£10,000 by June 1st 2019
The end goal is simple, have £10,000 in my bank account before June 1st 2019. This is not limited to poker, I have a part time job which pays fairly well, and I'm planning on finding other sources of income that I can do on the side. But, I really want to try and include poker in here as I believe it gives me the best chance to push myself to the £10k goal.
A little about myself now:
My name is Nick, I'm 24yo, I used to play 20nl/50nl for many years before I decided to quit and focus on learning to trade the stock market. Unfortunately I fell into the trap so many do with stock trading: an online guru shows how easy it is to make millions, buy into it, lose most of the initial investment and spend the next year working part time and not making any money trading. At the start of 2018 I actually began to make some money in the market before I made some stupid changes lost again and lost a lot of confidence in myself.
The £10k goal is really about me trying to be in a position next year to start trading again with a larger account after I have spent time researching and practicing with no money risk. It would also allow me to play higher live stakes poker which would also be cool and hopefully either poker or trading can one day provide me with an income that will not require me to have a real job.
I won't actually be back in the UK until September 7th and don't see myself playing much poker until after a month of work to build my bank account back up from my summer abroad! But I will spending a few nights in Vegas next week and although I'm going in with the attitude that the money I have for poker is entertainment value (and if I lose it all it's fine), if I do make profit that will start off my challenge earlier and give me a chance to start playing sooner when I get home.
As for the plan back home: I want to mix live and online poker with two separate bankrolls. I will probably start with around 400 online to get my feet wet playing 10nl when I can, and aim for 20k hands/month. My shots will be at 20BI and each time I'll have two BI to play with at the higher stake. Live my goal is to wait until my bank account is at £2,500 and to take £500 as my live shot. If I lose this I will wait until my account hits £2,500 again. If I run good early on and build up I will take shots at 1/3 when my account makes it to around £5,000 with £600 shot. My goal is to play live once or twice a week depending on my work and on the bankroll - I won't over play if I'm at £2,500, that is when I want to preserve capital for when I get paid again and can have a larger live cushion.
I will probably only update weekly or something as I won't play enough online to make daily updates worthwhile, maybe I'll make live updates