Re: Taking a Shot
I would definitely do it. Taking shots is a great way to accelerate your progression through the limits. Of course, sometimes you will lose and go back to your old limit with a renewed sense of humility. But more frequently (assuming you can beat the limit) you will go on a good run and never look back.
As far as stop losses and stop wins, I'm not a big believer in them. If you lose so much that it will psychologically affect your play you should probably take a few days off and move back down to your old limit. Once you rebuild a bit you can try again. IMO, if you start out winning you should stay at that limit and see what happens (unless you are objective and honest enough to recognize that you don't quite have the game beat yet)..
This mindset has helped me move up a lot faster than the traditional "500-600 BB plus 4 months living expenses" bankroll would have. And, most of the time, I regretted not "taking a shot" at the new limit earlier than I had.
- Jags
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