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-   -   What`s all part of being a pro? (http://archives1.twoplustwo.com/showthread.php?t=533000)

recallme 10-28-2007 06:02 AM

What`s all part of being a pro?
 
I think it`s not just puting lots of hands in and play good poker.

Do you try to eat and live helthy?
How much time do you take off and go for holiday.
Are you doing sth special before starting a session (meditating, jogging)?
How do you try to keap poker fun for you?

I don`t know if there is any interest in these topic, but perhaps if everyone ives away one of his secrets, we could all get better pros.

DanielDayLewis 10-28-2007 07:10 AM

Re: What`s all part of being a pro?
 
I never just sit down at the computer and play immediately when I wake up. I think the brain needs 15-30 min to function properly to play. I always used to donk off money for the first 30 min of my sessions before.

I've taken five or six months off this year (yes I play professionally) I don't recommend that.

luegofuego 10-28-2007 08:08 AM

Re: What`s all part of being a pro?
 
im actually pretty interested in peoples responses for this. i have huge leaks in this department. i take very poor care of myself and play on bad hours vs bad players. id def be more focused if i ate better and exercised, would be able to put more hours in etc.

AceCR9 10-28-2007 04:50 PM

Re: What`s all part of being a pro?
 
[ QUOTE ]
I think it`s not just puting lots of hands in and play good poker.

Do you try to eat and live helthy? sorta
How much time do you take off and go for holiday. 1 week a month on average
Are you doing sth special before starting a session (meditating, jogging)? lol, no
How do you try to keap poker fun for you? poker isn't fun.


[/ QUOTE ]

limon 10-28-2007 05:15 PM

Re: What`s all part of being a pro?
 
[ QUOTE ]
I think it`s not just puting lots of hands in and play good poker.

Do you try to eat and live helthy?
How much time do you take off and go for holiday.
Are you doing sth special before starting a session (meditating, jogging)?
How do you try to keap poker fun for you?

I don`t know if there is any interest in these topic, but perhaps if everyone ives away one of his secrets, we could all get better pros.

[/ QUOTE ]

the key to being a long time winning pro is making poker less than 1/5 of your income over a 10 yr. period from the time you start.

AZK 10-28-2007 05:29 PM

Re: What`s all part of being a pro?
 
[ QUOTE ]
[ QUOTE ]
I think it`s not just puting lots of hands in and play good poker.

Do you try to eat and live helthy?
How much time do you take off and go for holiday.
Are you doing sth special before starting a session (meditating, jogging)?
How do you try to keap poker fun for you?

I don`t know if there is any interest in these topic, but perhaps if everyone ives away one of his secrets, we could all get better pros.

[/ QUOTE ]

the key to being a long time winning pro is making poker less than 1/5 of your income over a 10 yr. period from the time you start.

[/ QUOTE ]

sick.

lippy 10-28-2007 06:26 PM

Re: What`s all part of being a pro?
 
[ QUOTE ]
[ QUOTE ]
I think it`s not just puting lots of hands in and play good poker.

Do you try to eat and live helthy?
How much time do you take off and go for holiday.
Are you doing sth special before starting a session (meditating, jogging)?
How do you try to keap poker fun for you?

I don`t know if there is any interest in these topic, but perhaps if everyone ives away one of his secrets, we could all get better pros.

[/ QUOTE ]

the key to being a long time winning pro is making poker less than 1/5 of your income over a 10 yr. period from the time you start.

[/ QUOTE ]

Holy...

mrcoughman 10-28-2007 07:34 PM

Re: What`s all part of being a pro?
 
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
I think it`s not just puting lots of hands in and play good poker.

Do you try to eat and live helthy?
How much time do you take off and go for holiday.
Are you doing sth special before starting a session (meditating, jogging)?
How do you try to keap poker fun for you?

I don`t know if there is any interest in these topic, but perhaps if everyone ives away one of his secrets, we could all get better pros.

[/ QUOTE ]

the key to being a long time winning pro is making poker less than 1/5 of your income over a 10 yr. period from the time you start.

