My challenge is off to a horrible start. As reported yesterday, I set a goal of turning a $1,000 bankroll into $50,000 by January, 2010. However, before playing a single hand I have found myself with a bankroll cut in half.

This is mostly my mistake. Well, entirely my mistake. As a member of one of the better-known poker forums, I replied in a thread dedicated to player-to-player transfers. I was hoping to get half my roll onto Pokerstars and replied to a thread from a poster with a good reputation and lots of trading experience. As is customary, I made the initial move since I was new to this. After sending this player my $500, I waited for him to return it on Stars.

I’m still waiting.

Chalk it up to a lesson learned. It’s a huge step backwards, but I am still up $500 from the weekend.

I plan on playing some cash games tonight and will report back with results.

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