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.
It can take a person a few tries before they get it right and they may chase their losses a few times before they learn their lesson, but this is a lesson that most gamblers eventually learn as it is such a common mistake, however there are a few gamblers out there that never learn their lesson and despite losing several times in a row they decide to keep gambling hoping for one day to recover the money they have lost, and unfortunately for them that day most likely will never come.