akishore 0 Posted August 17, 2005 Share Posted August 17, 2005 combination of impatience + playing above my bankroll + a bit of tilt + variance led to me losing $1250 in the past seven days.that's not all of my roll, thankfully, but that's a good chunk, about 35%. the real effect, though, is that i'm out of commission for a little bit, since the other 65% of my roll is on loan to a good friend.fortunately, i had just enough PSO points to get myself a $100 gift certificate to party, and once that arrives, it's time to start grinding it out again. it certainly will be hard to focus on playing 50c/$1 seriously when i've been doing $5/$10 and $10/$20 for the past two weeks.well, i've learned a lesson, the hard way. hope you all can learn it cheaper. don't play above your roll, don't lose emotional control, there's always tomorrow, don't try to fight back for money lost, yada yada yada.sorry if this comes off as a sympathy post, not meant to be.aseem Link to post Share on other sites
Herr Mensch 0 Posted August 17, 2005 Share Posted August 17, 2005 Man, I'd stake you in a heartbeat, if I could. But your losses for the last week amount to about 5 times my entire bankroll. Yikes. Best of luck on your rebound. Don't lose focus.Mensch Link to post Share on other sites
jayboogie 0 Posted August 17, 2005 Share Posted August 17, 2005 I was surprised of all people that you would be playing above your bankroll like this. This is a lesson that we all have to learn at some point, because we all get sick of grinding it out at the lower limits when we feel we can beat the higher games. Yes you probably can beat the higher games, but without a bankroll which is like a safety net, it's hard not to fail. Most people just do not play as well when they're taking a shot, particularly with money they can't really afford to lose. Just be patient and keep grinding it out at the limits your bankroll allows and go from there. Being tapped out or running short on bankroll is never fun, which is why playing within your bankroll is so important. Link to post Share on other sites
akishore 0 Posted August 17, 2005 Author Share Posted August 17, 2005 we all get sick of grinding it out at the lower limits when we feel we can beat the higher games. Yes you probably can beat the higher games, but without a bankroll which is like a safety net, it's hard not to fail.this was EXACTLY my problem.i was so tired of playing $2/$4 and $3/$6 to eek out a few dollars an hour when there was so much action a little higher up.i really couldn't help myself when i was witnessing the action on a super-juicy $10/$20 omaha hi/lo game, same with a $10/$20 hold 'em game, and i almost sat down at a $15/$30 omaha hi/lo game.taking a shot is one thing, but i was doing a little more than that...Most people just do not play as well when they're taking a shot, particularly with money they can't really afford to lose.i don't feel this was true for me.i was playing just as well at $10/$20 hold 'em because the game played out just like play money. regularly 6 or 7 players to the flop, huge pots, etc.a little downswing and a few suckouts just did me in.aseem Link to post Share on other sites
jayboogie 0 Posted August 17, 2005 Share Posted August 17, 2005 I know exactly what you mean, I'm sick like that too I played 10/20 with like 200 dollars as a bankroll when I first started out, if you could actually call that a bankroll. The one thing I can say you gain from going bust like this is that the money will not really matter as much to you, which is a good thing. I was just making a general comment as to what happens with most people who play above their bankrolls and usually they play scared and overly tight, not saying that's the case with you, because as you well know variance just kicks in sometimes and it tends to do it more often when your under bankrolled. I went bust like several times before I finally got my act together and played somewhat within my bankroll. There's really no alternative to grinding it out and building a roll, it might take a while to get there, but at least you'll get there. Link to post Share on other sites
109suited 0 Posted August 17, 2005 Share Posted August 17, 2005 I was lucky enough to not start playing online until after I had learned the rules of good bankroll management. I'm telling you, it has been the most valuable asset in trying to make a living playing poker. I started at .25/50 after depositing 100 dollars, and I'm now playing regularly at 5/10 6 max and 10/20. Patience is so important. I've had a couple -1k days, and it's not fun, but it's a lot easier for me to just take it in stride when I know I have the bankroll to continue playing at these limits.I know you've learned your lesson, and I'm sure you'll be back up again in no time. GL.T9 Link to post Share on other sites
Mattnxtc 0 Posted August 17, 2005 Share Posted August 17, 2005 that used/is my problem...i like money and i always feel i can beat higher limits than 1/2. yet i keep havin to tell mself everyday that i can allow myself to go broke. its brutal sitting at 1/2 but for now its all i can do... Link to post Share on other sites
Kendren 1 Posted August 17, 2005 Share Posted August 17, 2005 Man, I'd stake you in a heartbeat, if I could. But your losses for the last week amount to about 5 times my entire bankroll. Yikes. Best of luck on your rebound. Don't lose focus.MenschDitto with my roll of total $273.75 You'll make it back, Aseem, and I know you'll have a new appreciation of 2/4 and 3/6 when you get your bigger chunk back. Link to post Share on other sites
