So I just lost 30K......

[MEbenhoe]

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I think I'll start playing the 1K when I get 20K, and 2K when I get 50K.

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so you learned nothing from all of this is what you're saying?

[mikeyp]

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yeah true i wouldnt say stocks are very secure, but definately not capable of losing 50% overnight.

As for the rebuild, it has already begun at NL400. The climb should be much easier this time.

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ENRON

[Jonny]

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so you learned nothing from all of this is what you're saying?

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Well, the kicker being that if my BR goes down to 30K when I am playing NL2000, I will play 1000 at that point. I failed to do that this time. I think that is a risk I'm willing to take.

[TylerD]

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yeah true i wouldnt say stocks are very secure, but definately not capable of losing 50% overnight.

As for the rebuild, it has already begun at NL400. The climb should be much easier this time.

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ENRON

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Party (almost)

[sthief09]

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Yeah, I played 10K hands in August, made $30K, 10K hands in Sep., made $28K, before that I was at 1000NL and made $15K in a month there. So yes, I know what I am doing.


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Heh.

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if you ever wanted to quit reading 2p2 you wouldn't be able to because of threads like this

[Zetack]

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DM: LMFAO - You put it in the stock market, so it would be secure? This comment makes me wonder what you really know about hold'em. [img]/images/graemlins/grin.gif[/img]



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Well we don't know what he means by the stock market. If you pick bad stocks you could be in trouble. On the other hand, if you put it in an index fund, say one tied to the S&P 500, and you have a long run view of that money, you're essentially betting on the American economy not to collapse, which I think is pretty safe bet. And if its not, there probably isn't anything safe to do with your money. Over the next 10, 15, 20 years, I'd be rather suprised if you didn't have 10 % per annum returns with a strategy like that.

--Zetack

[edge]

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So he basically lost 15 buy ins in 5 days.

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If I get hit hard two days in a row (often even two sessions in a row) I take a good break from playing for a while. I guess I'm kind of lazy and look for excuses not to play as well, but it has kept me from busting so far. When you lose a lot very quickly, it may seem like bad beats, but a lot of the time poor play is involved. Depending on how you handle loss, you may play too weak or too passive or just refuse to believe your opponents' strong moves and throw money away with weak hands. I suggest taking a break when you get stomped hard.

[lefty rosen]

Yeah that's safe or GIC's. At least you kept your winnings unlike most of the young guys who tap out, most just have memories of dumb vegas trips and stripper/escort perfumes....... [img]/images/graemlins/grin.gif[/img] [img]/images/graemlins/blush.gif[/img] [img]/images/graemlins/confused.gif[/img]

[HoldEmKillah]

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I think I'll start playing the 1K when I get 20K, and 2K when I get 50K.

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NO.

Play NL400 for 60,000 hands. If you are a winner(and have a $20,000 BR), move up.

then...

Play NL600 for 60,000 hands. If you are a winner(and have a $30,000 BR), move up.

then...

Play NL1000 for 100,000 hands. If you are a winner (and have a $70,000 BR), move up.

I've been where you are. This is how I reclimbed the ladder back to the 1k's. I'm a much much better player because of it.

[Jonny]

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Well we don't know what he means by the stock market. If you pick bad stocks you could be in trouble. On the other hand, if you put it in an index fund, say one tied to the S&P 500, and you have a long run view of that money, you're essentially betting on the American economy not to collapse, which I think is pretty safe bet. And if its not, there probably isn't anything safe to do with your money. Over the next 10, 15, 20 years, I'd be rather suprised if you didn't have 10 % per annum returns with a strategy like that.


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I have it in 3 index funds. iShares small-cap, large-cap, and foreign equities. Its pretty safe... Oh and like 10% in bonds.