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Author Topic: Keeping A Record Of Your Losses Will Make You Realize To Stop Gambling  (Read 1224 times)
imstillthebest
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April 01, 2020, 12:33:07 PM
 #121

Nope i will never do this for my Own peace of mind,how can you afford looking all the time that the amount is too big compared to how much you win.
better forget this stupidity and Just gamble when you have money and make a rigth decision everytime you gamble.there are so many gamblers that fail because of no discipline and becoming greed as the gambling goes on.

That will give another stress for us if we look at the money that we lost in gambling. Besides that, it can make us cannot sleep well because our mind will think about how we are going to get that money. But having that record can give information about the average of the funds that we use every week or month so we can try to reduce or we can do something to avoid a big loss.
Recording the losses and the wins are part of journalizing,  professional traders are using it in order to find their strengths and their weakness. It is really depends on the person on what he/she will do to their records. Yes it can stop you to gamble anymore but the goal why he/she records will understand more the reasons behind it. I record my losses in order for me to know what is wrong and how I will avoid in order for me to have high chances to win in any gambling games and features.

I think some traders are doing that by making a file that recorded their history in trading, so they know how much their profit and loss. And if they lose, they will try to get back the money in the future. But if in gambling, I don't know about that because maybe some gamblers have that journal for themselves. But for other people, that will make them sad to see how much their loss compare to their win. Yes, that will depend on the person, and every gambler is free to create a journal or not. I hope you can know that in gambling, the chances will be there, but the problem is we don't know when the luck will help us to recover the loss.

trading and gambling are verry simillar activities so yes both recording stuffs can be done  . if pro people do this idea then why not us that are not really that pro ? this should be beneficial so that you are aware if how much you already loose when the time you started gambling but also lets keep in mind that prices of coins fluctuate or dont have the same value everytime you depo and loose   .  better if you can also track your deposits if what time you made it and the time you play that fund for more accurate calculations  .
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April 01, 2020, 12:40:34 PM
 #122

Honestly wish I'd done this, but the closest I've come to now is my own personal daily (until lockdown, that is) units tracking thread to keep track of my bets.

I have a different concept though, and that's probably because I consider gambling as entertainment and any deposits I make aren't losses, but payments, much as I would enter an entertainment expense in my own personal financial estimates monthly and annually.

So for me, I know I'm spending a fixed amount per season of football, knowing that the entire deposit's my entertainment budget. If I actually win something out of it, I tend to spend it for even more entertainment. In my case since 2016, it's basically paying forward for the next season, so I actually haven't put in new money for gambling my regular seasons (I still do for additional contests!).

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April 01, 2020, 01:04:55 PM
 #123

I think some traders are doing that by making a file that recorded their history in trading, so they know how much their profit and loss. And if they lose, they will try to get back the money in the future. But if in gambling, I don't know about that because maybe some gamblers have that journal for themselves. But for other people, that will make them sad to see how much their loss compare to their win. Yes, that will depend on the person, and every gambler is free to create a journal or not. I hope you can know that in gambling, the chances will be there, but the problem is we don't know when the luck will help us to recover the loss.

trading and gambling are verry simillar activities so yes both recording stuffs can be done  . if pro people do this idea then why not us that are not really that pro ? this should be beneficial so that you are aware if how much you already loose when the time you started gambling but also lets keep in mind that prices of coins fluctuate or dont have the same value everytime you depo and loose   .  better if you can also track your deposits if what time you made it and the time you play that fund for more accurate calculations  .

Maybe if someone trade without knowing how to trade, that can be called gambling, and that makes us say that trading will be similar to gambling. But if you have skills and knowledge in trading, I think that is not gambling because we can analyze the coin before we enter the market. That will make trading and gambling are different.

When it comes to trading, I can track down my trading history from the exchange, and I only need to download the data seed to my computer so I can see how much the profit and the loss, I can check if I am making a mistake or not.

But if that comes to gambling, I don't need to track down the history because I don't use gambling for making money. I use gambling to have fun and I playing gambling in my free time.

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April 01, 2020, 01:47:09 PM
 #124

My total deposit in my Bustabit account is almost 2 bitcoins, and considering it would be a great value and would have helped me a lot with my problems especially with food since I don't have a job today because of the Covid 19 virus.
So I regret it but I can't take it anymore and I think it is a  lesson for me to never be an addicted in gambling again and control myself for it.
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April 02, 2020, 01:30:42 AM
 #125

For me keeping a record of losses will only result on you getting frustrated and regretting which causes you to toxically take your chances again even though the chances of winning is tough.

