- After winning big, they will set up a loss limit and plan to cash out if it is reached. But the problem is, after hitting the target amount to be lost, they will regret those recent losses and will try to chase it. In the end, no cashout happened.
I did this last night while playing slots.
I managed to hit the jackpot, but I continued playing and set a loss limit.
Once I reached it, I quickly stopped and withdrew my winnings.
I cashed out because I know how to control myself and maintain discipline when the limit is reached.I cashed out because I know how to control myself and maintain discipline when the limit is reached.
Yes, that's the issue for us when discussing self-discipline.
Instead of accepting the loss and cashing out, some chase losses by continuing to play, hoping to win back what they lost.
If we let our emotions take over due to overconfidence, it leads us to keep playing.