Originally Posted by CuttleFish
For me, and this is live 2/5 NL, I have to set myself a target otherwise I end up in exactly the same situation. My basic rule is if I double my nights starting roll then I leave. Even if it happens in the first 5 hands. I dont do it every time but whenever I dont do it I end up either leaving with a few dollars up or a lot of dollars down.
This is one of the things I want to focus on for 2012. If its about increasing my bankroll then I need to stick to this approach. If I am playing purely for fun though, then I generally have to look at it as though i am paying for entertainment the same way as if I went to the movies (but often more expensive)
I dont know what proper bankroll management practices would say but this is how I do it.
I would say that evaluating your continued play like this in the short term may be correct but ultimately it is a form of tilt.
I highly suggest reading what Tommy Angelo has to say about Quitting. He is a Quitting Master:
"When you are winning and you reach a point in the session when the happiness you will gain by winning more money will be much less than the pain you will endure if you lose, quit!" -Elements of Poker
In the longer term you should evaluate why when you double your BI you feel the need to quit?
I would imagine that it has more to do with Bankroll management where you likely are playing 2/5 nl with not a big enough BR so that when you get up you change your play and loose scared money or feel the need to quit to preserve some winnings. To play 2/5 nl you really should have a BR of at least 20 BI. (for full disclosure I too have been playing 2/5 nl under bankrolled and as part of my new years resolution I am am quitting these stakes till I have 20BI)
Generally, you should evaluate your mindset and the table and make your decision from there. Dont evaluate solely on your chip stack. If you are playing your A-Game and at right table stay, if one of these things is not right evaluate, and if you are playing bad and not playing your A-Game RUN!
Again I really recommend reading Tommy Angelo to anyone who is interested in thinking about quitting as he (almost to a fault) thinks about it and writes about it.