I am a person who chases losses until I spend all my savings. It was a bad condition for me. I did that when I was new to gambling. I don't have enough experience yet so I keep chasing losses and increasing the bet so that one win can cover the previous loss. But what I did was wrong, chasing losses made me lose more money. I realized it too late, and only realized it when all my savings were gone. This was a bad but valuable experience for me
This does not surprise me at all because I have been in that situation before. My case was even worsened by the fact that I increased the stake hope that one win will cover all the loses. It was as if I was under a spell; I continued gambling until I drained my account. I don't mean my gambling account but my bank account because because I was making deposit after I lose everything in my gambling account.
Chasing losses is not a habit a good gambler should have, it does not always end well. I learnt the hard way and ever since I stopped it, I have made remarkable improvements in my gambling.
Chasing losses is a regular occurrence that happened with most gamblers, I also experienced it when I was a binary option trader it's a gambler nightmare and indeed a very bad habit at that point most gamblers can't control their emotions, however now personally I funded my account with the amount of money I can afford to lose out of my monthly income and once that fund has been expended that is the end for that month, though later I was able to control that habit unfortunately it has dealt a big blow to me on several occasions, now once I pick my accumulated bets and stake with a small amount of money I wouldn't bother again whether lose or gain.