What is stop loss strategy?

[RiqueSantos]

For some people, the stop loss can be a temporary solution to any problems poker and variance. You can set a stop loss 3-4 buy-ins per day. You can also create exceptions and / or variations in your stop loss strategy, for example, if the games are good (with many fishes and donkeys) you can slightly increase the buy-ins number of stop loss, as if games is full of regular and good players, it would be interesting to reduce this number.

 

[YKCaiTLH1314]

For live game, i usually bring 3 buy-ins only. Good thing about the only Casino in my country doesn't have credit card service, which our government disallowed it. So, for self discipline, on 3rd bust, i'll head home.
As for online, i play very mirco though, 2NL-5NL. Whenever i got busted, i'll lever that table. And usually i play only 2 or 4 tables maximum.
I personally feel that it is so much easier to get tilted playing online.
Live game is manageable for me to control.

 

[Lena M]

Hello.
If the player is unable to control his own emotions, then such a stop loss strategy can be very useful. For me, the best option to stop the loss is a short break and meditation.

 

[muse713]

Stop loss set at 3 buy- ins/day

 

[alfiyka]

I usually enter the game with the minimum amount.I will lose - it is not terrible and it is not a pity.Half the time, I raise a few buy-ins.

 

[Evan Jarvis]

For live game, i usually bring 3 buy-ins only. Good thing about the only Casino in my country doesn't have credit card service, which our government disallowed it. So, for self discipline, on 3rd bust, i'll head home.
As for online, i play very mirco though, 2NL-5NL. Whenever i got busted, i'll lever that table. And usually i play only 2 or 4 tables maximum.
I personally feel that it is so much easier to get tilted playing online.
Live game is manageable for me to control.

I tend to bring enough money for 8 buyins when I play live poker, but only buy chips with 4 of them. My general feeling is that if I burn through 4 buyins I'm probably not playing my best game and thus I have to really think about it (go turn the cash into chips again) if I want to keep playing.

If however I just bought all the chips right away, it would be too easy to keep topping up even when things are going poorly.

That being said, despite bringing 4 buyins I rarely even need to go into my 2nd or 3rd buyin because my small ball strategy generally has been building up slow and steady and having the best of it if/when I do play big pots.

Because of the emotional swings of poker, and the desire so many players have to 'get even' when things don't start off all that well, I think having these systems in place to make it difficult to put all your money in play are essentials. Emotions can be one heck of a trip!

 

[YKCaiTLH1314]

I tend to bring enough money for 8 buyins when I play live poker, but only buy chips with 4 of them. My general feeling is that if I burn through 4 buyins I'm probably not playing my best game and thus I have to really think about it (go turn the cash into chips again) if I want to keep playing.

If however I just bought all the chips right away, it would be too easy to keep topping up even when things are going poorly.

That being said, despite bringing 4 buyins I rarely even need to go into my 2nd or 3rd buyin because my small ball strategy generally has been building up slow and steady and having the best of it if/when I do play big pots.

Because of the emotional swings of poker, and the desire so many players have to 'get even' when things don't start off all that well, I think having these systems in place to make it difficult to put all your money in play are essentials. Emotions can be one heck of a trip!

For live game, i don't have the habit of topping up to maximum, furthermore i sit with max buy-in which is $4000 on a 5/10 table.
When playing live game, i'm a typical ABC NIT and a small baller like you did.

So far, i have yet to touch on 3rd buy-in. Even after a second bust, i stop. That 3rd buy-in is just in case there's a big whale around which i can't resist going after him....lol

By the way, i have read your articles before. Learnt alot from you so....THANK YOU Evan.

 

[alfiyka]

When good players play it is very rare to win a lot. But what a pleasure you get at the same time!р

 

[zinzir]

For live game, i don't have the habit of topping up to maximum, furthermore i sit with max buy-in which is $4000 on a 5/10 table.
When playing live game, i'm a typical ABC NIT and a small baller like you did.

So far, i have yet to touch on 3rd buy-in. Even after a second bust, i stop. That 3rd buy-in is just in case there's a big whale around which i can't resist going after him....lol

By the way, i have read your articles before. Learnt alot from you so....THANK YOU Evan.

I can't think of how a big whale would end up at a 5/10 table, unless it somehow beached itself there

 

[YKCaiTLH1314]

I can't think of how a big whale would end up at a 5/10 table, unless it somehow beached itself there

I have no other choice of legal place to play. In my country, there's only 1 casino that have 5 tables ranging from 5/10 to 50/100. That is 1 SGD about 0.80 USD.

 

[rikisrakis]

I think ideally, having a solid BRM strategy and sticking to it should be enough to mitigate losses without having to cut yourself off after a certain point. But this makes two assumptions:

- You are not a losing player at your current stake level
- You do not tilt significantly during a losing streak

I would argue that simply stopping in the middle of a bad run will only mitigate your losses if one, or both, of those things are true. Otherwise if you simply follow your BRM religiously you will eventually catch an upswing.

 

[zinzir]

I have no other choice of legal place to play. In my country, there's only 1 casino that have 5 tables ranging from 5/10 to 50/100. That is 1 SGD about 0.80 USD.

My friend, you misunderstood me. I was just joking that big whales aka very rich people who like to gamble, don't usually play 5/10 tables, that's all. It was intended to be a funny play of words, that's all. Good luck and all the best

 

[scubed]

For some people, the stop loss can be a temporary solution to any problems poker and variance.

I use 3 buy-ins. I think that if I am down 3 buy-ins even if I don't recognize that I am affected mentally, I am.

 

[vzmoney]

like this

I tend to bring enough money for 8 buyins when I play live poker, but only buy chips with 4 of them. My general feeling is that if I burn through 4 buyins I'm probably not playing my best game and thus I have to really think about it (go turn the cash into chips again) if I want to keep playing.

If however I just bought all the chips right away, it would be too easy to keep topping up even when things are going poorly.

That being said, despite bringing 4 buyins I rarely even need to go into my 2nd or 3rd buyin because my small ball strategy generally has been building up slow and steady and having the best of it if/when I do play big pots.

Because of the emotional swings of poker, and the desire so many players have to 'get even' when things don't start off all that well, I think having these systems in place to make it difficult to put all your money in play are essentials. Emotions can be one heck of a trip!

This is soilid advise thanks for sharing I may have to try this strategy

 

[vzmoney]

true

I use 3 buy-ins. I think that if I am down 3 buy-ins even if I don't recognize that I am affected mentally, I am.

I agree the other night I lost 4 and it just wasn't my night time to go

 

[YKCaiTLH1314]

My friend, you misunderstood me. I was just joking that big whales aka very rich people who like to gamble, don't usually play 5/10 tables, that's all. It was intended to be a funny play of words, that's all. Good luck and all the best

Oh i see, i'm not offended, none taken.
In Singapore there's no other place to play. The only 1 casino (Sentosa Resort World) offer smallest stake is 5/10 but there's lot's of tourist during the weekend. Recreational player who will buy-in like a couple thousands and play very LAG or NIT style.

There's this one time a tourist from Kuwait, a mega whale, keep buying in with max $4000. He is so 'Readable' and losing like crazy. I counted 7 buy-in from him 7x$4000 and every single regular on the table waiting-list was like cursing and swearing that they want to be on the table...lol

 

[antonis32123]

With the exceptions of my first ever cash games and some extremelly tilted sessions , I would play 2 buyins at the most every day if I decided to play cash games . The reason is that i am not a good player , plus I get tilted easilly with continunous losses .