I started the month at $250.46 and finished at $206.39 for a loss of 17% or so. (The loss has continued for a few days into April as well.
I have analysed my hands in April and I was extremely unlucky, yes really. That's Poker. The other guy is entitled to get lucky, sometimes.
One of the vital rules in Bankroll Management is that when one loses big, you must drop down in stakes and rebuild the bankroll. This is very hard for most Poker Players to do, but is vital to prevent going broke.
Here's the chart:
Let's remember that 'going broke' to a Poker Player refers to their Poker Bankroll, $206 in my case for this experiment, and not to net worth or money in savings and the like.
So, I'll drop down from playing the $5.50 games to playing some $3.30 games and see if I can rebuild. (My maximum buy-in for a multi player game is 2% of $206 or about $4) It is so hard to drop back, as I well remember the many hours required to get to $100 and then $200. It is no fun 'working' for penny's per hour. But, this is the mission I have chosen, so I rededicate myself to continuing this challenge. $10K or bust!
