How do I set a stop loss limit?

M

Mike_25

Guest
"To hang onto your cash when you're gambling, you gotta know when to stop. Set a limit for how much you're willing to lose, and when you reach that number, walk away. Don't matter if you just sat down or been playing for hours. Discipline yourself to stop at your limit.

Only gamble what you can afford to lose. If losing $500 would mean missing rent, only bring enough to play for a little while. And start with less—you can always buy more chips, but you can't win back money you don't have.

Keep adjusting your limit based on how your luck's running. If you're losing faster than you figured, tighten up your stop loss. It's better to stop sooner than go broke trying to get even.

And have the willpower to stop when you reach your limit. Just stand up and go, even if it's the last thing you want to do. Losing money sucks, but losing more than you can afford sucks way worse. Quit while you can still pay your bills and enjoy other weekends at the casino.

Discipline yourself to stop at your limit and you'll gamble another day. Keep going after you're supposed to stop, and you'll end up stopping for good cuz you're broke. Know when to hold 'em and know when to walk away, you get me?"
 
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