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The next short term goal

Posted by fstanq

As I mentioned in the first post, I'm going to be breaking down my goal for the end of the year in small achivables to make it easier to track and keep me motivated. But before I jump into that, let me tell how I'll be managing my bankroll and my criterias to move up:

Bankroll: 30+ BI up to NL50. 40+ BI at NL100+
I think this is very conservative even though most of you may think it is standard. The fact is BR is not such a huge problem at these stakes as I'm not grocery grinding, but will be as I move up, and the 40+ could be 50-60 or even more depending on the stake and how I’m feeling in regards to the following;

Criteria to move up: I can decide to go with a looser bankroll management eventually (like if my salary doubles up or I see a lot of bad players at upper stakes), but I need to have these requirements fulfilled before I move up:

1. I’m beating my current game at a high winrate over a decent sample;
2. I’m profitable at my current stake without much or any table selection;
3. I’m not too worried about the money (either because it doesn’t mean much or because I’m well rolled for that stake);
4. I’m mentally prepared for higher variance and understand and can deal with the problems inherent in playing a higher stake.

With those things in mind, the next two week challenge will be the following:
Play over 15.000 hands of NL25 maintaining a considerable high winrate (I’ll not set a bar here, but it should be well over 10bb/100), without table selection.

I’ll be working a lot on my focus during the entire session as I have spotted a leak in my game where I tend to loosen up after one hour or two into the session, depending on the cards I’m getting and table dynamics/villains. An expensive leak according to my HEM, so fixing it should yield a higher winrate.

If everything goes as planned I’ll be leaving NL25 behind and play only NL50.

I’ll try to make a video of one session and post here on DTB and I’ll also update the blog with the results on every short term goal once a week. In the meantime I’m thinking about sharing my poker schedule, how I review my play and study, things like that. If you’re curious about something leave a comment so I’ll know what you want to see here :)

Happy grinding!

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The beginning of a poker quest!

Posted by fstanq

I’ve been playing this game for awhile. But I’ve also taken long breaks from this game for a while. College, jobs that requires travelling, other hobbies… Whatever the reason may be, I think the one that made me quit most of the time is mainly the fact that I was never actually successful at the game.

I started playing at the 0.10/0.25 tables on Party. Back in 2008 that was the lowest limit available there and the games were fishy, really fishy. But, well, so was I. And without much poker concepts or proper bankroll management, I went broke quite fast, and not just once or twice. I was fortunate enough to approach the game as a hobby and wasn’t too worried about the money lost. Nevertheless it was becoming an expensive hobby, and my pride and competitive nature made me want to get better at the game. 'Super System'-like books and some expensive training sites subscriptions later and I established myself as a small winner at NL50, but along came the hard years of college and I couldn’t find time to play (nor was having the fun I expected).

I was away from the tables for over two years when a friend from college said he was on his way to play poker at a new cardroom just ten minutes away from my house. Too hard to resist, so there I went. I was hooked once again, but didn’t had the time to play as it was my senior year and I was already travelling all around South America for my job, so I restricted myself to only play some live games on the weekends. The games where soft, but I was only a very small winner at best, and all the money won went to more party.

Last year I got my degree in Aerospace Engineering, a new job and some free time. Soon after that poker found his way into my routine and I was playing NL50 and had a good winrate at the beginning, but not much bankroll management, especially because the money didn’t mean as much as it use to. And confidence came and I decided to try my lucky at the NL100 tables, where I lost half of my roll in a couple weeks. Moved down to NL50 and lost some more mainly because I did not want to move down and at that point everything was making me tilt badly: loosing flips, coolers, bad runs, big hands not getting paid, etc. I was becoming a calling station. Luckly I acquired some HM reports knowledge back in 2009 and could see all my stupid mistakes with it and start fixing them to stop bleeding money. Small Stakes was (marginally) profitable once again.
Long story short, I decided to play a mix of NL25 and NL50 for now, even though I’m easily rolled for NL50/100, so I can fix my leaks ‘cheap’, grind up my roll with a conservative BR mngmt and work on some mental game issues. I discovered in my working experience that I work better breaking down long term goals into small deliverables and facing things as a challenge to nurture my competitive side. That’s where this blog comes in: you’ll help me keep track of everything, make public notes on things to improve, see how I progress on each topic and remember the small goals. The long term should be easy to remember: 5/10 by the end of the December! Ambitious, I know, but I’m not worried about the disappointing side of having ambitious goals – I prefer to focus on how pleasuring it will be to achieve it.

I shall update this at least once a week in the hope of making an interesting read. Any feedback is appreciated.

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