The biggest piece of advice I would give to you is to forget about the staking plan for now. Concentrate on making sure your selection method returns a positive POT, then play with staking plans if you want to.
The simple fact of the matter is, is that a staking plan can give you short term profits, but eventually that long run of outs is going to catch up with you as it seems you are becoming aware of. Even reading about the staking plan on the official site they admit that
'At one stage the target reached $7,653'
starting with a 10k bank, that spells it all out to me. Sure on paper, you might have managed to recover it, but in the real world with real money on the line, 99% of punters would have pulled the pin on this.
Just remember, even with a SR of say 50%, you WILL at some stage hit a run of outs of 20+, might not be today, next month, might be a year away, but at some stage it will happen, even with a method which produces a small POT, will be hard to make money with a staking plan when the long loosing run hits. Trust me on this, I speak from years of experience trying to turn a negative into a positive with staking plans, no matter how you sugar coat them or add 'safety' brakes to them, the maths gets you in teh end!
This is why most people reccomend percent of bank up and down as teh safest way to protect your bank, you'll be surprised actually how quickly your bank can grow using this simple method, and at the same time, reduce damage done on the loosing runs.
Wow, sorry for the long winded reply/rant
|