Originally Posted by Alan Mendelson View Post
Originally Posted by RS__ View Post
Originally Posted by Alan Mendelson View Post
So kewlj will you now say that it was not good that you lost $8800 in one day even though you had the best session for accumulating EV? Will you also say it is not good that you lost $29,000 in one week even though you were playing with an advantage?

And if losing $8800 in one day, and $29,000 in one week and it was not good, why didn't you use any kind of stop loss?
What's the point of using a stop loss if he's just going to return the next day or week? Really try to think about it -- is there a difference in gambling today vs tomorrow vs next week vs next year?
The point of a stop loss is for kewlj to pause and think that maybe he doesn't have the edge he thinks he has. AND maybe he's not playing with a positive EV. AND maybe he's having just a bad day and it's better to stop throwing good money after bad.

The casinos never close.

ONLY AN ADDICT NEVER KNOWS WHEN ITS TIME TO QUIT.

ONLY AN ADDICT NEVER PAYS HIS OWN SON