I've been kinda slacking with my bankroll management latly, I've been playing very well but have been unable to really keep growing my bankroll for two reasons:
a) I've been taking shots at higher limits when I have really good sessions.
b) I've been donking it up in too many tournaments, normally this would not be a problem but the buyins keep getting bigger and bigger and my bankroll has noticed.
I was talking with a friend of mine and we decided that if we had a goal, something tangable, we would be much better off. Not only is this something to shoot for, I can be held accountable for my results. I've been telling myself "Oh, your just running badly" way too much latly. I need to be accountable, there are hands you sometimes can't get away from, but it's way to easy to simply chalk it up to bad luck.
The goal is to run $500 into $5,000 in two months... we're gonna start at the 0.25/0.50 level and we hope to play about 2,500 hands a day. I think having someone doing this with me will definatly keep me focused down the road.
The timing for this is pretty good because i've been meaning to rollover alot of my bankroll into stock(namely: KAT on the TSX) so while i'm doing this my money won't be idling away. I'm going to use this blog to chronicle my progress.
Here we go...
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2 comments:
How many tables, what amount of seats, and how will you determine when to increase your limit?
All good questions. My current goal is to clear my last $100 bonus of FT in the next 2 months. It's not a great goal but work has been very busy lately. I'm going to try a few 6 handed tables and see how I like it at the .5/1 limits. Keep us posted and good luck.
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