I look at two things - how many bb's will I have when I get seated, and how far away the average stack is.
I believe we should play poker when we think we have an advantage. We have no advantage when we are short stacked. When short stacked, our entire buy-in is subject to the quality of the cards we receive - I call this BINGO poker. If we do not have enough chips to actually play poker (bet, raise, check-raise, call, etc,) and have voluntarily reduced our game to shove or fold, then we can't even use whatever poker skill we do have.
bb's: I need at least 25bb's in order to have some chip utility available to still play poker.
avg stack: I want the avg stack to be no more than 2x my stack when I sit down. This means I can have the average stack with a single double up. Anything worse than this puts me at a disadvantage against the average stacks at the table.
Good luck and God bless.
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