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-   -   Dealing with losing money (http://archives2.twoplustwo.com/showthread.php?t=400291)

Maulik 12-18-2005 10:22 PM

Re: Dealing with losing money
 
[ QUOTE ]
starcarft was my stomping ground before poker. I was #2 toss in USA for a while, I used the name rS.Maynard.

A lot of good players made the switch to poker.

[/ QUOTE ]

a lot of nerds. I don't think you can equate point & clicking to poker ability.

12-18-2005 10:37 PM

Re: Dealing with losing money
 
[ QUOTE ]
[ QUOTE ]
starcarft was my stomping ground before poker. I was #2 toss in USA for a while, I used the name rS.Maynard.

A lot of good players made the switch to poker.

[/ QUOTE ]

a lot of nerds. I don't think you can equate point & clicking to poker ability.

[/ QUOTE ]

Ummm.... raptor.

good2cu 12-18-2005 10:59 PM

Re: Dealing with losing money
 
haha Maynard you used to be my hero. I remember reading a trip repot at you playing in korea or something on agent911's site. I also played againest you a few times in some -x17 2on2 tourneys i think.

1C5 12-18-2005 11:56 PM

Re: Dealing with losing money
 
Can I join this chat? Please?

http://www.boswellsdiscountparty.com...%20Kit_jpg.jpg

johnnybeef 12-19-2005 01:06 AM

Re: Dealing with losing money
 
[ QUOTE ]
that has nothing to do with living in a house as a 20 yr old where its a hassle for people to get 5 dollars together for beer, and you are down 12k that week. I think its what holds me back the most, I was trying to get advice from people who have dealt with this sort of thing.

[/ QUOTE ]

I'm 25, and I do have to worry about a hell of a lot more than beer. The simple fact of the matter is, money really doesn't mean that much to me.

12-19-2005 01:11 AM

Re: Dealing with losing money
 
[ QUOTE ]
Well, I realize that money is not the end all in this world. Friends, family, and health are far far superior in terms of importance in this life. Money comes and goes, and those who spend a ton of time worrying about it will live a very shallow life. I dunno, I guess I am desensitized to the value of it.

[/ QUOTE ]

On one hand what you say makes sense. On the other hand, with that attitude it might take you a while to get enough bankroll together to go beyond the 33's.

Mr_J 12-19-2005 01:12 AM

Re: Dealing with losing money
 
[ QUOTE ]
a lot of nerds.

[/ QUOTE ]

Nothing wrong with playin video games. Didn't stop me from banging half the hotties on the train line or playing rep footy.

johnnybeef 12-19-2005 01:23 AM

Re: Dealing with losing money
 
[ QUOTE ]
[ QUOTE ]
Well, I realize that money is not the end all in this world. Friends, family, and health are far far superior in terms of importance in this life. Money comes and goes, and those who spend a ton of time worrying about it will live a very shallow life. I dunno, I guess I am desensitized to the value of it.

[/ QUOTE ]

On one hand what you say makes sense. On the other hand, with that attitude it might take you a while to get enough bankroll together to go beyond the 33's.

[/ QUOTE ]


How do you figure?

12-19-2005 01:38 AM

Re: Dealing with losing money
 
Downswings. They happen. They won't last forever. Neither wil the upswings.

mlagoo 12-19-2005 01:46 AM

Re: Dealing with losing money
 
since when did freemoney lose?

12-19-2005 01:53 AM

Re: Dealing with losing money
 
[ QUOTE ]
since when did freemoney lose?

[/ QUOTE ]

Um, he didn't. But the crux of his post is that he's afraid of losing a large wad of cash. I figured that out when he said...

[ QUOTE ]
I think what holds me back is I am scared to play step 5s oon a regular basis because I dont wanna deal with losing 10 to 20k which will invaribly happen.

[/ QUOTE ]


He knows he will lose here and there. I just don't know how you get to high stakes without realizing it happens at every step. This is assuming proper BR management. It's all relative. Small stakes, small wad. Large stakes, large wad.

What's your point?

AA suited 12-19-2005 10:44 AM

Re: Dealing with losing money
 
[ QUOTE ]
How do some of you higher stake players deal with losing money, like alot of it? I have a pretty nice sized bankroll, but I think what holds me back is I am scared to play step 5s oon a regular basis because I dont wanna deal with losing 10 to 20k which will invaribly happen.

How do some of you deal with it, or does it always suck when it happens? I guess its all relative, that a year ago I would of had a breakdown if I lost 1500, now it would be off my mind 10 mins after losing computer screen. Im just looking for some help in how you guys progressed to these levels or deal with losing that much money. Thanks for any help

[/ QUOTE ]

it's all relative.

Back in May, i had a 6week 650 game breakeven streak. i was feeling horrible. ulcers and quitting poker came to mind.

right now, i'm -30 buyins in my last 450 games ($50+5) and not even an ounce of worry.

the main point for me is experience and bankroll.

i know i'm a winning player. (or that i'm a luckbox 10 months out of the year.) either way, i'm going to be winning again once this variance settles down.

as for bankroll, i now start at 100 buyins. not much difference to me between 70 and 100 buyins. when i get down to 30 buyins, then i'll start to worry.

AA suited 12-20-2005 01:28 PM

Re: Dealing with losing money
 
and just like that.. a day after i posted my above msg, i won 30 buyins and am now breakeven.

at the lowest point in this breakeven streak, i was -50 buyins.

back to op's question-> As long as you have the bankroll, and know you are a winning player at that level, don't worry about losing money.


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