Quote:
Originally Posted by albedoa
One of the biggest psychological pitfalls that a new player makes is winning and subsequently losing a large score in a single session, then cashing out a small profit so he can mentally register a "win".
I agree this can be a pitfall for new players, but I think it's an underrated tool for experienced players.
Way too many 2p2ers think of themselves as infallible poker machines. Their identity gets wrapped up in their winrate, i.e., "I am a 10 bb/hr winner," and they blind themselves to reality.
Reality is that sometimes you need to book a win. 20 losing sessions in a row and your 21st goes down 2 buyins and then up 2.00001 buyins? Locking up the win and mentally breaking the losing streak has value.
Reality is that your winrate varies, and when you're tilted, you've already lost the capability of objectively evaluating yourself and your winrate is lower than you think it is. How many pros do you know who end up in some kind of death spiral late one night when they're playing at what they insist is the best game in months?
Reality is that good players often sit down and expect to win, thinking they can watch a movie or drink alcohol or push through a bad night's sleep with some coffee, when it's probably better to walk away.
And most damningly, I think the reality is that a lot of technically competent poker players will are doomed at being poker pros because they refuse to set stop losses or stop wins or walk away from good games because they (correctly) think those are things that n00bs do. These are definitely things that new players should get away from, but that doesn't mean they don't have value in a broader arsenal.