I've heard tonnes of goal setting advice and how important goals are. I have heard them, and so far, totally ignored them. Set major goals, then set minor goals that get you to your major goals. Like baby steps, I guess.
So, for the first time, I've decided to follow that advice. In this case, it's on the virtual felt. I'm sure there are some people who would suggest I should have chosen a more traditional place to start this new endeavour, but I'm not taking opinions at the moment.
My goals are quite simple really. I am attempting to build a stack through a nice bit of grinding at the low stakes cash games. I know that the rule of thumb is to make 2bb/hr. I am not sure if that is the "old rule" applying to live game where there are fewer hands dealt per hour than the internet counterpart, so I am assigning myself an average of 3-5 bb/100 hands.
As that is an average number, I feel it is a fair assessment of my results at those stakes. I was averaging 22 bb/100 hands until today when i took a big hit losing boat over boat. I am still averaging 3.5 BB/100 hands as I hoped to do, but that hit was painful to me average and my ego. It is still early in my journey and I am ticking along at a good pace.
The more important part of my goal is to get my bankroll up to 15 buy ins at the next stakes. I think the rule of thumb is 10 buy ins, but I'm shooting for 15 to give myself that little bit of extra cushion. I hope that the exta 5 buy ins will give me a bit of adjustment time to what I hope is better level of play. I am playing at low stakes, so I do not expect huge jumps in player ability in one level, but there is still going to be some adjustment.
The main goal is get a comfortable roll to play at some larger stakes. Ideally making enough in my 3.5 to 5 bb/100 hands that I am making a decent supplementary income. As my (hopefully) profitable play continues, I plan to build a bankroll that can support the transition from working stiff with a hobby, to introducing myself as a poker player when people as me what I do for a living.
So there's my goal, and the steps to get me there. Timeline is another one of those things that goal setting gurus stress, so I have to make on of those. I am still new to goal setting so don't break my balls!
Anyway, I'm off to set myself a timeline.