[/ QUOTE ]

sick.

[/ QUOTE ]

I'm not sure I see how that is possible unless you dedicate like no time to poker whatsoever. Obviously limon has a lot of experience in the long term in this field. I could see the comment being related to time investment, but to actual financial earnings? If you are not in business or finance or in some other financially lucrative field, I just don't see how the money can be comparable.

Oki-Oki 10-29-2007 02:30 AM

Re: What`s all part of being a pro?
 
Limon can you please expand on that, Im sure its something not many of us are doing.

MatthewRyan 10-29-2007 02:47 AM

Re: What`s all part of being a pro?
 
[ QUOTE ]
Limon can you please expand on that, Im sure its something not many of us are doing.

[/ QUOTE ]

PrimogenitoX 10-29-2007 03:34 AM

Re: What`s all part of being a pro?
 
[ QUOTE ]
[ QUOTE ]
Limon can you please expand on that, Im sure its something not any of us are doing.

[/ QUOTE ]

[/ QUOTE ]

Bakes 10-29-2007 06:41 AM

Re: What`s all part of being a pro?
 
i thought he meant, make money with poker but invest it and put it to good use so in 10 years those investments from your savings amount to 4x etc

or wrong?

jfish 10-29-2007 07:05 AM

Re: What`s all part of being a pro?
 
but your roi in poker is going to be way higher than any investments isnt it?

AcidKnight 10-29-2007 10:04 AM

Re: What`s all part of being a pro?
 
I think he did mean that you should be constantly funneling money from poker into other investments to limit your actual financial exposure at the table.

As for ROI, yes, it should be higher in poker than in other investments, but you have to do a lot of work and assume more financial risk at the poker table. If you're constantly funneling money into real estate and other good investments in the stock market or whatever, your ROI might not be as high, but you'll be making money and you won't have to actively do anything to get it.

Jamsym 10-29-2007 10:10 AM

Re: What`s all part of being a pro?
 
Joe the pro has all the answers of being a pro internet poker player.

Episode 1: http://www.youtube.com/watch?v=Xr9hgQBGsfs
Episode 2: http://www.youtube.com/watch?v=SUdmvgbeyi4
Episode 3: http://www.youtube.com/watch?v=zJkYc0nPMy4
Episode 4: http://www.youtube.com/watch?v=lyx7djE-VwY
Episode 5: http://www.youtube.com/watch?v=b-sWivOtnrk

Oki-Oki 10-29-2007 12:08 PM

Re: What`s all part of being a pro?
 
[ QUOTE ]
Joe the pro has all the answers of being a pro internet poker player.

Episode 1: http://www.youtube.com/watch?v=Xr9hgQBGsfs
Episode 2: http://www.youtube.com/watch?v=SUdmvgbeyi4
Episode 3: http://www.youtube.com/watch?v=zJkYc0nPMy4
Episode 4: http://www.youtube.com/watch?v=lyx7djE-VwY
Episode 5: http://www.youtube.com/watch?v=b-sWivOtnrk

[/ QUOTE ]

If i cared about this i would be reading NVG or BBV

Jamsym 10-29-2007 12:12 PM

Re: What`s all part of being a pro?
 
[ QUOTE ]
[ QUOTE ]
Joe the pro has all the answers of being a pro internet poker player.

Episode 1: http://www.youtube.com/watch?v=Xr9hgQBGsfs
Episode 2: http://www.youtube.com/watch?v=SUdmvgbeyi4
Episode 3: http://www.youtube.com/watch?v=zJkYc0nPMy4
Episode 4: http://www.youtube.com/watch?v=lyx7djE-VwY
Episode 5: http://www.youtube.com/watch?v=b-sWivOtnrk

[/ QUOTE ]

If i cared about this i would be reading NVG or BBV

[/ QUOTE ]

Ok i get your point. Maybe you care more about this?

http://smouch.net/lol

Oki-Oki 10-29-2007 12:16 PM

Re: What`s all part of being a pro?
 
[ QUOTE ]
but your roi in poker is going to be way higher than any investments isnt it?

