February 2008 Recap

Cash game net profit = $717.73 (104.77 table hours)
Tournament net profit = $34.90
Total net profit = $752.63

Much better month than January. Of course, any profit at all would have made for a much better month.

Online tournament results for February:

Tournaments played = 135 (0 MTTs; 135 SnGs)
ROI = 20.53% (0% in MTTs; 20.53% in SnGs)

My online tournament count was way up for the month, which I'm very happy about. I'm also pleased with my 20.53% ROI in SnG play. What I'm not so sure about is the fact that I didn't play a single MTT. Even though I've been focusing more on cash games as of late, I should probably commit at least some time to multitable tournament play, even if only 1 day a week.

Looks like my conscious decision to remain patient in cash game play has paid off. By no means was this one of my best months, but at the very least, I do feel a little more confident that I don't have to make any major adjustments as far as my home game is concerned.

In somewhat loosely related news, I finally got an offer on the rental property that I've been trying to unload for some time. To be more specific, it's been vacant since October and on the market since January, so it's been sucking the life out of me for nearly half a year now. The effect that it's had on my poker game is that everything I win basically goes into making that mortgage payment. Once it's gone, I'll be able to reinvest my winnings into my poker bankroll rather than just living paycheck to paycheck. It's been a long time coming, but I think I finally see the light at the end of the tunnel.

On to the review of February's goals:

"1. Do a better job of managing my money. No more stabs outside of my poker bankroll, no more spending outside of my general budget. I need to do my best to live like an absolute miser until I develop better fiscal discipline."

I'm gonna give myself a solid B here. I definitely played within my bankroll, and I think I did a pretty good job of keeping my discretionary expenses in check.

"2. Set aside specific time for general study and to review my play. A couple of hours each Friday should do it."

Eh. This is pretty much an 'incomplete'. I set aside the time for study, I just never actually used it.

"3. Play a more structured online poker schedule. Right now, my goal is to play every Tuesday and Thursday night as well as Sunday mornings."

Well, I definitely played more online in February, but it wasn't exactly a 'structured' schedule. Turns out that Tuesday nights aren't all that great for me (gotta catch "The Biggest Loser"), so I'll have to figure something else out.

Goals for March:

1. Play a more structured online poker schedule. This month, I think I'll try to save Wednesday nights for multitable tournaments, Thursday afternoons for cash game play, and Friday afternoons for SnGs.
2. A couple of players in my home game have mentioned the idea of forming our own poker 'Crew' for the purpose of discussing hands, strategies, etc. I need to do my part to see that this idea reaches fruition.
3. Seal the deal on the sale of my rental property. I'm scheduled to close at the end of March (fingers securely crossed, of course).