Quote:
Originally Posted by U shove i call
If you bink $100k in a mtt so have 50 buyins for 10/20 does that mean you are rolled for that? Of course not, a big part of poker is knowing your current skill level regardless of your bankroll. Play what you can beat until your skill improves to beat the next level regardless of bankroll.
I should start this by saying that I have ADD and it's very easy for me to get lazy, disorganized or distracted. If some of what I'm about to say seems a bit over the top, that's why. I need to keep things under control. That said, IMO it's always good to know exactly where you stand in your poker endeavors.
I have separate bankrolls for live and online. I play only tournaments, but if I played both tournaments and cash those would be separate bankrolls as well. I don't like the idea of using tournament winnings to finance cash games. It's messy. You're going to be better or make more money with one than the other, and keeping bankrolls separate gives you a clear picture of that.
I keep very good records, not just for the IRS, but so that I'm honest with myself. I track my poker time, in quarter hours, and divide it by play, study and administrative time. If I'm not putting enough hours in, that's a problem. If study is less than 25% of my time, that's a problem and those problems need to be addressed.