Steady climb online..

Yeh I know, this post is a little bit of blowing my own trumpet....

But after hearing that Reinder is also having a good month in online poker I thought I would post some of my thoughts about the last few weeks online.

Since december I have had a steady increase in my bankroll playing the low limits on pokerstars in both the SNG MTT's and the low limit (.5/.10) cash games. It started with a €25 ($33) deposit and with careful play and very careful bankroll management that balance is currently at $129.70, so I thought I would share some of my findings about my own game and why I thnk it is going reasonably ok.

Previously I have built my roll to over $900 but due to terrible bankroll management (BRM) I have blown it all making a break for the big time and decided that this last deposit would be my last one for a long time and in order to try to take on my personal challenge properly I set my self some rules and it's these rules that I believe have actually made the most improvement in making profit than any of the playing tips I have recieved or read about. The importance of BRM had always escaped me before so I thought I would explain how I have been doing it recently.

1. Tounaments - Never buy into a tournament for anything more than 2% of Entire Bankroll. (so $1.20 dollar tourneys only)
2. Cash Games - Never buy in for anymore than 5% of my bankroll (still playing at around 2%)
3. Cash Games - If during a cash game I reach 10% of my total bankroll then I must logg out (approx triple my buy in) and buy in for the same 5% at another table.
4. Buy in limits per day - I allowed myself 2 tournaments and 2 cash table buyins for one session. If I lost them I had to stop playing until the next session (the following day mainly)
5. Never chase a loss. The two cash table buyins can be used on the same table (especially after a abd beat and am not tilting) but if that buy in is lost then you must log out and not play cash tables again until next session
6. Set ranges for increasing my stakes and reward wins. I am currently forcing myself to stay at certain limits where I am confortable winning, I will not go up to higher limits until I have reached various stages of my bank roll. The next stage being 200 dollars. Then I will double up the buy ins that I am currently spending to $2.20 SNG's and the odd $5 SNG's now and again as a reward for winning tournaments.

By sticking to these rules I have been having positive ssessions everyday at the moment and although I did play 1 tournament more than allowed yesterday because I was unaware that I was already sitting in a tournament that was running, so I had 4 going instead of the 3 I was aware of.

I would love to hear anyone elses poker progress and I will keep you posted on the bankroll and any big tourney wins I may get this year.

This weeks fun resulted in (in total about 10 tourneys played, 5 cashes, 3 wins = profit)

Tourney: 45 man - placed 1st
Tourney: 45 man - placed 1st
Tourney: 09 man - placed 1st
Tourney: 45 man - placed 3rd
Tourney: 45 man - placed 3rd

Also some micro limit cash table profit

I also died in 2 tournaments online one because I didn't know I was entered into it and the other due to a stupid play with a big hand. I figured 3 out of 5 isn't bad and it was a profitable evening which is the most important thing. (I was allowed extra tourneys due to tournament win, giving yourself an incentive to earn more if you win means you can make mroe money without risking your bankroll.)

Current Bankroll : 129.70