As I expected, cake time has been pretty elusive since my last post...
Due to my absurd schedule this semester (three jobs and two classes), I've only played when I was either (1) stressed and needing to blow off some steam, (2) drinking, or (3) procrastinating when I should have been studying or writing. None of those put me in quite the right headspace, so I spent most of the last month and a half drifting up and down between $90 and $120. Playing too many hands, calling draws against the odds, refusing to lay down AQ preflop, etc... just making textbook bad decisions.
The process has also confirmed that I'm not a great grinder in ring games... I tilt easily, especially after two or three bad sessions, and I spend way too much time watching and stressing about my bankroll, instead of playing my game.
Which has led me back to tournaments... mostly $5 10 man SNGs, but with occasional guaranteed multi's thrown in, as well. No big wins in the multi's yet, but I've broken about even with a few small cashouts. The SNGs, however, have been a steady earner for me, and I've worked my way up to $156 at the moment.
I don't quite understand how I so easily brush off a bad run of luck in SNGs (like busting out on the bubble 4 times in a row), when the same exact hands in a ring game would result in two shots of whiskey and an ill-advised rebuy (or how this is only an issue for me online)... but at least I've identified my strengths and weaknesses. If the past is any guide, I'll probably have success playing ring games intermittently, but get into a bad headspace if I use it as my primary game.
On a side note -- Has anybody been playing rebuy tournaments? I've excluded them from my repertoire for now, for two reasons: (1) I haven't decided how to work them into my Ferguson rules and (2) I don't like playing multi-tourney's for less than $5, because there are too many players, the play is too unpredictable, and the payouts too small; and I know for sure that my bankroll can't support $5 rebuy tourney's yet.
Anyway. Any thoughts on rebuy/addon tourney's? Is anybody else playing them? What sort of bankroll should I have before I start playing in $5 R+A tourney's?
My gut says at least $400, since a typical tourney includes at least 2 buyins (the initial buyin plus a instant rebuy to load the table and maximize my starting stack), and an addon after the first hour... and, on a bad day, as many as half a dozen true rebuys. So if we call that an average of 4 buyins (2 initial buyins + addon + an average of one more rebuy), and follow the Ferguson 5% rule, then I need 80 times the buyin, or $400 for a $5 R+A tourney.