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Old 10-29-2007, 02:04 PM
limon limon is offline
Senior Member
 
Join Date: Dec 2002
Location: los angeles
Posts: 1,478
Default Re: What`s all part of being a pro?

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Limon can you please expand on that, Im sure its something not any of us are doing.

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in my experience most wanna be pros start out thinking their gonna love playing poker forever and so they never prepare for that day when it all comes crashing down. so when they make their first 50k playing 5-10nl or whatever they just move up to the next highest limit that they can barely afford. so even though they are moving up limits their lifestyle isnt changing and they still have all thier eggs in one basket. this is bad for financial and psychological reasons. inevitably they go on a massive losing streak and because they were always playing right on the edge of what they could afford it buries them. now they have to work their way out of this hole and it becomes a horrible grind, many go on life tilt at this point. fully coming to the realization of how many hours theyre gonna have to put in ,they borrow money (from people like me) to make a quick hit and then really get stuck. a smarter plan would be to move up slower and invest on the way so you never have to do any one thing to survive. sooooo, instead of jumping straight from 5-10 to 10-20 buy a little triplex. instead of jumping straight from 10-20 to 25-50 buy a laundromat or a parking lot. instead of buying into 20 events at the wsop parter w/ someone in a business venture that you find interesting. instead of playing 70 hours a week play 40 and get a part time job you really enjoy (i still do golf club repair to this day). keep your ears open at the casino for opportunites, (one of my biggest f-ups was not partnering w/ co owner of an l.a. casino who was starting an offshore sportsbook a decade ago), pretty soon you realize that you never have to play poker again...then your poker game becomes unbeatable and you see the grinders in a totally different way. i guarantee you 10 years from now the "winners" who post on 2+2 will NOT be the guys playing 6 screens 80 hours a week at higher and higher stakes. it will be the guys who are writing books or software or starting "poker schools" and it wont be because they made a fortune doing any of these things it will be because they diversified early and stepped out of the boom/bust cycle.
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