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Old 11-21-2005, 07:07 PM
pzhon pzhon is offline
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Join Date: Mar 2004
Posts: 66
Default Re: Rules of thumb for buy-in, bankrolls, etc.

You frequently compare apples and oranges. That is a way to make or rationalize bad decisions.

If you play with the same advantage over your opponents at all times, any stop-loss or stop-win system you make that decreases the hours you play will decrease your expected profit.

Suppose you expect to win $100/day. That comes from winning much more than $100 on some days, and winning much less or losing on other days. Then you decide that you will quit when you hit $100. What will happen? You have given up the times you win $400 in a day. On many days, you will hit $100 and quit. On other days, you will never reach $100. On some days, you will lose. Because of your new system, you will average less than $100.
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