Originally Posted by StackThemUp
Currently i am averaging between $500-1000 a day, on a loosing day i loose $2000 and that is my limit for a single loss in one day. My best run has been $40k in a week when i won the $100k on paradise plus a few cash games. My worst week has been $8000 down. I play on average 8hrs a day 6 days a week. I am trying to save up to have a hit at the circuit in the states as i want to test myself in real live games. I play mostly 20/40 limit on paradise and the 20k and 50k MTT daily. Its hard graft but its just like any job...the hours are long but the rewards are worth it. I have been spurred on by my friend who just came back from the WSOP with $145k, he finished 65th in the main event. From my records i keep,i can see i make around $3-4k a week but that is just an average as some weeks i can win the 50k tournie which has first prize of 14k. I'm luckily enough to have my parents support,i dropped out of uni in england after 2 years( i decided it wasn't for me). They weren't too keen on the idea but gave me the chance to try it full time for 1 year which ends in september. They bankrolled me for $15k and have since re paid them in full and i am fully independent. I am still learning the game as sometimes i make the wrong call when i know i'm beat but for some reason i still call,lol. I am by no means near pro standard but to be the best you have to play the best so thats my goal of going over to the states.
Any questions welcomed.
Sounds like you're going great guns. I'm never going to be in same situation (haven't got bankroll and need security of regular income (kids and mortgage), but I have got a couple of questions. Firstly, do you pay tax (I see you're based in Dubai, not UK but i've wondered how poker winnings are treated. Generally gambling winnings are tax free, but I don't think this is the case if it's your sole form of income). Secondly, do you feel fulfilled not hepling anybody - I earn fraction of what you do (as Financial Advisor) but I do get some amount of satisfaction from helping people out, and wondered whether you miss daily interaction with people. (please don't take this as a criticism, just I daydream about playing poker full time, and wondered what downside was, if any).