Cliff Notes for Late Comers to Thread

In 2013 my 2+2 thread started w a $40k 1/2nl challenge. This challenge came up about $6k short.
2013 Poker Totals
Cash: $35,031 @ 26.66/hr on 1313.5 total hours. 70.5% winning %
Tourney: -$1,027
Overall: $34,004.

2014 Goal was to play bigger
2014 POKER TOTALS
Overall for 2014:
Cash: +$45,314. $52.22/hr.
Tournaments: -$4,115
Overall: +$41,199

2015 compiled of 10 goals. In parenthesis next to each goal is how I ended up.
MY 10 POKER GOALS FOR 2015.
1). -Be up 6 stacks of high society by the end of 2015 playing 1/2nl up to 10/20nl. $60,000.($42,582)
2). -No Losing Months. (*April lost -$2,528).
3). -Log an average of 25/hrs a week.. (23.3hrs)
4). -Come in top 3 in the WSOP League Finale. Getting top 3 will win me a Las Vegas tourney package. (WSOP Packages are: $11k, $4k, $1,500. Finale is April 11, 2015). (*ended up getting 5th in Finale)
5). -Log 1,000+ hours at Horseshoe Southern Indiana's poker room. This feat will take me from platinum to diamond card. (*Diamond card achieved in July).
6). -Log 200 hrs in Jan and get the $400 promotional bonus HSI is offering. (HSI rake back promotion for Jan rewards a player $2 x hrs logged. 200+hrs requirement). (*Logged 202 hrs in Jan)
7). -Have a $10k winning month. (*January +$10,151 Overall)
8). -Have a $5k winning session playing 2/5nl or higher. (Nope)
9). -Have a $2k winning session playing 1/2nl.(*+$2,236 on June 26th at HSI. +$2,709 on July 10 at HSI
10). -Play a 24hr session (*May 18/19th at HCO+$1,059)

2015 POKER TOTALS
Cash: $44,412. $38.95/HR @1,140hrs
63% win. *Crushed 1/2nl @ $45.52/hr on 667 hrs. *Only $15.96/hr at 2/5/10nl on 185hrs.
Tournaments: -$1,830 74hrs
Overall: $42,582 on 1,214 total hours

2016
Attempted to go the whole month of March without talking. Lasted 8 days when I slipped and said, "Oh ****" while playing rummy with my daughter. No Talk March, #NTM, oddly led me into trading stocks where I started w $40k and ran it down to $20k and then back up. We toyed around trading on the daily, and learning the stock game.
*Didn't put in a lot of hours on the poker table and ended the year $21,759.

2017
$40K Challenge: Attempt 2.
Try to make $40k playing 1/2nl only.
The challenge got cut short on August 22nd when I received a lifetime ban from all Harrah’s properties for vlogging on premises. At that time, I was on pace to achieve this challenge.
Sold my Melody 5 plex. Put that money, and poker money on a penny stock that made me some serious cash. Used that to pay off my home mortgage.
Ban was eventually uplifted. Thanks to some poker player support.

2018.
No debt. No mortgage.
Monthly expenses have been lowered, and trying to live a semi retired life. But w little money leftover it feels I’m still trying to survive.
Money has been strapped ever since paying Uncle Sam 5 figs for profits on ENPH stock and capital gains of Melody, but we hv kept our head above water.
Didn’t track any poker this year.

2019
Got a heloc loan $70k (10k Sara and 60k me).
From that, we put $58k into the market and used $2k for poker/life roll. We added $4,000 to RH and was in the stock game for $62,000 total. Risked all-n on a couple high volatile stocks (NIO mostly) w margin capped to the brim.
We lost it all. Went broke and had to get a job driving for Lyft/Uber to build the roll back.
#semiretired life hasn’t worked out too great. We restructured our deal w Sara who owes me for when I paid off our house in 2017.
2019 Poker Stats: $6,313 on 427 hours $14.8/hr.

2020
After playing some catch up from last couple years, we finally got back on track. Going forward, everything earned will go towards the next shot take.
The 2020 goal is simple. $50,000 in liquid money by the end of the year. We started the year at $0.
What we gonna do once we accomplish the $50kl challenge? Super high roller? Buy a flip house? Another all-in on a penny stock? Who knows...

