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#1
12-29-2005, 07:32 AM
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Re: I forgot how to play poker.
[ QUOTE ]
play no limit and have a safeguard policy: If I lose 2 days in a row, I move down in limits and continue moving down until I can win again. [/ QUOTE ] Is this a psychological thing or a bankroll requirement thing? Because if it's just psychological, you are giving up a lot of potential profit by doubting your skills every so often. 
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#2
12-29-2005, 12:30 PM
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Re: I forgot how to play poker.
[ QUOTE ]
[ QUOTE ] play no limit and have a safeguard policy: If I lose 2 days in a row, I move down in limits and continue moving down until I can win again. [/ QUOTE ] Is this a psychological thing or a bankroll requirement thing? Because if it's just psychological, you are giving up a lot of potential profit by doubting your skills every so often. [/ QUOTE ]FWIW, Kristy Gazes had a similar concept in the recent full tilt article: http://www.fulltiltpoker.com/proLessons.php?lesson=41 Furthermore, I really highly doubt I'm giving up much EV by moving down limits when I'm playing bad and moving up limits when I'm playing good. Also my policy isn't written in stone either. If I sense I'm playing bad, then get up and come back and still think I'm playing bad in the same day, I'll move down limits. Furthermore, it's super rare I have two losing days in a row (only twice over past 6 months of daily play since I started keeping track).
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#3
12-29-2005, 03:31 PM
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Re: I forgot how to play poker.
Sizing bets per trade, as a function of portfolio equity size, is a very common risk control policy and practice used by almost all traders.
Trading and poker are both games where you are supposed to cut losses-- and let winners ride. If you dont decrease your size when you are losing, you are asking for quite a bit more psychological stress than you may be currently experiencing. Increasing size as equity grows is the rewarding flip side of following this type of risk-management rule.
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#4
12-29-2005, 05:27 PM
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Re: I forgot how to play poker.
I cash out half my remaining bank after a downspell, when it's due to questionable plays rather than bad beats. This usually happens when I go on an ego trip : "Wow, I can beat 20000/40000 NL !".
My remaining apparent br then dictates the stakes I play : whatever limit where I will have more than 500 BB. Losing is also a good motivation to do some research. Two books that have helped my poker playing : "Winning, The psychology of competition", Stuart Walker "The Psychology of Trading: Tools and Techniques for Minding the Markets", Brett Steenbarger
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