Monday, November 17, 2008

Back in the Saddle

I'm back in New Jersey. My stint in Nantucket ended up dragging out a bit longer than I had originally planned, which was frustrating, but overall it was a good trip. I ended up unexpectedly working full time, and wasn't really able to play any poker, but was able to spend some time with my family, meet some solid new friends, and make a few bucks, so it was all good.



Being back home is sorta strange. Granted, it's pretty sweet being able to basically do whatever and not have to pay any rent, but it has a special set of annoyances that come from being a twenty something douche living with his mom. Overall it's cool, though. I've been keeping a pretty set schedule, which is boring, but effective. I usually wake up around 10 or 11, eat, shower, eat some more, do my pathetic little workout routine (more on that later), and start playing Sit N Go's on PokerStars. I've been 6 tabling the $16 turbo's and so far doing well at them. I think I went into a deeper description of SNG's in a previous post, so I won't go into too lengthy a description, but they are widely considered to be a "solved" game, and if a player is disciplined enough, can grind out a steady profit without too much risk.


I've been playing about 30 sng's a day (which is nothing), and managed to play 159 last week for a profit of about $600. I actually ran ultra hot the first few days, and had the $600 by Wednesday, but then variance caught up with me, and a set of testicle-frying bad beats made me essentially break even for the second half of the week. Although I'm pleased with the financial results, I really have to make an effort to up my volume. The best way to do that is to play more tables at a time, which should be coming soon. I'm very comfortable doing 6 at a time, and will probably up it to 8 or 9 in the coming weeks. Some of the hardcore grinders play 16-20, which is just sick, but I'm sure I'll get there eventually.


After playing, I'll usually watch CNBC for a while. While in Nantucket, I became fascinated with finance and economics, and addicted to Jim Cramer's Mad Money. I realize what a controversial figure he is, but love him or hate him, he's helped thousands of average Joe's like me learn about the stock market. I was totally clueless a few months ago, but due to all the free (or cheap) resources out there, I'm now only mostly clueless. I've been toying with the idea of starting an online equities account, but the market is so insanely volatile right now that Im probably gonna hold off for a bit (Although I feel there are some unbelievable long term buys out there). I still have a ton of learning to do, but I definitely feel that investing in stocks are one of the key steps towards building long term wealth. I'm also eager to see what happens in the global economy in the coming months.


That's about it - my nights are usually spent reading or checking out some of the poker forums, and I try to get to sleep by around 2am. It's a pretty boring schedule, but hopefully I can maintain it without losing my mind. I'm supposed to be back in Vegas in early December, so for now, this will do.

No comments: