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Murs,
I have only been playing since July, so take my suggestions with a grain of salt. I have become a solid .50/1.00 limit player just recently, but I can relate to a lot of what you are saying. I do have a few pieces of advice for you.
1. Buy pokertracker and use it. It is 55 dollars and well worth the money.
2. My best guess - you are probably playing way too many hands. When I first started I would routinely see 50-55% of the flops. I learned a little about starting hand requirements and got it down in the 30's. I learned some more and dropped it down to 25%. Currently it is at 18%. The more I learn about positional play, dominated hands, etc., the fewer I play.
3. Play 2 tables at a time max. 3 or 4 is too many, especially if you are not making money. Try and play just a few and play them well.
4. You need to study implied pot odds. Once I understood them better, I stopped laying down so many hands in raised pots until it was clear I was beaten. A lot of times it is correct to make calls in raised pots that you couldn't make in unraised pots. I used to never go for inside straight draws, now I check the pot, estimate the final pot and my chances of winning if I hit my draw, and go for it. A lot of these kinds of calls are very close. The more times you make the right decision, the more money you make.
5. The .50/1.00 games at PokerStars are relatively tough. I'm sure the 1/2 games are tougher than at other sites also. Not very many multi-way pots. You are probably getting dominated by better players there. Try the .25/.50 game at PokerStars for awhile and see how you do. Definitely consider moving to Party, their marketing is much stronger, so their players are much weaker.
6. Go to the Hand History forum and the Limit Holdem forum and post some hands. Nobody here can help you much without hand histories and key statistics like : PFR %, VP$IP, W$@SD, etc. These are important numbers that can be good indicators of which parts of your game need the most work.
7. Stop playing limit AND NL. Pick one and specialize for awhile. They are totally different games with different starting hand requirements, pot odds, everything. Learn one at a time.
Come to the limit forum and post some hands for us to cut up.
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