Sunday, March 29, 2009

Trade 2 - Riding out the momentum in Poker

Trade: Poker session; 11pm - 2am
Stakes: $200 buyin
Risk: $200
Profit: $120
Current Capital: $5,570

It was a tight session, with only buying in once due to very disciplined play - I have reduced many of my high variance type plays, due to the 40BB structure of the game, and also because I want to make preservation of capital the priority within the 5000 trades.

My aim in every poker session is to play until I lose my predefined buyin amounts (2.5 buyins) per session, if I'm losing focus or if I hit at least the predetermined risk/reward ratio at least 1.5 times the dollars that I risk that session.