l....ol?

lololoolllllllllllll

I hope there are no sharp objects or cliffs close to you.

Let's try again, with a more straightforward attempt this time:

YOU LOST LIVE? LOLOLOL. WAT?!?!?!

Nope its not.

Only place I could win last year was vegas. Its unreal how soft the games are there. I've never played 1 player in the UK as bad as the average player there.

I got it, I was messin.

Had a bad run it happens

This is part of the reason why I don't think I'd find much value in posting or participating in strategy threads on here, but I'll leave it at that.

Perhaps I was a rich fish when i had the 300k, hopefully I can run well and regain my rich fish status.

It's been interesting to see some of the of the responses and nice to see people wishing me well. And yeah, if all goes well, I'll definitely be looking for a rematch against Zugwat, and there are a few other players I think it would be interesting to play, and some I probably owe some heads up action when I get the chance.

Someone made a comment about coaching i missed the first time around I imagine was mostly a joke, but if that staking was something like a 2k nl400 heads up freeroll at a 50/50 split, that might be too much fun to pass up
It occurred to me that now would be a perfect time for me to coach if people are interested, since I wouldn't be passing up on good high stakes action at the moment anyways. I'd mainly just be gauging interest at the moment, but if you think this broke rich fish could help your game, feel free to send me a pm.

I'm pretty easygoing and money wouldn't be my main concern, but I would have to get to know more about someone's game and thoughts to determine how I could help them first, and I'm sure it would be helpful to them to talk to me first to see how I think about things. I just have one person who I am potentially coaching at the moment, and I probably won't look into this too seriously until after next tuesday when I have some more time. I'm mainly just curious at the moment if there are many people that know of me that might be interested, or if you think I'm an uber fish, feel free to post that as well, it would be fun to see what people think of me.

suicide is your only option

OP, you still have $9k. Get on it.

OP, much respect for this honest post. the fact that you are able to deal with a 300k loss in this way suggests you have the right mindset

p.s. when i saw the title that you lost 97% i thought this was going to be "my bankroll was $200 now it is $6" or something like that

How much money in the bank, savings, investments vs how much in the roll?

you'll be back.. good luck at the tables
by the way what sngs do you play, i see you on the sng leaderboard on SS

Brag: Still have 3% of your bankroll left to lose

Good luck fella.

Good luck. You seem honest about what happened and I would be very surprised if you didn't exercise proper bankroll management from now on.

And PLO is the devil (even if the minidevil NLHE was involved here too). I bet loads of solid players will have their hopes crushed by the variance in the coming year.

lol wtf is this call. degenyamines everywhere.

Good luck to you sir! I hope to see a come back sometime in the future!

WWOWOOWOWOWWW

if ONLY on april 30th ur internet was out...

gl op

siiiiiiiick
gl robustoing

Thanks gman, yeah, it's tough admitting to myself how truly far I would need to move down. I have some friends who have been watching me play the high stakes somewhat often and know some people a little bit through playing with them at the tables, along with a bunch of people asking me why I'd been playing so low, so I was hesitant to want to move down before I really needed to. And now, it's quite clear to me that I'll need to, and part of the reason I made this thread was to solidify that in my mind. There's an outside chance that I might find someone to stake me to get to the higher games, but I don't know anyone well enough who has nearly the bankroll for that, so it's best to plan for myself.

Someone before had asked what I'd plan to play.
I'll probably start at the 2/4 tables, not sure if i'll play plo of nlhe, maybe I'll swap back and forth. I haven't really played much 6max nlhe in a while, maybe I'll try some more of that. I try to stick to a small number of tables of my focus starts to deteriorate, I think 3 tables of 6 max/shorthanded plo is a good number for me, maybe I'll try 4 or 5 nlhe 6 max, not more than 6 for sure. I don't really know the players well enough at these stakes to game select, but I'm not too concerned with that.