JesseW316 0 Posted August 17, 2005 Share Posted August 17, 2005 Just remember that you aren't a bad poker player. That is what I thought when I busted...All three times. Link to post Share on other sites
akishore 0 Posted August 17, 2005 Author Share Posted August 17, 2005 this is honestly really disappointing. i know you guys are saying i'll make it back, but i honestly don't know if i can trust myself not to make the same stupid mistake in the future.i started with $400 in mid april and worked it up to over $3.5k since then, and i just stupidly lost 1/3 of it in a few days. how do i know that even if i make it back and get my roll to $10k that i won't lose all of it in a week playing above my head at $40/$80 or something like that?*sigh*aseem Link to post Share on other sites
STYLINHAWYN 0 Posted August 17, 2005 Share Posted August 17, 2005 Well, at least you left yourself somewhat of an out, you still got money and enough to start building your bankroll back up again. You'll get it back in time. Not to mention, you also learned a valuable lesson. It's kind of funny though, we read thousands of posts and articles by experienced poker players who teach us never to committ these same mistakes they made about money management, bankrolls, not going on tilt, etc etc... Yet we never listen and would rather find out ourselves what they where talking about. Then when we bust out and have next to nothing left...we think to ourselves "damn, i should have listened" Link to post Share on other sites
JesseW316 0 Posted August 17, 2005 Share Posted August 17, 2005 this is honestly really disappointing. i know you guys are saying i'll make it back, but i honestly don't know if i can trust myself not to make the same stupid mistake in the future.i started with $400 in mid april and worked it up to over $3.5k since then, and i just stupidly lost 1/3 of it in a few days. how do i know that even if i make it back and get my roll to $10k that i won't lose all of it in a week playing above my head at $40/$80 or something like that?*sigh*aseem Just remember that you aren't a bad poker player. That is what I thought when I busted... All three times.Exactly. Link to post Share on other sites
Kendren 1 Posted August 17, 2005 Share Posted August 17, 2005 this is honestly really disappointing. i know you guys are saying i'll make it back, but i honestly don't know if i can trust myself not to make the same stupid mistake in the future.i started with $400 in mid april and worked it up to over $3.5k since then, and i just stupidly lost 1/3 of it in a few days. how do i know that even if i make it back and get my roll to $10k that i won't lose all of it in a week playing above my head at $40/$80 or something like that?*sigh*aseemTattoo "I shall not be stooopid" on your forehead backwards. Look in a mirror regularly. :wink: Maybe when you hit a sufficent roll for 3/6 or whatever, peel off the further profits and hold them somewhere offline like Netteller until you're sufficently BRed to move up. then you've got your online roll, and you can build up offline where you might not be as tempted to impulsively take shots. Link to post Share on other sites
STYLINHAWYN 0 Posted August 17, 2005 Share Posted August 17, 2005 this is honestly really disappointing. i know you guys are saying i'll make it back, but i honestly don't know if i can trust myself not to make the same stupid mistake in the future.i started with $400 in mid april and worked it up to over $3.5k since then, and i just stupidly lost 1/3 of it in a few days. how do i know that even if i make it back and get my roll to $10k that i won't lose all of it in a week playing above my head at $40/$80 or something like that?*sigh*aseemI don't trust myself either, So what I did is make sure you don't allow yourself to be able to deposit more than what you can handle losing. Set a daily deposit limit at X number of buyins (mines is 2-3). Cashout at the end of everyday and deposit again tomorrow. This way you gauruntee you can't lose more than a big portion of your bankroll and you live to play another day. Link to post Share on other sites
custom36 4 Posted August 17, 2005 Share Posted August 17, 2005 Woah, there's a lot of really good players losing a lot of money recently. Weird.Good luck Aseem. Hopefully you can work it back up quickly. Link to post Share on other sites
GamblinLeaf 0 Posted August 17, 2005 Share Posted August 17, 2005 how do i know that even if i make it back and get my roll to $10k that i won't lose all of it in a week playing above my head at $40/$80 or something like that?aseemBECAUSE YOU'RE NOT GOING TO!!!! Seriously. You're a good player, I've gotten a lot out of your posts, you will most definitely make it back. If you need someone to scream at you on the phone to keep your discipline up, I'll give you my phone number.A few things to keep in mind: 1) If you did something once, you can do it again. You built your roll once, you can do it again.2) I once heard a world-class futures trader say that everyone makes mistakes, the key is to TRY VERY HARD not to do it again. Do whatever you have to ... positive affirmations, self talk in the mirror, anything ... whatever it takes to brainwash yourself. Print out your first post in this thread and tape it to your desk, anything to remind you of what not to do.3) Finally, realize that in any performance oriented endeavor, the #1 reason why so few people succeed (IMO) is not a lack of talent nor a lack of knowledge, it's a lack of discipline. You're learning this the hard way, but you learned it early in life, and that just makes you all the more prepared for what lies ahead!Head up, eyes forward, get rested, and come back when you're ready to FIGHT! Everyday. You have to FIGHT to play good poker. You have to FIGHT to maintain discipline. You have to fight. But if you're willing to fight, you will make it. Of that, I have no doubt. Link to post Share on other sites
