Poker players make good traders

in poker •  2 years ago 

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Susquehanna #SIG billionaire founders Arthur Dantchik and Jeffrey Yass are a testimony to how poker really is training for investing/trading. Gregg Sciabica aka lx21 also agrees that poker players make some of best traders because they only trade when they have good hand and higher odds of winning.

Their firm focuses on ETF (Equity traded funds) and options trading (cover call and uncovered calls). They recommend staff learn poker. Poker is a type of training for trading because you are constantly scanning and ready the opponents for information that you can use in comparison with your hand of cards. Also worse scenerio you fold and only lose the bid to participate or the calls and raises you put. Also you learn not to be emotional, do not reveal much information, control your poker face and minimize emotions.

Jeff and Arthur whent to Las Vegas to professionally gamble. In 1987 they went to California and started SIG. SIG (Susquehanna International Group) founded in 1987. Founders are Jeff Yass, Gerald Yass, Arthur Dantchik, Steve Bloom, Eric Brooks, Andrew Frost and Joel Greenberg.

On their first year they made $30,000,000. They ahve both been accused to avoiding income taxes and other taxes.

The Jeffrey Yass and Arthur Dantchik are accused of funding far right Israel and authorative American government bodies.

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