To quote 20kmission:
So with 200 big blinds in play i need that to represent less than 10% of my bankroll. To play any level i will need more than 2000 big blinds, or 20 buy ins minimum.
I will be playing the levels according to the table below. The levels are as follows:
Level | Blinds | Minimum Bankroll | ||
1 | $0.01/$0.02 | $50 | ||
2 | $0.02/$0.05 | $100 | ||
3 | $0.05/$0.10 | $200 | ||
4 | $0.10/$0.25 | $500 | ||
5 | $0.25/$0.50 | $1,000 | ||
6 | $0.50/$1.00 | $2,000 | ||
7 | $1/$2 | $4,000 | ||
8 | $2/$4 | $8,000 | ||
9 | $3/$6 | $12,000 | ||
10 | $5/$10 | $20,000 |
The chart above covers playing 2 cash tables at a time with the minimum bankroll.
edit: This bankroll management is fine until I hit NL50, then I will be extra careful. I will change it to 30 buy ins minimum followed by 40 buy ins minimum the next levels.
$0.25/$0.50 $1,500
$0.50/$1.00 $4,000
$1/$2 $8,000
$2/$4 $12,000
$3/$6 $20,000
$5/$10 $40,000
Besides this I will apply a stop loss of 2 buy ins for a day. Once I lose two buy ins on a given day I will quit for that day. It's one long session.
Tournament wise I will stick to the 1% rule, I am allowed to hit tournaments or sit and go's for 1% of my bankroll or 1$ minimum.