PS When you started with your $200, what level tables did you start at? What's the current level of Bankroll vs tables you use?
Personally, the reason why I don't "subscribe" to this theory of "bankroll management" is because it assumes you have this "fund" which is only to be used for play, which you never take anything out of. It sort of assumes there's a situation set up where you are challenging yourself to start with a certain amount and reach a certain "goal". I know I don't play like that. Whenever my bankroll reaches a certain level, I pull money off of the table (i.e. make a withdrawal). one reason is that still don't totally "trust" any of the online gaming sites: not that I think they are "crooked", but who knows when one will think you broke some rule and close your account (didn't one recently strip some huge amount of tournement money away from some guy after he won because they said he had played 2 hands?).
To a large extent, I actually have subscribed to his theory (play 5% or less of your bankroll), but rather than doing it by keeping the bankroll growing and raising the stakes, I do it by keeping the stakes constant and pulling money off the table whenever the stakes I play for fall below 1% of my bankroll. This makes it far less likely that I will turn my initial investmenet into $20,000, but he says one thing in the last sentence of the interview: something along the lines of "I can't gaurantee you'll make $20,000, but i can gaurantee you won't lose more than $1". Well, in my way, it's sort of the same: I'll never "lose" a nickle at this point, because I;ve puled not only my initial investment off of the table, but several times that amount. And it's hard to lose what isn't even in the account.
Perhaps that means I'll never be a real "player" since I'm not trying to "take a shot". Maybe I need to change my tag to "Joey Knish".
