Bankroll Management: Rules?

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Posted by posted in Gen. Poker

Bankroll Management: Rules?

Hello All,

I am new to this site, but thought I'd post to gain some advice in regards to bankroll management. I always used the Chris Ferguson buy-in 5% rule, but have really bad runs where I lose everything. For example, I will buy in with $400 online, and play .10c/.25c omaha with a buy-in of $20. After less than an hour, I experience the worst bad beats and coolers, and my bankroll is now down to $60. I then steam off the last $60 in a $1/$2 omaha session within 5 minutes.

How do I refrain from taking the bit hits? Should I play at even lower than 5% of my bankroll? At what point should I stop for the day if I am losing? How do you resolve the tilt factor and pursue a cleaner frame of mind while playing?

That should be all for now. Thanks everyone!

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