Learning when to stop - My biggest struggle

[Enzo]

I bet most of you can relate to this title.

By far, the biggest problem I have gambling is stopping once I've made a decent profit. I have 2 perfect examples for that.

Earlier today I deposited 400 doge, for some reason I Instantly started betting large, like 50-100 doge on 2x. Within a few minutes I had gone from 455 doge to 8000 or so doge, I don't know what was going thru my head but I decided to keep going. Obviously I should have quit as that's a 17.5x increase in balance. 

Obviously I bust afterwards or I wouldn't be writing this topic. I had another chance however, someone rained about 50k sats on me and some others, I turned that 80k(had 30k already) to 420k and then bust after putting 80k in my vault.

The only correct thing I did was place that 80k in my vault.

I want to know what people do to stop themselves from gambling once they've made a decent profit?

There isn't much you can do that I know of besides vaulting it and trying your hardest to not touch it but I'm sure someone has a good idea so let me hear em! Also if you got a good story like mine let's hear it!

 

[hillowner45]

Our stories are exactly the same lol. It's a vicious cycle of depositing, making insane profit but pushing our luck too far and leaving with nothing. I mean even if you withdraw, you are gonna deposit a portion of it back in the next day because we are all addicted. If you vault it, it won't be in there very long lol. But to withdraw from the vault you need to enter your 2fa. If there was a way to time lock your 2fa then that might be an option. A little time off will help clear your head in making the right decision for the future.

[Enzo]

37 minutes ago, hillowner45 said:

Our stories are exactly the same lol. It's a vicious cycle of depositing, making insane profit but pushing our luck too far and leaving with nothing. I mean even if you withdraw, you are gonna deposit a portion of it back in the next day because we are all addicted. If you vault it, it won't be in there very long lol. But to withdraw from the vault you need to enter your 2fa. If there was a way to time lock your 2fa then that might be an option. A little time off will help clear your head in making the right decision for the future.

2fa time lock would be neat, maybe someone will develop an app that does that?

I know you can download an app that locks certain apps for a time period, maybe I should try locking my Google Authenticator app for 24 hours after depositing to vault? 

That could cause problems with other apps so idk. I know with Android I can run parallel apps, so have two instances of the same app installed but with different data. That could work? Just have my 2fa codes for Stake on the parallel app and lock that one.

[Enzo]

2 minutes ago, iamsheikhadil said:

The key is to not to withdraw "to prevent losses"

If you have this thought in mind that it's better to save than bust, then you are totally in the wrong!

You turned 80k to 420k right?

Maybe after you turned it at 300k and withdrew, would you be able to reach at 420k?

We never know the future. Maybe a couple of more luck, and you would be at 800k!

Hence stop blaming that you didn't withdraw , it was just you got a badluck in between.

I follow the idea "gamble till heart is content, not when heart says stop or bust". 

Doesn't matter what your balance is, once you feel like you don't want to gamble no more then discontinue, not in fear of loss!

That's a great way to look at it but i tend to look at it this way, if I can multiply my deposit by a certain amount, I think that's enough and my luck can only go so far.

I know gambling for long periods of time is a bad idea because the longer you gamble you have a bigger chance of the house edge catching up to you.

[hillowner45]

8 minutes ago, Enzo said:

2fa time lock would be neat, maybe someone will develop an app that does that?

I know you can download an app that locks certain apps for a time period, maybe I should try locking my Google Authenticator app for 24 hours after depositing to vault? 

That could cause problems with other apps so idk. I know with Android I can run parallel apps, so have two instances of the same app installed but with different data. That could work? Just have my 2fa codes for Stake on the parallel app and lock that one.

Hmm maybe try the productive app "stay focused" from google play. For $5, you can lock yourself out from any app completely for however long you want. You can't uninstall it either for the time its active, so its fool proof. I would say i'm a pretty tech savvy guy and I haven't found any work arounds. It hasn't clashed with any others app so far.

