Quote:
Originally Posted by Do it Right
I have no doubt that a huge part of success in online poker at reasonable stakes is emotional apathy. Not feeling too good when you win $xxxx in a day or feeling too bad when you lose as much. Not losing faith in your game when you go on a 20 buyin downer or 50k breakeven but similarly not feeling unstoppable or better than you actually are when you go on an extended 20bb/100 upswong.
I'm not sure that can really be 'learned'. For that matter I'm not really sure it'd even be desirable to learn as it's not necessarily a great characteristic outside of poker. Literally every successful high stakes player I've known has had some sort of apathetic melancholy towards life in general. It begs the question of whether they were like that before poker and such a trait simply helped them or whether it was developed as a result or adaptation to poker. In any case the end result is the same.
I agree with this. I do think it can be learned, though, just play a few million hands and swings in either direction just roll off you. They have to, or you become an emotional wreck (e.g., some of the posters itt). Heh, maybe it can't be learned, hence the dichotomy itt...
For myself, I pay myself an hourly rate (based around expectation) so my short-term results at the tables are meaningless. When I went on a horrendous break-even a few years ago, I still collected my hourly wage for months and life went on as usual.
The business was going through a downtrend. Fortunately it wasn't bad enough to where I had to start docking my only employee, but that's because my take home pay is the same when I'm crushing. A simple money management plan that I implemented around 9 years ago that has served me well.