Quote:
Originally Posted by d3 fact0
There are a few studies in the field of behavioral economics/finance that clearly show that those who keep track of their short-run bottom line make worse decisions. In poker terms, it's -EV to keep track of your BR in real-time! Besides, if you are sufficiently rolled for your stakes, there is no good reason to keep track of your account balance; just focus on maximizing your LR EV of every decision.
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I can see your point, and I focus on every hand independently. That's natural for me, because that's how the (electronic) cards behave. Because of that I can't really tilt, because every new hand is totally independent of the earlier ones, I only try to learn as much as possible from them.
But in the end it's the cashier balance that decides if you are a long term winner. The short terms in a way add up, and get meaning, stronger the more hands that are played. Downswings of one month don't really bother me, if I feel I've learned something. But I like to have a system that prevents me from fooling myself. Read: cashier balance, let's say midlong term.
And with the new all times highs coming in, sometimes with one month between, sometimes five times in a row, probability of me being an expected loser decreases.
Seeing my current graph would be more informative though, but cashier balance taken with a grain of salt will do for now. The Poker Tracker 3 will be a pleasant experience after my antiqued PTO has lacked functioning after the hand history change Stars did.
And lastly: those not looking at their cashiers are probably the gamboolers, who don't care about if they are losing, and then they probably are. As with everything: try find the balance