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Yeah, don't let that bust bother you too much.
I started out with a similar experience last fall. I put $50 into FullTilt, and made the bonus, but eventually busted after a couple months when it seemed I could never get anything going. (Playing 10NL, I would double up one day, then lose $5 the next, and $7 the next. Obviously that catches up with you.) Even so, I felt like I was gradually improving my game.
After that bust, I put $50 into PokerStars. Lost $20 the first day. Busted a couple weeks after that. I was determined to get my bonus, though, and it took me two more $50 buy ins to finally do it. Also was determined to avoid tilt, so I got a little better at managing my bankroll and folding a hand when I knew I was beat.
Now I'm into Stars for $150 (plus my $50 bonus), but my bankroll is up to almost $400. Aiming for $500, when I plan to move up to 25NL, and will back down again to 10 if it doesn't go well. The main thing is that I feel like I am improving at each level I play. Like many have said on this site, it's a long-term project.
Good luck to you!
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