MDawg198 0 Posted August 17, 2005 Share Posted August 17, 2005 Aseem,You'll definitely make it back. I always check out your posts, and they're really informative. You know what you're doing. You just took a chance and got either unlucky or made a few mistakes. Everyone does including the top pros. Just grind it out, and you'll be fine. Link to post Share on other sites
akishore 0 Posted August 17, 2005 Author Share Posted August 17, 2005 thanks for all the support.the reason it's so drastic is because i don't expect to get the 65% of my bankroll on loan back anytime soon. a good friend was in a tough spot and i loaned the money to help him out, so i'm not about to suddenly ask for it back.anyway, i'm ready to start working up tonight. it's honestly going to be REALLY tough for me to keep my patience and really grind it out. earning less than minimum wage or just around there isn't going to be too fun, but, oh well.i'm going to take one piece of advice to heart, and that is that when i get back to my current level and have a decent roll again, i'm going to keep most of it offline in my bank account and only keep a certain amount on a site. i mean, i hope i never make the same mistake again of playing above my head, but... better safe than sorry.thanks again for the kind words.aseem Link to post Share on other sites
speedz99 145 Posted August 17, 2005 Share Posted August 17, 2005 Keep your head up. You'll be back, and next time you'll take your own advice. Link to post Share on other sites
strategy 4 Posted August 18, 2005 Share Posted August 18, 2005 the reason it's so drastic is because i don't expect to get the 65% of my bankroll on loan back anytime soon. a good friend was in a tough spot and i loaned the money to help him out, so i'm not about to suddenly ask for it back.I loaned out about 1/6th of my bankroll to a good friend a while back and will probably never see it again. I wish I knew who said it (Weisenberg, maybe?) but I read in cardplayer a while back, about an old gambler's take on loaning. It's a losing proposition because the best you can ever do is break even.I haven't had a substantial hit to my bankroll in a long time. I quit drinking so I never have to fight the battle between my day-game and night-game. Maybe I'm just a poor kid, but the money at $100NL means something to me. I don't understand everybody else's problem with bankroll management because I have no trouble sticking to my limits. In my mind, the great feeling of winning $400 at $400NL could never compare to the horrible depression I'd have if I lost 1/6th of my bankroll on ONE HAND.You probably know about everything I've said, but I just wanted to share anyway. Link to post Share on other sites
Tabulus 0 Posted August 18, 2005 Share Posted August 18, 2005 You'll bounce akishore, you're way to smart not to grow stronger from this.Keep playing and keep posting, your input is really appreciated. Link to post Share on other sites
TheIceman05 0 Posted August 18, 2005 Share Posted August 18, 2005 Don't lose heart, and don't overcompensate, either.1200 bucks isn't all THAT much money. I know I know I know, it's a good chunk, but you can make it back. And you will.You've just got to find that perfect balance between being aggressiveness with your roll, and cautiousness. Trust me: it's much worse to play 1/2 for the next 3 years trying to grind out a little petty cash. I finally grew a pair and started playing the occassional bigger NL game, and it was worth it. Finally, the "money" just didn't matter to me as much, because I knew I was good enough to always get it back.I went broke something like 5 times before it finally stuck, and I bent the game to my will. Yeah, I was playing out of my bankroll, and yeah, I was gonna get busted once or twice.But I'm not playing 25 dollar no limit games anymore (shrug). I'm rambling: but I think some people pass up profitable opportunities because they're scared to "go bust." Keep some money around for living expenses, and then get back onto the tables and hammer away until you're making the money you want to make, and doing so comfortably.Ice Link to post Share on other sites
Smasharoo 0 Posted August 18, 2005 Share Posted August 18, 2005 Discipline.Also Discipline. Oh yeah, and discipline.If you ever get really stuck, Assem, I'd stake you to play .05/.10 at Stars to build your BR back up. So you'll allways have that going for you, which is nice! Link to post Share on other sites
strategy 4 Posted August 18, 2005 Share Posted August 18, 2005 Discipline.Also Discipline. Oh yeah, and discipline.If you ever get really stuck, Assem, I'd stake you to play .05/.10 at Stars to build your BR back up. So you'll allways have that going for you, which is nice!Sigh. Why doesn't anybody ever offer to stake me in the "big game" on stars? Link to post Share on other sites
Jordan 1 Posted August 18, 2005 Share Posted August 18, 2005 bummer dude.i've done this to myself a few times...finally got the point and have stuck to it for most of this summer.hopefully you learn from the first time.- Jordan Link to post Share on other sites
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