Mike, tournies are a royal pain in the arse. I played a variety of buy - in's from $1 - 30 dollars for almost a year (played tournies as a diversion, cash games mostly) and finally just over a year after playing I won a tourny for 1300 on bodog, not even a week later I won one again for 625. I was then like dang, I have these figured out, and naturally go on not having a significant cash since. Closest I have been to final table was the other day when my KK lost to a guy that limped called 1/4 of his stack with ace 9. He flopped two nines and I go out in 17th. Point is, tournies have high variance.
The trick is to conserve chips and then get aggressive in position once the blinds get to 50-100/75-150. People start folding on the flop much more then rather than chasing. At times, you will have to raise in position and if they check, jam with air and hope they can't call. Other times, if you have more chips, you can make the standard continuation bet. Watch the two guys to your left, see what kind of raises they fold too, and you can even expand to the 4 guys to your left. Another trick that you need sometimes is the resteal. Watch for the alpha dog at your table(the guy raising far too often), pick a hand and jam him after he raises (preferrably do this from blinds or button) and hope he doesn't have a legit hand. Resteals are sketchy tho at the under 15 buy in range as most people call.
Look for spots to try a squeeze play. It actually does work. Along the same vein, try to isolate an ep all in if you have ak/aq or pockets and you think you can make the pot heads up. If you force out another caller, it just adds more potential dead money to the pot.
One other thing, is that don't be afraid to take the cointoss early, in an effort to double up. Online tourny stacks arent very deep by level 4 or 5. Go broke early, big deal. Reraise ep raises/mp raises with jj/qq/kk/aa or ak in late position. You can consider smooth calling with aa or kk sometimes but alot of times this leads to trouble. The pot just gets too big vs the chipstacks. Reraising on the button wins alot of pots. Note again that you can repop with air if the guy you are reraising is highly active preflop.
Try to steal if you can(obviously), just don't get to tied to marginal steal hands that can trap you. AQ/AJ/KQ etc. You can lay your hand down and still have a chance. Obviously at some point you need to shove, but try to avoid being all in preflop as long as humanly possible unless you figure to be flipping a coin at worst.
Naturallly you can just wait for the cards to come to you, but most the time you won't have that luxury. Figure a 200 man tourny, at best before you hit the money, you will get dealt 160-180 hands. That means it is fairly likely you won't see aces and or kings.
When you M gets low, I know Harrington advocates pushing with any two, but I find that it is better to pick a spot and go with a hand that is less likely to be dominated. 89, 78, 65 etc or at least grab an ace and go (even tho u will be crushed alot). The other important factor in low buy in tournies is that alot of people will limp in with a small pocket pair then call and all in for 20/30/40/50% of their stack because they figure coin toss at worst. Therefore, at least try to shove as first in, not over a limper.
Lastly, I watched you play in a 10+1 the other night on Full Tilt (unless your screenname isn't AlameadaMike
) and I saw that you had run your stack to ~2000 early. I watched you limp in alot in either ep or lp then fold to a raise or call a min raise then chuck your hand on the flop. That is just bleeding chips. I used to splash around alot like that as well and have now realized given blinds/stacks you can't afford too. Say you squander 200 chips limping and an opportunity comes up when you get it all in and win for a true double up. 2k goes to 4k, 1800 goes to 3600. You have effectively cost yourself 400 chips by splashing around. If people respected position more, limping late would be much higher ev. Yet in lower buy in tournies, they just don't seem to care.
I realize some of what I said here may not make sense, but in a tourny, you have to try and utilize a whole range of tools and yes, sometimes go broke or get lucky with a sub optimal hand. Cards will come eventually but you can't count on em to bail you out either.
I apologize for rambling, but yet again, I've been drinking.
Good luck.