Actually
$50K less than a million!
$50K less than a million!
your up 13k and have a bankroll of 28k.your top bet is only 200??.why do you want a stop loss?better yet-why are we even having this conversation.your better off then most of the people here.
I say they are a "good thing." I use a "trailing" stop loss all the time.
In theory, if you're counting, hours should allow you to recoup any losses.
But in *practice*, I find there is no way to escape the emotional toll of losses. I doubt anyone is totally immune from this effect. And I firmly believe it has an effect on your play, whether you realize it or not.
I look at it this way: I come to the table prepared to lose "X" units max. Not a *net* loss of "X" units, but "X" units, period. I figure if they can take "X" bets from me, then they can take 2X, 5X, 7X or 70X. Perhaps I'm overtired without realizing it, or unable to focus for some other reason. Or maybe I'm dealing with a really bad "statistical abberation" (i.e., bad "luck").
Also, if the table is really that bad, it is unlikely that another table will be equally bad, and the probability is high that different table will be rather better.
With the "trailing" stop loss, if I get "X" units ahead, the worst I will allow to happen to me is to leave the table even.
If I get "2X" units ahead, the worst I will allow to happen is to leave the table "X" units ahead.
IOW, I will allow a drop of "X" units from my *peak* (which includes a peak of zero on those rare occasions when I never get ahead at all), but not a penny more.
I always take a break of *AT LEAST* 20 minutes *out* of the casino and away from the tables, preferably involving some physical activity, such as going out in the fresh air and walking a bit, whenever I hit the trailing stop loss. This helps me think about what happened and why it happened, and about any mistakes I might have made and how they might have been avoided.
Once my mind is clear of the negative effects of the loss, I'm better prepared, both mentally and emotionally, to go do battle once again.
This tactic works for me -- sometimes seemingly like magic -- but everybody's emotional makeup is different.
Before adopting this tactic in 1995, I used to experience some rather wild swings. But since adopting the Trailing Stop Loss, the results have been both nicely positive and remarkably consistent. I have not had a losing trip since 1995. Not all the wins have been big (one time, I got home with a net win of all of $12.50, and felt damn lucky to have done that after having been down quite a bit), but a win -- *any* win -- is better than a loss.
Seems I've read that somehwere.
found that adjacent cards had a 47% chance in single deck of being within 6 or fewer cards after a standard shuffle. What this means is that you might be able to use this information to predict the appearance of certain cards (perhaps Aces) but aside from that there was no chance in overall win rate or expectation.
Professional BJ Page 230 "Some people are concerned that in some diabolical way the casino shuffle works to their disadvantage. There is no evidence in this study to support such a notion."
Regarding Shoes...see page 248 "Table 97 indicates that winning or losing in the previous shoe does not foretell winning or losing in this shoe, even if the cards are not shuffled and the number of players does not change. There is no such thing as streakiness if the cards are never shuffled. Streakiness does not exist at the two extremes, when cards are well shuffled and when they are not shuffled. Since streakiness does not exist at both extremes, it does not exist between the extremems...That is, streakiness does not exist, regardless of the amount of shuffling."
Yes, blackjack has streaks, but it is no more or less streaky than any other game of chance (baccarat, roulette, etc).
