Friday, March 2, 2012

$0 to $10K - My Way, Update #14

You may have thought that after my big cashes at the Fallsview Casino in Niagara and at Casino Rama that I would give up the 'penny poker project". Not so! I continued my quest of  "$0 to $10K" in February, with disastrous results. Take a look.


I went from $249.63 on Feb 1, to $168.54 on February 29.  A loss of 32%. Ouch.  It is even worse if you consider my February (and all-time) high of $291.67.

So what happened. Varience?, Arrogance? (after all I just cashed big time in live tourney's) Maybe a bit of both.

In any case I didn't go 'broke' as my bankroll management techniques have kept me in the game.  I reviewed my game and it appears there were many factors at play. Variance or 'luck' was the largest. But, I was also getting very sloppy in my play. Most of the loss came from playing some cash games. I was playing stupid poker. In small stakes Poker, when somebody makes a big bet - one should believe them. They are not usually bluffing. I wasn't a believer in February and it cost me. I have corrected that. I played a 'maniac' style of Poker and lost.

So, I changed my game, returned back to some old fashioned tight, but aggressive poker and I have started my turn around. (Note the nice spike on March 1.)

The challenge continues, and my live tournament play continues.

Kevin Flops a Royal Flush

Kevin Flops a Royal Flush
A Royal Flush for Kevin