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Revenge trading

Imamul
Mar 07 2019 at 08:10
562 posts
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
Mar 07 2019 at 12:19
5 posts
Not heard of revenge trading, what is it?

togr (togr)
Mar 08 2019 at 08:08
4862 posts
Teejy88
Mar 08 2019 at 08:30
35 posts
Luckily I never do it, each loss is a learning.

niceGLer
Mar 08 2019 at 08:58
165 posts
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
Mar 08 2019 at 11:39
5 posts
togr posted:
Revenge trading works like this
https://www.myfxbook.com/members/togr/revenge/1143440/4LxpKXSV9AwnXNd12HuU


I appreciate that, thanks.

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

AniLorak
Mar 12 2019 at 07:29
920 posts
When you are facing consistent SL; just close your chart & take a short break! Best medicine for revenge trading.

togr (togr)
Mar 12 2019 at 07:32
4862 posts
It is about NOT being addictive.
Just get your money back and stop.

AniLorak
Mar 26 2019 at 09:09
920 posts
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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