Originally Posted by Hunterholliday
sorry about the long post, venting more than anything.
im pretty downtrodden and just need to hear from you guys how you deal with these situations, and I really just want to know if this is something that can actually happen to good poker players? or am i just that bad and need to reevaluate my entire process....my resolve is still here to get good at and become a professional poker player, i just cant believe this happens very often can it?
ive got a standing bankroll of 25BI' for 25NL
ive been 4 tabling 25NL for a while and feel confident in my ability to beat the limit. so yesterday i tried taking a shot at .25/.50 and was stacked immediately. it was a crappy bluff that i called out, but he sucked out on me. not relavent i guess but it sets the tone as I just KNEW i could beat that table at least, if not the limit. long story short, I end up losing 8 BI at the .25/.50 BI, all as a result of me seeing the plays and just *knowing* i could take advantage. some of the BI's were suck outs when i got the money in good, but most were just me chasing loose draws in an attempt to catch even a mid pair against several of the maniacs at the table. so before any of you crush me for it, I already know, I obviously am not ready to move up to that level yet haha and in retrospect should not have waited 8 BI's to find that out, i got mesmerized by the carrot on the stick of a table playing super loose and super bad.
the part that im worried about is the extremely bad run i went on AFTER i moved back down to my limit. Im definitly a guy who has evaluated that I go on tilt, but Im also a guy whose 'tilt factor' is almost completely gone after a few minutes to an hour. I stopped playing for 3 hours just to be safe as it was such a big hit to my bankroll. so then I went back to work at 25NL. what happened over the course of the next 8 hours really knocked my confidence down and made me question if i have what it takes.
some of the hands that stacked me
-set on the flop to over pair, got the money in on the turn, rivered a set
-flopped a straight vs villain set, all in on the blank turn, rivered fullhouse
-called out a maniacs jam bluff on the flop, he hits two pair by the river
there were a few more like this but the point is clear....i went on a SUPER bad run and it coincided with a big hit i took to my bankroll after trying to move up. ive looked over the important hands that resulted in most of the losses i took back down at the 25NL games and they are all plays that i got the money in good....just wasnt my day. i will be honest and say that the last 2 buy ins were a result of tilt...but at that point i can say it didnt matter... the difference between 2450$ and 2500 dollars not huge ya know?
the point is that in the course of 1 day I had depleted my entire bankroll, something that had taken me about 6 months to buildup. i feel like i hit the "unlucky lottery" and had the worst possible run of hands ever.
has this happened to any of you? i get having generally bad days/weeks/months. but all of it hitting in the course of a 15 hour session is something i never thought of as being able to happen....can any one attest to this?
any critisms or anecdotes you have will make me feel a lot better about me trying to figure out what happened...thanks in advance
So looking at your blog I see a couple of GLARING things that U did wrong, but let me tell you first of all the thing you did right. You had 25 max buy-ins at .10/.25 NL which equals $625.00 and you should have a minimum of 20 max buy-ins at whatever stakes you play so by having 25 that is commendable.
I'm not sure where you later come up with the numbers of losing $2450 or $2500. If you are playing $.10/.25 NL then 1 max buy-in is 100bb at $.25 each for a grand total of $25.00. If you multiply $25.00(max buy-in) x 25(buy-ins) you come up with $625 so once again I don't understand how you came up with the numbers of losing $2450 or $2500.
You should almost NEVER have more than 10% of your bankroll in play at one time. If you are playing $.10/.25 NL at a max-buy of 100bb's & you lose 2.5 buy-ins that is $62.50 which is exactly 10% on your bankroll. Personally I like to have 3 buy-ins for a session so that would equal $75.00 if you lose, which is why I like to have 30 max buy-ins at a level so I don't exceed my 10% rule. For example let's say I had 30 max buy-ins at $.10/.25 NL which would equal $750.00 If I lose 3 max buy-ins at the $.10/.25 NL that is $75.00 which is equal to exactly 10% of my bankroll.
People have downswings all the time & the majority of people go on tilt so I would STRONGLY recommend you have a STOP LOSS of 3 buy-ins max.
Also the 20-30 max buy-in bankroll management (BRM) is for 1 table only. If you are 4 tabling then you should have a BR of 20-30 max buy-ins for each table you play at a time.
So my analysis is you should have 20-30 max buy-ins for EACH table you play & U MUST have a stop loss of 3 max buy-ins per table. When U have a losing session which WILL happen U only lose 3 max buy-ins so the next session you still have a very HEALTHY bankroll. If U have a bad session & lose the max 10% then U still have a robust 90% of your bankroll left.
Think of this also when U lost 8 max buy-ins at $.25/50 that is equal to 16 max buy-ins at $.10/.25 & REMEMBER you should have a stop loss of 3 max buy-ins so you exceeded that 3 max loss by-in by OVER 5x.
Another thing is U should NEVER be into the game for more than U have ever won or could win back. For example you were in for 8 buy-ins at $.25/.50 NL which is $400 so have U ever won more than $400 in 1 session at a $.25/.50 NL game? If U have never won that amount at a game then it is ludicrous to be stuck that much in the game if U can never win it back.
I apologize profusely if I sound harsh in these matters, but I ONLY know how to tell the unabashed truth. Since I am NOT good at sugarcoating the truth then a lot of the times the truth sound brutal since most people ONLY hear a version of the truth instead of the whole truth
I wish you luck in building your bankroll back up.