hello this is my first hello post - I probably will have broken all the forum etiquette rules so sorry in advance but hello anyway and thanks and good wishes to anyone taking the trouble to read this - I really want to have a live chat about bank roll stategy as I am trying to re-adjust my game completely to being bank roll minded.
I will try and be as honest as poker possible. Recently I received a free $100 from a poker site
+ I added $300 and played mostly on $1/2 tables either one at a time or two a time - my aim is simply to make $200 a session however long it takes. Each day may have more up to three sessions. I have done this over say a couple of weeks 15th may to today 23rd may 8 days - I haven't reloaded yet since the first day and my roll is $3500 approx. I will admit to having to go back to $5/10 twice in that time as a short cut - if I have had a string of stack losses say 4 four in a row. Each stack loss will generally be $200 to $300 as I try not to build too much on a table if other players have built their stacks also. So if I have $450 on a table and another player has $500 I will cash out and go to another table to avoid an expensive all in. I keep my stack on the table at usually between $180 to $200 topping up as necessary.
( sorry - I only play NL THE 6 player tables cash games ) Normally I play $5/10 - $3/6 - $2/4 - $1/2 I do still occassionally succumb to both negative and positive tilt , but I generally keep that under control.
If I hit my $200 I will enter a tourney or something if there is one available.
Now my question is around stop / loss methodology.
Usually I lose say $400 in the first half hour before regaining $600 to $700 which can take 3 or 4 hours or more. At that point if I am ahead I am happy to turn the machinery off. Today I go on and and make $200 on the first hand. I think well thats a relief !! Free time I shut the machinery down and use the spare time to come on here. My question is - If I win say $220 + in the first ten mins or so should I carry on, or stick to the method of stop-loss per session ? I do not operate a loss stop, due to variance, if necessary I will use my whole stack to recover in a session if necessary as long as I am not tilting.
My aim is to achieve 30 X buy in ( 200 x 30 - £6000 ) on $1/2 before moving to $2/4 and $3/6.
I will leave this post here and thank anyone in advance should there be a reply. Plus I know that I have broken my own rules on the two occassions I went to $5/10 but I was trying to be honest in the post.