$500 to $100k Challenge
06-17-2020
, 02:03 AM
Hey everyone,
I have done challenges before and failed, I've done challenges before and stopped updating, so I want to start a new one. Especially now, as a real estate agent in NYC, I've relied on playing mostly full time the last 3 months for money and the foreseeable future will probably require the same until the market stabilizes.
So, I essentially started this challenge about a week ago. I traded $500 onto ACR and I have a had a great week. I shipped the $33 10k on ACR, and have been crushing cash games. Mostly, i play cash, but I am trying to re-integrate back into MTTs more.
Last week, I started with $500 and shipped the 10k for roughly 2k about a week ago. I played a full week of cash, and ended up running my total roll up to $6500. Then I cashed out $4000 through trading, and left myself about $2500. I did this in patches, at the beginning and the end of the week. These was no real rhyme or reason as to why I cashed out 4k and not more or less.
That being said, I realized that my efforts to do these challenges in the past have failed, in part, because I did not leave myself enough to play with. I think you take a lot more chances when you have $300-$1000, which I would do pretty much every time. With 2k-3k, or even more, I think your chances to win money greatly increase if you stay within yourself a slow build up to bigger stakes with more conservative bankroll management plans. The more you have, the more you try to protect it.
So, I came up with a plan. I want to cashout 66-75% of what I make every week, without fail. The rules are: Hit $1500 profit for the week, immediately cashout out $1000 and keep $500 and add that to the roll I'm building from. If I win another $1500, cashout $1000 and add $500 to the active roll. If you don't hit $1500 for the week, cash out 75% of my profit profit. If I'm between 1500 increments, I will cash out 66% of what's left over. For example, If I made $3300 for the week, I would cashout $2200($1000+$1000+.66x$300).
Each week will end Sunday night. I am hoping this will lead to me not needing to reload at all:
At the end of Week 1:
$6000 Profit
$4000 Cashed out
$2500 Active Roll
Current week (Week 2):
$600 Profit
$4000 Cashed Out
$3100 Active Roll
The goal is, to get to my "cash out" total and "active roll" total to add up to $100k. At $7100 right now, I think I'm off to a pretty good start. As long as I take it one goal at a time instead of trying to reach the end as fast as possible, I think I will complete this challenge.
Right now, I am primarily playing on ACR under the name "OnlinePoker?", Mostly MTTs and SNGs (all games), O8 Cash, S8 Cash, and PLO Cash. Stakes are all over the place. I may change where I play, though. I play a lot of app based poker normally, but haven't been over the last 10 days or so because I haven't been doing well there.
Hope I can use all of your comments and criticisms as motivation to hit my goal, and I look forward to sharing the journey with you all. Let's ****ing go!
Thank you!
Homestar
I have done challenges before and failed, I've done challenges before and stopped updating, so I want to start a new one. Especially now, as a real estate agent in NYC, I've relied on playing mostly full time the last 3 months for money and the foreseeable future will probably require the same until the market stabilizes.
So, I essentially started this challenge about a week ago. I traded $500 onto ACR and I have a had a great week. I shipped the $33 10k on ACR, and have been crushing cash games. Mostly, i play cash, but I am trying to re-integrate back into MTTs more.
Last week, I started with $500 and shipped the 10k for roughly 2k about a week ago. I played a full week of cash, and ended up running my total roll up to $6500. Then I cashed out $4000 through trading, and left myself about $2500. I did this in patches, at the beginning and the end of the week. These was no real rhyme or reason as to why I cashed out 4k and not more or less.
That being said, I realized that my efforts to do these challenges in the past have failed, in part, because I did not leave myself enough to play with. I think you take a lot more chances when you have $300-$1000, which I would do pretty much every time. With 2k-3k, or even more, I think your chances to win money greatly increase if you stay within yourself a slow build up to bigger stakes with more conservative bankroll management plans. The more you have, the more you try to protect it.
So, I came up with a plan. I want to cashout 66-75% of what I make every week, without fail. The rules are: Hit $1500 profit for the week, immediately cashout out $1000 and keep $500 and add that to the roll I'm building from. If I win another $1500, cashout $1000 and add $500 to the active roll. If you don't hit $1500 for the week, cash out 75% of my profit profit. If I'm between 1500 increments, I will cash out 66% of what's left over. For example, If I made $3300 for the week, I would cashout $2200($1000+$1000+.66x$300).
Each week will end Sunday night. I am hoping this will lead to me not needing to reload at all:
At the end of Week 1:
$6000 Profit
$4000 Cashed out
$2500 Active Roll
Current week (Week 2):
$600 Profit
$4000 Cashed Out
$3100 Active Roll
The goal is, to get to my "cash out" total and "active roll" total to add up to $100k. At $7100 right now, I think I'm off to a pretty good start. As long as I take it one goal at a time instead of trying to reach the end as fast as possible, I think I will complete this challenge.
Right now, I am primarily playing on ACR under the name "OnlinePoker?", Mostly MTTs and SNGs (all games), O8 Cash, S8 Cash, and PLO Cash. Stakes are all over the place. I may change where I play, though. I play a lot of app based poker normally, but haven't been over the last 10 days or so because I haven't been doing well there.
Hope I can use all of your comments and criticisms as motivation to hit my goal, and I look forward to sharing the journey with you all. Let's ****ing go!
Thank you!
Homestar
Last edited by HomeStar; 06-17-2020 at 02:25 AM.
