Should You
Set Stop-Loss Limits?
The same logic applies
to stop-loss theory. If you plan on playing again and believe
you can beat the games, is there any real difference between
quitting now and quitting later?
We don't think so.
If the games is so tough that you think you can't win, you
shouldn't play in it at all. If all the other players at
your table are more skillful than you, it's time to find
a different games. Even if you've been on a hot streak beating
that games, you can expect to eventually go broke playing
against better players, and it makes absolutely no difference
whether or not you practice money management. But if you're
a favorite, it usually pays to keep playing, regardless
of whether you're ahead or behind at any given moment.
"So when doesn't
it pay to keep playing?" you might ask. Here's our
answer: When you'd be shirking important commitments, or
when you've lost so much that you can't keep playing without
wagering the rent money, you'd better call it a night. Or
if you're so whipsawed from losses that you're drained and
psychologically beaten down, a good night's sleep will restore
your equilibrium. You need to be on an even keel to play
sound, winning poker.
