Quote from: libert19 on Today at 02:44:52 AM

Quote from: Moreno233 on June 12, 2024, 05:01:07 PM

Whenever I win, I usually feel this strong urge to gamble more and also increase the amount I'm using to gamble. I do fall for this urge most times and the result is always disastrous as I end up losing the money I won with great pain and regrets. The only time I can say I have won is when I make withdrawals and possibly use the money for something else. As long as the money is still in the platform, there is a high chance of using it to gamble more. I decided to create this topic to see how other people manage their winning in gambling. If I notice a better approach, I will switch immediately as I don't want to continue experiencing the pain of winning and later losing the money again.

Yes, it's similar to paper profits in trading, and I've had similar thing happen to me in trading too, I'd rotate the earned profits (equivalent to winning bets) into different coins (making another bet) — and results were equally disastrous.

Regarding managing winnings, you know what to do (i.e, make a withdrawal), it's good as it gets.

If we talk about profit and loss then yes everything will be the same, but actually both have differences in how they work because in gambling we cannot really analyze whether the losses and wins we will get but in trade we can predict everything clearly.
It just that in these two activities it does require self-control and also limitations in determining the use of profit money, there are also several conditions that need to be considered lot in making decisions so that everything will come back to how each person attitude is.

One small example of good management when getting win is to withdraw some capital along with some of the profits and only leave few to play or bet again.
However, you still have to see what opportunities there are and be careful in determining what to take next, it is best to stop for moment and start again when you have calm and comfortable mind.