Yes, you are not in the right mindset because all you want is to get back the money you lost and in this situation, your money will be used up especially if you rush into the actions you are doing. We are talking about gambling here, it is difficult to recover the loss when it comes to gambling. That's why it's called gambling because we don't know what will happen, we just hope for luck. So let's think carefully, be calm in any situation so that your money doesn't run out. Because if you rush and anger dominates you and you don't control your emotions, you will just run out of money.
It is indeed that the person who is chasing losses in not in his proper mind set. It is highly possible that he is engulf with worries that he will be lacking fund in the next day so he tried his best to recover his losses that ends up losing more money to gambling.
No matter how much we had lost in gambling we should cool our head and retain our sanity because chasing losses is proven to be devastating especially when luck isn't in our side.