[SLFJ]

Hey There Enzo, 

Yeah, I completely agree, putting most of your profits in your vault will help you when you're an untrained quitter, because it sets you off like, no, you have to save that what oyu put there, do not touch it and stuff,

I personally do this when I'm in big profits and keep 10% of my balance when profited, just so if I bust I bust the 10% and not the 100%, so yeah a good strategy there from you and looking to hearing forward what you keep in that vault when the month ends :), good luck in your further gambling.

Kind Regards,

SLFJ.

[Menang]

Well it happened to me too. even though I have won, there is still a feeling of dissatisfaction and want to always play which ultimately causes busted. learn from experience so now I am trying to control myself more when I lose or win

[CntryBoy]

Like you said, I think we all have experienced this .  I used to be the same way and have gotten much better as of late.  When I set a goal going in, I have to force myself to cash out once I reach that goal, or I will do the same and keep going til I bust, thinking my luck will last forever.  It has to be more of a mentality or I will fall back into my old patterns, which never ended well.

[XRP]

I find easy to stop  but never mind losing all as I withdraw what I need and keep what I can lose 😘 best to not put back if lost money with afforded money. I lose much but can afford losing many coins

[nattekut]

Here on stake I mostly play for fun. I even quit depositing money to stake. so I only play daily with what I gather with rains, tips, forum, etc. Since I started doing that I set my daily goal at the minimum withdrawal which I succeeded in about 13 times now which made me about 0.026BTC profits so far. So at least I am recovering a bit of my previous losses.

So lets see how far this will take me 

[BLXN]

I'm always trying to push it another 10x.. I don't know what is wrong with me. Autistic, I suspect. lol

[barbaris]

Once you have made a profit or reached your goal. You need to withdraw money or put it in Vault leaving a small part to continue to build up the balance.

[frims13]

i think you just have to be disciplined and set a quit time for yourself 

[Mackyrivera]

18 hours ago, Enzo said:

I bet most of you can relate to this title.

By far, the biggest problem I have gambling is stopping once I've made a decent profit. I have 2 perfect examples for that.

Earlier today I deposited 400 doge, for some reason I Instantly started betting large, like 50-100 doge on 2x. Within a few minutes I had gone from 455 doge to 8000 or so doge, I don't know what was going thru my head but I decided to keep going. Obviously I should have quit as that's a 17.5x increase in balance. 

Obviously I bust afterwards or I wouldn't be writing this topic. I had another chance however, someone rained about 50k sats on me and some others, I turned that 80k(had 30k already) to 420k and then bust after putting 80k in my vault.

The only correct thing I did was place that 80k in my vault.

I want to know what people do to stop themselves from gambling once they've made a decent profit?

There isn't much you can do that I know of besides vaulting it and trying your hardest to not touch it but I'm sure someone has a good idea so let me hear em! Also if you got a good story like mine let's hear it!

 

Greed will make you really loose, if you think you still wanna go for it, you need to vault at least half of your balance, maximum is 3/4, but you are not alone, a lot experienced that.. just always remember when you play and you want to really be in profit most of the time.. Do the hit and run and stick to it  

[Bimfo]

I am always making the mistake all the time.. In just 1 week I have successfully lost 0.03 BTC twice, after I started from practically nothing.

The last time was a bitter experience, I already switched off my laptop, my mistake was not to deposit everything to vault.

I opened stake on my phone and I started gambling again. It has been a bitter experience though. Because of my greediness. It has really been painful.

I always have that feeling that I can control my greed, I am a big liar to myself. I have finally confirmed that I am a crazy and greedy person.

I always wager all on small payouts and I am always suffering. It has been so so painful 

[wry]

18 hours ago, Enzo said:

The only correct thing I did was place that 80k in my vault.

Good to focus on the good things you did!  You are right, your story is a very common one and you have a lot of company.  For some reason Doge brings out the tilt in me as well, lost 100K on a martinfail one time.  That was enough for me to get it through my head to set a win target, hit it, and quit it!  At least until tomorrow! 

