Quote:
Originally Posted by *Split*
binK. I suppose you could change "he" to "I" and it would have been the same thing I would have written =)
Also, i personally suggest ppl use stoplosses and DO NOT hit -10BI sessions. Kurt has been around to know how he can handle that mentally, but for most, that will be such a mental confidence blocker that you will have to spend a ton of time digging out of that not only in a money sense, but in a mental sense.
I actually did decide to institute a stop/loss for the first time ever after reviewing these three -10bi sessions.
Upon review I found they had the following in common:
* I ran amazingly bad in each session
* each was a very long session, over 10k hands
So in one sense, running $800, $600, or $500 below EV could be a /partial/ excuse for a -$1k day, but in each case I stayed to "grind it out" and lost more. I'm not sure if the stop-loss is right, but since all 3 followed exactly the same pattern, I figure why take the chance... so I'm on a 5bi stop-loss now.
Also, the mental impact of each successive -10bi day was worse. The first charged me up to make it back, I put in 30k hands over the next 4 days and was back in the black before the weekend was over. The second I tightened up my game and started playing shorter sessions. The 3rd I was shell-shocked, and basically took a week away from the tables. Don't particularly feel like doing it again.