Stabs at short handed fixed limit
Even though I'm not properly bankrolled for short handed (5 max) $0.50/$1.00 limit hold'em, I have taken a few stabs at it. I have a bankroll of around 350BB for that limit, which isn't nearly enough, but I don't care. If I end up losing a lot, I'll just drop down in limits. I'm currently on the positive side in earnings, but after a thousand hands or so, it's not an indication of anything. But having a good run of cards has made it possible for me to try it out.
If I do manage to lose, say, 100 big bets, which is more than likely, given that I'm definitely not very good at it at the moment, I will have to drop down limits (and, consequently, to full table). I'm completely and acutely aware that even if I was a decent short handed player, I could still easily lose several hundred big bets if I ran bad.
But boy, is short handed fixed limit fun or what. Also, if one takes it as a possibility to learn, it can really sharpen your skills.
The funny thing is that many players are instantly making a lot of adjustments when moving from a full table to a short handed table even though they might be best off not making adjustments at all. I'm not saying that you shouldn't adjust. It's just that the adjustments have to be the right ones and they have to be gradual. If you're proficient at micro-limit small stakes limit hold'em, you probably already know how to play tightly preflop and aggressively postflop. These concepts apply to short handed game, too.