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April 02, 2020, 02:55:02 AM
 #126

What do you think, will Keeping A Record Of Your Losses Will Make You Realize To Stop Gambling?
After seeing that you could have bought a new motorbike or buy an expensive watch on all your losses that you have computed.
Definitely not. It could just trigger greediness as it can cause you be more determined to recover what losses you've got thinking that once you've already make it you'll stop. In most scenario, if a gambler wasn't able to recover it making them more miserable. On the other hand I think it's better not be ignorant about your losses. If you've accepted it then your decision making will be pure wherein it can definitely accept losses and wins without getting much dissapointment.
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April 02, 2020, 04:05:54 AM
 #127

For me keeping a record of losses will only result on you getting frustrated and regretting which causes you to toxically take your chances again even though the chances of winning is tough.
Agree with this, we can say that you have your record, it can only serve as your list of losses, so that by next time you will be determined to win, and too much determination for me, can lead to frustrations, we should record what strategy we used for it to become our guide that we dont need to use that again, but the odds are really difficult for me to learn since it is so much tricky and cant understand very well.

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April 02, 2020, 05:27:01 AM
 #128

I also think like some who have commented that the addict stops playing for a moment but returns to his old routine. Gambling addiction is a mental disorder but to my surprise, I can see that there are controlled addicts who continue to play but not to the limit of losing everything.

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April 02, 2020, 05:30:13 AM
Merited by Kasabus (2)
 #129

I also think like some who have commented that the addict stops playing for a moment but returns to his old routine. Gambling addiction is a mental disorder but to my surprise, I can see that there are controlled addicts who continue to play but not to the limit of losing everything.
That is not considered as worst addiction yet, but as soon as you are addicted, you are already in big risk and it might get serious in the long run, the things you are afraid to happen might happen, like stealing, or selling your property just to fund your gambling addiction.

We don't like this to happen into our life but all of these are possible when we can't control or stop our addiction.
As early as possible we need to stop it.

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April 02, 2020, 05:41:22 AM
 #130

I think some traders are doing that by making a file that recorded their history in trading, so they know how much their profit and loss. And if they lose, they will try to get back the money in the future. But if in gambling, I don't know about that because maybe some gamblers have that journal for themselves. But for other people, that will make them sad to see how much their loss compare to their win. Yes, that will depend on the person, and every gambler is free to create a journal or not. I hope you can know that in gambling, the chances will be there, but the problem is we don't know when the luck will help us to recover the loss.

trading and gambling are verry simillar activities so yes both recording stuffs can be done  . if pro people do this idea then why not us that are not really that pro ? this should be beneficial so that you are aware if how much you already loose when the time you started gambling but also lets keep in mind that prices of coins fluctuate or dont have the same value everytime you depo and loose   .  better if you can also track your deposits if what time you made it and the time you play that fund for more accurate calculations  .

Maybe if someone trade without knowing how to trade, that can be called gambling, and that makes us say that trading will be similar to gambling. But if you have skills and knowledge in trading, I think that is not gambling because we can analyze the coin before we enter the market. That will make trading and gambling are different.

When it comes to trading, I can track down my trading history from the exchange, and I only need to download the data seed to my computer so I can see how much the profit and the loss, I can check if I am making a mistake or not.

But if that comes to gambling, I don't need to track down the history because I don't use gambling for making money. I use gambling to have fun and I playing gambling in my free time.

thats good because your only playing a gambling for fun and not for the profit  .  you said on trading you can easily download and view your stats  ? well this is also possibe on some gambling sites  .

 it can be downloaded thru json file but the file needs to imported on a json file viewer online but gambling site also provide that viewer  .  on gambling there are also skill based games and also sports bets too which skills can play important role too . also on trading sometimes its still hard to predict the flow of the coin  .   still quits tho
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April 02, 2020, 06:14:32 AM
 #131

Keeping a record of your loses is kinda unfair to your part, you should treat it fairly by keeping a record on your loses and winnings so you'll know the overall result, if the result is a loss, that's the time you start thinking whether you'll quite now or just minimize your gambling exposure.