[Lotary]

Yeah, I completely agree, putting most of your profits in your vault will help you when you're an untrained quitter, because it sets you off like, no, you have to save that what oyu put there, do not touch it and stuff,

[wry]

9 hours ago, nattekut said:

Here on stake I mostly play for fun. I even quit depositing money to stake. so I only play daily with what I gather with rains, tips, forum, etc. Since I started doing that I set my daily goal at the minimum withdrawal which I succeeded in about 13 times now which made me about 0.026BTC profits so far. So at least I am recovering a bit of my previous losses.

So lets see how far this will take me 

Stake is a pretty generous site so I expect it will take you quite far!  Not sure how many days it took you to get to 13 cashouts but that is a pretty awesome run and a tidy sum to be gotten from just free money!  Well done!

[kayke94]

yeah  i feel your struggle stopping when ya just on a roll, we all know it will eventually end up in a bust or something but i like the gambling sometimes just a little bit to mutch, 

[Kippo]

20 hours ago, Enzo said:

I bet most of you can relate to this title.

By far, the biggest problem I have gambling is stopping once I've made a decent profit. I have 2 perfect examples for that.

Earlier today I deposited 400 doge, for some reason I Instantly started betting large, like 50-100 doge on 2x. Within a few minutes I had gone from 455 doge to 8000 or so doge, I don't know what was going thru my head but I decided to keep going. Obviously I should have quit as that's a 17.5x increase in balance. 

Obviously I bust afterwards or I wouldn't be writing this topic. I had another chance however, someone rained about 50k sats on me and some others, I turned that 80k(had 30k already) to 420k and then bust after putting 80k in my vault.

The only correct thing I did was place that 80k in my vault.

I want to know what people do to stop themselves from gambling once they've made a decent profit?

There isn't much you can do that I know of besides vaulting it and trying your hardest to not touch it but I'm sure someone has a good idea so let me hear em! Also if you got a good story like mine let's hear it!

 

It was just happened to me two times within yesterday. My target was just 205k satoshi . I started with 7k and 10k to 190k and 160 k but all busted in the end. saving in vault is safe from busting? 

[Joker2nd]

it is very important to know when to stop on this kind of game most of us lost in the end cause we play to much and not knowing when to stop, so we need to keep in our mind when to stop i know the greedy is one of the problem  most of but being greedy is good sometimes  being greedy sometimes give good cost but most of the times greediness makes our balance kill if you think your winning is enough you need to stop for a moment and continue  later or cash out and buy foods !.

[polor12]

is not learning how to stop.. is know when to stop.. you dont need to learn it.. you just need time it basically.. set a goal where you want to reach.. when you reach it then stop.. or use the vault.. put some to side and play what ever amount you need. so if all fail you have money remaining to start over again.. keep doing that process til is second nature. 

[HighDamage]

I try to do Cooling down when I win or lose so I stop playing too greedy, Walk with friends / Listen to the music you like can reduce the effects of Greedy (In my opinion, as long as the song you play is not a Rock song)  

[rajamishra]

hello @Enzo its big problem for us ,we are not able to control our egers to stop in time to stop busting.when you set a target for your goal may be decent or not stopped there and take a break after that start again ,i am succeeded when i follow this but more often i can't control like you and busto almost 90 % of time . A good strategy  tried to follow 

now for last few weeks,every 10k satoshi  send to vault then continue play its works for me tried for it may worked for you too.good luck for get some huge profits on the go.you can set you own target to stored in vault. 

[Enzo]

4 hours ago, rajamishra said:

hello @Enzo its big problem for us ,we are not able to control our egers to stop in time to stop busting.when you set a target for your goal may be decent or not stopped there and take a break after that start again ,i am succeeded when i follow this but more often i can't control like you and busto almost 90 % of time . A good strategy  tried to follow 

now for last few weeks,every 10k satoshi  send to vault then continue play its works for me tried for it may worked for you too.good luck for get some huge profits on the go.you can set you own target to stored in vault. 

I'll definitely try that. The problem is rage betting when I don't win with whats in my balance. I tend to withdraw from vault and just try to recover with that. Usually ends badly sometimes it ends alright.

I appreciate everyones responses!