I was actually thinking about a post that was on last week about a lifetime bank of 100 units or something along those lines.
My thoughts on that kind of tie in to your premise here.
Money Management and Progressions
I play with progressions and sometimes my real issue is I win too early and win too often.
Here's why I say that.
I don't start with the unit size most would play with in regards to my total bank.
I play a fibo or modify a fibo type progression with most of my plays...it's never a strict fibo...fibo is the basis for most of my progressions.
For me the key to money management is to have a bankroll vs unit size utilized that doesn't have you at a major disadvantage against the game you are playing. In the question I was pondering regarding 100 units lifetime it's a scenario set for disaster becasue no matter how good your method or methods may be...there is always a drawdown and there is always the run from hell.
The trick is to play small enough that you can use a light progression with a stop loss and then start attacking again maybe a step or two up the rung in a "recovery" type mode. 100 units doesn't give you any room for error.
I often win too little because if I win early on in the progressions there just isn't enough money on the table. But...that being said...be happy to make a small win and go on about your business somewhere else. It's a cyclical game and comes in waves. If you are winning alot and play in a certain manner...the losses may be coming (normally when you are ready to amp up the bet because you are winning too little) You have to accept the small gain...be thankful that you increased your bank and call it good.
Playing small and well within your bankroll is the key in my mind. If you are stretched thin you are living on borrowed time.
As a point of reference (I play several methods simultaneously so it magnifies the multiplier) $1 unit per every $10,000-$15,000 of bank. That would let me play at a ratio of 1:3000 (unit:bank) across 3-5 methods
Obviously $100 units are out of the question...and I never play EC's and seldom play 2:1's...mostly inside with 1-3 numbers targeted...sometimes 4-5 on a wheel sector or strip of felt
My thoughts on that kind of tie in to your premise here.
Money Management and Progressions
I play with progressions and sometimes my real issue is I win too early and win too often.
Here's why I say that.
I don't start with the unit size most would play with in regards to my total bank.
I play a fibo or modify a fibo type progression with most of my plays...it's never a strict fibo...fibo is the basis for most of my progressions.
For me the key to money management is to have a bankroll vs unit size utilized that doesn't have you at a major disadvantage against the game you are playing. In the question I was pondering regarding 100 units lifetime it's a scenario set for disaster becasue no matter how good your method or methods may be...there is always a drawdown and there is always the run from hell.
The trick is to play small enough that you can use a light progression with a stop loss and then start attacking again maybe a step or two up the rung in a "recovery" type mode. 100 units doesn't give you any room for error.
I often win too little because if I win early on in the progressions there just isn't enough money on the table. But...that being said...be happy to make a small win and go on about your business somewhere else. It's a cyclical game and comes in waves. If you are winning alot and play in a certain manner...the losses may be coming (normally when you are ready to amp up the bet because you are winning too little) You have to accept the small gain...be thankful that you increased your bank and call it good.
Playing small and well within your bankroll is the key in my mind. If you are stretched thin you are living on borrowed time.
As a point of reference (I play several methods simultaneously so it magnifies the multiplier) $1 unit per every $10,000-$15,000 of bank. That would let me play at a ratio of 1:3000 (unit:bank) across 3-5 methods
Obviously $100 units are out of the question...and I never play EC's and seldom play 2:1's...mostly inside with 1-3 numbers targeted...sometimes 4-5 on a wheel sector or strip of felt
)