2021 GOAL:
We crushed the 2020 goal and sold the house during a booming real estate market 2021
•took all monies and loaded up w MANA coin. Nearly 200,000 coins of MANA.
•Rest of monies downsized to a 130k flip home
• will the flip be a flop? FLIP!!!
*sold flip (9/10/21) Made $21k in a 3 month flip.
Goal after the flip…pile more MANA, get back on the poker grind, and buy the rest of these sports cards rookies we need.
*Our MANA investment paid off handsomely. Made a MILLION DOLLARS!
*2021 Pokers started early in the year playing a over-raked, 5 handed Covid regulated game. Mid summer restrictions loosened up and the games started to look really gd.
Busted Main Event. Played poker horrible when it mattered the most.

The rookies cards for 2021 buys:
Tiger Woods ✔️
Messi ✔️
Roger Fed ✔️
Djokovic ✔️
Serena Williams ✔️
Tom Brady ✔️
Lebron James ✔️
Usain Bolt ✔️
Michael Phelps
Pete Rose✔️
Rafa Nadal ✔️
Jack Nicklaus ✔️
Michael Jordan ✔️
*Unopened pack of 1986 Fleer Basketball ✔️
*unopened pack of 2000 Bowman Chrome Football ✔️

Accomplished getting all these psa rookie cards, EXCEPT Michael Phelps. <-never found a decent deal.

2022
•Let our 1 million $ mana profits ride on xlm the whole year (on Voyager app). Cdnt make it through. Quit in April. Got drilled and lost half million

•Can we beat Sports Betting?
We got carried away and started chasing some bets. 3 figure bets turned to 4. 4 figure bets turned to 5. Im not the man I once was.

IN APRIL WE HAD A BREAKDOWN AND QUIT EVERYTHING. WAS LOSING BIG IN EVERYTHING WE DID. MANA MILLIONS WAS SHRINKING. TOOK A LONG BREAK. THE THREAD WAS ON A HIATUS UNTIL…late 2023.

2023:
It was time to update the thread on our big downfall. Came back to 2+2 in July. Felt it was right to update the followers of the thread. Gotta talk bout the bad just like we hype up the good.
We got low n life and got therapy. For over a year been trying to shake it out and get the mojo back. The motivation was lost when we were taking on 100k downswings. Work in progress.

this is the most sensible post i've seen from you in years!



that your roll management was your biggest issue betting sports is hardly a surprise for anyone that knows you. it seems to be a theme with all that you do which is why you've been accused of being a degenerate and/or gambling addict. would you agree your bankroll management is an issue when trading stocks as well?

Did you at least get what you had on Voyager off before they shut down? I had quite a bit on there, but luckily saw something on 2p2 that convinced me to bail right before they shut it down. With the 10k per day withdrawal limit I still ended up with a little stuck on there, but not enough to hurt, thankfully.

are you still all in paypal?

the idea of the house flip in here is pretty good. i know you have a large negative bias towards working but you seem to be really good at labor jobs (housing flips, handyman, the putting green / basketball court installation, teaching tennis). you're also way too young to retire and you really don't have enough money to just do nothing forever (the number is probably closer to 5mm than 500k). again not trying to be mean or critical or anything, but definitely something to consider

Hopefully he is. Up the past couple of days.

@marknfw Voyager and I had some issues. I won’t b going back. Lost some to them, but not much. It’s been a headache dealing w that exchange. Cdnt get into my account for the longest time. Glglg
@submersible had to cut ties on pypl right when I got to $400k. Pypl was around $58-$59. Wish I cd hv stayed a bit longer since it has recovered some. This reminds of the time I had to let go of NIO because margin ate me up and then it booms right after. Wdnt surprise me if PYPL does the same.

People seem to want to see me work w my hands, or some labor in some fashion. Well, I been pondering for couple months months bout a new goal. I think I hv a challenge in place that involves both labor and poker. We’ll discuss in a few weeks bout that.
For now, house is coming along smoothly. Inspection went great. Got ins quotes from a few different companies. Got that nailed down today w Progressive. The plan on closing Sept 29th still set.
Sara asked if I cd do $325k down payment (plus $5k closing) instead of $300k to make a more affordable monthly mortgage. I said sure. Once we move in, we will be splitting all bills 50/50 as usual. I’m cool w providing the 330k for my family.

Actually, we did take margin off at $400k. Then got down $380k. I just didn’t want to give up.



Today we made $20k on btc. Back over $407k.


Shd we turn margin back on a go for it w 4 weeks to go before closing?

you forgot to respond to this post!

My bad @Masta.
No I don’t see bankroll management being an issue trading. Don’t see myself as having an addiction or being a degenerate w anything.

If I find a decent spot we loading margin again. We cd send it in 4 weeks. It’s possible. But no wiggle room for downside.

