revenge trading always make huge loss. You have to follow a trading plan or system with discipline, otherwise you aren’t allowing your edge to work for you. Without this then any form of trading in this regard is simply gambling. Since it can’t be reproduced reliability.
Imamul posted:Exactly. Even if your 'revenge trades' work once, twice or even more, it's just a sign that your overall strategy is not working at all and that it will eventually go bust.
revenge trading always make huge loss. You have to follow a trading plan or system with discipline, otherwise you aren’t allowing your edge to work for you. Without this then any form of trading in this regard is simply gambling. Since it can’t be reproduced reliability.
Nov 10 2019 at 09:37
not a good idea, need to accept that losses are part of trading.
Nov 11 2019 at 08:13
Trading should be alway performed according to trading plan. I doubt any trading plan contains section Revenge:)
On the other hand we are human being so I understand very well the need to do the revenge. I did it too once :)
On the other hand we are human being so I understand very well the need to do the revenge. I did it too once :)
togr posted:
Trading should be alway performed according to trading plan. I doubt any trading plan contains section Revenge:)
On the other hand we are human being so I understand very well the need to do the revenge. I did it too once :)
Can relate well to you, no matter how much we stop ourselves from doing that type of things, this field is only such, one ends up taking revenge :) But yes, I make sure I avoid it most of the times.
this is why i prefer automated trading
nick123427@
togr posted:
Trading should be alway performed according to trading plan. I doubt any trading plan contains section Revenge:)
On the other hand we are human being so I understand very well the need to do the revenge. I did it too once :)
I think almost every trader would have done revenge trading at least once in his/her trading career.
Keeping emotions in control is a must
Revenue is vanity, profit is sanity, but cash is king
Nov 14 2019 at 13:51
I used to think revenge was a dish best served cold... then I learned it meant getting back at somebody...
Winning...
