Don’t we all know that greed leads to losses in gambling? That greed kicks in when we don’t set a target making us keep playing even when we’re already up, until our luck runs out and we end up losing. Can’t we see that? Maybe that’s the reason we don’t win because we don’t know when to stop.
I’m sure the regular gamblers here have experienced this before -- that moment when you say to yourself, "I should’ve just stopped… I could’ve walked away with my profits."
Who can relate?
If you set stop loss, then why do you need to set winning limit? I mean, isn't it better the more you win? Why should there be a limit. If you have set a loss limit like today I'm not gonna exceed $50 loss and then you win $1000 via the next roll, did you need limit here? Does it matter if you win $1000 or $30,000? Loss limit means you are not going to lose more than X amount of money. If you think about it in percentages, then that's a different thing but I think it's better to set fixed limits, so you won't have to worry further.