[/ QUOTE ]

This is probably true but imo alot of ppl have often huge amounts of money sitting around in their "bankroll" that they are not using and in that case its much better off elsewhere.

Oki-Oki 10-29-2007 12:18 PM

Re: What`s all part of being a pro?
 
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Joe the pro has all the answers of being a pro internet poker player.

Episode 1: http://www.youtube.com/watch?v=Xr9hgQBGsfs
Episode 2: http://www.youtube.com/watch?v=SUdmvgbeyi4
Episode 3: http://www.youtube.com/watch?v=zJkYc0nPMy4
Episode 4: http://www.youtube.com/watch?v=lyx7djE-VwY
Episode 5: http://www.youtube.com/watch?v=b-sWivOtnrk

[/ QUOTE ]

If i cared about this i would be reading NVG or BBV

[/ QUOTE ]

Ok i get your point. Maybe you care more about this?

http://smouch.net/lol

[/ QUOTE ]

Just leave if you have nothing to contribute. And ppl wonder why so many great posters dont post as much anymore.

Jamsym 10-29-2007 12:23 PM

Re: What`s all part of being a pro?
 
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Joe the pro has all the answers of being a pro internet poker player.

Episode 1: http://www.youtube.com/watch?v=Xr9hgQBGsfs
Episode 2: http://www.youtube.com/watch?v=SUdmvgbeyi4
Episode 3: http://www.youtube.com/watch?v=zJkYc0nPMy4
Episode 4: http://www.youtube.com/watch?v=lyx7djE-VwY
Episode 5: http://www.youtube.com/watch?v=b-sWivOtnrk

[/ QUOTE ]

If i cared about this i would be reading NVG or BBV

[/ QUOTE ]

Ok i get your point. Maybe you care more about this?

http://smouch.net/lol

[/ QUOTE ]

Just leave if you have nothing to contribute. And ppl wonder why so many great posters dont post as much anymore.

[/ QUOTE ]

Lot of ppl find joethepro's episodes funny fyi.

Maybe people don't post because of the condescending attitude of some posters?

AcTiOnJaCsOn 10-29-2007 12:41 PM

Re: What`s all part of being a pro?
 
OP, the question you pose is a difficult one that unfotunately doesnt have one clear answer, many people have definitions of what they think a pro is. The simple definition of a pro in poker in my opinion is one who derives his income, and pays his living expenses with poker. I think the question your asking is how do we all do that the most efficiently, and my answer is this: live a balanced life, and have good time management skills. You need to balance a social life, cards, and school, and you other hobbies etc together well your going to be an effective player (and human being) . Most importantly i think its very important to get out in the real world a lot, which includes meeting and making a lot of aquantinces since it can be easy to be confinded to your desk doing what we do for a living, which is an unhealthy lifestyle. Lastly, and i think aba mentioned this in his blog or videos, but imo working out and regular excercize is key, not only for longevity or for health reasons, but it keeps you more focued and sharp for your sessions.

bmxicle 10-29-2007 12:45 PM

Re: What`s all part of being a pro?
 
a pro can be some degen loser who grinds out 10k a year and is too dumb/lazy to get a job or it can be patrik antonius, and anything in between.

PrimogenitoX 10-29-2007 01:59 PM

Re: What`s all part of being a pro?
 
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Joe the pro has all the answers of being a pro internet poker player.

Episode 1: http://www.youtube.com/watch?v=Xr9hgQBGsfs

Episode 2: http://www.youtube.com/watch?v=SUdmvgbeyi4
Episode 3: http://www.youtube.com/watch?v=zJkYc0nPMy4
Episode 4: http://www.youtube.com/watch?v=lyx7djE-VwY
Episode 5: http://www.youtube.com/watch?v=b-sWivOtnrk

[/ QUOTE ]

If i cared about this i would be reading NVG or BBV

[/ QUOTE ]

Ok i get your point. Maybe you care more about this?

http://smouch.net/lol

[/ QUOTE ]

Ban.

limon 10-29-2007 02:04 PM

Re: What`s all part of being a pro?
 
