"Bankroll" Management question microstakes...
Hi me again,
Thanks to minding my P's and Q's I got help with my ring game + an open ended invitation to play in a private tournament with $5 buy-in, and made some friends/acquaintances at Ultimatebet. I'm not up to it yet, but it's good to know when I am, it's there, and I've watched/cheered for friends in it and have a good handle on how the tournament tends to go.
So to my main question. When I hit my $55 target. Do I just take $5 to 5c/10c table? That's about 10% of my "bankroll"(Hard to call it that, but what I have is what I have). But I don't multi-table and I try to wait/watch and learn b4 jumping in.
Also, when do you know it's good to fall back a level? I keep seeing how to know when it's good to go up a level, but can't find how to know when to drop back down.
Is it as simple as dropping back down when you fall so far that you have to? Or is it better to drop back down when say 1/2 way down to the next level down?
I wouldn't ask, but I'm very-very close to hitting $50. Plus I think I really have a decent grasp of ring games strategy + how to get as much as I can out of a hand. I'm not delusional. I know I'm far from being a pro, or even a very good player. But realistically I do believe I can hit my current goal of $55 by sometime next week(that is, if I don't run into an unbelievably bad losing streak -- hey it happens).
Sorry for the long-winded post. It's just that I want to use sound bankroll management but at the same time, I don't want to have to wait forever to even try to move up a level.