Monthly Archives: October 2019

Being An Active Winner And Loser

Some people believe trading is like gambling. It’s not. In gambling game, you have to participate to lose and do absolutely nothing to stop losing. If after one bet you don’t put another bet on the table, you will not lose. There is also no way you’ll win. But, at that point (if you don’t place another bet), there will be no risk. Obviously, in trading it’s very different. You must participate to get in trade and you must participate (in other word do something) to cut your losses. If you do nothing, the possibility exists that your entire account can be wiped out. And even that won’t stop your losses if you still do nothing.

Although, at that point, your broker will most likely participate for you by getting you out of market. In gambling, you know exactly what your risk is and the game always ends before the next one starts. But in trading, you don’t know beforehand exactly what your risk is. (You may have an idea, but even with stop orders there is always the possibility of slippage.) But the real big difference between gambling and trading is the event never ends as the market keeps moving.

A good example of an active winner and loser might be a person playing blackjack at a casino. You must make conscious choice to play and risk your money. And when the game is over, the rules force you to be an active loser. If you want to play and risk your money again, you must place another bet. Without another bet, you can’t be a loser again. You must actively participate to lose and do nothing to stop losing, the exact opposite of trading.

This is why (in Trading) being an active winner and an active loser is so important. But because the event never ends, it’s easy not to be active winner or loser. There is always the possibility (no matter how slim) of the market coming back in any trade you are in. You don’t need to actively participate to get back your losses, you could simply stay with the trade and let the market come all the way and give you back your losses.

Because of this reality, there’s always a constant temptation not to cut your losses. Cutting losses for many traders is painful. So many choose to avoid the pain and not be an active loser. They simply think they are in a winning trade that is yet to show profit. Or we will look at only the evidence that says our position is right and ignore the rest of the evidence against that notion. These are obviously the traits of someone who is not an active winner and loser.

But being an active loser (as well as an active winner) is the only way to be successful. Again, the temptation to not cut your losses is always there. But it will do nothing but get you in trouble. Successful traders know that cutting your losses actively, before they get too large and unmanageable is the only way

How To Become A Better Gambler

Improving gambling skills is focused on the following key aspects:
• Playing with money that is affordable to be lost
• Playing within the limits of bankroll
• Having a pre-set loss threshold
• Improving expertise in one casino game and then improving skills gradually in the rest of the games
• Playing with a detailed plan of betting systems
• Pre-decided about how to deal with certain situations in gambling
• Revising approaches over again and checking out on what went wrong and correcting it the next time
• Never playing drunk or tired
• Money conscious
• Understanding the degree of risk associated with each bet and then playing them accordingly

In this context, the idea of play more does not mean simply spinning the roulette wheel over again and again with mismatched bets and playing the slots over and over again through the multiple bets.

Whatever kind of casino game you choose to play, you are going to have a certain order in which they can be played. You have got to be focused on the different kind of bets that you can use in the game and you should be aware of the payoff percentage applicable for it.

You got to have a kind of betting decision for the kind of stakes you will be playing with. The kind of bets that you play in the game should be apt for the bankroll that you possess.

Being a Jack of All Trade and Master of Nothing can be dangerous in gambling. You got to niche yourself to be a better player in one form of gambling. Mastering one form of casino game is the key to making profits in gambling. You can play all games; however, when you go low you need to have a sure method of expertise in one game to which you can go and make some profits and balance the overall number of profit and loss in different gambling games to balance and stay in a profitable state.

When you have the persistence to become an expert in one game, then the rest of the tricks and betting systems and matching and combining bets in different games would come easily. Several players do not have the patience to stick on to completing one game they rather switch off between games and eventually do not develop expertise in anything at all.

Becoming a better gambler comes with persistence and practice in one type of gambling game and eventually becoming a skilled expert in the game. Once you are confident of one type of gaming, the rest of the gambling logics are going to be the same. Also, you will get a hold of money management ideas and you will become good in learning how to manage money with respect to a focus on one game. When once you have tasted the goodness of victory with money management you are not going to get addicted. When you are not addicted you are indeed a better gambler.

High Roller Gambling – Finding The Best Gambling Sites For Big Players

Just like in real life casinos, high rollers in online casinos also get lavish comps and VIP service. Although you dont get comped hotel rooms and meals like you do in Vegas, online casinos comp free money, merchandise and special gifts as a thank you for your loyalty. Some online casinoshave private loyalty programs for their biggest players, to ensure you get the maximum possible reward for your play.

Life as a high roller in the online casino is much the same as in bricks and mortar casinos. Most high rollers play table games and you need to find a casino which offers high limit table games. If the table limits are lower than you are accustomed to, some casinos will raise table limits so ask the VIP manager if this is possible. This doesnt not just apply to table games it is also possible to raise the stakes on slot games and videopoker.

