We margined up. RH wd only allow me to get $30,000 due to my history of high risk stocks.
*The cost for margin is $125/month.

Don’t worry, I’ll make u all believers.

Just like anything else, stop second guessing yourself and be confident in your God given abilities. Put in the work, then be ready to pounce when the odds are in your favor. You got this bruh

I can’t tell if you all are trolling him or genuinely believe this. Not hating at all just not something I would risk in his shoes is all. Trying to understand the logic behind these moves etc. I’ll drop it though just genuine curiousity. Gl to you

How much do you have for a poker bankroll? Granted, it is a slower run up but probably the choice with a much better overall outcome based on years past.

that looks like my sharkscope graph

I'm saying this completely with best intentions...

Have you considered talking with a therapist?

This is going to end very badly for you and hurt your family.

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Sorry I’m a noob can someone explain margin? Is it essentially a loan to buy more stock?

Pretty much.

such a train wreck, binks one penny stock (and gets out too early) and then heloc's his house and gambles it all (and more) on more penny stocks. putting it all in etfs/betterment minus a poker bankroll would likely be a more effective and less stressful way to ensure you can pay off that heloc

Ray, i heard them call your name for the 2/5 list earlier ... Never saw ya tho ... You playing tonight?

Can someone fill in the gaps for us fans of the thread but dont check everyday, correct me if I'm wrong:

- Rayz stops playing at Horseshoe (Indiana) out of protest / at some point gets banned for vlogging on casino property
- He sells "The Melody" a nice multi-unit apartment building that was generating great monthly income
- He takes all his monies from poker and sale of real estate - puts it on Robinhood.
- To his credit he binks a stock (ENPH) and makes a good chunk.
- Takes all his money and pays off his mortgage on his personal home.
- Realizes he has no money and he owes uncle sam taxes on The Melody and stock sale.
- Gets square on the taxes owed.
- Starts living that "semi-retired" life style (although I dont know what that means when a person has no income/retirement)
- Gets reinstated at Horsheshoe
- Pokers go break even for months in 2018

This is where it gets somewhat confusing
- Realizes he's essentially broke (although owns a $200K home paid in full).
- Convinces significant other (now wife) who is making monthly "rent" payments to take a HELOC on the home?

- Rays gets $50K and is gambling it all (plus a $30K margin) on random penny stocks?

- Also, doesnt this now mean the wife now has the 1/2 the home?

Im rooting for Rayz, he'll make it out of this....somehow.

U got it. Tight aggressive. I wdnt do it if I didn’t think it was ev pos.

Currently $560 in the bank and $1100 cash in my wallet. +$130 (+/- couple dollars) playing 1/2/5 today. So prob closer to $1200 ish in the wallet.
Total roll $1700 ish (+/- $50).



Fall property taxes due next week so half of $1200ish $600 from the roll will leave me $1100.
May hv to wd from RH but wd have to sell some to do so.

Fair question.
Last time I went to doctor for refills, doc says they don’t prescribe Lorazepam anymore. Something like not in contract. My doc suggested a psychiatrist instead of me dealing w it through medication. That was a month ago, and never got a call from no shrink. Not even sure it’s my style.

Fwiw I talked to a few during middle school years. Those were some dark days. It wasn’t by choice, but more advised by my parents. I never got much from it.

When I think it looks ugly we will adapt. For now, we are good. Give it some time. No need to panic for me.

I played til 4:20 ish. They moved up Halloween in our county due to bad weather tomo night. Had to b home for kids trick or treating.
Played 9:30-4. +$130
For some reason they never called the 2/5 w 15 otl and went the 1/2nl w 40 otl route when tables opened up.
Doesn’t look like it’s going on Bravo.

Crazy thing happened at the table today w a high hand.

Player College Kid is trying to sell his $1k high hand. Player Winning Reg buys it for $600. Just as they were shaking on it, the hh gets overtaken by a different player. Within seconds!

For Winning Reg Player sakes it was a fair price. Quad 8s w J kicker and inside 30 mins to go, 14 tables. Risking $600 to win $400

Got a hand. Need some input. Get to it tomo.
#BetOnMe

Did wining reg honor his deal?

I mean maybe you should find your own therapist. A good one can be useful. I was having a rough patch, and went to see one just because I knew that something wasn't right, and I needed help to see my way through it. She was a good sounding board, and helped me change my mindset in a couple of areas.

Also if you want to self study, look into CBT Therapy you can find good information online. If your into mediation and mindfulness try reading The Genie Within. It deals with the subconscious mind and paired with CBT I think it can be quite helpful.

Again I don't know if anything is wrong with you. I could be miss reading. I have followed this thread from the beginning, and have always been a fan of yours. You seem like a good father, provider, and human-being. But this really is like watching you take a match to everything you have worked for.

I mean you should take 20,000 put it in your bankroll and play poker, 10,000 for expenses, 2,000 for a therapist. And the rest if you really must gamble with stocks go for it. But no margin.

But you are seriously over leveraging your self. Does your wife even know what you are doing?

This'll be my last post on it as it doesn't seem were able to dissuade you from your strategy hut the problem seems to me to be that you don't know what you don't know.

It's sort of like a 1/2 live player trying to analyse whether a river call at 100/200 online is +EV. You might reach a conclusion but chances are it's wildly off base.

Gl though, I hope you run hot.

Not sure what time they called the names. You may have been gone by then. I just happened to notice because they called out "rayz" ... Just wanted to say whats up.

I started a thread that didnt get much traction and have layed off it for a while.

Living out of my car and some hotel doing the grind life.

I just found this quote on a financial blog. Fits OP to a T:

The other problem with gambling is that it leads to more gambling. One you are hooked on deals like this, it is hard to quit. They let you win just enough to keep you in the game - enough to think that you might gamble your way out of trouble. And when you lose? Many folks double-down on their bets, and take the next wild risk to come along, hoping that "this time" it pays out and makes up for their previous losses.

From the margin play to making $500-1000 on quick flip penny stocks. Just enough profit to get suckered in. And then going for a big home run.

OP has his house paid for but is basically cash broke! $1800 in the bank and you wanna gamble?

Yes

Yes. It’s my money. We hv separate accounts...She doesn’t what she wants w her $, and I do wat I want w mine.

HH. 1/2/5. $600 effective.

I make it $30 in bb after 4 limps w AK off.

5 way pot $150. Flop

A J 6 rainbow

Sb checks, I bet $70. *prob shd hv made it closer to $100. Player in middle calls.

Heads up, pot $290. Turn.

3 (all 4 suits)

I ch/call $100. *prob shd lead, but checked for some reason.

Pot $490 River

5.

AJ635.

I check again. Player bets $310.

What’s the play? Call or fold

*Villain is the same college kid that sold his hh. *He leveled himself into a horrible call earlier on a 4 card flush board w 2 pair.
*prob the highest vpip at the table. Stuck a little at this point. Seems to b annoying others w his bro talk and scooping pots like it’s his first time playing. I didn’t mind, but others did.

You underrepped your hand, so it's a call imo.