[OFFICIAL] "The Pen:" Live NLHE Chat Thread - Page 204 - Live Low-stakes No Limit Poker Forum

For some reason I always thought there was a stigma around using your phone at the table so I don't use it for anything other than music.

Still doesn't help me from zoning out, misremembering action, or completely missing it altogether.

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02-25-2020 , 11:54 PM

#5077

Mr Spyutastic

Carpal \'Tunnel

Join Date: May 2012 Posts: 15,252

Quote:

Originally Posted by Donat3llo

As long as it's not in your crotch during the hand and you're not starting at it it should be fine.

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02-25-2020 , 11:55 PM

#5078

RoadtoPro

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Join Date: Jan 2019 Posts: 6,600

DC S&P down to 3130. It was just at 3350.

The last time it fell 3% two days in a row was November, 2008.

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02-26-2020 , 12:02 AM

#5079

Dream Crusher

banned

Join Date: Mar 2016 Posts: 18,786

Quote:

Originally Posted by RoadtoPro

100% positive everyone itt could crush the games my friends and I play in.

100% positive you have no idea.

Quote:

Originally Posted by RoadtoPro

but the difference with the games in Texas is that technical knowledge/bazillion years of experience isn’t really that helpful imo. so that levels the playing field a little.

so it helps to hear what adjustments to make/ what to look out for.

better than losing $5k first before revamping your strategy

Where all have you played outside of Texas?

Quote:

Originally Posted by RoadtoPro

probably. But put them in a 1/3 environment for similar stack sizes in a completely new game flow 1000 BB deep and a lot of the skills are less important.

So you're saying they need to be Wynn 5/T pros.

Quote:

Originally Posted by sixsevenoff

I banned myself from using my phone when playing 2/5, except when I use the bathroom and have noticed some positive effects

I banned myself from using the bathroom when playing 2/5 and have noticed some effects.

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Originally Posted by RoadtoPro

squid what did you do before poker?

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02-26-2020 , 12:11 AM

#5080

Dream Crusher

banned

Join Date: Mar 2016 Posts: 18,786

Quote:

Originally Posted by RoadtoPro

DC S&P down to 3130. It was just at 3350.

The last time it fell 3% two days in a row was November, 2008.

The market was largely overextended anyways. Logic would dictate that it should fall further but the stock market often defies logic. How far it falls will largely be based on technicals and whether or not it breaks key levels of support.

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02-26-2020 , 12:13 AM

#5081

RoadtoPro

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Join Date: Jan 2019 Posts: 6,600

Quote:

Originally Posted by Dream Crusher

100% positive you have no idea.

probably not. I’d like to think you guys know what you’re doing though.

Where all have you played outside of Texas?

Winstar. Morongo in CA. can I play anywhere else? (legally)

So you're saying they need to be Wynn 5/T pros.

Assuming it’s uncapped? then yeah. I think I’d be comfortable in the 2/5 $1500 cap.

looks fun

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02-26-2020 , 12:19 AM

#5082

RoadtoPro

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Quote:

Originally Posted by Dream Crusher

this is certainly true but almost everyone seemed to believe that when it hit 3000 a few months ago.

bound to be right eventually

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02-26-2020 , 12:21 AM

#5083

RoadtoPro

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also wasn’t November, 2008 around the same time as the biggest global financial crisis since 1929?

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02-26-2020 , 12:39 AM

#5084

Dream Crusher

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Join Date: Mar 2016 Posts: 18,786

Yes but I'm not seeing the parallels with 2008. We've had similar 2 days drops as recently as 2 years ago. A 2 day drop is just a 2 day drop, nothing more. 2008 was much more than just 2 days of drops. There were multiple days with drops of 9% each.

If you add today's drop and yesterday's drop together it's still not as bad as the 20th worst day in history.

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02-26-2020 , 12:41 AM

#5085

Dream Crusher

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Join Date: Mar 2016 Posts: 18,786

The news likes to make it a bigger deal than it is because they are trying to sell the story.

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02-26-2020 , 12:42 AM

#5086

Donat3llo

Faster Than Ski Patrol

Join Date: Jan 2013 Posts: 23,020

Quote:

Originally Posted by Dream Crusher

There are a lot of days in history though, even top 50 is bad.

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02-26-2020 , 12:45 AM

#5087

RoadtoPro

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All of that makes sense!

I don’t really know anything about the stock market apart from the finance degree but it really interests me. Especially the magic of compound interest from my investments as a teenager till I’m 60.

I don’t listen to the news but I read the Wall Street Journal and have spent considerable time on Bloomberg terminals.

why do you think it took so long for the corona virus to impact international equities? Seems kind of random for it to affect prices all of a sudden?

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02-26-2020 , 12:50 AM

#5088

Dream Crusher

banned

Join Date: Mar 2016 Posts: 18,786

Quote:

Originally Posted by Donat3llo

There are a lot of days in history though, even top 50 is bad.

