Re: Risk of Ruin
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Thanks for your post. Tell me how you clearly and unambiguously define your risk per session without employing a stop loss. Is there some other way?
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The is no way to (assuming clearly and unambiguously implies accurately, too.) (Well, you can see when you are playing badly or are outclassed if you are able maintain objectivity, but purely by results you cannot know why they are for a session, the standard deviation is too big and the variables myriad.)
Some things I do is watch my play and if I see myself making clearly bad plays for no good reason I quit. I don't play when really tired any more. Also, right now, I am doing a tour of sit and goes, which have a fixed limited down side. When I play no limit, I generally will stop if I have lost a couple of buy ins if I did not lose them on draw outs after all the money went in.
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