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 Originally Posted by Mezza Morta
But then again, why would anyone be playing $10NL with a $1K roll... 
Playing like a rock is high variance, too. You wait 100 hands for AA or KK, then get them cracked. Poker is just high variance. Wesrman is the "rockiest" micro grinder I know on FTR right now, but he plays mostly FR and still plays 12% of his hands, give or take.
For grinding and bankroll management, read this: BR Management for People with Balls. It's one of Spoon's funniest rants, and it has some good discussions.
BankitDrew gives suggestions for grinding a roll at the micros, and he knows what he's talking about (approximate - can't find his post right now):
Deposit $50, grind at 2nl until $125.
Grind at 5nl until $300.
Grind at 10nl until $1,000.
Grind at 25nl until $2,000.
Grind at 50nl until $5,000.
You're now a well-rolled 100nl player with good poker fundamentals.
His basic recommendation (again, this is from memory, so I may have it slightly wrong) is to play:
2nl with 25 BI minimum
5nl with 30 BI
10nl+ with 40 BI
100nl with 50 BI
His suggestion is to keep a LOT more BI's on hand as the games get bigger because (a) the games are harder, so variance and swings are bigger, and (b) it shouldn't take very long to grind those sized bankrolls if you're actually a solid player at the limit you're grinding. Good advice from someone who started with a little and now plays for much bigger stakes.
Also, guys like ISF talk about multiple 30 BI downswings in their careers, even though they're very much winning players at their level. Miffed had something sick like a 50 BI downswing. If you're not properly rolled, that will kill your whole poker stash.
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