Ok, I'm back in the game as I found a dime under our vending machine at work. I also found a penny in the hallway. That vaults me back to level 5.

My busting out brings up an interesting question. Last time I tried doubling I was very very conservative. I didn't lose much money, but at the same time I doubled very slowly. Is it better to take it very conservative or very risky. If the goal is to get to a million dollars I don't see how you can be too risk adverse, however, it is obvious that if you take on too much risk then it will never happen for you.

A good example of taking on a ton of risk would be going to a casino roulette game and letting your penny ride 28 times, hoping to turn it into a million dollars. The odds of this happening are 1 in 268,435,456 Not very good. So it would seem that taking a moderately conservative approach is good, but this should be relative to your current level. A good rule of thumb would be to never tie up more than 20 percent of what your stake is in one thing (last time I aimed for 10 percent and I took FOREVER). That way you spread your risk around a bit, but still have a chance to make a significant dent into your current level when things go right. From now on I will aim for 20 percent. Going bust sucks even if I only took a week to get to where I was.

Flip