S
suckoutartist
Enthusiast
Silver Level
Just my thoughts on this subject, While i think its great to make a goal for yourself in this game, there is really a ton of factors i think should be considered when making a commitment to make a specific sum each month.
bankroll is number one i think, if you don't have the appropriate BR for the stakes you wanna be playing at then i would say put this commitment on hold before putting anymore serious thought into it. For example if you only have 2000$ to start with playing cash games, i honestly couldnt think that a $2000/month is a realistic goal. thats giving you 30 days to double your roll.... though its not nearly impossible to do, its a goal that i think involves too much risk that isnt worth the reward.
example: if you start with a 2000$ BR and only make 2000$ a month(which i assume is for living expenses, since its such an appropriate amount lol) that means at the start of the next month... the money you made will be gone... and youll be right back where you started... 2000$. [and thats assuming you dont lose...ever....which is improbable]
I would say you'd want 5000$ minimum to do this. even if you sit down with only a 100$ and lose it, its not really that bad, its 2% of your roll gone, and its really nothing you cant work your way back from if you have the skills necessary to play a profitable game.
But if you only had 2000 and lost a 100$ buyin, thats 5% of your roll gone, and though it may not seem like a very drastic difference in the short term, in the long term risking that much of you roll is just horrible decision making. the mere fact is no matter how good you are, your gonna have "downswings" eventually. and its extremely important to be prepared and have a necessary roll for it when it does happen, because if you dont have the bankroll for the downswing to fall back on, you wont have a br... PERIOD........................................... "."
as far as the rest, its nothing you havent read or been told in this thread already, really im jsut too lazy to continue on... lol
just think about these things when you decide to progress with your goal of 2000 a month
bankroll is number one i think, if you don't have the appropriate BR for the stakes you wanna be playing at then i would say put this commitment on hold before putting anymore serious thought into it. For example if you only have 2000$ to start with playing cash games, i honestly couldnt think that a $2000/month is a realistic goal. thats giving you 30 days to double your roll.... though its not nearly impossible to do, its a goal that i think involves too much risk that isnt worth the reward.
example: if you start with a 2000$ BR and only make 2000$ a month(which i assume is for living expenses, since its such an appropriate amount lol) that means at the start of the next month... the money you made will be gone... and youll be right back where you started... 2000$. [and thats assuming you dont lose...ever....which is improbable]
I would say you'd want 5000$ minimum to do this. even if you sit down with only a 100$ and lose it, its not really that bad, its 2% of your roll gone, and its really nothing you cant work your way back from if you have the skills necessary to play a profitable game.
But if you only had 2000 and lost a 100$ buyin, thats 5% of your roll gone, and though it may not seem like a very drastic difference in the short term, in the long term risking that much of you roll is just horrible decision making. the mere fact is no matter how good you are, your gonna have "downswings" eventually. and its extremely important to be prepared and have a necessary roll for it when it does happen, because if you dont have the bankroll for the downswing to fall back on, you wont have a br... PERIOD........................................... "."
as far as the rest, its nothing you havent read or been told in this thread already, really im jsut too lazy to continue on... lol
just think about these things when you decide to progress with your goal of 2000 a month
- What are you comfortable with losing
- how many hours do you plan on playing out of the month
- do you want to play live or online
- tournaments or cash
- do you want to single or multitable
- Are you mentally prepared to acheive this goal and then stick with it without moving up stakes
- and are you mentally equpped with the skills necessary in order to play profitably at the stakes you decide on.
- and of course BR and BR management.(br management including your financial situation outside of poker)(ex. if your having trouble paying 500$ rent... 2000 is a goal you shouldnt even think about.)
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