Which is easier, stop when you are winning or stop when you are losing?

[bitcoin31]

If you know your limitation and your target profit I don't think they have hard decision when you stop.
Before Both of this I hard to stop like in winning because of greediness to win more I lose more money and also when Im losing I play more to so I can back my capital. But now look at me I can easily stop when Im winning and losing money.

[mu_enrico]

Here you are wrong actually because you actually stop when you win big and and you loose then you don't mind loosing all of it, right?

I mean just re-think about what you are saying once, you loose all $25 and then you would stop or you would stop after you have lost say around $12 from 25 .. you will obviously say you stop at loosing it all so it's actually the fact that you can't stop when you are losing.

Yeah, but I never withdrew more money with the hope of winning in the next round to recoup whatever losses I made.

Haha, I know that feeling I too make such purchases which I don't mean to actually buy when I have some extra funds from either gambling or anything else and I don't mind this habit 1 bit because I have so many more items now which i won't have if I acted miserly.

That's hilarious! ... and also pretty much correct, at the same time.

When I say that I enjoy gambling regardless of whether I'm winning or losing, people often ask, "How can you enjoy losing?". Well, because I often buy stupid stuff with the won money, the stuff I regret buying, and that feeling of regret is not what I want to experience in the nearest future. How about that? )

LOL, I still remember I have spent a lot to buy winemaking kits, with all the high-quality yeast to make the best wine ever. Only used twice.
Or when I bought quite expensive latex -allergen-free- pillow. The most expensive night ever! Only used once, and I never use it again since it hurts my neck.

Anyway, which one is easier, stop loss or take profits, depends on your playing style. However, in behavioral finance, traders tend not to cut short their losses, but hold their assets down with the market (or it is easier to stop when they win). Hence, I place a hard limit every time I play because it's a lot harder to stop when you lose. I hope that "science" makes sense.

[Saisher]

I like to know your opinion about the question because I believe every gambler has a different way of managing himself.

My answer to the question is I can easily stop when I am winning because I am afraid I might end up with nothing since I know to myself that I am not yet consistent enough to win in gambling, however, based on my experience, I can't easily stop when I am losing despite the fact that I already set up a limit to gamble in a certain day or a certain session.

Do we have the same attitude or not?

I do have the same attitude like yours and it's much easier to stop than stopping when you are losing, when you are losing you are always tempted that you can get your losses back I guess  it's human nature to keep hoping, even though the odds is very small.

[ethereumhunter]

If you know your limitation and your target profit I don't think they have hard decision when you stop.
Before Both of this I hard to stop like in winning because of greediness to win more I lose more money and also when Im losing I play more to so I can back my capital. But now look at me I can easily stop when Im winning and losing money.

You are right. But many of us cannot follow our rule, and even we reach our target profit, we still want to get more profit. That can make them lose all of their winning money, and if they still not realize, they can lose everything they have without any left with them. Yes, we will feel hard to stop when we are winning, and that will need to have strong control over ourselves so we can stop it right away before we lose the winning money.

[Saint-loup]

I think for everyone else, it is very difficult to stop when winning because the vibes and excitements it brings makes you want to continue.

Likewise, it is equally had to stop when losing.

But for me, i have my limits when betting, so either i win excessively or lose distinctively. I am unshaked.

What do you call "your limits"? You have limits on the total amounts you are betting or limits on the amounts you are losing/winning?
If you have limits on the amounts lost or won you can't win or lose excessively.

[2double0]

...snip...
Do we have the same attitude or not?

If I have a goal set and I am winning, I would prefer to stop once it is reached or if I start losing more while reaching near the target - depends on my mood. But for the losing part, I will not let my whole capital go bust and if I have lost some part of it already, I will stop immediately. I set some loss goals too so that if I reach near that goal, I stop playing and either withdraw or continue some other day as I don't feel my luck works for me that day.

