An exercise in Proper Bankroll Management
So after nearly 2 years of strict play money ventures on Pokerstars
and several other sites I finally buckled and started Real Money
play online.. A (to remain anonymous) donor hooked me up with $10 in real money on Pokerstars..
I promptly lost all that within 5 days.. Then i lost three different $25 dollar deposits in the span of less than a month.. Finally, I decided enough was enough.. I seriously took a long hard look at the limits I was playing and realized that while I was playing near my actual bankroll I was playing well above my online bankroll..
My Stars account showed a little over $2.. One more $25 deposit was all I was ever going to make..Not because I couldn't afford it, but because I was determined to play smart and stay within my online bankroll.. Here we are a month later and this is how my Sharkscope
Notice the huge downsing at nearly 50 games played..I've grinded and grinded the $1 dollar STT's exclusively since then to nearly get myself back to even.. My PS balance right now is $104.. I will not move up to the $5 STT's until my balance reaches $150; actually make that $170 because I am going to send my original donor double the money he sent me to pay him back.. I will no longer be risking more than 3% of my roll on any tournament (a la Chris Fergusons' online experiment).. Any advice in general would be greatly appreciated..Thanks in advance!