If I take an overall view on the past week spent with playing poker online I shall admit that I have had a good week. With more ups then downs.
However, Friday (the 13th) has changed the picture dramatically. This was the day when I have lost 29% of my bankroll. Also, I have only made an in-the-money position on 1 occasion out of 10, played. This converts to a mere 10% ITM ratio.
Beside playing probably too loose and sometimes passive, I did a few apparent mistakes as well. Such as talking to a friend over the phone while playing. Some more multi-tasking activities was scattered at least through 2 more games.
All in all, I went a bit emotional about the draw down. Since I now know I will have to rely on online poker, at least partially, as a stream of income.
Finally, I took the positive thinking back on track and figured that I need to introduce (force through) new rules. You will easily figure that it has to do with stop loss (aka bankroll management).
Current bankroll: €56,16
ITM%: 49%
UPDATE: Total money made during the week €24,5 (or €75,5 short of my goal), 2 hours and 40 minutes played on average daily. Only 6 days played, taking Saturday as a day out.
See the details in the original post.
Finally, the indispensable disclaimer.
Showing posts with label bankroll management. Show all posts
Showing posts with label bankroll management. Show all posts
Sunday, February 15, 2009
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