Working on my poker playing

I have been playing more online poker lately and really paying attention to trying to learn something.

The emotions of winning and losing are exactly the same in poker and the stock market. The difference is that you can play poker 24 hours a day 7 days a week. You can also play very small in poker, for pennies.

But I am noticing a lot of the emotions are very similar, there were a couple times in the stock market where I lost all my profits from a bad fill. This would make me mad and I would immediately try to get that money back.

I would really feel like something had been taken from me that should have been mine. Like I was cheated out of my profits.

With poker the exact same thing happens, you have the best hand on the flop (the nuts) and you bet all your money, and then by the river some one with a hand that they should not have been playing beats you, takes the money that should have been yours, and does it by playing very badly.

I go on tilt and immediately try to get back my money, usually from that person, I start playing hands I should not be playing, and I always end up giving them more money, sometimes a lot more.

This is where money management comes into play.

On October 20th, I switch to paper trading because I was losing too much money, and my plan is to keep paper trading until I am making a profit, for a couple weeks or a month.

I am really happy with the website at www.howthemarketworks.com I would say it is pretty realistic most of the time, it uses live quotes and looks like it gives you the last printed price for your fill. This means that some of the time trading SPY my actual fills would be off a penny.
About once every 15 or 20 trades it will come up with a price that is off a couple cents, but that can happen with a real money account too. In fact with futures it seems to happen more than it does with my paper money account.

Anyway, I am working on just playing poker and not going on tilt, sticking to my money management, which is pretty easy for me. Only take one 20th of my money to the table each time, this limits my loses when I have a bad streak, and keeps me in the game.
Lately I have been playing bad so I have been playing with closer to 1 30th of my total bank roll.
With the stock market it's not quite so easy to calculate your exact risk like it is with poker. But I am working on some kind of money management system for the stock market also. Right now it's easy, as long as I am losing money just don't trade with real money.