January

One month into 2010, it’s time to review my progress towards my Yearly Resolutions.

Goal 1: Average 15 Hours/Week Playing My “Regular” Games

I’ve found that 15 hours/week enables me to earn a pretty healthy income, far more than I could make at any real job I could get, without impeding too much on my lifestyle.

I consider my regular games to be anywhere from 2/4 NL to 50/100 NL as well as big tournaments like the Sunday Majors, the FTOPS, and the WCOOP; time spent playing any of these will count towards my goal.

Slightly ahead of pace: I played about 70 hours this month, not counting a few hours spent in smaller stakes games and the PLO8 tournament at the PCA.

Goal 2: Earn $X in NLHE Cash Games

It’s very tough to predict or control what I will earn playing tournaments. With cash games, though, it’s mostly a question of game selection and putting in hours. It’s not something I’m going to announce publicly, but I am going to set a target, and I am going to put in extra hours towards the end of year if I’m on pace to come up short.

Ahead of pace. Running good at 40/80 and 25/50 helps. A few more months like this one, and I’ll be a happy boy.

Goal 3: Earn Supernova status on PokerStars

My plan for this is to table select as usual in the beginning of each month, and then assess my progress towards the end of each month. If I’m on pace to come up short, I’m going to put in extra hours above and beyond my weekly goal just grinding 9 tables of $1/2 NLHE (or smaller) until I hit my VPP target for the month. Hopefully this is something I can do relatively stress-free, just an hour or two at a time, when I’m not in the mood to put in a proper session in higher stakes games. To be honest, my hourly rate should still be quite good multi-tabling SSNL, so hopefully this will incentivize me to make a little money in what would otherwise be downtime.

On pace, barely. I picked up Silver Star with barely and hour to spare last night, but even 7500 FPP/month isn’t going to be enough. Then again, I spent 8 days playing live in the Caribbean without so much as signing into Poker Stars, so I still think is doable.

Goal 4: Monetize This Blog

I know I keep saying it, but sooner or later I really am going to look into making money a little more directly from this blog. I feel like it’s right on the cusp of being pretty profitable. That doesn’t have to mean ads, though it might. Maybe I’ll…

Under discussion.

Goal 5: Write a Book

I’ve talked about this before, but this is the first time it’s ever been an explicit goal. I’ve already got some downtime sketched out in the next few months to work on this and have been kicking around some ideas in my head. Rather than trying to write one big, expensive e-book as a lot of people have done, I’m thinking of doing a series of smaller, modular works that could be purchased separately or as a set. Those of you who read this blog regularly are going to be a big chunk of the target audience, so keep an eye out for posts in the next few weeks soliciting your input about what you’d like to see in a poker book authored by yours truly.

I’ve got about 15 single-spaced pages in a Word document so far, but it’s pretty directionless. I just decided if I was ever going to do this, I was just going to have to start writing and do some severe editing later. A lot of it will probably be used for articles or blog posts rather than a book, but I’ve found the only way to get myself motivated for a big project is just to start working and figure the big picture out later.

Goal 6: Average One Blog Post Per Day

I know it’s been a little quiet on here of late. Part of that is the holidays, and part of it is just laziness. I want to get back to posting once a day. There will probably be more non-poker content, and not all of the poker stuff will be equally in-depth, but overall you can expect to see more and better content here.

Close. I made 28 posts versus 31 days in January. That means I owe you a few.

Goal 7: Average Five Hours of Coaching Per Week

Coaching was extremely fun and rewarding for me last year. So far, except for my group seminars, I haven’t done much to market myself as a coach or actively solicit students. I’ve mostly just worked with students as they’ve come to me, and so so far that’s kept me just about as busy as I’d like to be with coaching. I want to ramp it up a bit this year by setting a monthly goal and actively soliciting students if necessary to ensure that I’ve got a regular stream of students.

I thought I was way ahead on this until I added it up. I’ve got three great students right now, all very good players who I feel like are in just the right place to be working with me and learning very quickly. Even counting the time I spend preparing for each session, I’m still not hitting five hours/week. I may not end up making this one, as I’m pretty happy with the amount of coaching I’ve been doing this month.

I probably will be taking on some new students soon, so if you’re interested, check out my poker coaching information.

Goal 7: Average an Hour a Day of Dedicated Studying and Improvement

I’m going to be very broad about what this can include: reading books, watching videos, reviewing hands in Hold ‘Em Manager, talking poker with a friend, and even blogging (when it’s related to reviewing my play).

Not even close. I came in at about 10 hours for the month, though I was pretty conservative about how much blogging I counted. Also, I tend to study more when I’m running bad, as I try to play a lot when things are going well for me and I’m feeling confident. Still, I think I’m going to have step up my efforts here.

Goal 8: Use Hold ‘Em Manager

I switched from Poker Tracker to Hold ‘Em Manager last year. PT2 is great, but HEM is just better. For the last part of the year, I was playing without it on my laptop. It does get in my way sometimes, but I’d rather learn how to work with it than insist on playing without it.

So far, so good. I’ve accustomed myself to using the HUD on my laptop, and it’s definitely helped me with some decisions. Even just checking out how tight the blinds are, how often the Button three-bets, and how often the guy on my right folds to three-bets has probably increased my win-rate by 10%.  I know there’s a lot more I could be doing, too.

Goal 9: Finish the Year with a 4BB/100 Win-Rate at 5/10 NL and/or Higher

Same goal as last year, since I didn’t achieve it but still think it’s very viable. It might be cheating a little, but I’m going to allow myself to count my results from bigger games towards this goal or not depending on whether I do better in them than I do in 5/10 (this was the cast last year). Basically, if I am at 4 BB/100 over a big sample at 5/10, then I don’t care how I’m doing in bigger games. If I’m not doing quite that well at 5/10 but am at 4 BB/100 if I also count bigger games, then that’s certainly a fine result as well.

Killing it, baby! I’m running better than 17 BB/100 for my last 10K hands. Sustainable?

Goal 10: Play 50,000 Hands of Heads Up NLHE at 5/10 and Higher

Last year, my win rate at heads up was twice what it was at ring games. Plus, it’s a great way to improve poker skills in general, and at stakes above 10/20, it’s often the only way to get action.

Ahead of schedule, I’ve got 5500 hands under my belt. I’m down $1000, which of course is virtually nothing at these stakes, and I’m $3000 below EV. Still, I’m not happy with how it’s going, particularly after I made some bad bluffs last night (I’ll post those hands soon).

All in all, so far so good. I’m putting in hours, having fun (for the most part), and making money. Can’t beat that!

How did January treat you?