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Limon can you please expand on that, Im sure its something not any of us are doing.

[/ QUOTE ]

[/ QUOTE ]

[/ QUOTE ]

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.

Landlord79 10-29-2007 02:17 PM

Re: What`s all part of being a pro?
 
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Limon can you please expand on that, Im sure its something not any of us are doing.

[/ QUOTE ]

[/ QUOTE ]

[/ QUOTE ]

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.

[/ QUOTE ]

<<<New goal and perspective set, thanks for the awesome breakdown!

rand 10-29-2007 02:24 PM

Re: What`s all part of being a pro?
 
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Limon can you please expand on that, Im sure its something not any of us are doing.

[/ QUOTE ]

[/ QUOTE ]

[/ QUOTE ]

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.

[/ QUOTE ]

i dont say this often but great post

smellmuth 10-29-2007 04:10 PM

Re: What`s all part of being a pro?
 
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Limon can you please expand on that, Im sure its something not any of us are doing.

[/ QUOTE ]

[/ QUOTE ]

[/ QUOTE ]

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.

[/ QUOTE ]

i dont say this often but great post

[/ QUOTE ]

Leptyne 10-29-2007 04:15 PM

Re: What`s all part of being a pro?
 
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Limon can you please expand on that, Im sure its something not any of us are doing.

[/ QUOTE ]

[/ QUOTE ]

[/ QUOTE ]

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.

[/ QUOTE ]

Or you could sign on with IMG World who, for a price, would help you with this.

Oki-Oki 10-29-2007 04:40 PM

Re: What`s all part of being a pro?
 
Thanks limon alot to think about

Ghazban 10-29-2007 04:45 PM

Re: What`s all part of being a pro?
 
What always surprises me is the number of people that read a post like limon's, say "wow, that's some deep [censored]", think about it for a few weeks, then go on to the ruinous path he describes anyway. Some people just have to go through it to believe it.

DJ Sensei 10-29-2007 04:53 PM

Re: What`s all part of being a pro?
 
[ QUOTE ]
but your roi in poker is going to be way higher than any investments isnt it?

[/ QUOTE ]

Yes thats kinda the principle i've been operating on for a while now. I'd love to get into more investments of all types, but I can't really justify it at this point when the money I'm earning is best reinvested in playing bigger games that i've got an edge in. I can definitely see the horizon though where 100% of my new income will be funnelled into non-poker investments (probably at a bankroll of about 200k, since 25/50nl is about the biggest game that runs frequently online now)

king_of_drafts 10-29-2007 05:07 PM

Re: What`s all part of being a pro?
 
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Limon can you please expand on that, Im sure its something not any of us are doing.

[/ QUOTE ]

[/ QUOTE ]

[/ QUOTE ]

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.

[/ QUOTE ]

good post but I disagree with a lot of it. Many of the biggest winners online are ones that took shots aggressively knowing they had the humility and discipline to move back down if they lost. Often they did, and quickly clawed their way back up. Also, these are guys who have made 1-2 mil in their first couple years of playing and will probably have huge sums by their mid-20's specifically because they focused almost solely on poker poker poker.

The guys that are smart enough to perhaps have taken your advice are the ones that will escape the boom/bust cycle not by investing elsewhere but by getting good enough to demolish the games for millions and have a huge enough roll to pad against the variance.

Gorilla Boy 10-29-2007 05:52 PM

Re: What`s all part of being a pro?
 
Ahhhhhh spaces:

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.

Oki-Oki 10-29-2007 06:14 PM

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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good post but I disagree with a lot of it. Many of the biggest winners online are ones that took shots aggressively knowing they had the humility and discipline to move back down if they lost. Often they did, and quickly clawed their way back up. Also, these are guys who have made 1-2 mil in their first couple years of playing and will probably have huge sums by their mid-20's specifically because they focused almost solely on poker poker poker.

The guys that are smart enough to perhaps have taken your advice are the ones that will escape the boom/bust cycle not by investing elsewhere but by getting good enough to demolish the games for millions and have a huge enough roll to pad against the variance.

