Not learning to stop losses in gambling will only make you poorer, not wealthier

Geet99530

"Gamblers stories can have many different versions. Some may be about how a gambler makes a lot of money in a casino, while others may be about how a gambler ruins their life due to a gambling addiction. Regardless of the story, they can all teach us that gambling is a risky behavior that can have serious consequences for individuals and families.

I have my own story, which I once shared on a forum. Today, let me tell you about a friend who was a gambler.
The story begins with a man named Advay, who was a programmer. He came across the game of baccarat online and became very interested in it. So, he decided to visit a casino to experience the game.

When he played baccarat for the first time, he had no clue and didn't know how to play. But he found the game fascinating, so he decided to continue playing. After some observation and learning, Advay started playing baccarat with a strategy. He used computer simulations to predict game outcomes and employed a betting strategy to adjust his bets.

In the end, he made quite a bit of money at the baccarat table. In the casino, his strategies and skills made him a 'master.' However, Advay also knew that gambling had its risks, and mastering a strategy required self-control. He understood that gambling couldn't be his lifelong pursuit.
Ultimately, he decided to leave the casino after winning a substantial amount of money and invested his winnings in other areas.

This is the story of a gambler who knew when to stop and left the world of gambling. Many times, I ask myself when I will quit gambling. When will I win enough? Of course, I won't become extremely wealthy from gambling, but I still have the habit of enjoying some small bets.
'Not learning to stop losses in gambling will only make you poorer, not wealthier.'"

Rishbha

Everything has two sides, and setting stop-loss and take-profit levels also depend on luck, don't you think?

Samiksha

Do you think timely stop-loss should also be accompanied by timely take-profit? Both are indispensable, right?

Jiten171

Learning is one thing, mastering is another. To truly learn something, you need to both learn and master it. Many people struggle because they learn, but they don't master it, missing out on the crucial next steps, which is essentially not fully learning it!

Kahn332

Those who learn to stop and walk away with a bucket of gold are not only strong in self-discipline but also have clear minds. They know exactly what they want, and they understand the principle that continuing to play might turn a bucket of gold into a grain of sand. I believe there are very few people like this.

Kalkin995

Many times, not understanding stop-loss, I've lost big. It's not something you can control just by wanting to, don't you agree?

Pooja193

How could anyone calculate this?