Tuesday, October 23, 2007

Why is the beginning of the month always a struggle?

Been getting lots of stick for not updating so after a bit of a break I shall now endeavour to keep going with regular updates. Hope there's still people dropping in to read this!

Ever since i started playing poker I've noticed a bit of an annoying pattern in my profit and loss trends. I'd work my socks off to ensure that by my month end I'd show a decent profit for that period, then I'd breathe out, take stock and start working on the next month. Invariably I'd start the new month off by doing my total nuts. I've talked to a few other people and they'd say the same thing. The Mrs does it as well! You then spend the next 2 weeks trying to work your way back to a break even point.

Octobers start of month plummet was particularly spectacular. I'd been playing a bit more cash and started with an afternoon session on the 5/10 tables, I managed to donk off $5000 in about 90mins, the 1st two buyins went south when all in with 2pair and then a set... the hands were virtually carbon copies and was up against top pair top kicker both times. The 1st he catches a better two pair and the second hits a double gutshot straight on the turn and river. On tilt i then walked KK into AA and AA then KK busted vs low sets. Wonderful.

Fortunately things bounced back a little sooner than expected. I managed to win a big chunk of it back in the evening placing 3rd in the BF 16k MTT. I'm playing this once or twice a week at the moment and managed a 1st and 3rd in the past month or two.

I'm still border line in terms of my bankroll... I keep building it up taking a chunk out to spend on something leaving it a touch exposed and then having a bad run to put myself in dire straights.... then knuckle down and build it back up again. I'm curently on my 3rd or 4th cycle of this, it's bad BR management I know but I've got other priorities at the moment.

It's quite scary that 2007 is nearly over. Live poker has been a huge disappointment for me this year, not because I've lost, but because I've not played. No satellite wins and no real trips of any note other than a few excursions to the Broadway in Brum. With Dusk Till Dawn opening in Nottingham next month I'm determined to get up there at least a few times a month. One fantastic thing about DTD is that you can use your MPPs to buy stuff and tournament entries from the live club. Anyone playing a reasonable amount of poker can rack up some decent buyins for free within a month or two. Well worth a look!.

2 comments:

Highstack said...

Take the first two weeks as holiday then hey presto you are level half way through with no pressure - you can relax and win :-)

DasLoot said...

Good to see a post after such a long beak.

I know exactly where ur coming from with ur beginning of the month tilt. I see to do the same for some reason and then after putting myself under hugh pressure I manage to claw it back to some form of respectability, but if I could erase the early losses then my monthly win rate would be quite impressive.

Anyway overall how is things going, are you managing to make a living compared with a daily job?

Good to see you back on the blog