Quote:
Originally Posted by DonJuan
You always want to look for pattern with opening ranges instead of pure %. of course there a big difference between 70% open and 90% but what matter is where the cut off bottom of opening range and why. Sb% is like 66%. BB defend you can just think of only folding the worst 2x. Sb has mix strategy vs btn open. I really don't pay attention to the stats since what matter are strategy once you figure out GTO for each hands in each position. Here is another analog do you look at a stock and see the up and down of the graph(technique analysis) vs looking at it intrinsic value like business structure/cash flow/income statement for better clue of where the value are.
DonJuan, thank you very much for the prompt reply as well as using Finance as a comparable.
It's great you bring this up since I have never in my life cold-called from the SB unless I miss-clicked online or I was too tired playing 3 handed live. I hold the same opinion on this from the Micro Stakes LHE Pre-Flop Check-Up post as Rodeo in referecne to inquiry fro lawdudue:
Quote:
Originally Posted by lawdude
Situation I see all the time:
25-50 or 20-40 (although it also happens in 8 sometimes).
Decent player and/or TAG and/or nit opens UTG or UTG+1. She should have a pretty tight range.
Maniac who 3-bets ridiculously wide 3-bets. He could have almost anything.
Folds to Hero in position. Forgetting about the debate about whether we should be capping or just calling, what sort of range should we be playing here?
And now, same question with Hero in the BB, with it folding to us after the 3-bet.
Quote:
Originally Posted by rodeo
I think it’s a decent sized mistake to just call the 3 bet in this specific situation. Everything I’d want to play I would 4 bet. That doesn’t mean there aren’t spots where I just call 3 cold. There are. This just isn’t one of them.
If the maniac’s range is as wide as you suggest and the opener’s range is as narrow as you suggest, I would treat it as if were 3 betting the opener.
However, Bob148 response of having a cold call range may seem to make me think I should study the game more via SIM but I just don't feel confident cold calling 3 bets ever even if maniac is in the hand in lieu of 4 betting lighter.
I deeply respect Bob148 though since I know he studies the game outside the table quite extensively invluding the GTO concept and how it relates to EV.
Quote:
Originally Posted by Bob148
So this range raises in EP and maniac 3bets? Hmm ok. Depending on maniacs postflop spew factor I could play very loose here or very tightly relatively speaking.
a) preflop + postflop maniac = I call everything I play: 22+, A2s+, ATo+, K9s+, KJo+, Q9s+, QJo+, J9s+, T9s, 98s, 87s.
b) preflop maniac + postflop not so maniac = I call some hands: 55-TT, A2s-A5s, A9s-AJs, AJo, AQo, KTs, KJs, KQo, Q9s, QTs, J9s, T9s, 98s and I'll 4 bet some hands: JJ+, AQs+, AKo, KQs, QJs.
my 2 cents.
<Purely Offtopic Finance Info for DonJuan or Anyone Interested TlDr>
Hope the book reading of various Finance books are going well. Highly recommend Street Freak by Jared Dillian for a quick read depending on how fast of a reader you are. Would make you instantly want to start to want to become a Trader rather than a Poker player at least it reinforced it for me although my minset was pretty dead set on that after the book was recommended to me by mentor who leared how to trade from George Soros before going to college.
Going even further Off Topic but I would say I'm 95% technical, systematic trader and 5% discretionary based on the most optimal condition based on the security and a recommendation that my mentor generally follows.
For example, based on my experience backtesting FX when FXCM used to still be legal in the United States and weren't bombarded with negative press, 5 years worth of backtested data enabled the ability to create a purely systematic, automated VBA based trading model. The Quant Trader that built it majored in Math and was very very addicted to Trading but the Quant Trader's ability to trade 5% discretionary was phenomenal as well as my mentor's.
Crude Oil Options applies as well to this although that's a different animal all together that has way too many variables to take into account.
I'm not as savvy as Equity trading since FX and Commodity options like Crude Oil and Gold are much profitable at least based on CQG/Bloomberg Terminal.
If I were to trade or invest in equities though, I would always do a DCF (Discounted Cash Flow) analysis, then base it on the fundamentals like current events then, utilize the technical analysis.
Too many option strategies that can be utilized with equities as well though. You just need the capital or the knowledge to do those option strategies with equities or commodities but there are multiple books on those.
If you wanted a good book on how to learn to trade options, PM me since a good friend of mine was given a 500k+ hedge fund from his dad when he was like 18 (he's not American). I met him when he came to the United States to get his college education as a Master student in the school I went to and he read a couple books on options and he now trades options quite a bit on the OTC market, US majors, and Asian majors quite often when the market conditions imply him to do so. He's also a purely technical/systematic trader though when it comes to FX trading but I know he does have a bad habit of over trading from when he was younger.
There's another book a different friend of mine from college that recommended a book on options and he interned as a Trader at Goldman Sachs in college, then got a full-time job as an analyst in New York at Goldman Sachs so I imagine the book phenomenal although I haven't had a chance to buy it yet.