as of today, i too have had some success building a small bankroll. i committed two weeks ago to begin solid fundamental bankroll management.
i took the few dollars i had left over from playing po fr's and began to move into cash games. i had previously been taking whatever i won that night and would usually get donked out of it in the ring games.
i then began to play to my strength in poker, which is with sit and goes. at first, selecting even the smallest stakes meant using a chunk of my little bankroll. but i was determined. at the end of the first week, i had ~$40.00... as of tonight [and progressing], i have $151.00...
all things being equal, the #1 rule i practice is to NEVER play with more than five per cent. repeat: 5% of my bankroll.
i feel that is really the key to ensuring an extended and growing bankroll. this means that as my bankroll increases, 5% means a larger amount to play with.
adding to this, it has been very noticeable as i progress slowly to larger initial stakes, there are fewer and fewer players who meet the typical definition of a 'donkey'.. not only do i appreciate this more, but it serves to continue to help me develop a stronger game as well as help me see where i stand among the competition.
so far so good!
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Thread: Bankroll Building
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12-31-2012, 08:28 PM #11
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