are what separate the long-term winners, whether at the poker table or on the trading floor.
Very useful information
absolutely amazing!
thank you!
@@gunjanbanerji4527 yea you hosted really well and asked the right questions gunjan!
This is so good.
best video on you tube
I loved this❤
Very cool!
must be a video with Richard Thaler! Father of behavioral economics
Man this was a great video
That dealer is cold
This is a 💎!
this is what happens when traders talk to average thinking people. I love it
Great stuff. Thx
i will never understand poker , but i love trading
It’s simple; the one who has the most chips at the table(institutional) takes the money of the little fish (retail)
Oh how I wish Steven Cohen was also at this table!
And like Citadel, Susquehanna has made more from front running retail order flow than they ever had from taking risk from trading.
Nothing about that is true.
The dealer was silently begging for her to play her turn hahaha
Love this story! What a cool approach to gamify learning and skill development. I want to learn how to play!!!
Gunjan Banerji❤ good to see a Bengali woman in such a reputated role ❤
The fact she couldn't do this is Bengal speaks poorly of you my friend
Bet they didn’t count on Oasis making a comeback when putting on that Taylor Swift bet
I always hated playing cards it repels me ❤❤🎉🎉 I tried a lot like bridges
Your videos were great!! I am one of your viewers and have been watching your videos lately. I would like to invest, but I still can't find the right investment to commit to. I will appreciate any help here.
I usually go with registered representative; Zachery M Demers, He provides a more grounded approach, looking at factors like market demand, regulatory changes, and adoption trends. This approach enable to make informed decisions rather than solely relying on emotional market dynamics
he often interacts on Telegrams
@Zachfinance
When I saw his testimonies all over the place I thought it was all made up of stories till I was convinced and gave it a try and honestly I don't regret the move I made because I invested in a big way.
A CNBC news host spoke highly big about this woman and hIS loss preventing strategies. Been trying to reach hIM since. Thanks y'all for the info
I was making every trade long and short on the same day same assets. I was making money on every single trade. I was given a wash sale I didn't deserve. This hurt my equity so I could no longer pick up my shorts.
It doesn't matter how good you are it only matters who you work for.
Did not expect subsky execs to name drop T swift and A grande
Jeremy Wein reminds me of Toby from The Office. Cool training technique.
Being just an occasional recreational "low risk" video poker player, much of the info may not apply to me, what I did find useful was perhaps how the game of poker parallel's life itself. Like we are all metaphorically dealt a random set of cards at birth, some being dealt a worse "hand" than others, yet having a chance to improve that "hand" (still nothing in life is guaranteed). Your stoic advice of "don't try and chase your losses" and "don't panic" seem useful in everyday life situations (financial or not).
I love this takeaway. Such a good point.
Very true
Boy do I have a song recommendation for you
@@nicholasdelorey45 Let me guess, "The Gambler" by Kenny Rogers
My secret trading sauce is trading fast, don’t over analyze don’t hesitate just pure speed
So, why did you choose Pocket Option over other brokers? What’s the advantage?
everybody should play poker
Good 👍
Playing poker with SIG is actually so cracked
👏👏👏
correct me if i am wrong. is this how mark Douglas explained 'thinking in probabilities'? not 100% what they discussed in this video, but he als o used gambling to explain principals of trading, i m reading him currently for the first time so i m curious.
She wasn't even listening most of the time, she took the game way to seriously. Probably a very competitive person
I tried my best! I am competitive.
@@gunjanbanerji4527 me too! :)
@@gunjanbanerji4527 You're there to interview people, not to play poker. Insecure competitive.
Does anyone have book recommendations for learning to play poker?
I’ve been saying exactly this yet people think I’m crazy.
Probably from people who are not poker players, so they’re not going to be able to comprehend. Yet they feel the need to put their opinion on something to make themselves feel better.
It's a known thing in a trading world.
@@FiveBetFold it’s the whole thing where everyone shames gambling but loves stocks. Or they doesn’t realize all their rich idols took way bigger gambles than they could at any casino...
Applys to card counting in blackjack too
interesting he mentioned ppl generally take more risks to earn back their money
I like craps. Hold'em is more about human psychology than risk management. All gambling games are about risk management.
Can this be used on the free version of tradingview?
❤❤❤❤
It’s always funny to see these people talk about humility. They really have no idea what it means to be humble; admitting you’re wrong is not being humble people but appreciating what you have no matter how little that’s being humble.
Should I have gone all in with kings? What do you think?
Depends my friend..it always depends. I love the players that check call their kings all the way to the end then check raise on the river into a paired board or 3 to a flush.
Absolutely
No. Earlier they were telling you about how each action provides you information. small bets preflop and all in on the flop tells you nothing and you only lose when you are beat (which you were)
@@paulm6081 pre-flop betting is the best. So much hope..
You weren`t even technically all in , because you had way more chips. So when you lost the hand, you didn`t lose the tournament, if it even was a tournament. I understand that for the video it would be too complicated for non poker players what was going on exactly, and I did really like it.
What’s your experience with Pocket Option’s demo account? Is it worth it?
Amen. God love you brothers and Sisters. 🙏😇❤️✝️
These two games are demonic. Once you played long enough, strange phenomenon happens and you can never escape tilt no matter how reasonable you think your strategy is. When it comes to probability (gambling) and free will, there are things that happen that are beyond human comprehension that will break the logical mindset no matter how perfect your strategy appears to be. It's almost as glorious as entering the backrooms and finding no solution to the problem.
I think she is a lot better at poker than she let on.
Not making up to a million before retirement is unfulfilled retirement.!! I’m 54 and my wife 50 we are both retired with over $7 million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on FED for our misfortunes. Saving and investing lifestyle in the stock and forex market made it possible for us this early, even till now we earn weekly.
Investment should on every wise individuals bucket list. You will be ecstatic of the decision you made today.
I got my first house the year I started investing and today networth is over £3m
so perfect
I really need a nice investment to venture into I'm thinking of Crypto assets, stock or Real estate
all you mention are all good but I’ll advise you venture into fx first because it will help you grow your portfolio very fast and it require not so much to start
Susquehanna international Group.
Sig is one of the most crooked market makers. They regularly bet against their customer order flow.
great example of stairs on the way up, elevator on the way down. She kept winning then lost it all in the last hand.
The difference in poker is that they can’t manipulate the table.
The guy sounds like Louis litt
WOW. !!! was a broker & a "decently good Poker & card -counting Blackjack player". It's Absolutely amazing...(What u Don't/Didn't Know ). What a GREAT analogy.....WOW...... Amazing what you can learn....( I NEVER...put the two together) !!!.... think I wanna jump into the "way-back" time machine. REALLY Excellent. !! Thanks
Seems like the dealer has shown a a wrong card there 16:52
Will watch to the end, but the deranged background music at the start nearly made me bail early.
Gambling is a tough gig.
I respect it 🫡
"Combination of self serving bias and Dunning Kruger effect leads people to not doing good job of critically evaluating their skills." Take home for me today. Thanks
Ohh Gunjan...she is pretty 😁