[naikturun]

when I win I withdraw part or 75% of my total money, then play the rest.
and if on the same day I do not get any victory I have to stop I know it is difficult but must to do, some people will continue to play and hope to restore their defeat in the next game but it will get worse. Because there is still tomorrow, remember good luck doesn't come just today, there are still other days so just relax, dont play too hard.

[Questat]

when I win I withdraw part or 75% of my total money, then play the rest.
and if on the same day I do not get any victory I have to stop I know it is difficult but must to do, some people will continue to play and hope to restore their defeat in the next game but it will get worse. Because there is still tomorrow, remember good luck doesn't come just today, there are still other days so just relax, dont play too hard.

It's too easy to enjoy in gambling when you have that kind of discipline, if you keep doing that you'll never regret gambling but once you break that habit even for once, for sure you'll be at risk of losing your control and once you loss your control, that's the start where you ruin your life as a gambler.

[finaleshot2016]

Obviously, stop when you're losing 'cause you're tired and don't have enough money to bet.

When you're continuously winning the game, then you will continue also to bet and gamble. That's how the mentality of a desperate one to earn a lot of money. Betting a lot until you lose again all of your money.

when I win I withdraw part or 75% of my total money, then play the rest.
and if on the same day I do not get any victory I have to stop I know it is difficult but must to do, some people will continue to play and hope to restore their defeat in the next game but it will get worse. Because there is still tomorrow, remember good luck doesn't come just today, there are still other days so just relax, dont play too hard.

It's too easy to enjoy in gambling when you have that kind of discipline, if you keep doing that you'll never regret gambling but once you break that habit even for once, for sure you'll be at risk of losing your control and once you loss your control, that's the start where you ruin your life as a gambler.

I can say that it's very easy to enjoy gambling if your perspective towards gambling is just entertainment, right? 

[LbtalkL]

We are quite the same If I already gain a decent amount I stop and withdraw my profit it is easier to stop when winning than losing. I am not a regular gambler I don't play every day. I play when I have nothing else to do just a luxury time. I also set a limit if a lose this certain amount I stop and call it a day maybe it is not my lucky day.

[leowonderful]

I actually find it easier to stop when I'm winning because I've become less greedy as a whole from trading and getting burned from greed very often such as when I sit on a position too long and price action starts going to other way. I can certainly see how it can be hard to stop when you're losing because you want to 'win back' losses, but from my own experience of losing significant sums of money through chasing losses, it's a terrible mindset to be in. If I end up winning more than I expect, I usually stop and buy something nice I otherwise would not purchase and go on with my day.

[maydna]

We are quite the same If I already gain a decent amount I stop and withdraw my profit it is easier to stop when winning than losing. I am not a regular gambler I don't play every day. I play when I have nothing else to do just a luxury time. I also set a limit if a lose this certain amount I stop and call it a day maybe it is not my lucky day.

That is a good decision to stop and withdraw the profit while we can because we will difficult to see a chance of winning in gambling. You are so lucky not being a regular gambler, and you also not play gambling every day, so you can stop anytime you want. Limiting the money will help you to know how long you can playing gambling, so you don't drag too deeper into gambling games.

Perhaps, stop while we lose in gambling will be easy to do than to stop while we win because some gamblers will play gambling to try to get another winning.

[KrisAlex18]

On my own opinion, it is easier to stop when I am winning because I am not a greedy person, my friend knows about that, when I am gaining so much money I prefer to stop because I am afraid to lose it again, winning even a little in gambling is enough you don't need to devour all the fiat or currency of your opponent because you might end up losing. Gambling is a matter of being lucky, and luck is not always on your side, so if you know that you are already winning, then make it stop. But on the other side about losing, I am also that kind of person, and when I am missing, I want to stop because I am too afraid to lose all of my money. I don't prefer to bet my last money thinking that I would recover from losing. That two sides are equal, it all depends on your situation, but I am most prefer to stopping when I am winning because I am not a greedy person, as I have said above.

[peter0425]

I think for everyone else, it is very difficult to stop when winning because the vibes and excitements it brings makes you want to continue.

Likewise, it is equally had to stop when losing.

