So, having lost my $500 bankroll in one late night session on 5/T fixed limit (I know!) it is time for a $30 to $1000 bank roll challenge.
So here are some things that I need to do.
1. Have a bankroll strategy. So 300 bb needed but can take a shot at the next level at 250bb and move down if I hit 200bb. Stick to this!!!!
2. Study 50% of time and play 50%. I know this sounds a lot but I haven't studied enough for years.
3. Don't play with distractions
4. Only play profitable tables
5. Only play when at least 90% on top form and concentrating.
6. Keep a diary.
So I am using this blog as diary.
Back to the blowing my bankroll playing far too high. It was late, I had a look at the 5/T fixed limit table to see how people play. Sitting there were two massive fish playing like it was a 25c/50c table. Limping, cold calling, never bluffing, only raising the nuts. So I knew it was a gamble, but I thought it was worth it. It will, however now take me months to get back to $500. Well let's see.
So today. I have $30 and hit the 5c/10c games.
Results -$2.47, hands played 1 063, 4.3 hours, rake $3.73. Hours studying - 1 - Logic Knot episode 1, donk bets.(so I am missing that target already)
I have lots of thoughts on how the games went, but will save that for another day.
My main thought is this: I went 25bb down today and it didn't bother me one bit. I was happy and relaxed playing, enjoying it. If I had lost $25 at .5/$1 with a $300 bankroll, that wouldn't bother me. Losing $50 at 1/2 with a $600 bankroll wouldn't bother me. $100 at 2/4 with a $1200 bankroll wouldn't bother me much but it would bother me more than losing the $2.50 today. If though I had taken a shot at 2/4 with a $500 bankroll and gone down $100 it would have played on my mind.
So, lessons learned.
1. Stick to your bloody bankroll!!!!!
2. Stick to your bloody bankroll!!!!!
3.Stick to your bloody bankroll!!!!!
4. Try to ignore the actual value of the chips. If you are playing withing your bankroll then think of them of just chips, not money. This one is hard
VS
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