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Wow, no kidding... I have been contemplating this very thing and in many ways am at the same point as you right now in terms of BR and such.
Personally I received a promotion through one of the readers on this site back in May 2005. Promotion was $75 free on Party assuming I could complete 500 raked hands at which point I received another $25. I then proceeded to learn the game, make mistakes, and read ALOT on this site... no seriously I would spend about a 2-1 ratio reading vs playing. I was fotunate enough to have a security job at the time where my full attention was not required 100% of the time (not unless someone entered the building) so I would read on avg 4hrs a day. I then went home and played for 2-3hrs a night (while reading on FTR which allowed me to play TIGHT.) I found that when utilizing advice and strategies posted on this site I was constantly winning. I quickly moved up to $100, $150, think I toped out around $167 by the time I had completed the promotion a month later. Keep in mind the whole while I was playin in ring games. I then lost a couple $$ and cashed out at $147 and moved to Absolute trying to take advantage of another promotion until I realized how horible it is to collect on a bonus through this site (with my tiny BR) I started to play some ring games out of my BR (not that I had ever considered this until then) trying to cash in on the bonus and variance took over. Lost a buy in here and there and eventually was sitting on nothing but some AR-points I had accumulated during my playing. At this point I was so frustrated and upset about the way I was playing in general I took 1-2months off poker. Reading, playing, etc. Then around October-November I was sitting at home on a Saturday afternoon and just got the urge to play. Loged on, played a freeroll of sorts (200ARP --> $100) got 3rd place and got paid $15. Since then it has been a little up and down... I went up to about $70 as a high and back to about $10 as a low took another break for a month or so and did it all over again. All the while playing ring games as that is what I had grown accustomed to. Which bring me to about a month ago... Started playing again with a $20 BR at this time I made a VERY IMPORTANT decision!! TOURNEY ONLY!! When I say tourney I am referring to mostly SnG(1,2,3,5 table on AP) with the occasional $1-5 MTT. Now the reason I found this decision so crucial is that SnG's and MTT's were my original goal. I wanted to play tournaments and not ring games but at the same time I was looking for the "get rich quick" which in my inexperience I thought was totally possible! WRONG! Sure you might get lucky... might even get lucky alot! BUT if you are playing "bad poker" you are not learning anything! It took me a long time to realise some of the mistakes I was making (who thinks QJs is a strong hand in early position with a large field and small blinds?)
Ok now I am rambling and have done a pretty good job highjacking your thread... sorry... back to the point!!
I have set a couple.. ground rules.. which I have been trying to follow lately and have had a great deal of success. As I mentioned I had only about $20 a month ago and since then I have been playing exclusively the $2 1 table, 2 table, 3 table, and 5 table. Now the payout is not large but it is a tourney I could afford to play... Got a couple 2nd and 3rd place moved up to about $30-40 kept grinding away at it and now I am getting at least 1 1st or 2nd place every night (playing about 4 tourneys) and sometimes more... Last night for example I got 1st in a 1 table, 2nd in a 2 table, and 1st in a 5 table (about $40 profit after buy-ins) to bring me up to $99.
Ok right.. my story ends there now for the rules! lol
These are simply what have been working for me.. and it is not a long list but definately something to consider.
Stay patient! I can't count the number of times I busted out of a tourney early because I made a stupid play that I had no business making. Lately I can attribute at least 1 1st place and 1 2nd place to patience alone, waiting for the right hand/position to make my move rather than pushing with the first Kx I get(in usually BAD position) and getting busted by a Ax caller with 5x my stack.
Stay focused! Some people need to watch every hand, others listen to music, or like me reading poker strategies to keep me thinking about how I should be playing while I am actually in a game! For the most part I am still watching everything that is going on in the current hand but I am keeping my mind on GOOD poker habits...
Stay within your BR! Any new player will say yes I understand it's so easy... NOT I said the same thing but still found myself uping the limits of a tourney to make up for the last 3 losses... AVOID THIS AT ALL COSTS
Take Notes! Online poker has 1 great advantage over live play... you can write down everything if you want too... PLUS you can keep notes on players through the site itself for later use. Just last night while playing a 5 table I had notes on 3 people I ended up at the same table with and can't begin to describe the diference this made! I just started this but I think it is a higly under-utilized tool that alot of people are not considering.
But most importantly HAVE FUN! This is a game after all... sure there is money involved but why do anything if you don't enjoy it? When poker starts to become a chore or unenjoyable past time it is time for a break... trust me I have needed at least 2 over the last year, and only year, I have been playing online.
Anyways I'll stop here... take it for what it is worth. I am no expert. These are just a few BASIC skills that have helped me to become a more concentrated poker player over the last couple months! Plus give credit where credit is due.. THANK YOU FTR! You really are the best poker forum on the internet!
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