Quote:
Originally Posted by D0UGHBOY
It has nothing to do with being a poker player. It applies to all self employed people. You have to both the employer portion and employee portion of social security and medicare tax. I think it equates to like an additional 6-7% of what a person with a job pays.
Wow, when I come over to Vegas from Australia for 6 months will I need to pay taxes on my winnings too? In Australia all gambling winnings are tax free...
Quote:
Originally Posted by mixedminh
You're right. Its actually 14. Expecting a little hit soon but I'm not complaining.
Why? Why expect that you have to lose or stop "upswinging" for a better word (I don't use the terms upswing or downswing since reading The Poker Mindset by Ian Taylor and some other guy, highly recommended). If you are playing good, mindset is right, this "upswing" can just go on and on and on. Thing is there is no shape, timeline o any consistency with an up or down swing, the cards have no memory and each hand is completely new. The game gives zero ****s if you have won once in a row or 500 times in a row. Has no bearing as to how this next session will go. The only bearing on your win rate is the next hand you play and the decision you make in that hand, that's the only thing that will determine how much you win or lose after that session. Which will in turn determine whether you are "upswinging" or "downswinging".
Quote:
Originally Posted by mixedminh
Been overly emotional the past two days for no particular reason. Perhaps the lifestyle of sleeping on a couch and being lonely. Thing is I could easily put some money into renting a room. Reminiscing the past lately. Prob just one of those days. Years ago I felt unhealthy about my poker passions.. perhaps because I wasn't as committed to evolving as a player and just wanted an easier life without putting in the necessary efforts.. now my passion to succeed is stronger than ever and I am fully committed.. giving up a lot of my lifestyle comforts recently to insure a better chance of success.. keep telling myself just to be patient and stay even keel.. and I will. Be nice to feel a little normal.. a lot of people I meet think I just have a gambling addiction or I'm just chasing a pipe dream.. my best friend has been my greatest support and is encouraging though. He is a veteran from the Navy and understands lifestyle compromise.
All in all I'm just ranting. Took two days off from the grind and going back at it. I'm ahead of where I expected to be by now and im not too far from my 10k goal. I'm currently commuting 1 hour to foxwoods from MA and trying to decide where I will reside when I'm financially ready.. haven't slept in my car in 2 weeks which is awesome. Paying 50/week for the couch. Good things come to those who work for it.. right?
Quote:
Originally Posted by mixedminh
Lost 3 buying at 2/5. Was crushing at first. Got my roll up to 8k now I'm a little over 6k.. dropping down to 1/2 again. Will posts hands later. Feeling very defeated and low. I rarely feel like I am being outplayed and I certainly did. It's tough moving back down in limits. Perhaps I should take a mini break. How do you guys cope when you are on the downswing? I feel unmotivated.. which is strange because when my bankroll was 1k I was determined.
Do yourself a favour, download Audible on Android, sign up for a free trial and get Jared Tendler's book The Mental Game 1 for free and then cancel the membership. Listen to that audiobook, then get The Poker Mindset and read it, so easy to read and will sharpen your mental game up so much you will be a new man. Will help with everything, discipline, tilt, motivation, logic, understanding variance, must listen and read!!!
Cheers Mac