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Revenge trading
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Rohtas

Member Since Aug 08, 2019  7 posts Rohtas Aug 08 at 11:50
I had a similar problem to revenge trading because I did not use a stop loss. I held a trade open but when it turned red I did not close it I kept it open hoping that it would go green. It never did and wiped out my account. I had take a month off after that to reset. i use stop loss now

togr

Member Since Feb 22, 2011  4513 posts vontogr (togr) Aug 08 at 12:10
Rohtas posted:
I had a similar problem to revenge trading because I did not use a stop loss. I held a trade open but when it turned red I did not close it I kept it open hoping that it would go green. It never did and wiped out my account. I had take a month off after that to reset. i use stop loss now


Well you broke all the rules of trading so results corresponds to that.
Try to do it opposite next time, close trade when it is red but keep it open once it is green
As result you should see some profit

I like what I trade, I trade what I like
Madalyn

Member Since Jul 14, 2019  29 posts Madalyn Aug 08 at 18:15
Imamul posted:
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.
What is revenge trading?

Adribaasmet

Member Since Aug 27, 2017  739 posts Adribaasmet Aug 23 at 17:33
Suppose; you got a SL by a sell trade then open a buy trade immediately without market study!

jaredtaylor

Member Since Aug 05, 2019  26 posts jaredtaylor Aug 31 at 05:39
Revenge trading occurs mainly by the fear of being wrong. It happens when a trader decides to trade even more aggressively in his/her next trades because of losses he has been incurring.

AmDiab

Member Since Apr 18, 2017  590 posts AmDiab Aug 31 at 20:50
jaredtaylor posted:
Revenge trading occurs mainly by the fear of being wrong. It happens when a trader decides to trade even more aggressively in his/her next trades because of losses he has been incurring.


Anger; & lack of trading knowledge! Basically it’s a very common problem by the new traders!

Professional4X

Member Since Jan 05, 2016  1134 posts Professional4X Sep 01 at 20:33
Madalyn posted:
Imamul posted:
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.
What is revenge trading?



Revenge trading is when your emotions start guiding your trading such as when you've experienced a number of losses and you're angry. Then you decide you're going to suddenly win it all back with yet another trade that you shouldn't be opening, and say for example you make this new trade an absurd size so you can instantly win back all your losses. The reality is that you are probably going to blow the account out because you aren't trading using a realistic strategy.

Emotional control, risk management, and automation when possible will help discourage revenge trading.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Merrill

Member Since Aug 27, 2019  7 posts Merrill Sep 02 at 12:13
Automation is a great way to stop revenge trading. It takes the man out of the problem. No emotions for computer code.

Madalyn

Member Since Jul 14, 2019  29 posts Madalyn Sep 02 at 13:30
Professional4X posted:
Madalyn posted:
Imamul posted:
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.
What is revenge trading?



Revenge trading is when your emotions start guiding your trading such as when you've experienced a number of losses and you're angry. Then you decide you're going to suddenly win it all back with yet another trade that you shouldn't be opening, and say for example you make this new trade an absurd size so you can instantly win back all your losses. The reality is that you are probably going to blow the account out because you aren't trading using a realistic strategy.

Emotional control, risk management, and automation when possible will help discourage revenge trading.


thank you

Professional4X

Member Since Jan 05, 2016  1134 posts Professional4X Sep 03 at 00:07
Madalyn posted:
Professional4X posted:
Madalyn posted:
Imamul posted:
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.
What is revenge trading?



Revenge trading is when your emotions start guiding your trading such as when you've experienced a number of losses and you're angry. Then you decide you're going to suddenly win it all back with yet another trade that you shouldn't be opening, and say for example you make this new trade an absurd size so you can instantly win back all your losses. The reality is that you are probably going to blow the account out because you aren't trading using a realistic strategy.

Emotional control, risk management, and automation when possible will help discourage revenge trading.


thank you


You're welcome.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
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