Going for the gold

[tpir90036]

[ QUOTE ]
doesn't mean they should need to make a law to try and protect the idiots.

[/ QUOTE ]
ding!

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Why don't they have a cut-off loss at casinos.

[/ QUOTE ]
Because a bunch of morons losing their life at the roulette table doesn't mean jack squat outside the strip. Meanwhile, an ocean of morons unloading billions of bogus bucks into the stock market could actually affect something other than their own -- now-broken -- existences.

[1800GAMBLER]

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I asked myself the same question about why I think I can daytrade better then the others. I really think my experience in poker is what sets me apart.

[/ QUOTE ]

I wonder how many times this year this forum will hear this quote.

[BradleyT]

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[ QUOTE ]
[ QUOTE ]
Your completely wacked to think someone can make 2BB/100hands playin 4 to 6 tables!!! YOU ARE PLAYING MAINLY ONLY YOUR OWN CARDS AT THIS POINT! If this were true anybody with a solid limit holdem game would be making 500k+ a year because if you can make $150+/hour you don't play just 20 hours a week, you play 80+ hours a week. I like how all your responses reply.. I've seen tons of posts saying they can do it(people lie.. don't believe everything).. I'd like to see some hand histories over the course of 1 year and load them into poker tracker for some proof... GURANTEED NO ONE CAN SUPPLY THEM!!!!!!

[/ QUOTE ]

Guaranteed no one WILL supply them. Not because they don't have them, but because such a large database is worth a lot of money.

And for your $2500 a month. That's pretty sad, I make that much doing bonuses and playing $1/$2 and $2/$4 part time.

[/ QUOTE ]

part time: 4 hrs/day = 80 hrs/month (a generous estimate)

let's say $500 is bonuses. (2500-500)/80 = $25/hr = 6.25BB/hr @ 2/4 or 13.5BB/hr @ 1/2.

This whole thread reeks of exaggeration
--------------------------------------------------------

I have a pro friend who is one of the top players at party. He pulls in 2-4 $K/ week on average. $100k/year is pretty easy for him... but $150/hr longrun is asking too much.

[/ QUOTE ]

I 8 table o/8. One hour in morning before work, 3-4 hours at night, 4-6 hours on weekends. I'm not trying to impress anyone. o/8 bb/100 and bb/hr rates are much much much higher than hold em at low limits.

[Dan Mezick]

Schroedy,

Thanks for the thumbs-up.

Regarding your theorem, check out Mark Douglas' books, especially The Disciplined Trader. He discusses in detail what he calls the "forced awareness" experience you describe.

BTW watch for my next essay in the Psych Forum. I'm going to spill the beans on something huge.

[wickedgoodtrader]

It's called a downpayment on the house.

[wickedgoodtrader]

CDED.. just got in at .02
New just relased on it

CareDecision Corp. Receives Firm Orders for $3.5+ Million in Bulk Prescription Drugs and Medical Diagnostic Products in January 2005
Business Wire - February 22, 2005 09:45

NEW YORK, Feb 22, 2005 (BUSINESS WIRE) -- CareDecision Corporation (OTCBB:CDED):

-- $1.05 Million in Product Shipped over First 30 Days

-- Company Reaps Unanticipated Profit before Merger Expense

-- $1.5 Billion Customer Re-Affirms Relationship, Increases
Product Offerings, Shipments Begin

CareDecision Corporation (OTCBB:CDED) provided today a first progress report on its new wholesale drug distribution operations recently acquired as part of the CareGeneration, Inc. acquisition through its Pharma Tech Solutions, Inc. subsidiary.

In one month since assuming operational control of the wholesale drug distribution unit formerly owned by Kelly Company World Group, Inc., the Company reported that it has received $3.5 million in new orders for prescription drugs, shipped over $1.05 million in the first 30 days of operations, realized positive cash flow and profit at the EBITDA level excluding merger expenses, and re-affirmed its relationship with its largest customer, a $1.5 billion Florida based distribution company who has increased its line of products it will purchase from the Company.

Robert Cox, Chairman of CareDecision commented, "January proved to be a watershed month for CareDecision. Our business performance confirmed our decision to acquire the prescription drug business from the Kelly companies as part of our acquisition of CareGeneration, Inc. In addition to realizing strong revenue growth, we have improved our gross profit margins substantially by trimming all unnecessary cost of sales and aligning our core business synergies. We also showed an unexpected positive cash flow and EBITDA profit prior to taking one time merger expenses."

Mr. Cox continued, "By expanding our wholesale drug distribution we will shortly embark on our macro mission, providing state-of-the-art technology so that physicians may efficiently fill prescriptions for America's 40+ million underinsured and uninsured. We would expect our current plans and actions to further improve our core business efficiencies and we expect that revenues will sequentially grow with gross profit margins, on a percentage achieving an industry average for retail closed-door and Internet-type pharmacies. At our current rate of growth, even as we paused to eliminate unprofitable lines of business, I feel rather confident about the ability to meet revenue guidance whereby CareDecision will be operating at a revenue run rate of $175+ million by year end."

About CareDecision Corporation

Through its subsidiary, CareDecision, already a leading Wi-Fi PDA technology product company for the medical, lodging and satellite rebroadcast industries, has concluded a merger with CareGeneration, Inc., a retail pharmaceutical programs enterprise with the mission to provide lower cost prescription drugs for the nation's 40 million underinsured and uninsured. With this acquisition the company has also acquired the wholesale pharmaceutical distribution unit formerly belonging to Kelly Co. World Group, Inc. The combined enterprises are expected to allow CareDecision to assume a leadership role in the areas of technology driven Internet pharmacy prescription fulfillment and technology enabled prescription drug distribution.

This release contains forward-looking statements about our business or financial condition that reflect our assumptions and beliefs based on information currently available. We can give no assurance that the expectations indicated by such forward-looking statements will be realized. There may be other risks and circumstances that we are unable to predict. When used in this release, words such as "believes," "expects," "forecasts," "intends," "projects," "plans," "anticipates," "estimates" and sim ilar expressions are intended to identify forward-looking statements, although there may be certain statements not accompanied by such expressions. All forward-looking statements are intended to be covered by the safe harbor created by Section 21E of the Securities Exchange Act of 1934.

SOURCE: CareDecision Corporation

For CareDecision, Los Angeles
Keith Berman, 805-446-1973
or
For Investor Relations Services
David Kugelman, 386-409-0200

Copyright (C) 2005 Business Wire. All rights reserved.

[J_V]

Paluka - first of all, I call BS on this loser. He's not going to put money in the market. Secondly, he would lose it all if he did. I think it's commendable you tried to stop him from breaking himself, albeit most likely fruitless.

I like all your trading/poker posts.

[wickedgoodtrader]

Doesn't appear to have legs... dumped it at .0215 for a 7.5% gain.

[Paluka]

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Doesn't appear to have legs... dumped it at .0215 for a 7.5% gain.

[/ QUOTE ]

What are your transaction costs?

[stabn]

[ QUOTE ]
[ QUOTE ]
Doesn't appear to have legs... dumped it at .0215 for a 7.5% gain.

[/ QUOTE ]

What are your transaction costs?

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Say 10.99 with something like ameritrade? 7326 shares for 157.51 would be breakeven for him.