My Grand Online Poker Plan
So after dropping $300 in the last 2 weeks online (usually 4-tabled $0.25/$0.50) I've been examining my play. It seems as if I lost most of my money on tilt. Nothing big, just making FAR too many calls without odds
, chasing flush draws to pot bets on the flop (and mostly folding when I miss the turn). It seems I started most of my sessions (besides at the end, where I had no business starting again without some time, just because I was down and was trying to make it back again) playing well. Then when I either lost my good hand to a better hand (ie over set, K high 2-carded flush lost to nut 2-carded flush, etc.) or when I got sucked out on, I would go on tilt.
So here's my plan. Instead of immediately depositing $300 and risk putting pressure on myself to make it back, I will deposit $100 and start at $0.05/$0.10 (4-tabling). I will also record every single online session I play and post them here. It doesn't matter if people actually watch it, it's just that I'm hoping that knowing I could have to defend to someone else how I played will help prevent tilt, although it also couldn't hurt for someone to watch them and comment on them.
I will play on $0.05/$0.10 until I get to $200. Assuming I reach $200 I will move up to $0.10/$0.25. I will 4-table there until I double up again to $400. Then I will move up to $0.25/$0.50 assuming I get to $400, move back to $0.05/$0.10 if I ever get down to $100 again. I would like to play a lot at $0.25/$0.50 before I think of moving up. So at that point I'll set goals based on what my win rate is so I have a direction, but I'd like to hit $1200 before I move up. I will then cash out $200 and have $1000 to play at $0.50/$1. I'm going to stop my plan there for now because I don't know how good the $0.50/$1 people are, having never played there. I believe that if I can get some discipline and control myself that I can beat $0.25/$0.50, which is the reason for the time before it and the relatively long period (triple rather than double up) at $0.25/$0.50. If I get to $0.50/$1 and find out the players are simply better than I am I will go back down to $0.25/$0.50 and continue to play or I will set some more goals.
Does this seem like a good long-term plan?