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Congrats on your good results so far. Keep working at it and you will see the rewards for sure. A few pieces of advice:
1. If you're still considering what to do with that $500, I would recommend the laptop+HEM idea for sure. I just recently bought PT3 with the HUD and it's amazing what a difference it makes. Just today I had JJ on a Q-high board. Villain check/called the flop and then shoved (just over pot) on the turn. A quick look at his stats showed a high aggression factor and a pretty high percentage of donking the turn, so I called, and all he had was an Ax with a low pair.
Other examples of when it really helps are in late position. On a different table I was on the button with 72o and two tight players in the blinds. The CO opened to 4x, and a glance at the HUD showed his attempt to steal at 100% over 20+ hands. I 3-bet, he folded. (I honestly think 3betting any two there until he adjusts would be profitable.) Another time I was in the small blind with Qxs and he raised the button, and I was able to successfully 3bet again. I'm not saying that the HUD gives you a license to go crazy, but if you pick your spots carefully you can turn hands that were previously folds into profitable hands if you make the right move at the right time.
I am 4-tabling FR right now and with the help of the HUD I'm able to run 25-30/19-22 profitably depending on my table. It's so nice being able to see that the blinds are folding to steals 90%+ of the time, knowing that I can open like 60% in late position profitably. It's also nice being able to see that the guy to your right is a 65/5 and isolating his limp with QJo on a tight table in early position is a profitable thing to do.
2. I don't recommend short-stacking or playing tourneys/SNGs as a way of limiting losses. Short-stacking requires a specific strategy that leverages your short stack. If you're doing things like flopping sets, the bigger your stack the better. As for SNGs, you really need to get a completely different style down for that to be profitable. I started out in SNGs (because tournament-style is cooler, right?), but I'm liking cash games a LOT better. It's so frustrating in a SNG when you stack off 85% good and lose, because you're out. In a cash game, you just rebuy and win your money back, or if the player leaves you can search him and follow him to his new table. It can be scary, but I think you'd be a lot better sitting down with a full 100BB buy-in and sticking to cash.
3. I agree with your recent change to FR. 6-max is a lot of fun, but I'm currently a pretty big winner at FR and a pretty big loser at 6-max. With the ability to multi-table, I think FR can be just as profitable as 6-max, if not moreso. Along the lines of what Primus Sucks said earlier in the thread, FR and 6-max aren't hugely different. The main difference in my opinion is that you can really take advantage of position-adjusted ranges in FR. That is, my default UTG range is as tight as 88+, AQs+, AKo, but my default button range is pretty crazy: 22+,A2s+,K2s+,Q8s+,J7s+,T7s+,96s+,85s+,74s+,63s+,5 2s+,42s+,32s,A7o+,K8o+,Q9o+,J9o+,T9o,98o. For anyone who's paying attention, you showdown 32s once after raising preflop, and the next time you pick up AA (even UTG), you'll get a lot more action.
Anyways, good luck with your operation. You'll be grinding 10NL in no time!
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