Originally Posted by The Nuder
I can get buyins to these tournaments for $6 to $24.
So the strategy I'm thinking of is to have a number of rules for my poker play:
I can only dip below $25 bankroll for SnG play and I can't stake more than 10% of my bankroll in any one SnG.
If I enter a tournament it can't take me below the $25. Thus any tournament entry has to be earned first.
As soon as my bankroll gets above $125 I take the excess out down to $75.
This way even when I win my account stays lean and I'm not tempted to play so loose.
Theoretically I will become a winning player and can notch up the level at which I play as my consistency improves.
Any thoughts welcome.
I understand that you think having a leaner BR will make you more disciplined but unfortunately this the wrong way to approach bankroll management.
As others here have said, you need a lot of buy-ins for your games in order to be protected against variance and to enable you to play efficiently without being 'scared money'
If you want to play tournaments with 1k prizes then you will need to have the buy-ins, and plenty of them.
danprince10 suggests 100 buy-ins. this is very conservative (i.e. not very risky) but for that very reason I would tend to agree with him.
If you are a losing player at the moment, you may need that buffer.
When you reach $125 dollars you should not be thinking of withdrawing but instead keep building your roll.
At $125 dollars you are only rolled for 25 $5 games. That is not enough and you shouldn't be playing them until your roll is bigger.
Understanding this relationship between your BR and the games that you can play may help to curb your tendencies to looseness.
After all, you say that 'the more money you have in your account, the looser you get' but you really you don't have enough roll to get loose with, you can't afford to play the $5 games yet.
Keep building your roll until you have $500, and now you can safely play the $5 games, — do you see though, that you still don't have enough money in your account to start getting loose because you are trying to build it up so that you can play the $24 games ($2400)
If you learn this relationship and then stick to good BRM, you will not burn your profits away, but will keep growing them.