Long time ago a friend sent me 20$ on PokerStars and I started playing 1$ buy in cash games. Using good bankroll management I managed to not go broke and work it up to 200$ so I was playing 10$ NL cash games and 2$ tournaments. By a good amount of luck I managed to win a tournament and got an extra 575$ dropped in my bankroll. Normally this is a good thing but in this case it gave me a chance to make a really stupid mistake.
Since I was playing 1-2$ NL live games and had worked my way through the micro limit levels online so quickly with only my bankroll management requirements holding me back I assumed I could jump to the bigger games. Given my bankroll was not big enough to match my live game limits I just jumped up to the 40$ NL cash games. Well I quickly learned that at the higher levels online games are about 10X harder than live games. I quickly lost the bankroll to play at that level and stepped down to the 20$ NL games. After a week or so at that level I no longer had the bankroll to play and had to move back to the 10$ level.
Even though I was back at the same level before all this started I was on super tilt for having lost all my tournament gains. So before long I am all the way back down to 5$ games and I finally realize I need to take some time off from the game to get my head reset.
What I should have done is taken that tournament win money and cashed it out. There was no reason to keep it on there as I was steadily working my way through the levels and everything was going as planned. A second best plan would have been to separate my cash game & tournament money and just used that 575$ to only play 5$ tournaments.
Painful lesson to have to learned but I am glad I learned it with a small tournament win rather than big one.
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Darkened Poker




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