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Revenge trading

Imamul
Oct 18 2019 at 10:57
624 Posts
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.

Timothe Bouchard (ratou11)
Nov 09 2019 at 20:10
43 Posts
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
Nov 10 2019 at 09:37
55 Posts
not a good idea, need to accept that losses are part of trading.

vontogr (togr)
Nov 11 2019 at 08:13
4862 Posts
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 :)

Johny_tr
Nov 12 2019 at 10:32
34 Posts
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
Nov 12 2019 at 14:06
162 Posts
this is why i prefer automated trading

Elanbani
Nov 13 2019 at 09:39
19 Posts
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.

Wiame (Baazex)
Nov 14 2019 at 13:09
45 Posts
Keeping emotions in control is a must

Revenue is vanity, profit is sanity, but cash is king
ForexViking69 (ForexViking69)
Nov 14 2019 at 13:51
31 Posts
I used to think revenge was a dish best served cold... then I learned it meant getting back at somebody...

jonny99
Nov 15 2019 at 10:00
32 Posts
Yeah right! I try to stay away from it too. It just worsens the scenario.

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