Baggerlords Journal

baggerlord · Oct 30, 2003

Quote from ChartingMarkets:

Is this something your playing online?
A friend of mine who lives England does this for a living now for over 4 years. He used to go to the live tournaments now he goes to the online poker rooms. He scratches a living together. He has averaged about 50 grand per year 3 years running from it. However he is not playing poker with 500 dollars in his total pot, that would be insane. So are you playing online?

Yep I am playing online. I started with a few hundred but I am up thousands by now, wouldn't even think of going pro until I have a comfortable bank roll.

Thanks Nkhoi. Good luck in your trading.

traderkay · Oct 30, 2003

another one bites the dust

We have a pretty vicious attrition rate for ES/NQ traders here... More like 99%.........

random trader · Oct 30, 2003

Quote from traderkay:

another one bites the dust We have a pretty vicious attrition rate for ES/NQ traders here... More like 99%.........

That's not fair. If I can get 1000% return playing cards, or whatever, I will quit trading now.

baggerlord · Oct 31, 2003

Quote from traderkay:

another one bites the dust We have a pretty vicious attrition rate for ES/NQ traders here... More like 99%.........

But this one quit while he was about $100 ahead.

Seriously, poker is just so much easier that I don't feel the need to get myself all stressed out trying to beat the markets. I realized I would rather do a little math than try and predict the future. The hours are much nicer as well. If I hadn't found poker I would still be trading for sure, but I did some numbers last night and I am making over $50 an hour, and that is a huge amount of money for me.

easyrider · Oct 31, 2003

If you are making $50 an hour playing $5/10 you are a phenomonen. Congratulations. 5 big bets an hour is incredible.

baggerlord · Oct 31, 2003

Keep in mind this is in hi/lo. If I said I was doing that in holdem I would be full of it.

EDIT: I also play multiple tables when there are a few going. Makes a big difference.

easyrider · Oct 31, 2003

Ive often thought it would be possible to design software that could play limit holdem. The competition in the lower limits is atrocious but its hard to make a living. Playing multiple games could solve this problem. I can handle three at a time but just barely. A computer could play many games at once. The rules for a winning system at low limits is not that complicated.

baggerlord · Oct 31, 2003

There are rumors that people are already doing that, but it is all just speculation I think. I can't stand playing the low limit tables, too many fish, and when have 4 fish calling you to the river when you hold AA, you are an underdog to win. Gets old. The only holdem I play now is in tournaments where skill usually prevails.

Mr Subliminal · Oct 31, 2003

Quote from baggerlord:

I can't stand playing the low limit tables, too many fish, and when have 4 fish calling you to the river when you hold AA, you are an underdog to win.

No, you are still the favorite to win, but your chances of winning the hand go down when compared to, say, 2 fish calling you to the river. On the other hand, your expectation with more players in the pot goes up.

Nice to hear of your online exploits

baggerlord · Nov 1, 2003

I've set a goal for myself, I have cashed out all but $100 from my account. If I can turn that into 1k within a week I am putting in my two weeks notice and going pro. Wish me luck!