Quote Originally Posted by Chopper
so long as your bankroll is adequate (20-30 buy-ins for your level), what difference does it make how many tables you open? or how much you risk in a day? or whatever?
Perfect advice. I believe in not risking more than 5% of my bankroll on one HAND. Not one session or one day. That's what's important.

If you lose 5% and buy back in, it's EXACTLY the same as losing 5% and playing again tomorrow.

If you don't risk more for emotional reasons or something, that's fine and great, but don't put those problems on other people. Most people can lose a hand and continue to play well.

This could involve moving up and down in limits during one session, depending on how much leeway you give yourself on your percentage and how soon you move up. That's fine too, just stick to whatever rules you make.

To sum up: I believe in making the stakes I play a direct function of my bankroll. And because I have the discipline to move down if I need to DURING a session, I can play multiple tables at that limit without increasing the needed size. I just watch my total bankroll carefully to determine where I should be.