Boogster’s Blog

Another day, another year…F, time flies.  It’s 2009.  Next year will be 2010.  It seems like the millennium new year’s eve passed just not too long ago.  And now, we’re almost a decade past.  A DECADE!  Not quite, but almost.

I went through a lot of changes in 2008.  At the start of the year, I was once again very gung ho on “conquering the trading world”.  By the end of January, I was pretty much dunzo with daytrading.  Who could forget?  Black Wednesday.  F Black Wednesday.  I still haven’t really explained what happened.  I will though.  One day.  Some day.

This year past was yet another big learning experience for me.  Most importantly, I learned that daytrading is not for me.  I think that I’m good at the quick thinking aspects of daytrading, but my inability to control my emotions was usually the culprit of my problems.  Not to mention the fact that I hated the sleepless nights and the ever stressful days.  On more than a handful of occasions, I wanted to rip my hair out for taking on a silly trades.  I don’t have that kind of crazy stress anymore.

In the end, I realized that daytrading just wasn’t worth it.  Eight hours a day, tons of money in commissions, and so very little to show for it.  IT JUST WASN’T WORTH IT. I spent over 2 years of my life chasing a dream.  I don’t regret any of it though because at least now, I know.  The most important lessons in life are usually the failed ones.  NOW I KNOW.

Another thing that I learned was that I hate working for anyone else, but myself.  In July, I went back to work for an IT company on a temporary contract and I absolutely hated it.  It took me going back to realize how much I hated it.  Never again.  Not if I can help it.  Working for someone else…SUCKS.  Always did, always will.

Poker. I didn’t play as much poker as I was supposed to play in 2008.  53 sessions in 2008 versus 74 in 2007, but the good news is that I actually made more money than I did last year.  Honestly, I felt like I barely even played any poker at all.  Yes, I had 53 sessions, but I would say that most of them were 3 hours or less.  I don’t know, I just didn’t really feel the urge to play that often.

For 2009, I’d like to build a nice bankroll of around $10k, then take a shot at the $5/$10 NL game (max $1500 buy-in) at the Borgata.  I’ve played $5/$10 NL before, but never did well, so I think it’d be a nice challenge to beat that game as well.  I’d also like to play in some more tourneys, preferably some smaller buy-in ones, and cash in more of them.  I probably said the same thing last year.   Whatever, we’ll see what this new year brings.  Hopefully, it’ll end with me buying in for $15k at the $10/$25 NL game.

Trading. I recovered somewhat nicely in the second half of the year, after a disastrous January, when I had the ultimate blowup.  I did make one silly trade at the end of the year (UYM), which costed me about $15k to $20k.  If it weren’t for that one trade, I’d probably be in the black for the year.  This was the first year in a long while that I didn’t end in the black.  Kinda sucks, but I know that I can’t win em all.  I’m not Bernard Madoff.  It’s okay though.  I feel as though I’m in a good place now with swing trading.  It’s more controlled, less stressful, and I’m pretty confident that I can make more money than I’ve made in the past two years.

Casino. I barely even played any table games in 2008.  Maybe that’s why I actually made a profit.  I gotta say that craps is still, hands down, the most fun game at the casino.  I’m gonna continue playing it because it gives me a nice little break from the poker room grind.  Blackjack is the devil’s game…I’ve already learned that the hard way.  I don’t think that I even played any BJ in 2008.  Good thing.

Sportsbetting. I never learn.  It’s exciting watching the games with a little coin on them, but sportsbetting is such a sucker’s game.  The only person who wins is the bookie.  That’s just how it is.  In 2009 and beyond, I’ll be betting less and less.  I’m not going to say “no sportsbetting” mainly because I’ve already placed a few wagers in the new year…hah.  Of course, both of them were big fat LOSERS.  Down over a hundo already.  DAGGER.

Businesses. Boogster net revenues increased 22% from 2007, which was good.  In 2009, I’d like to exceed the pre-UIGEA 2006 revenues.  It will be a tough goal, but very doable.  I just need to remember to keep moving with Boogster.  Don’t ever sleep on the business because there are always creepers waiting in the shadows looking to take a share.  Gotta stay one step ahead of the competition.  I’m pleased with the outcome in 2008, but I’m pretty confident that we can do even better in 2009.

I started a new business venture in 2008.  We started with less than 100 users and ended with over 2000, so no doubt that it was a success.  Revenues weren’t quite what I expected, but I think I was trying to compare Boogster with , which was not fair.  I’m prepared to put even more effort towards in 2009.  We probably made close to a thousand bucks in 2008.  I’ve got a ton of ideas…now, it’s time to make it happen.  Like last year, I’m gonna put a few deadlines on some things that need to get done.  Off we go.  I’m pretty confident that in the long run, I will make more money with than I will with Boogster.  I’ve got a lot of catching up to do though.

Well, without further ado, here were the numbers for 2008:

• Poker: +$6,672
• Sportsbetting: -$634
• Trading: -$11,312
• BSpace Gross Sales: +$851.33
• Blog: +$2,408.08
• Boogster Profits: No chance

It’s hard to believe that I made $2,408 on this hurt-ing blog.  The number also includes my old blog, which is updated randomly.  I do put a lot of time in writing these blogs every day, but it’s a labor of love.  That sounds so cheesy.  Some shoot me if I ever use that line again.

Well, I don’t really have any set goals for this year.  I have ideas on what I’d like to accomplish, but no deadlines for any of these ideas yet.  I’ve realized that goals without deadlines are meaningless, so I will come up with some deadlines soon. I should probably come up with a deadline for the deadlines.

You know, sometimes I feel like I’m money hungry.  When I’m talking to people about their businesses, I’m always thinking “bottom line”.  Sometimes I wonder if I’m one of those people who’s lives revolve solely around money or not.  I don’t want to be one of those people, but maybe I am?  I definitely don’t feel like I’m one of those people, but the truth is, I think about money a lot and how to go about making tons of it.  I think it’s more of the challenge of making money than the actual money that drives me.  The idea of making a ton of money, becoming completely financially independent, and then making even more of it.  It’s all good, I’m sure that I’m not the only one who thinks this way.  All of you mofos who read this blog are probably thinking the same thing, but I’m the only one saying it out loud.

Alright, time to go check raise some tourists at the Borgata.  2008 was good, 2009 will be even better.  Peace out.

This entry was posted on Sunday, 18 January 2009 @ 11:08 am on the category affiliate, business, casino, daytrading, life, poker, sportsbetting, year in review. You can follow any responses to this entry through the RSS 2.0 You can skip to the end and leave a response. Pinging is currently not allowed.