Resigning from Day Job
June has been my best month for some time. For the first time since September last year I am running above EV in cash games. I've made over $2000 this month, with an hourly rate just in excess of $50/hr. Most importantly, it seems that at last my health may be improving. It is not comfortable sitting at the computer and after playing for an hour I am sore and stiff, but it's bearable and I have been able to put in the 40 hours I wanted to in the last month.
I told myself that if I could achieve $20 per hour during June, I would quit my job with the intention of going pro (whatever that means). On Friday I drafted a letter of resignation which I gave to my boss yesterday.
While it's certainly nice to be running better, I'm also pleased that I've been able to keep an active presence on the hand judging forum. Recently, I've been posting and commenting on a bunch of hands and it's a great feeling when you post a long comment on someone's hand and then the judge comes along, quotes your response in its entirety, and then puts "+1" below it. Of course sometimes it is the opposite: a diamond member tells you you played the hand terribly and you feel momentarily crushed. That's okay with me -- it's how I will improve.
It is clear that there are several spots where I'm failing to get value because of fear of betting into the best hand. I need to be really wary of this. In truth the majority of the money I have won this month has been coolering my opponents with monster hands, much of it preflop. That's nice, but it isn't how you make money in poker long-term and I need to work on my post-flop game hard to keep things moving in the right direction.
I have changed my mind about moving up to NL200. Having heard about a 40 buyin downswing suffered by someone on this forum, I'm not in any hurry to lose $8000... If I can make $20 per hour at NL100, then that's enough for me to be getting on with while I iron out some of the more obvious faults in my game.
My last day at work is 7 August, which more or less coincides with the end of my July poker month. So for July, I'm keeping my goals achievable:
July goals:
40 hours of poker;
achieve Iron status in the Ironman promo;
clear my $275 year-end IM bonus;
organise at least one sweat session per week (ideally two, one as the 'sweator' and one as the 'sweatee');
post at least 10 hands per week and try to comment on all hands posted on the BSS NL100 forum.
June stats:
total profit: $2425.17
total hours: 45.76
hourly rate: $53/hr
3-monthly avg EV $/hr (cash games): $23.85/hr
I will talk some more about the reasons for my resignation, and my plans for going pro shortly...
garph below:
