having a bad day?

[roger]

When you know that you have a bad day? I mean sometimes it's up and down, and eventually you lose more than  intended.
The next day the same story but you win big time, how you deal with those situation??
Do you set guidelines?

[admin]

When you know that you have a bad day?

For a lot of time now, with 500-unit banks or less. If I'm down 50% of my buy in and NEVER was at least +1 up for this session, I call it a bad day. I simply deny myself to risk the other 50% of my buy-in in a clearly negative tram. I won't continue, better to save that 50% to help another bank in a good tram rather than fightig a "session from hell". One thing you learn once you are seasoned is NOT TO FIGHT ROULETTE. You *RIDE* roulette, so where it goes you react accordingly, and believe me: when it goes clearly DOWN, you better not try to be a hero and risk. [highlight]The bigger risks should be always taken in a positive tram[/highlight].



There are also fluctuating days, when I just can't get past a new high.

I do several tries and it it simply can't be done, then [highlight]I also call it a day when by the course of those fluctuations I'm close to the high-point[/highlight]. I know how roulette goes and if trying over and over to pass session high when the machine doesn't want, then the result of overstaying in a fluctuating day is to lose. Plain and simple.



Morality:
- If you have to take risks, take them in a positive tram.
- Avoid trying to become a hero in a clearly negative tram, since you do not know for how long will it extend.
- When fluctuating, it is OK to make a few tries, but do not overstay. The result of getting stubborn and overstaying is always the eventual dispersion of hits in a swing against you; rather, when you are fluctuating heavily, gracefully quit as close to the high-point of the session as possible. What guidelines for it? You know you are "starting to ride the wave down" when after winning, you start losing. Simple as that, pack your stuff and go after the first losses.
How many tries before leaving? That's up to you. But a good indicator is when you start to get frustated... Be careful, and be wise. In case of emergency "break the glass" and go to the exit; do not overstay and hit the wall.

Best regards,

Your friend.
Victor

[Arteinvivo]

Well said comrade Vic,

I would also add you need to get to know your own gains/losses signature in terms of patterns. People forget that a tendancy not only applies to the current series of decisions but also to your current series of wins/losses. If you don't collect your past results then you do not know your signature and not knowing this aspect you won't know how to react. In short, learn to know your own fluctuation or variance. For some the curve of their profit/lost is quite smooth while for others there are many peaks and valleys.

[Arteinvivo]

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