Originally Posted by Alan Mendelson View Post
Originally Posted by tableplay View Post
Originally Posted by Alan Mendelson View Post
I certainly would have a stop loss so I would never be down 1000 dollars flipping coins.
By that logic a whale could get a casino to shut down if they hit the casino's stop loss. Yet the casinos plod on, taking on all takers despite the occasional hiccup; i.e. they don't have a stop loss.
Casinos don't have a stop loss... except the ones that go bankrupt. Yes, even casinos lose. There's one facing bankruptcy now on Sahara just west of the Strip. They used their stop loss and closed last week... or did you forget?
Of course the casinos can go bankrupt. But the closures you are referring to are made via quarterly earnings decisions, not by some hard stop loss because a whale hit some daily threshold.