Sorry for not keeping up on my posts on this thread. I have been keeping up with my journal, but not on here so I thought would update a little.
First I would like to say that I am getting ready to start a new journal this week as I reached a goal and my old journal had some data missing and reads more like a book than I would prefer now. It was good at first but now is getting to the point and not so easy to go back and get the data I am looking for. Also it was good for me to reread some of the stuff in the early days but I seem to be past that now and it almost seam childish. It is amazing to see the growth in just a few months.
Second reason for changing over to a new journal is that I want pure data in the new journal. I have made the transition to a mix of both cash 1/3 NL game and tourneys. I have been spending more time making notes on players than anything else. I also have been putting in notes on hourly rates and such. The cash game has only been part of my weekly for the last 3 weeks and trying to keep up with everything in my journal now is just getting messy.
So journal is changing for me and do not see any reason to keep up on posting it here. I will more than likely just ask questions as needed on the forum.
So end update. As of 7/31/2016
I stopped going to my tuesday game. Reason was the dealer rake was outrageous and I hated the hyper style game change. It was set up so that the dealer was making as much in the night as a winner of one of two games played in a 4 hour period. It was just ridiculous and favored the ATC players.
In the last 10 week series at the Eagles, I took two first place finishes, two second place finishes and three other money finishes along with a first out of tourney finish. I then took first in the championship game last Friday. After all expenses and buy ins, I cleared just a little over $1300. The championship game was more than 50% of that total.
The start of the cash game was shaky the first 5 games until I started to figure the difference between tourney play and cash game play. As of this last week I figured out the differences I believe and things have settled down a little. I turned the corner from red to black. What did I change? Well I basically went extreme in TAG mode. I tightened up more and went super aggressive. This was because there is just too many ATC and river lunkers at the casino where I started playing. This also allow me to steal some strategic
hands after a good hour at the same tables. I really start picking on the weak players. I am also avoiding the really good aggressive players even with fair cards unless I am holding top 5. Before anyone jumps me on that move. The game might be a 1/3 NL game but 6-8 x bb is a typical bet pre flop for the regular sharks in this room. There about 4 or 5 guys that just chew the fish up. I found that if I just go Super TAG and stay out of the way I can pick and choose my spots where I can get my small piece of the feeder fish. It gets to the point where I make a sizable bet and the sharks will back off and let me have a bite or two. I really feel like a scavenger who is allow to clean up the left overs now and then. It is slow money but steady. I have found that position is the 100 times more important to me in this setting than in any tourney that I have played. People just seem to play so differently in tourneys because the whole game and any money is on the line, but with these skilled LAGs who are so aggressive they quickly build stacks far bigger than the $300 buy in off of the fish that they become a huge menace. Last Saturday, I seen "Bald Beats" get nail on a bad beat by a calling fish. He just calmly whips our a horse choker wad and rebuys. He then proceeded to relentlessly pick on that same fish running him out of the game in less than 30 minutes. Bad play was loved by some, but if you made a bad play and won, look out!
OK, getting a little off track here. So as of right now. I am starting a new journal. My PI (poker income) has exponentially improved, but it is throwing my averages off. I need to start over and keep track of my tourney winnings and my cash game winnings. I also need to keep hourly rates for my cash game along with notes on specific players,
I have a goal to become semi pro by the end of the year. To me that is a net gain of $300 per week. By net gain, I mean after all gas, food, drink, buy ins and any misc. expenses. As of the last 10 weeks , I am about half way to my goal. Now that I have settled into my cash game play, expect to make my goal. Now that is not to say that there is not going to be setbacks, but with good money management, those setbacks should not hurt too bad.
A couple more things before I let go of this long winded update.
I decided that 10% of all net winnings go into my investments. Period. If it is not in play, then I can not loose it. If I lost my
bankroll today, well I am still net over from when I started, I can not loose.
I also decided that a small pretty and an occasional weekend for my wife is money well spent from my winnings. I need to keep my wife supporting my game and I believe it is money well spent.
Lastly. Education. I was once told that a man should spend 10% of all net earnings on books as an education will make and save you way more than you will spend. This was when I was working the antique shows. It was great advice then I still believe it today. The best part about today is Amazon. I can buy books for a fraction of the cost. I have also invested in a trainer program. If things keep going well and I make my goal by the end of the year, then I do plan on going to a school or two next year,
Last thing. Cardschat has been a huge help to my success. I have learned a lot on this forum and love this place. This is just the beginning for me and as I learn I realize every day how much more I still need to learn.