My 30K Challenge

It seems everyone has heard about Daniel Negreanu's challenge to turn $10 into $100,000 playing the micro limits and working his way up to the high limits. It's a well thought out plan, and I hope Daniel succeeds. Ever since I heard about it, I've been trying to watch him play on Pokerstars and maybe learn alittle, but he's hardly on. Who knows? Maybe I'll even sit down and try to bust him. LOL!

In my own mind, I've always envisioned doing something similar, except I'm not as ambitious as Daniel. For me, I'll be trying to build a $10 bankroll into $30,000(or 3 stacks of high society). Now rather than play the cash games tho(which really isn't my strength), I'll be mostly playing tournaments - SnGs and MTTs. By avoiding the ring games, I hope to avoid the variance that comes from a bad session where multiple buy-ins and a huge chunk of the bankroll can be lost. With tournaments, I'll control my stake, and hopefully hit it big with a high finish here and there.

It'll be a long road ahead to reach my goal, but I know it is possible. About 6 months ago, I followed this formula and built my stack up to $260. But then I squandered it away by playing in the WSOP Main Event Satellites. Nothing wrong with being ambitious, but I dreamt too big envisioning WSOPs, WPTs, EPTs, APPTs, and LAPTs when it wasn't really realistic. From now on, I'm gonna first firmly establish online success and a bigger bankroll before I think about playing in the big live tournaments.