I've written about my 0 to 1,000,000 challenge 5 months ago and I've never forgotten about it. I've only just began building my bankroll and now I can start working towards my goal. The challenge is to get to Php 1,000,000 by May 26, 2009. I was supposed to start from $0 and work my way up but it was taking forever to build so I had to deposit $23 last month. I wasn't cheating. The money I deposited came from the money I earned from selling my poker chip set. It was sort of still related to poker anyway. I was supposed to use the money from ads to fund this challenge but that too is taking forever.
Anyway, now that I have a bankroll, this is my planned strategy. Each day I play, I'll just aim for a net profit of 3% of the current bankroll. 3% is nearly nothing and it'll be (theoretically) easy to get that 3% without risking a lot. I also need to limit playing ring games with a BB that's 0.5% of my total bankroll. I'll only limit myself to buying in 30x BB for that ring game in order not to risk too much. If I'll play an STT, the buyin should not exceed 5% of my bankroll. For an MTT, buyin should not exceed 2.5%.
I currently have $85.25. I need to earn $2.56 for the first day through playing a ring game with BB not more than $0.43. As the days progress, I'll be playing on the bigger table but still trying to win only 3% of my bankroll. It's estimated that I reach $22,085 (Php 1,000,000+) by the 189th day or April 18 if I play daily and I always reach the 3% target.
Sounds simple enough. Now I just have to play. Wish me luck.