Originally Posted by Kiloyel
I'd like to see some feedback about how some of you manage your bankrolls to continue to be a winning player.
Well, first, are you a winning player? If not, then there is no BRM. BRM is just an algorithmic approach to minimzing your Risk of Ruin (in other words, going busto). Your chance of losing all your money is 100% unless you have a positive win rate.
I have never lost 4 buy ins at a single table. I usually just quit playing when I'm sleepy. I'm not happy if I'm down anything over 2 buy ins over about 1,000 hands (6 tables, 3 hours, ~60 hands/hour).
I'd say you should quit playing any time you're not playing well enough to win. Tilted? Quit. Sleepy? Quit. Your SO complaining because you're playing with cards instead of her (or him)? Quit.
You should quit if you're losing and don't know why. Take some time and analyze why. I played just over breakeven yesterday, saved only by a good run at the end. I have not played a single hand of poker today. I wrote a fair bit of analysis code and might post an in depth analysis of the 444 incidences in my database where someone other than me was set mining and went to showdown.
You're playing the 20BI rule. You know the consequence of that, right? If you lose anything, you're not properly rolled for the limit anymore. By that logic, you don't quit because you're down 3-4 BI, you quit because you have 16 BI for the limit. Or move down. I wouldn't just keep playing that limit, because a repeat performance will just about halve your bankroll. This is a Bad Thing(tm).
Oh, the other thing is table selection. If you're getting killed, maybe it's a bad table for you. Everybody has a style they play best against, and worst against. If you're at a table full of people who play in a way that you're just not successful against, stop.