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Revenge trading
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Imamul

Member Since Aug 09, 2017  393 posts Imamul Oct 18 at 10:57
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.

ratou11

Member Since Dec 10, 2018  28 posts Timothe Bouchard (ratou11) Nov 09 at 20:10
Imamul posted:
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.
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.

steveday1976

Member Since Mar 03, 2019  50 posts steveday1976 Nov 10 at 09:37
not a good idea, need to accept that losses are part of trading.

togr

Member Since Feb 22, 2011  4513 posts vontogr (togr) Nov 11 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 :)

I like what I trade, I trade what I like
Johny_tr

Member Since Oct 19, 2019  15 posts Johny_tr Nov 12 at 10:32
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.

nick3232

Member Since Jan 03, 2018  133 posts nick3232 Nov 12 at 14:06
this is why i prefer automated trading

Elanbani

Member Since Jul 12, 2018  19 posts Elanbani Nov 13 at 09:39 (edited Nov 13 at 09:39 )
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.

Baazex

Member Since Oct 24, 2019  43 posts Baazex Nov 14 at 13:09
Keeping emotions in control is a must

ForexViking69

Member Since Nov 06, 2019  20 posts ForexViking69 (ForexViking69) Nov 14 at 13:51
I used to think revenge was a dish best served cold... then I learned it meant getting back at somebody...

Winning...
jonny99

Member Since Oct 21, 2019  10 posts jonny99 Nov 15 at 10:00
Yeah right! I try to stay away from it too. It just worsens the scenario.

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