September 08, 2010
My Biggest Leak - Free Coaching - Withdrawing Funds
My Biggest Leak:
I've thought for a while that my biggest leak is bankroll mgmnt. I'm thinking now, though, that it's not. It's focus/discipline. The days I lose the most are those days where I play 7-8 tables at a time. I do this because I try to run a few large MTTs on a monitor and keep my primary games on another. This sux! I'm stopping this immediately. It's unfortunate because I've identified a few MTTs that seem to always have some overlay an relatively soft fields, but I can't continue to do it because it's not good for my long-term goals.
Free Coaching
When I decided to quit my day job to make poker my primary income, I identified a desire to coach poker. I enjoy coaching/training people. It's why I've been in management for 15+ years. Â The thing is, though, is that due to some out-of-game leaks and mistakes I'm technically a losing player right now. Honestly, it won't take long at all for me to get back in the black once I implement more discipline and a stop-loss. Anyway, I've been kicking around this concept (and putting it off) for a little bit. I want to take 1 student - a complete noob - and show them what I know. As I do it, I'll document important concepts and ah-ha moments to help me organize a "training guide." I've got some other ideas on the specifics of the exact implementation that I think will be very beneficial for myself and the student. I had a Sales job one time where they believed that "if you can't give it away, you can't sell it." I feel that way also, Â so I'm going to do this for free for the first few students. Â
Withdrawing Funds
I read a Jennifear article about something...I think it was bankroll mgmnt. She mentioned in there a cycle that we can get into watching our poker accounts roller-coaster up and down if we never withdraw. It occurred to me this week that I'M THE PERSON SHE'S TALKING TO....lol. In my mind, I wanted to build my bankroll up to some ungodly amount and THEN start taking withdrawals - that's all wrong. I withdrew $350 from my Stars account yesterday and I feel GREAT! I think that taking periodic withdrawals is going to help me fix my big discipline leak. It feels awesome. I'm going to try taking a couple of small amounts each week. This way, hopefully I can just grow my bank account to some ungodly amount :)~ Â
1 Comments:
rincker posted on September 08, 2010 at 05:33 AM
i wouldn't consider myself a "noob" but id be willing to be your first student. ive never had a coach so it would be nice to see what its like. ive had a pretty good month two nice tournament cashes on pstars. I know what you mean about feeling good about taking money out. just today I took out 2500 from pstars and spent 2k on the new gen ipod itouch 64gb and a 30" monitor. go shopping bro. buy something nice. or something you been saving for that time when you have the extra money that seemed like it would never come. it will totally change your attitude. I work during the week so it would have to be at night or on weekend.
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