Tried-and-True Money Casino Gambling Management Techniques
I agree with most of the authors' suggestions.
re: Stop Loss and Stop Win.
Stop Loss:
Personally, I do not rebuy into the same shoe after busting a buyin. I do go get another buyin but will select a different shoe, go to different casino, maybe take a restroom break/walk around 15-20mins,...etc.
What is interesting is when I bust a buyin it seems I will bust another within a few shoes or days and often that second bust in close proximity will have a Net-(i.e., meaning it had not earned itself once).
Recently I had gone about 9 weeks without busting my buyin(very long for me). It busted and a short time later( a couple days later) it busted again with only a 19% win of itself. Most busts that are Net- I seem to at least have profits of 60%--80% prior to bust.
Stop Win: Personally I do not think we should have a Stop Win. Simply implement a trailing loss (similar to investing in a stock or precious metals,..etc). One never knows how long the current winning trend will last(shoes, days, weeks, months,..etc).
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