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Only those who can exit when they're ahead are true winners.

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Post time 1-9-2023 11:24:17 | Show all posts |Read mode
I've come across a story: Gambling as Enlightenment

I'd like to share this story with everyone, and the enlightenment within it can be interpreted in various ways...

The American shipping magnate, Harry, planned to pass on his financial authority to his younger son at the age of 23. However, on his son's 23rd birthday, he took him to a casino instead. He gave his younger son $2000, asking him to familiarize himself with the dynamics of the gambling table and learn the tricks of fellow gamblers. However, under no circumstances was he allowed to lose all the money. He repeatedly reminded his son that he must have at least $500 left. Yet, consumed by youthful recklessness, he quickly got caught up in the excitement and forgot all of his father's advice, ultimately losing every cent.

He thought he could recover in the last couple of rounds as his hand was improving, but instead, he suffered an even greater loss. When they returned, the shipping magnate allowed his son back into the casino, but this time he had to earn the capital himself. Perhaps the offspring of successful individuals tend to have better luck. In a month's time, he worked and earned $700. When he reentered the casino, he set a rule for himself: he could only lose half of the money and would leave the table when he had only half left.

However, he failed again.

This time, when he lost half of the money, like many gamblers, he couldn't leave the table. He pushed all his remaining money back in, ending up losing everything once more. Unexpectedly, the shipping magnate insisted that his son reenter the casino, and of course, he had to earn the money himself. Then he said something I still remember vividly: ""The casino is the world's most intense, ruthless, and brutal arena for gambling. Life is like a casino, so how can you not continue?""

This time, he learned from his past mistakes, becoming even more composed and level-headed. When he lost half of the money this time, he didn't hesitate and decisively walked out of the casino. Although he still lost half of the money, he felt a sense of victory within because this time, he had conquered himself!

However, the shipping magnate said something once again that made me contemplate deeply:
""Do you think you enter the casino to win against others? You must first win against yourself! If you can control yourself, you can truly become a winner in this world."" From then on, his son would always set a limit for himself when entering the casino. He would leave the table when he lost ten percent of his money. However, as he became more familiar with the casino, he started winning. Not only did he manage to preserve his initial capital, but he also won a few hundred dollars!

Like many people, after tasting success, how could he easily let it go? Experiencing such smooth sailing for the first time, why would he be willing to walk away? After a few rounds, he won more money, and his funds doubled. This was a situation he had never encountered before. But, suddenly, the situation turned unfavorable, opponents raised the stakes, and he ended up losing everything. If he had heeded his father's advice and left at that moment, he would have been a winner. Unfortunately, he missed the opportunity to win and lost once again.

From this story, what have you realized?

I've come to realize... only those who can exit when they're ahead are true winners.

How many people fail not because they don't understand the rules, but because they can't control their emotions and desires!
Being able to manage emotions and desires often means holding the key to success.
Only those who can exit when they're ahead are true winners.
Restraining human nature is the fundamental step on our gambling journey, even if we deeply analyze the playing field, the situation, and the strategy.

Without strict discipline, it's all in vain and meaningless.
Whether it's being a person, handling situations, or playing games,
Let's draw inspiration from this together.
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Post time 1-9-2023 15:29:03 | Show all posts
Exercising the discipline to cash in on success isn't an easy feat...
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Post time 4-9-2023 02:39:05 | Show all posts
You're absolutely right. Being able to exit when you're in profit is what defines a winner, but few manage to achieve it.
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Post time 4-9-2023 03:05:37 | Show all posts
Why exit when you're in profit? This story can only be taken as a story. Would his son sell the company when it's making a profit?
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Post time 4-9-2023 03:31:45 | Show all posts
Unfortunately, I never had a winning moment; I started losing right from the beginning.
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Post time 4-9-2023 03:57:34 | Show all posts
There aren't many who can truly achieve the ability to take profits and exit when things are going well.
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Post time 4-9-2023 06:42:08 | Show all posts
It's during ebb tide that you can find out who's skinny-dipping.
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