Sold off btc at $28k today and just sitting on the sidelines.
Sara been worried I won’t hv the money for the down payment lol. I assure her it’s all gd. “It will b there.” After the 3rd time in as many days she asked again last night. This time it kind of annoyed me. I said “Sure will. U gonna have ur $330k too or just $0 still lol?” That wasn’t the Therapy Rayz thing to do.
Yeah I cd just w/d $330k for the house, but who wants returns on $70k when u can hv returns on $400k (for 4 more weeks).

Savage

That was smart ... PYPL could've had a big GAP down at any point when it was dangling at those lows (of course if you resisted the margin gamble you could survive those type of events and hold on)

If you are currently not playiing the poker, how is the bank allowing you to purchase a 3/4 million dollar home with 50% equity if you have no proof of current income beyond trading stocks? And I get wanting to do right by your family, but wouldnt you be just as happy in a 400k home and be able to sustain without stress?

Alternatively, why have losses on $400k when you can have losses on $70k?

In the space of just over a month you have managed to dust off over $100k on the market.

For someone with no full-time income, you're locking up a huge % of your capital in a property (assuming you don't squander it in the next few weeks). Is that really such a wise decision?

In any case, if you are going ahead with the property then the best play is probably to remove the money you need for the purchase and stick it in a bank to make a little interest until the sale. Go nuts with the remaining capital if you wish. If you're as good as you think you are then it should not be a problem turning that $70k into a 7 figure sum.

@LarrytheLegend my wife is the only name on the loan. I’m “gifting” her $330k. I’ll b added to the deed.
I mentioned here few weeks back that I wd b happy right where I am. But, family desires a little different, so all gd in the house too. We can afford the house. No stressing.

Any gd spots out there in the market? The big 3? DIS looking better? Time isnt on our side. Actually we prob hv only 3weeks before we hv to start transferring out.
Wife says we cd prob close on house sooner. I want all the way to Sept 29th. We need time!!!

$407k.

Cdnt find a gd spot today.
RBLX looking interesting if it goes lower.
Chilling.
30 days til closing.
30 days to lose $7k or spin it up.
30 days til new poker/labor goal.

Once we move, everything will b 50/50 on the house. Mortgage, bills, etc. We’re not gonna getting the calculator out or anything, but pretty even. Not sure how other married people go about it, but we hv always separated money and came together for bills.
Reason I’m saying this…After closing our roll w b $70k+. The plan will prob b stay invested w our remaining loot minus $10k for a poker roll. *no guarantee money coming in.

if your friend came to you and said i have no income and no intention of getting a job what % of my money do u think is reasonable to put down on a house when rates are at the absolute highest they've been in 15 years what would you tell him?

by my math you're putting 85%? of your money into this

considering how competitive he is he'd probably interpret this as a challenge and respond that he could be a bigger degen and one up his friend.

Why not. #easygame

Anything gd out there to load up on? May go RBLX today. What bout Doge? Elon got his Crytpo license and X will b able to process crytpo payments. He gonna implement doge somehow? He comin after PayPal too it seems lol. And phuck PayPal at 63. Of course. Shd b at $460k right now, but we live in present, f it. What bout AMC for the Taylor Swifties?

You're not seeing the bigger picture. If he kept this money in any form of liquidity it would be dusted off within a year like the other 700k or whatever. Unfortunately I foresee some kind of home equity loan in the near future when another "challenge" comes beckoning and he can't resist the gambling addiction.

Vast majority of married couples with children combine finances. It's bizarre to treat the mother of your children as some kind of business partner. The reason he does this is because he wants the freedom to gamble and dump off his money while pretending his family is unaffected. After all, its "his" money. The wife and elementary school aged kids? They can figure it out for themselves while he dumps another six figures into some meme stock

You think mortgage rates doubling is going to scare him off? If you think mortgage rates are high what do you think his margin interest is?

How interest rates and home prices are correlated likely isn't on the radar either.

For the record I think the thread is being a bit harsh on BS. This is fairly common actions by athletes and people who hit the lottery yet we treat BS like we are watching a monkey use tools for the first time.

If DIS goes to $79 next week we may hv to margin up. Right now we chilling w 13 btc and sitting w $400k. Gonna hv to transfer out $5k to checking. We paid my daughters rent today and barely had enough. Barely getting by.
gd weekend fellas.

BTC looks like pure AIDSsssss right now (like one of the top 5 worse looking TA charts since I started following it in late 2016) ... I am fully prepared to throw up in my lap again when it crashes yet again towards 20k

This thread is soo hard-core. I love it. Living proof of what happens when you get the wife on board with your dreams and schemes lol. It pains me to say it's basically inevitable you are going broke. I really hope I'm wrong though. You have a lot of heart