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You'll want to determine your maximum acceptable loss for different time frames: per session, daily, weekly, and monthly. A common approach is to limit single-session losses to 10-15% of your total bankroll, while daily limits shouldn't exceed 25%. Once you've reached any of these predetermined limits, it's vital to stop playing immediately, regardless of circumstance
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Understanding basic statistical concepts Identifying meaningful patterns versus random variance Evaluating data reliability and sources Using analytical tools responsibly Recognizing personal biases in data interpretati
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