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Yeah but there are not too many ppl that are good enough to make this money. Or have the dedication and smarts to survive at High Stakes for a number of years.

Yet there alot of ppl on these boards that will make between 200 and 300k this year. I think limons advice is mostly directed and applicable to them. The superstars of the online world are few and far between but there are alot of semi-skilled guys making some fairly good money.

Lefort 10-29-2007 07:39 PM

Re: What`s all part of being a pro?
 
[ QUOTE ]
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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Thanks for putting it into words. Pretty much my philosophy since the summer, hence why I've started taking classes and studying about real estate/business/finance/stock market/etc.. The points that people make about making more in the present with poker could potentially be true, but I value the real-life experiences of proceeding with other ventures more valuable than the potential money I'm "missing out on" at poker. I'd rather be a well-rounded young millionaire than one that spent the last 2 years in front of a computer mastering a single game. I'm looking to be more of a jack-of-all-trades... but thats just me.

Oki-Oki 10-29-2007 08:30 PM

Re: What`s all part of being a pro?
 
[ QUOTE ]
[ QUOTE ]
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.

[/ QUOTE ]

Thanks for putting it into words. Pretty much my philosophy since the summer, hence why I've started taking classes and studying about real estate/business/finance/stock market/etc.. The points that people make about making more in the present with poker could potentially be true, but I value the real-life experiences of proceeding with other ventures more valuable than the potential money I'm "missing out on" at poker. I'd rather be a well-rounded young millionaire than one that spent the last 2 years in front of a computer mastering a single game. I'm looking to be more of a jack-of-all-trades... but thats just me.

[/ QUOTE ]

Also I doubt alot of Midstakes and higher pros are logging 30+ hour weeks on a consistant basis. We all have a ton of free time if we so choose to work on outside investments etc without sacrificing any play. But the whole problem is most of us chose poker because its fairly easy money and we are lazy for the most part.

DanielDayLewis 10-30-2007 03:07 AM

Re: What`s all part of being a pro?
 
I disagree that most 2+2ers are lazy.

I think to get good enough to beat HS games you really need to be self motivated and constantly be analyzing your game. Right from day 1 just about everyone is telling you how you can't make a living "gambling" and you pretty much need to study your ass off on your own. Most HS players go/went to top Universities also it seems.

I agree with limon on a lot of his post. I think one determining factor on how many hours to put in is how you feel the games will be in 3-10 years. If you feel poker will always be there to fall back on then take your time and explore everything. If you feel that the games will be dead by 2010 then play like a madman so you can get the type of financial security you will need later when u are a fish in another field.

recallme 10-30-2007 08:18 AM

Re: What`s all part of being a pro?
 
Lately i was sitting at 2 tables with 2 fish to mz left and on the other table 1 was siiting 2 left from me.

I was sick of playing, because of playing mz best poker ever, but still beind down 3,5Bi. I played really gorgeuos.

But i left. Is this plain unprofesionel?

ipokeder 10-30-2007 08:33 AM

Re: What`s all part of being a pro?
 
lolllllllllllllll

AcTiOnJaCsOn 10-30-2007 11:30 AM

Re: What`s all part of being a pro?
 
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
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.

[/ QUOTE ]

Thanks for putting it into words. Pretty much my philosophy since the summer, hence why I've started taking classes and studying about real estate/business/finance/stock market/etc.. The points that people make about making more in the present with poker could potentially be true, but I value the real-life experiences of proceeding with other ventures more valuable than the potential money I'm "missing out on" at poker. I'd rather be a well-rounded young millionaire than one that spent the last 2 years in front of a computer mastering a single game. I'm looking to be more of a jack-of-all-trades... but thats just me.

[/ QUOTE ]

Also I doubt alot of Midstakes and higher pros are logging 30+ hour weeks on a consistant basis. We all have a ton of free time if we so choose to work on outside investments etc without sacrificing any play. But the whole problem is most of us chose poker because its fairly easy money and we are lazy for the most part.

[/ QUOTE ]
lol so true


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