pokerpro, that's actually the improper way to use the Labourchere if you're using it for a 2 or 3 game chase. PSIC did research and back tested up to 5 years worth of data, and they came up with this:
https://platinumsportsinvesting.com/labourchere.aspx
Go down to the 6/18/09 update, as well as the 7/13/09 update
Obviously, you're free to wager and money-manage as you wish. But what you just described in your post is not the recommended way