Originally posted by 177272
Ok grinded it out, went back to the transition from last year to this and glad I did, you have had quiet a bit of drama this year, all character building stuff. But one question did spring up and I am sure you won't mind me asking.
Early in Feb you hit a rough downswing of about 80 BI's and IMHO the blog felt a little bit like doom and gloom for a while. It sounded you were edging towards busto.:( Talk of dropping to $7's and eating into life roll did sound a little grim. But like the trooper that you are you pulled it back, but as a pro that you are should you be walking such a fine line or have I read the whole situation wrong?
Any way I am sure you have it all under control.
And BTW I figure I have spent about 6 hrs reading this today and have made some notes for my further study, a great resources this blog for all to benefit from
Regards
Steve
Hey Steve,
I don't mind you asking any question really. I keep this blog real with real life stuff going and I don't like bullshit of any sort of tricking anybody. As this is diary type of blog you can see what kind of things I went trough since July 2012 until now.
I am glad you read everything again and looked at it from different perspective.
Having said this, I can't say I agree with you about assumption you made regarding February downswing
I asked people following the blog to give their advice what they would do in my shoes cause I didn't feel safe with my bankroll cause of many reasons:
1) Money I was getting from coaching and staking I returned to my brother (almorst 1k euro in January alone)
2) In February I ended up purchasing rolls and make ups of my current students worth of 1.5k euro
3) I also staked my brother in February around 400 euro
4) January and February I spent well over 3k euro
Finally I had invested in staking about 2k euro, on Stars 100 buy ins and in my Skrill about 2.5k euro more.
I was never unsure about my game, I have experienced much worse downswings and as poker professional this is just part of the game.
I was more wondering what other pros would have done in my place : drop to 7s rebuild or play on 15s and look for staking later on. Some guys like MilanBurdych recommended dropping down while Tim recommended/supported refilling the roll if I felt like a winner on current limit.
In the meanwhile I talked to some people from which I got guarantee I would get no interest loan for my future roll if I busted + I was ready to go to bank and get a loan myself for rolls.
Basically I was not going to go to staking ever again unless I was coached with some sick huge value. For me that would be getting coached by Pleno, MBML, Internet, Shevtchenko to go for NL200 ZOOM SNE coaching + staking. Anything bellow that level is not worth investing myself into nor sacrificing my own hourly.
I basically put all the positive and negative sides of busting my roll or students going in downswing and figured out solution for each of the problems.
In the end I just went with my current roll to keep playing 15s cause I know I am better then 90% of regs there without table selection and that I can make easy no 1$ per game after rb on average. As far as my students went, if they went on DS I would loan additional money without any interest to stake them further cause I believe in them - same goes for me.
In the end what happened in February ?
I overcame DS and was profitable post RB 1.5k.
My students did awesome cause I had 60-70 hours of coaching with them + they worked super good on their own. One guy eliminated his whole make up (450 euro) and is in profit. Another guy who had 600 euro make up reduced it to 300 euro and the rest did really well.
Now in March I have more then enough money for my roll, students are making money and most importantly strategy I applied towards dealing with my situation and theirs produced awesome results!
I look forward to what March will bring but I already wrote about my March goals some posts ago.
The thing to get out of the poker is to always have additional outs!
For me those outs were :
- Never get involved with staking/profit sharing deal again unless it has sick value
- Loan money from friend you trust and that trusts you will return it
- Worse case scenario better get a bank loan then to return somebody twice as much money if you wore involved with staking
Speaking of variance , I went through 300 buy ins drop on WPT poker a year ago and now 40,60,80, 100 buy ins swings seem like a kinder garden for me
Hope that answers your questions Steve