Have you ever noticed how, even when you think you're managing your bankroll well, you still end up chasing losses, and instead of recovering, you dig a deeper hole? That's usually a sign that your bankroll management isn't as solid as you thought.
Proper bankroll management isn't just about setting limits, it’s about sticking to a disciplined plan. And by “proper,” I mean betting a small percentage of your total bankroll something really conservative, like 1% or at most 2% per bet. If you follow that strictly, you can avoid the frustration that comes with a losing streak. Even if you lose 5 bets in a row, you're not wiped out and you don’t feel desperate. The key is having a plan and actually sticking to it. Most of us fail on that second part.
No!
This isn't advice! You do the best you can with your own money, but it doesn't work the way you describe it. In fact, there's specialized literature with statistics from years of experience, and the approach isn't the way you're suggesting: 1% can be a waste of time, if you really want to get an ROI, it's worth it. Also, you talk about five bets, well... what games are we talking about, or what sport? Depending on the game, five bets can make sense.
I don't think you have the slightest idea what bankroll management actually means in practice. I would recommend reading these books: "The Theory of Poker" by David Sklansky, or "The Mental Game of Poker" by Jared Tendler and Barry Carter, among others.
It's not an easy topic to cover in a few words. The bankroll is the lifeblood of the gambler and deserves time and dedication.