I'll probably jump up to 3/6 pretty quickly if i run well for a bit and go from there. As far as moving up to high stakes, I won't really have any fixed buyin method. It'll depend on the games that are running and how much risk I think there is. This was why I originally started playing 100/200, there some good looking games that I wanted to play while continuing to play 25/50 at other times, but I also played some extremely good players heads up in large part because I completely shifted my play to 1/2 instead of 25/50 whenever a higher game was available.

~~~(Note: this part is a bit rambly, but I enjoyed writing it. I summarize the more recent poker I've played a couple paragraphs down for those interested).~~~
I was too impatient, and I think that is one of my greatest weaknesses. Patience is definitely important in poker. I'm fortunate at the moment that I have time to be patient, and I don't have any immediate need to win and cash out any money. But there is also a benefit associated with impatience, although it is not nearly as useful as patience, because without patience, it can be harmful - the desire to succeed, to strive to excel, and to put in a ton of work to get to where you want to be and accomplish your goals and to make it happen quickly.

These two aspects can be very difficult to properly combine. This has definitely been a problem for me in the past, and I'm sure it affects many others as well. I had just started playing again after a long break about 40 days ago. I had the desired to succeed, but definitely did not have the patience.

I wasn't originally planning on posting this, but guess I don't see the harm. To provide context, around 9 months ago, i had around 145k and hit around a 100k downswing mainly at 25/50 plo, my graph basically looked like a mountain, solid slope up, solid slope down (My nlhe equity graph looked like a snake with it's mouth open, slight upslope for a lot of hands, then i started playing 25/50 - my equity formed the top of the mouth, my winnings, the bottom, found it pretty funny.) This left me with a little over 40k, definitely not enough to play 25/50 plo regularly, but I've done worse things in the past. I didn't want to move down, but I knew I couldn't just keep playing these stakes. I couldn't get my mind to decide between my impatient desire to play over my roll and recover my losses or the better option of moving down and playing it safe, but that could take much longer. So I just stopped playing. I didn't use the time I would be playing poker for other productive or beneficial things instead, but mainly just wasted a lot of it.

Around eight months later, which is like i said, a little over a month ago from now, I started to think that I might as well be using my time to start up playing poker again. So I did. I played a $110 heads up sng to get myself started. Then a $1100 husng. Then I don't remember from there, i may have played a $2000 or 2200 one somewhere in there, but at that point I moved to primarily playing the 5k ones. This obviously wasn't a good idea, and if i ran badly enough I wouldn't have let myself completely bust (the last 3% is crucial!), but I would have let myself lose most of it if i ran badly enough. I wasn't thinking of equity, or risk of ruin, and I'm not even sure if my aim was quick profits, but they were a convenient way to start playing again. They're pretty short, they have natural breaks in them where you can quit or take a break without much hassle, so aside from the rake and the fact that there isn't much room to play a deep game, they're pretty nice if you just play a few tables at a time. (Contrary to popular opinion, there is nothing wrong with playing one table at a time, particularly heads up).

As I continued to play, my impatience came back. I didn't consider moving away from the 5k sngs and managed to get up to around 100k before switching to cash games, eventually ending up with around 250k. I hadn't requested from stars to play high stakes before this point, but there were some games I really wanted to play. So of course, from that point I followed the variance around until I reached my stop.

~~~End ramble~~~

To a couple other comments: I have some money stored up in the bank and in cash, but it's not a lot relative to 300k. It may be a bit strange, but while on many occasions I've lost more than half of my roll in a day, played significantly underrolled, or lost a lot while playing too many tables and being unfocused, I don't really like cashing out from my bankroll much. That money is supposed to be used to grow itself, not sit in the bank.

And an important bankroll management rule that I have at least followed recently: don't let yourself go completely broke. That 3% is definitely key, sick brag i know.

Would you like to play heads up? Do you play 2/4 nl or plo?

I know, I'm sure the luck would have gone the opposite way the next day and I would have increased my bankroll by 97%.


I said I was going to play after lunch today, but I still haven't played. I must be very lazy.

An interesting way to look at things: life has provided me a bonus challenge, because continuing to play high stakes regs would have been far too easy.

You seem like a very nice guy, good luck on your journey back.

I predict this thread blows up a little.

ChipUniter,

Tough run but you seem to be taking it well. Wont be long before you are back at the top.

One thing to consider, if you are going to move down, trying playing more tables and getting rakeback. If you can train yourself, go from 2 to 4 to 6 then 8 and more if you can handle it.

I think Tom Dwan said recently he could make a nice living just 12 tabling 2/4 and receiving rakeback if he ever went busto, which I think really is true. You can definitely pay the bills that way.

I know PS doesnt do rakeback, use rakebackpros with fulltilt, also on cake poker the games are super soft and you can get up to 33% rakeback which really adds up.

Take care, good luck,

-C

Chip, no matter how you look at it bro, you f***ed up, and you f***ed up bad. It is important for you to realize that and spend a good amount of time figuring out what you can do to ensure this never happens again.

On the other hand, I hope you know that I have known many many players who have been in situations somewhat similar to you (yes some of them are guys you think are HSNL ballers). 100-400K BR to practically nothing and they don't even know what hit them. Yes, a good amount of these players recover and make a bunch of money back; but, the reality is a bunch of them do the same thing over and over again.

For both your financial and mental health you need to set some very strict BR requirements for each level, and then be mentally strong enough to execute those plans. From what I have read from you in this thread, it sounds like you don't plan on being stringent enough. Either way, good luck to you bro.