Quote from: South Park on Today at 09:27:36 PM

Quote from: Blitzboy on Today at 12:25:11 PM

Limitations are absolutely important whether you are betting on a friendly poker game or the stock market. You run risk of money, sanity, and peace of mind without restrictions. That is greater worth than winning streaks. I have traded and invested multiple times, thus discipline is quite important. Recognise and respect your limitations. Let not feelings rule. In terms of money and life, you lose great amounts.

It takes self-control to know your shortcomings and stop them from dictating you. Your money and yourself merit respect. You know, what? Fun is also really vital. Gamble for enjoyment rather than fear and regret.

This is the right state of mind, but there are not many gamblers that think like this, since they see those limitations as a way to restrict their fun and they do not know how to function within those limits, so instead they prefer to gamble as freely as possible thinking that it is not possible for them to lose that much money anyway, and those are the people that are the most susceptible to losing huge amounts of cash, as they will not realize this happened until it is too late to do anything about it.

Things starts gradually, so as addictions. When a gambler thinks he can gamble without becoming addicted to it, there might be a time when he will not know how he started gambling as never been before. Sometimes a lot of gamblers do t have the opportunity to set a specific amount for their gambling life's, so they just thinks that they won't gamble excessively because they knows themselves. Knowing that gambling is not a good place to make profits helps a gambler to know that it's also good for a gambler to risk low amount of money. However, not knowing how risky gamble can be is also risky, which means a gambler who's new to gambling should not know what gamble is before gambling.