Re: stop loss??
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i know that a big part of poker is letting your wins go big and cutting you losses short, but i was wondering where is a good point to cut losses, is it a mutliple of bb? or a percentage of your br? sometimes it's frustrating to go below the stop loss because of a particularly bad beat and i was wondering if it's better to quit anyway, or to buy in and keep playing because you know you're playing great...
Atlas
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You're going to get a lot of replies to the effect that stop losses are dumb. And they are to a point. But losing big tends to affect ones play in a negative way. A lot of players are probably in denial about this.
If the game is good and you are playing well then losing is no reason to stop. Its all one big session after all. But if your game starts to deteriorate when you're losing big, then stopping is a very good thing to do. A stop loss can be a good proxy for this. Often times its only after that you recognize that your play started to slip when you got down. If you know that tends to happen at a certain level of loss then it may be a good idea to set a stop loss at that point.
I know that somewhere around 40 BB's down I start to get frustrated. Does that mean I stop? No, but I do start to monitor my play very closely and think about why I'm making calls and bets to try and catch slippage in my play.
--Zetack
edit: I've also moved to having a certain number of hands played goal for my sessions. Since I'm going to play until I hit that number (and maybe longer if the games are really good when I get there) I find that it helps to alieviate the I'm down big pressure, since I'm not paying attention to my results, just my hands played.
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