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April 02, 2020, 06:15:21 AM
 #132

My total deposit in my Bustabit account is almost 2 bitcoins, and considering it would be a great value and would have helped me a lot with my problems especially with food since I don't have a job today because of the Covid 19 virus.
So I regret it but I can't take it anymore and I think it is a  lesson for me to never be an addicted in gambling again and control myself for it.

Just take it as a lesson and move on. I'm sure you will be able to get it back in a legal way. You can always stop gambling when you realize the game is not for fun. it's just a waste of time and money. Honestly, when you are living in the country where gambling is illegal and you insisted to play and the people around you know that, they will look down on until you stop doing it.

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April 02, 2020, 07:24:07 AM
 #133

What do you think, will Keeping A Record Of Your Losses Will Make You Realize To Stop Gambling?
After seeing that you could have bought a new motorbike or buy an expensive watch on all your losses that you have computed.

I agree with this. Tracking your losses is like yourself slapping you in the face saying how dumb you are in managing your income. Instead of spending it on gambling, you should save it for your future, especially if you have kids, because the responsibility as a parent always come first, you should be mature to think about your kids future, and not yours anymore.

Another thing about gamblers is that they are all optimistic, just in a bad way though, lol. Their eyes got glued on the "profits" (pun intended) in gambling in which they will never have in the long run if they don't really fit in it.
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April 03, 2020, 09:25:00 PM
 #134

Nope i will never do this for my Own peace of mind,how can you afford looking all the time that the amount is too big compared to how much you win.
better forget this stupidity and Just gamble when you have money and make a rigth decision everytime you gamble.there are so many gamblers that fail because of no discipline and becoming greed as the gambling goes on.

That will give another stress for us if we look at the money that we lost in gambling. Besides that, it can make us cannot sleep well because our mind will think about how we are going to get that money. But having that record can give information about the average of the funds that we use every week or month so we can try to reduce or we can do something to avoid a big loss.
Recording the losses and the wins are part of journalizing,  professional traders are using it in order to find their strengths and their weakness. It is really depends on the person on what he/she will do to their records. Yes it can stop you to gamble anymore but the goal why he/she records will understand more the reasons behind it. I record my losses in order for me to know what is wrong and how I will avoid in order for me to have high chances to win in any gambling games and features.

I think some traders are doing that by making a file that recorded their history in trading, so they know how much their profit and loss. And if they lose, they will try to get back the money in the future. But if in gambling, I don't know about that because maybe some gamblers have that journal for themselves. But for other people, that will make them sad to see how much their loss compare to their win. Yes, that will depend on the person, and every gambler is free to create a journal or not. I hope you can know that in gambling, the chances will be there, but the problem is we don't know when the luck will help us to recover the loss.

trading and gambling are verry simillar activities so yes both recording stuffs can be done  . if pro people do this idea then why not us that are not really that pro ? this should be beneficial so that you are aware if how much you already loose when the time you started gambling but also lets keep in mind that prices of coins fluctuate or dont have the same value everytime you depo and loose   .  better if you can also track your deposits if what time you made it and the time you play that fund for more accurate calculations  .
Yes gambling is risky same as trading so people may lose and win in it if they will keep the record it may help them reduce the risk. People should know how much they are earning and how much they lost so this estimation will tell them is gambling suitable for them or not. If winning is more than lose then its good to keep gaming other wise you need to learn more about gambling.
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April 04, 2020, 05:09:04 AM
 #135

Nope i will never do this for my Own peace of mind,how can you afford looking all the time that the amount is too big compared to how much you win.
better forget this stupidity and Just gamble when you have money and make a rigth decision everytime you gamble.there are so many gamblers that fail because of no discipline and becoming greed as the gambling goes on.

That will give another stress for us if we look at the money that we lost in gambling. Besides that, it can make us cannot sleep well because our mind will think about how we are going to get that money. But having that record can give information about the average of the funds that we use every week or month so we can try to reduce or we can do something to avoid a big loss.
Recording the losses and the wins are part of journalizing,  professional traders are using it in order to find their strengths and their weakness. It is really depends on the person on what he/she will do to their records. Yes it can stop you to gamble anymore but the goal why he/she records will understand more the reasons behind it. I record my losses in order for me to know what is wrong and how I will avoid in order for me to have high chances to win in any gambling games and features.