But for me, i have my limits when betting, so either i win excessively or lose distinctively. I am unshaked.

What do you call "your limits"? You have limits on the total amounts you are betting or limits on the amounts you are losing/winning?
If you have limits on the amounts lost or won you can't win or lose excessively.

yeah it is contradicting considering that he has Limits on amounts to win or lose and that wont be appropriate to win that said excessively.

not unless he is Pointing about the "Time to be Spent"?at least playing in 3-5 hours when he is betting?no matter how much he spent or win what is important the time schedule?i know this is very rare but this is also my condition now,when i played at least 1-3 hours maximum and after that?i need to stand up either win or lose.

[Sadlife]

I guess for me its kinda hard to stop especially when you're in a winstreak because you get tempt to bet more, probably because i've had a strategy that's why i keep on betting and even though i had won quite enough i still keep ongoing that's my problem until i lost most of it.

Well even though i lost, i dont get to emotional about it cause i know what i've gotten into is very risky and also entertaining

[Ailmand]

I guess the same goes for both. Whenever a gambler wins they become greedy and crave for more money. On the other hand, when gamblers lose they chase for their losses. So in both situation, it is still difficult to stop.

Take note that any habits that you isually do or do in a regular basis is something difficult to stop. It might take time and you might need to withdraw on it gradually.

[Betwrong]

~

That's hilarious! ... and also pretty much correct, at the same time.

When I say that I enjoy gambling regardless of whether I'm winning or losing, people often ask, "How can you enjoy losing?". Well, because I often buy stupid stuff with the won money, the stuff I regret buying, and that feeling of regret is not what I want to experience in the nearest future. How about that? )

LOL, I still remember I have spent a lot to buy winemaking kits, with all the high-quality yeast to make the best wine ever. Only used twice.
Or when I bought quite expensive latex -allergen-free- pillow. The most expensive night ever! Only used once, and I never use it again since it hurts my neck.

Yeah, I can feel you, mate, I used to buy a lot of unnecessary stuff too. And now I think if I'd just gamble that money away, I'd feel much better afterwards. In my case it's books, $20-$30 per copy, most of which I don't have time to read, but I can't make myself to throw them away either, so I'm doomed to be reminded of my stupidity, probably forever. )

Anyway, which one is easier, stop loss or take profits, depends on your playing style. However, in behavioral finance, traders tend not to cut short their losses, but hold their assets down with the market (or it is easier to stop when they win). Hence, I place a hard limit every time I play because it's a lot harder to stop when you lose. I hope that "science" makes sense.

It makes perfect sense to me, and, in fact, that's what I do, with some rare exceptions. Knowing that it's much harder to stop after losing a significant amount, I simply don't bet with such an amount.

[Questat]

I can say that it's very easy to enjoy gambling if your perspective towards gambling is just entertainment, right?  

Obviously because you will not long to win back your loses as you understand when you try to haven fun you'll need to spend and you are also aware of the reality that most gamblers are losers, so you won't make an exemption.

[MWesterweele]

I guess the same goes for both. Whenever a gambler wins they become greedy and crave for more money. On the other hand, when gamblers lose they chase for their losses. So in both situation, it is still difficult to stop.

Take note that any habits that you isually do or do in a regular basis is something difficult to stop. It might take time and you might need to withdraw on it gradually.

For me its better to stop when you losing because there is possibility to save some of your money from losing. As long as you continue you might possible to lose it all, so its better to stop specially to those people who now become addictive to gambling. Stop as long as you can because when you do gambling there is a big possibilty you might regret it in the end. Stop when you feel that you started to lose everything, and you cannot control it.

[LogitechMouse]

For me, it is easier to stop if you are losing.

Tendencies that may happen if you are losing is that, you will not borrow money anymore from other people because you know already that you lose your money unless you are an addicted gambler and you will always find a way to find money. Stopping when losing is easier because you are lacking of funds already.

If you are winning, chances are you will not stop because the more winnings you have the more you become greedy and you will not stop until you lose all of your money.