Quote:
Originally Posted by hurtNCYDE
Good luck, mate. What cryptos did you make money from if you don't mind me asking?
Thanks! I actually made most of my profit from Bitcoin futures contracts; by getting very, very, very lucky selling near the top in mid-December. After learning from that experience, I now (mostly) just use futures to hedge my Bitcoin/Ethereum holdings.
Week of February 4-10:
I didn't set any goals for last week; I just wanted to play as much tournament poker as possible without sacrificing anything from my personal life. I didn't want to miss a friend or family get together or put my other interests on hold in any way. I think that the week was a success because I managed to easily play five sessions:
This week, I'm looking to add a some structure and set up my social life in advance. I plan to play Monday to Wednesday and Friday to Saturday for a total of five sessions.
I think that I both played and game selected among the micro-stakes fairly well, but observed a few things throughout the week that I can fix up going forward.
I never went above twelve tables, a mistake that I would routinely make in the past--not wanting to miss a 'Big' or 'Hot' or 'good-value' game on a site other than PokerStars. How silly that was, especially considering that if you don't have the table space at that point in your 'schedule' it's because you're already going deep somewhere. That's clearly that's where the focus should be!
I think that a negative 'red line' is probably a solid strategy at the micro-stakes, where most of the profit is coming from relentlessly value betting in position. That said, I think a good goal is to endlessly strive to increase the slope of that red line. Just because most people call way too much before the flop doesn't mean that they don't fold way too much after the flop, especially on later streets. It felt like opponents never checked back a value hand on the flop IP and conversely, always check-raised a value hand on the flop or turn OOP.
I played on PokerStars, 888 poker, party poker, and Titanpoker and found it increasingly difficult to load a turbo MTT given a fixed table count and the large number of good structured games to choose from. I expect this trend to continue, especially once I get WPN and Microgaming into the mix of sites.
Overall, it was a solid confidence building week. I'd like to repeat this a couple of time before I start playing MTTs $10 or above. I think this week I will add in $5 games, and look to add in $7-8 games the week after, hopefully making it up to $10 games for March.
Regarding repayment of my debts, my first goal is to generate $10k USD of profits when I will cut that in half and distribute it to everyone. That seems like a reasonable process to rinse and repeat until everyone is paid back. After the principle is taken care of, I can figure out what else is owed for the time value of money.
See everyone next week, and good luck on the tables!