I think some traders are doing that by making a file that recorded their history in trading, so they know how much their profit and loss. And if they lose, they will try to get back the money in the future. But if in gambling, I don't know about that because maybe some gamblers have that journal for themselves. But for other people, that will make them sad to see how much their loss compare to their win. Yes, that will depend on the person, and every gambler is free to create a journal or not. I hope you can know that in gambling, the chances will be there, but the problem is we don't know when the luck will help us to recover the loss.

trading and gambling are verry simillar activities so yes both recording stuffs can be done  . if pro people do this idea then why not us that are not really that pro ? this should be beneficial so that you are aware if how much you already loose when the time you started gambling but also lets keep in mind that prices of coins fluctuate or dont have the same value everytime you depo and loose   .  better if you can also track your deposits if what time you made it and the time you play that fund for more accurate calculations  .
Yes gambling is risky same as trading so people may lose and win in it if they will keep the record it may help them reduce the risk. People should know how much they are earning and how much they lost so this estimation will tell them is gambling suitable for them or not. If winning is more than lose then its good to keep gaming other wise you need to learn more about gambling.
Both are risky but gambling is more riskier than trading because it is full of possibilities unlike in trading where you need to havw technical analysis skill wherr you can able to read charts and have decisions in order for you to formulate strategies or techniques that you will use. I do both recording and journaling in both trading and gambling in order for me to know if I'm keep winning or losing.
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April 04, 2020, 04:40:43 PM
 #136

Depends actually on the person itself sometimes if you're really addicted to it, you couldn't stop even after losing so much because there's always this "i have to get back what i loss mentality" but this is not generalization others could change. But i think the key thing to not become a compulsive gambler is to only bet money that is not important to you like savings.
Indeed. It depends to a person if he intends to stop playing gambling, even he keeps or tracks a record of his losses because there are gamblers who doesn't bother even his losses has already reach to millions of dollars because as long they gamble and they are still greedy to earn money they will probably gamble again.
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April 04, 2020, 04:56:05 PM
 #137

Depends actually on the person itself sometimes if you're really addicted to it, you couldn't stop even after losing so much because there's always this "i have to get back what i loss mentality" but this is not generalization others could change. But i think the key thing to not become a compulsive gambler is to only bet money that is not important to you like savings.
Indeed. It depends to a person if he intends to stop playing gambling, even he keeps or tracks a record of his losses because there are gamblers who doesn't bother even his losses has already reach to millions of dollars because as long they gamble and they are still greedy to earn money they will probably gamble again.
Basically keeping a record of losses in gambling is not a way for gamblers to stop, because even losses or bankruptcy will not stop them from gambling. So in this case I think every gambler has his own way to stop and they won't stop gambling if they don't have the intention to stop.

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April 04, 2020, 09:31:26 PM
 #138

Basically keeping a record of losses in gambling is not a way for gamblers to stop, because even losses or bankruptcy will not stop them from gambling. So in this case I think every gambler has his own way to stop and they won't stop gambling if they don't have the intention to stop.
I agree with your opinion, it all depends on one's intention to make something happen.  Just like people who will stop playing gambling, even if people who gamble lose a lot of money and can almost even buy a car if it's counted, I'm not sure they can stop gambling before there is an intention to change their habits.
Because people who are already addicted to it will be difficult to stop, unless they have the determination to not do it again.
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April 04, 2020, 11:58:07 PM
 #139

it all depends on one's intention to make something happen.
Indeed. If someone cannot realize it as his reason to stop, he surely keeps gambling. The chance to stop will be higher if an addict gets attention from their family or friends. Those people who are close to him, must support and advise him to stop. While for severe addiction, he must visit an expert or professional health treatment. In this way, we can do the best effort to encourage him to recover.

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April 05, 2020, 02:36:39 AM
 #140

Keeping a record of your gambling losses will make you sad hahaha LOL. But, still it's not gonna stop you from gambling, stopping on gambling will make difference in every person so it might boost you to get back those losses and bet big or just like you said it might stop you considering that, it will make you sad. For me, there's only one way to stop from gambling and that's like every addiction solution is; little by little, cut the time you are on gambling and focus on the other thing in that way, you are slowly stopping on gambling and that's the very effective way to cure your any kind of addiction including gambling addiction.

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