This is a discussion on Money Management within the online poker forums, in the Learning Poker section; Never gamble more money than you can afford to lose. Set a limit on how much you are willing to lose. This is your your
Never gamble more money than you can afford to lose. Set a limit on how much you are willing to lose. This is your your Loss Limit.
Similarly set an upper limit on how much you would like to win, This is your Win Goal.
Whenever either of these figures are reached, cash in and leave the table.
You must have discipline to do either of these.
Don't fall into the "just one more hand" trap when one is reached. Losing streaks don't necessarily end, but winning ones can and will.
Yea leaving when you should can be a hard thing to do at times, but you can do it if you set your mind to let go of the game.
All of th original post i like except that if you are playing live, and say you are playing $1-$2 NLH and your win goal is like $500. If for some reason your table is crazy you may make this within the first 30 minutes, or less, if you are lucky. I suggest that you do not leave the table right away- 'hit & run" can cause all sorts of issues, to the point of being beaten up, banned from a home game, or having players refuse to play with you (this one can happen online too except at Bovada) so just be careful. If you hit your win goal early just fold for an hour, have a drink or two, then leave.