JANUARY 2014 MONTH IN REVIEW
I am taking a new approach to blogging. My goal is approaching the posts from a weekly basis that way I don't get overwhelmed while I try to finish setting up my music production company. What I have wanted to do for a long time though is a Month in Review category. This is the first post. January 2014 I experienced a huge losing slide this month. I made a mistake on one hand (for a thousand bucks) and it snowballed into a $4350 loss over the course of the next 5 sessions. I was on tilt. My bankroll dipped below 30k and that was another source of stress for me. I have these 5K benchmarks that make me feel better or worse depending upon whether I'm going up or going down. Fortunately I turned it all around by calming down and re-focusing. I actually had to tell my myself out loud "remember that I'm a winning player and I am finally rolled correctly for the game I'm playing in. I can take a hit." When you are getting crushed you have to remember to look on the bright side of life. You don't actually know when it's going to end. Gamblers need a way to cope with losing that doesn't make you more anxious than what you already are. I remembered playing on a short bankroll for the past 3 years and how I used to panic when shit went downhill. I would hyperventilate and start tripping, or just shut down and watch movies all day. I calmed myself down by remembering if I had the bankroll then that I have now I would have never been in those spots. I know I play well enough to beat the game. Checking out the stats for the month. I ended up earning 7,340 with an average return of 430 bucks a session. That translates to $52 a hour and my average session was 8 hours. My best win was a Saturday session when I made close to 4 grand and my worst loss was a Saturday when I lost 2 grand. Turns out Saturdays are hit or miss I guess. 32 hours a week though, that's not bad. Add in 15 minutes travel time each way and I guess I'm approaching a little less than a normal work week. The cool thing is that it's spread over 7 days of the week and most importantly, it's when I want to go to work. I wound up making almost $9500 straight at the end of the month. It's interesting cuz if I would adhere to my stop-loss policy and quit when I get stuck $500 I probably would've made over 10k for the month. But I have no discipline (it is what it is). Obviously this is a good month. If I can do this for a year we would be talking 96k a year, which is getting way ahead of myself but still the goal.
 Earnings:
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$7340.00 |
Avg. Return:
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$431.76 |
Return Std.:
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$1570.30 |
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Win Rate:
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$52.06/hr |
Avg. Win Rate:
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$20.45/hr |
Win Rate Std.:
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$162.14/hr |
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BB/hr:
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10.41 |
Avg. BB/hr:
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4.09 |
BB/hr Std.:
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32.43 |
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ROI:
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34.14% |
Time played:
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141h 0m |
Avg. Session:
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8h 17m |
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ROI vs. DJIA:
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34.14% |
Expenses:
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0.00 |
Avg. Expenses:
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0.00 |
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Sessions:
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17 |
First:
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2014-01-03 |
Last:
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2014-01-31 |
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Win rate accuracy:
2014-01-25 08:00: $3990.00
$221.67/hr over 18h 0m $2-5 No Limit Hold ‘Em PARX CASINO (Casino)
2014-01-04 15:00: $-1900.00
$-316.67/hr over 6h 0m $2-5 No Limit Hold ‘Em PARX CASINO (Casino) |
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Streak: $9405.00 W4 - I am on a 4 session winning streak for a total of $9405.00 over 6 days.
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I came out $375.00 ahead during my last session, 5h 0m of $2-5 No Limit Hold ‘Em at PARX CASINO . From 2014-01-01 to 2014-01-31 I have played Hold ‘Em 100% of the time. I have played all of my games at PARX CASINO . I have been averaging 32h 54m of poker a week, or 29.38% of my waking hours (assuming I sleep eight a night).
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