Thanks gman, yeah, it's tough admitting to myself how truly far I would need to move down. I have some friends who have been watching me play the high stakes somewhat often and know some people a little bit through playing with them at the tables, along with a bunch of people asking me why I'd been playing so low, so I was hesitant to want to move down before I really needed to. And now, it's quite clear to me that I'll need to, and part of the reason I made this thread was to solidify that in my mind. There's an outside chance that I might find someone to stake me to get to the higher games, but I don't know anyone well enough who has nearly the bankroll for that, so it's best to plan for myself.
Someone before had asked what I'd plan to play.
I'll probably start at the 2/4 tables, not sure if i'll play plo of nlhe, maybe I'll swap back and forth. I haven't really played much 6max nlhe in a while, maybe I'll try some more of that. I try to stick to a small number of tables of my focus starts to deteriorate, I think 3 tables of 6 max/shorthanded plo is a good number for me, maybe I'll try 4 or 5 nlhe 6 max, not more than 6 for sure. I don't really know the players well enough at these stakes to game select, but I'm not too concerned with that.
I'll probably jump up to 3/6 pretty quickly if i run well for a bit and go from there. As far as moving up to high stakes, I won't really have any fixed buyin method. It'll depend on the games that are running and how much risk I think there is. This was why I originally started playing 100/200, there some good looking games that I wanted to play while continuing to play 25/50 at other times, but I also played some extremely good players heads up in large part because I completely shifted my play to 1/2 instead of 25/50 whenever a higher game was available.
~~~(Note: this part is a bit rambly, but I enjoyed writing it. I summarize the more recent poker I've played a couple paragraphs down for those interested).~~~
I was too impatient, and I think that is one of my greatest weaknesses. Patience is definitely important in poker. I'm fortunate at the moment that I have time to be patient, and I don't have any immediate need to win and cash out any money. But there is also a benefit associated with impatience, although it is not nearly as useful as patience, because without patience, it can be harmful - the desire to succeed, to strive to excel, and to put in a ton of work to get to where you want to be and accomplish your goals and to make it happen quickly.
These two aspects can be very difficult to properly combine. This has definitely been a problem for me in the past, and I'm sure it affects many others as well. I had just started playing again after a long break about 40 days ago. I had the desired to succeed, but definitely did not have the patience.
I wasn't originally planning on posting this, but guess I don't see the harm. To provide context, around 9 months ago, i had around 145k and hit around a 100k downswing mainly at 25/50 plo, my graph basically looked like a mountain, solid slope up, solid slope down (My nlhe equity graph looked like a snake with it's mouth open, slight upslope for a lot of hands, then i started playing 25/50 - my equity formed the top of the mouth, my winnings, the bottom, found it pretty funny.) This left me with a little over 40k, definitely not enough to play 25/50 plo regularly, but I've done worse things in the past. I didn't want to move down, but I knew I couldn't just keep playing these stakes. I couldn't get my mind to decide between my impatient desire to play over my roll and recover my losses or the better option of moving down and playing it safe, but that could take much longer. So I just stopped playing. I didn't use the time I would be playing poker for other productive or beneficial things instead, but mainly just wasted a lot of it.
Around eight months later, which is like i said, a little over a month ago from now, I started to think that I might as well be using my time to start up playing poker again. So I did. I played a $110 heads up sng to get myself started. Then a $1100 husng. Then I don't remember from there, i may have played a $2000 or 2200 one somewhere in there, but at that point I moved to primarily playing the 5k ones. This obviously wasn't a good idea, and if i ran badly enough I wouldn't have let myself completely bust (the last 3% is crucial!), but I would have let myself lose most of it if i ran badly enough. I wasn't thinking of equity, or risk of ruin, and I'm not even sure if my aim was quick profits, but they were a convenient way to start playing again. They're pretty short, they have natural breaks in them where you can quit or take a break without much hassle, so aside from the rake and the fact that there isn't much room to play a deep game, they're pretty nice if you just play a few tables at a time. (Contrary to popular opinion, there is nothing wrong with playing one table at a time, particularly heads up).
As I continued to play, my impatience came back. I didn't consider moving away from the 5k sngs and managed to get up to around 100k before switching to cash games, eventually ending up with around 250k. I hadn't requested from stars to play high stakes before this point, but there were some games I really wanted to play. So of course, from that point I followed the variance around until I reached my stop.
To a couple other comments: I have some money stored up in the bank and in cash, but it's not a lot relative to 300k. It may be a bit strange, but while on many occasions I've lost more than half of my roll in a day, played significantly underrolled, or lost a lot while playing too many tables and being unfocused, I don't really like cashing out from my bankroll much. That money is supposed to be used to grow itself, not sit in the bank.
And an important bankroll management rule that I have at least followed recently: don't let yourself go completely broke. That 3% is definitely key, sick brag i know.
Originally Posted by BennyQuack
lol wtf is this call. degenyamines everywhere.
Would you like to play heads up? Do you play 2/4 nl or plo?
Originally Posted by Poolside
if ONLY on april 30th ur internet was out...
I know, I'm sure the luck would have gone the opposite way the next day and I would have increased my bankroll by 97%.
I said I was going to play after lunch today, but I still haven't played. I must be very lazy.
An interesting way to look at things: life has provided me a bonus challenge, because continuing to play high stakes regs would have been far too easy.