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Revenge trading
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Imamul

Member Since Aug 09, 2017  393 posts Imamul Mar 07 at 08:10
Revenge trading is the foremost symptom of emotions which is mainly considered the reason for losing in Forex. We have to control this common human nature by proper trading discipline. But cannot remove completely at all.

harryPIPS

Member Since Mar 04, 2019  5 posts harryPIPS Mar 07 at 12:19
Not heard of revenge trading, what is it?

togr

Member Since Feb 22, 2011  4515 posts vontogr (togr) Mar 08 at 08:08

I like what I trade, I trade what I like
Teejy88

Member Since Jun 10, 2017  33 posts Teejy88 Mar 08 at 08:30
Luckily I never do it, each loss is a learning.

niceGLer

Member Since Dec 28, 2013  155 posts niceGLer Mar 08 at 08:58
harryPIPS posted:
Not heard of revenge trading, what is it?


'I need to get it back. Now!' - style of mentality. After losing a big chunk of money a strong need of winning lost money back. Increasing lot size considerably. Related to the martingale strategy. Sometimes works but most often not. Results to even more losses.

harryPIPS

Member Since Mar 04, 2019  5 posts harryPIPS Mar 08 at 11:39
togr posted:
Revenge trading works like this
https://www.myfxbook.com/members/togr/revenge/1143440/4LxpKXSV9AwnXNd12HuU


I appreciate that, thanks.

Treeny

Member Since Feb 08, 2019  84 posts Treeny Mar 11 at 07:24
Don't do it, get up if you want revenge a go for along walk

AniLorak

Member Since Apr 18, 2017  813 posts AniLorak Mar 12 at 07:29
When you are facing consistent SL; just close your chart & take a short break! Best medicine for revenge trading.

togr

Member Since Feb 22, 2011  4515 posts vontogr (togr) Mar 12 at 07:32
It is about NOT being addictive.
Just get your money back and stop.

I like what I trade, I trade what I like
AniLorak

Member Since Apr 18, 2017  813 posts AniLorak Mar 26 at 09:09
togr posted:
It is about NOT being addictive.
Just get your money back and stop.


I think; after losing a huge amount traders need to allow a short break; minimum 1 hour.

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