Originally Posted by
Reyth
I don't want to buck any conventional wisdom or ruffle any respected feathers but as far as stop loss goes, I consider it an essential part of winning and I personally think that statistics have a lot to say about how to create effective stop losses. However, a stop loss does not exist in a vacuum, just as every other part of our winning methods and there are many ways of possibly applying them.
Swing and a miss strikkkkke two. First, it was about streaks when you wrote the following in post #1
"So, I am a programmer and I can create a blackjack session simulator to analyze the worst streaks of losses and their probability and I guess that's what I need to do if I want to learn this information?"
Now with the first above quote you could easily be interpreted as saying that players should quit playing in the middle of a negative session to have effective stop losses and that you think statistics will prove it? Once again you are barking up the wrong tree. Smart blackjack players adhere to strong money management principals as well as the risk of ruin formulas and will resize accordingly. Some professionals play to an almost zero risk. Please clarify where you are going with all of this.
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