I don't have a list of the worst 50 days in stock market history but these aren't them. The 20th worst day is -6.97%. Yesterday was -3.35% and today was -3.03%. To put that in perspective, 2018 had 5 days that each lost 3% or more.

The worst day was Black Monday in 1987 which was down 20.47%. Even so, that year still ended in the positive.

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02-26-2020 , 12:51 AM

#5089

RoadtoPro

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5/365 though DC. and not on consecutive days

I agree with you completely however on the logic of it not being the end of the world. seems like a big deal though

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02-26-2020 , 12:58 AM

#5090

Dream Crusher

banned

Join Date: Mar 2016 Posts: 18,786

Quote:

Originally Posted by RoadtoPro

Because the headlines got bad in the last couple days. Apparently Wall St didn't expect this virus to continue to spread. Wall St doesn't really connect dots. They just wait for news and then act on it. Shanghai Composite up again. They are pretty much flat for 2020.

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02-26-2020 , 01:03 AM

#5091

RoadtoPro

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Quote:

Originally Posted by Dream Crusher

got it! speaking of stats btw, today and yesterday were the 3rd and 4th worst point losses in the 123 year history of the Dow Jones.

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02-26-2020 , 01:06 AM

#5092

Dream Crusher

banned

Join Date: Mar 2016 Posts: 18,786

Quote:

Originally Posted by RoadtoPro

5/365 though DC. and not on consecutive days

I agree with you completely however on the logic of it not being the end of the world. seems like a big deal though

There was a drop of 4.1% and 3.75% in the same week February of 2018. There was no recession, and no end to the bull market.

Right now the market is 5.7% from the all-time high. If it lost another 10% that would be a healthy much needed correction. If it lost even more than that then maybe get worried.

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02-26-2020 , 01:07 AM

#5093

Dream Crusher

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Join Date: Mar 2016 Posts: 18,786

Quote:

Originally Posted by RoadtoPro

got it! speaking of stats btw, today and yesterday were the 3rd and 4th worst point losses in the 123 year history of the Dow Jones.

Which is completely meaningless data that will only mislead you, so it's best to ignore such headlines.

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02-26-2020 , 01:09 AM

#5094

RoadtoPro

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Quote:

Originally Posted by Dream Crusher

hmm yeah this makes sense. February 2018 feels like forever ago but in the context of the stock market it’s like last week

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02-26-2020 , 01:11 AM

#5095

RoadtoPro

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Quote:

Originally Posted by Dream Crusher

Which is completely meaningless data that will only mislead you, so it's best to ignore such headlines.

yeah, you’re right. I think it’s because I was in 4th grade during the last crisis. can’t imagine what a 50% drop must have felt like for those who were about to retire..

also won’t the eventual correction hurt the poker economy? as people may lose their jobs

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02-26-2020 , 01:12 AM

#5096

Dream Crusher

banned

Join Date: Mar 2016 Posts: 18,786

Quote:

Originally Posted by RoadtoPro

got it! speaking of stats btw, today and yesterday were the 3rd and 4th worst point losses in the 123 year history of the Dow Jones.

Pretty much that's akin to a 1/2 player losing $2000 at 1/2 and a high stakes player losing $3000 at $500/$1000 and someone saying that the high stakes player had a worse day because he lost more.

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02-26-2020 , 01:15 AM

#5097

RoadtoPro

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Quote:

Originally Posted by Dream Crusher

Pretty much that's akin to a 1/2 player losing $2000 at 1/2 and a high stakes player losing $3000 at $500/$1000 and someone saying that the high stakes player had a worse day because he lost more.

oh yeah duh. since the larger the index grows the less impactful a higher point loss is in terms of %?

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02-26-2020 , 01:21 AM

#5098

Dream Crusher

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Join Date: Mar 2016 Posts: 18,786

Correct. It's like a poker player that used to play .01/.02 and now plays high stakes.

A drop in the stock market of 10% would not cause people to lose their jobs. As long as the stock market does not lose 20% it is considered healthy.

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02-26-2020 , 01:22 AM

#5099

squid face

ChatThreadPrez

Join Date: Dec 2009 Posts: 11,506

RTP - thx for the tips...summer stuff is still in the works but I will prolly try and hang there minimum of 2 weeks.

Ran a reasonably large successful blackjack team prior to pokering

pokered again tonight 6.0 hrs. mojo back in full swing currently enjoyin a berry noice heater

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02-26-2020 , 01:25 AM

#5100

reaper6788

Pooh-Bah

Join Date: Oct 2009 Posts: 3,860

Talking about point swings is all for hype and to sell headlines.

If you're not planning on buying or selling a significant portion of your equity position soon it doesn't even matter what the price is right now.

A lot of my compensation is in RSUs so this makes me a little sad, but my next vest isn't for a few quarters.

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