Assessment

[ggbman]

Well, i'm not going to try and sugar coat this. You need to learn to manage your money better, and you should have learned this after you over extended yourself last time and lost a big chunk of your role. I think people on these forums read the stories of people like James, BK, etc... and want to emulate how quickly they progressed. These guys are phenomenal players who also ran well at some good times, and i'm sure they will both tell you that.

So, on to rebuilding. You need to have at least 600 BB for any stake level you play. Go to 2-4 right now. Play there until you get like a 3k role and move to 3-6. You can be at 5-10 within 2-3 months, and once you get there its more than possible to make $80-$125/hour there. You can rebuild your role quickly there.

From this day on, your goal should be to NEVER take an uncalculated risk. I dont give a [censored] how good a higher game looks, you need to reduce your ROR and grind it out. This part of the process is not fun, but it's develops your maturity as a player which will prevent this from happening in the future. There is no way you should have been playing 10-20 yesterday. Best of luck rebuilding your role.

Gabe

[SippinSoma]

This is very solid.

Just wanted to point out that the word is "bankroll" not "bank role".

Cheers,
Bluffman85

/Sorry, I'm not really a vocabulary nazi.

[Justin A]

[ QUOTE ]
Just wanted to point out that the word is "bankroll" not "bank role".

Cheers,
Bluffman85

/Sorry, I'm not really a vocabulary nazi.

[/ QUOTE ]

The roll/role think is a pet peeve of mine too.

[pudley4]

[ QUOTE ]
[ QUOTE ]
Just wanted to point out that the word is "bankroll" not "bank role".

Cheers,
Bluffman85

/Sorry, I'm not really a vocabulary nazi.

[/ QUOTE ]

The roll/role thing is a pet peeve of mine too.

[/ QUOTE ]

[img]/images/graemlins/wink.gif[/img]

[uw_madtown]

[ QUOTE ]
So, on to rebuilding. You need to have at least 600 BB for any stake level you play. Go to 2-4 right now. Play there until you get like a 3k role and move to 3-6. You can be at 5-10 within 2-3 months, and once you get there its more than possible to make $80-$125/hour there. You can rebuild your role quickly there.

[/ QUOTE ]

This is very good advice.

We were talking about this on IRC, and kurosh was talking about being back to 10k within a month. Of course, at the time you didn't include your bank account in there, and given that it might be doable if you start at 3/6 6m. But personally, I'd leave your bank account alone, drop your rakeback into PP when you get it, and just grind at 2/4 until you have 500 BB, then move up to 3/6 6m, play til you have 500 BB, etc etc. Maybe even make it 600 BB for 6m. If you don't want to have to move down ever again, you really need to maintain a huge bankroll.

If you want to get back up there as soon as possible, you could move up whenever you have 300 BB for the next level, but that's sort of what has you in this situation in the first place, isn't it? Like everyone's saying, this is a good time to force yourself to accept bankroll management. While it may cost you in opportunity cost, if you don't start properly managing your bankroll now, you're going to continually find yourself losing out in opportunities in the future after you hit a downswing.

Take it slow. Grind it out. Rebuild, and you'll be back to 5/10 or 10/20 fairly soon.

[FlyWf]

The OP is currently rolled for at least he $22s, even the $33s if he feels frisky. I'm pretty sure earning potential at the $33s is higher than 2/4, with lower variance.

[SmileyEH]

[ QUOTE ]
The OP is currently rolled for at least he $22s, even the $33s if he feels frisky. I'm pretty sure earning potential at the $33s is higher than 2/4, with lower variance.

[/ QUOTE ]

I'd tend to disagree although it's pretty close either way. You are correct about the variance aspect though.

-SmileyEH

[ggbman]

[ QUOTE ]
The OP is currently rolled for at least he $22s, even the $33s if he feels frisky. I'm pretty sure earning potential at the $33s is higher than 2/4, with lower variance.

[/ QUOTE ]

Having done both, i can tell you that this is incorrect. ($$$ wise)

[ggbman]

[ QUOTE ]
[ QUOTE ]
So, on to rebuilding. You need to have at least 600 BB for any stake level you play. Go to 2-4 right now. Play there until you get like a 3k role and move to 3-6. You can be at 5-10 within 2-3 months, and once you get there its more than possible to make $80-$125/hour there. You can rebuild your role quickly there.

[/ QUOTE ]

This is very good advice.

We were talking about this on IRC, and kurosh was talking about being back to 10k within a month. Of course, at the time you didn't include your bank account in there, and given that it might be doable if you start at 3/6 6m. But personally, I'd leave your bank account alone, drop your rakeback into PP when you get it, and just grind at 2/4 until you have 500 BB, then move up to 3/6 6m, play til you have 500 BB, etc etc. Maybe even make it 600 BB for 6m. If you don't want to have to move down ever again, you really need to maintain a huge bankroll.

If you want to get back up there as soon as possible, you could move up whenever you have 300 BB for the next level, but that's sort of what has you in this situation in the first place, isn't it? Like everyone's saying, this is a good time to force yourself to accept bankroll management. While it may cost you in opportunity cost, if you don't start properly managing your bankroll now, you're going to continually find yourself losing out in opportunities in the future after you hit a downswing.

Take it slow. Grind it out. Rebuild, and you'll be back to 5/10 or 10/20 fairly soon.

[/ QUOTE ]

Yeah, not trying to be a nut buster here, but setting a goal to make it back to 10k in a month will be contigent on running good and moving up too fast. You're young, emhpasize learning the game better and learning from your mistakes. Work on your stream contol, and move up more gradually. I can tell you this; there are always going to be people who make more money than me because they are willing to take some chances. But you don't hear about the ones who run up 6 figure roles and lose it all back because they don't know when to settle down.

It's good that your willing to take chances, but sometimes the hardest thing to do is make yourself take less chances. This is such a long term game. Last month i had horrid results at 100/200, and i am confident that i was a winner in the lineups i was playing. So i made myself move down, and this month i've been doing extremely well playing lower. Dont think about getting a certain amount of $$$, focus on playing poker and the rest will come.