Bonuses and free money are frequently given out to high rollers, and you can choose whether or not to accept free money or not. Comps are generally cashable, but bonuses may come with restrictions and wagering requirements, and occasionally there may even be a maximum withdrawal so check the terms and conditions before accepting a bonus. Some casinos add bonuses automatically, others use coupon codes and some credit bonuses manually. If a bonus you do not wish to accept is credited to your account you can ask for it to be removed.

For the high roller, online casinos can offer even bigger rewards than their bricks and mortar counterparts. The progressive jackpots in many online casinos often run into millions, and have been responsible for making many players instant millionaires.

If you are a highroller, you deserve a casino that treats you {in the manner you deserve|like a VIP]. At highroller casinosyou will find some of the best casinos and gambling sites online, who are guaranteed to give you the very best service. Make your next online gambling experience first class by choosing one of these safe and trusted online casinos.

Playing Free Poker Online

Poker used to be a game for the male generation only. Often found in poker clubs, these gentlemen gather once a week to play poker. Some do it for fun and as a social way to get together, while others do it for money, where real cash is at stake. Nowadays, aside from being played by literally, anybody, poker at best, offers the convenience of playing it online, thanks to evolution and innovation intervention. What used to be a game for specific adults had become a game that can be played by the young generation and the female generation as well. Moreover, one gets to play with online players from all over the world. Poker has changed a lot since!

The advent of technology allowed poker and other casino games to be played within the comforts of your home. This means that you don’t have to dress up to go to a casino or poker club, pay for a cab to get there, buy some drinks and snacks while playing and take a cab back home after the game. Not only you save a lot on these expenses, you also don’t stress yourself too much worrying about the other players or the casino crowd, etc. You can play poker at a convenient time when you feel you need a diversion from house chores if you are a stay-home mom or dad, or just about any time you feel like playing the game. And because it’s online, it’s practically any time of the day or night. If your desktop is in your bedroom, you can play while resting on the bed. The convenience is just too hard to ignore.

While some play poker as a gambling form, many who choose to play online poker do so because they want to have simple fun. And the best part is that you can play free poker online – no cash involved; just the game and having fun. But playing cashless poker online also serves another purpose, and that is to provide the player ample playing experience before playing poker for cash. Because playing is allowed at no cost, the player can play as many times as he wants using play money instead of real cash. This gives the newbie players to practice more and enhance their skills at poker without spending any money. Playing poker with play money is not available in offline casino or poker clubs. It’s only offered in online casino sites.

When a player has had enough practice games, he might feel he is ready for the challenge of winning some real cash and money. This is when he will shift from a free poker online player to a real moneyplayer, meaning you are looking at the chance of winning some real money out of the game. Beginners will obviously start with small bets as they try and adjust to the feel of the real game. At this point, their confidence is still a bit shaky so they really don’t have to rush into betting big time. As they build their confidence and adjust to the pacing of the game, they will be able to progress into games that will open up more opportunities to win bigger cash prizes.

Most casino or poker sites look out for beginner players who log in to their site to play for real money for the first time. Because of stiff competition, many casino sites think of creative ways to attract new players to try their site and hopefully stick to their site for a long time. What they practice, which most casino sites do, is to offer some sort of a bonus when the player makes their initial deposit to be able to play poker. All poker rooms offer this – a standard deposit bonus, which can be used to build the player’s bankroll. It can also be in the form of a free poker money bonus – an amount automatically added to the player’s account after making the initial deposit.

Standard deposit bonus is given to the player after making the initial deposit, or more correctly after satisfying site’s conditions. The bonus amount will depend on the deposit amount. Different poker rooms or casino sites have different regulations and policies on standard deposit bonus. But to illustrate, if a player makes an initial deposit of $100 and the poker room offers a standard deposit bonus of 100%, an extra $100 will be added to the player’s account. However, each site has a maximum limit to the bonus amount. Some sites require the player to play a game before the deposit bonus is released to the player’s account, or other sites have a requirement on the number of points to accumulate to get the bonus money. For this reason, it is important that the terms and conditions that go with standard deposit bonus offered by the site are clearly understood.

On the other hand, the free poker money bonus is automatically added to the player’s account without the need to earn or accumulate points or play an initial game. The bonus amount will also depend on the deposit amount, or it can be a fixed amount. This bonus money, unlike the standard deposit money is guaranteed to be in the player’s account right after a deposit is made. But like the standard deposit bonus, the player should make sure that all terms that go with the bonus are clearly understood.

Playing poker online can be a good way to have fun, but people with gambling problems should avoid engaging into the online game. While some people don’t consider poker as a gambling game, the risk of losing plenty of money is there. And for those with gambling problem, it can be tempting to try and make money, which if not successful will only result to getting deeper into the game until the losses are no longer recoverable. Poker is also not recommended for people who possess no patience, as it is an important aspect of the game and not having it could lead to regrettable decisions later on. Online poker players for real money should adhere to responsible gambling guidelines.