There is no way to take revenge

Sarjohn posted:

LukeRachel posted:
Forex trading is not my friend or relative. It is impossible to take revenge for any loss. I have to make a profit by creating a positive mindset from flexible with the market.

Exactly the market is not your relative or friend to whom you can take revenge, it will end losing your money only.

Yes, we can not work with a negative mindset, and revenge trading always brings a negative mindset. Focus on knowledge and learning rather than on revenge trading.

Sarjohn posted:

Sarjohn posted:

LukeRachel posted:
Forex trading is not my friend or relative. It is impossible to take revenge for any loss. I have to make a profit by creating a positive mindset from flexible with the market.

Exactly the market is not your relative or friend to whom you can take revenge, it will end losing your money only.

Yes, we can not work with a negative mindset, and revenge trading always brings a negative mindset. Focus on knowledge and learning rather than on revenge trading.

Revenge trading can put you in great danger.

Sarjohn posted:

Sarjohn posted:

LukeRachel posted:
Forex trading is not my friend or relative. It is impossible to take revenge for any loss. I have to make a profit by creating a positive mindset from flexible with the market.

Exactly the market is not your relative or friend to whom you can take revenge, it will end losing your money only.

Yes, we can not work with a negative mindset, and revenge trading always brings a negative mindset. Focus on knowledge and learning rather than on revenge trading.

Yes, of course, revenge can never make a profit from the market. I have to learn and create a positive mentality.

So actually revenge for what? Only the trader is to blame for his mistakes and miscalculations.

Well, actually I believe that there is noone who really wants to revenge on the market, it is just a term which describes the desire of a trader to get his money back after a failure.

Gavirus posted:
Well, actually I believe that there is noone who really wants to revenge on the market, it is just a term which describes the desire of a trader to get his money back after a failure.

Exactly!
This is something which traders should try to control as revenge trading is not beneficial in the longer run.

@Marcel Durham I am with you on this. I feel that's what separates experienced traders from newbies and most importantly revenge trading has never benefited anyone in the trading market. I think instead of going forward with such a strategy a trader should call it a day and focus on his mistakes he made while making such trades. Such traders should not let their emotions take control over their decisions, rather they should work on their strategies and make a proper plan of action.

Series of losses can make the situation too overwhelming for a trader to realise that what he’s doing is revenge or over-trading. That’s why it's always advised to take a break from trading. Only then we can realise our mistakes and work to improve them. I prefer to sit by myself or do anything that can divert my mind from the negative trading emotions.

MarcellusLux posted:
So actually revenge for what? Only the trader is to blame for his mistakes and miscalculations.

Human emotion works here. When a trader loses in the market, he wants to give up his sense of responsibility and take revenge on the market and bring back the lost money.

necolesilvers posted:
Series of losses can make the situation too overwhelming for a trader to realise that what he’s doing is revenge or over-trading. That’s why it's always advised to take a break from trading. Only then we can realise our mistakes and work to improve them. I prefer to sit by myself or do anything that can divert my mind from the negative trading emotions.

if a trader has the right attitude to work, then even a series of holes will not hurt to get out and achieve success

marindateal posted:
@Marcel Durham I am with you on this. I feel that's what separates experienced traders from newbies and most importantly revenge trading has never benefited anyone in the trading market. I think instead of going forward with such a strategy a trader should call it a day and focus on his mistakes he made while making such trades. Such traders should not let their emotions take control over their decisions, rather they should work on their strategies and make a proper plan of action.

Correctly said. Revenge after losses without analysis is destructive. Correcting mistakes and introspection is just as important as trading system.

AliaDare posted:

MarcellusLux posted:
So actually revenge for what? Only the trader is to blame for his mistakes and miscalculations.

Human emotion works here. When a trader loses in the market, he wants to give up his sense of responsibility and take revenge on the market and bring back the lost money.

Yes, the nature of human emotions is sometimes illogical.
Even in any other situation, no one wants to accept responsibility. This requires fortitude. That is why working with your own consciousness is an integral stage in the development of a professional trader.

MarcellusLux posted:

marindateal posted:
@Marcel Durham I am with you on this. I feel that's what separates experienced traders from newbies and most importantly revenge trading has never benefited anyone in the trading market. I think instead of going forward with such a strategy a trader should call it a day and focus on his mistakes he made while making such trades. Such traders should not let their emotions take control over their decisions, rather they should work on their strategies and make a proper plan of action.

Correctly said. Revenge after losses without analysis is destructive. Correcting mistakes and introspection is just as important as trading system.

could not agree more. one needs to do the detailed study and research in order to come back stronger

MarcellusLux posted:

AliaDare posted:

MarcellusLux posted:
So actually revenge for what? Only the trader is to blame for his mistakes and miscalculations.

Human emotion works here. When a trader loses in the market, he wants to give up his sense of responsibility and take revenge on the market and bring back the lost money.

Yes, the nature of human emotions is sometimes illogical.
Even in any other situation, no one wants to accept responsibility. This requires fortitude. That is why working with your own consciousness is an integral stage in the development of a professional trader.

Of course, I need to work with the way professional traders think or have ideas about their mindset.

UweMoench posted:
There is no way to take revenge on market. Forex market is not so easy to understand but one can easily adapted to the market by applying good skill and knowledge. If the traders want to take revenge over market, they surely face problem and it is not feature of a good trader.

Very true and the market does not care about you or me or anyone you are taking revenge on an objective thing. When you take a revenge trade-you make it personal-emotions come into play-loss of objectivity

Revenge trading is the worst thing a trader can do to himself. Trying to overcome the losses through aggressive trading can only lead to further losses.

Revenge trading happens when a trader can not control his emotions. They want to recover the loss quickly. As a result they jump into another trade without much thinking.

@MarcelDurham I feel there shouldn't be an urge to compete with the market . Traders need to understand that there can not always be a win-win situation for them. Once they hit the bottom it's better to take a break and not make the matter worse.

@lovefortrading without a doubt. A thorough due diligence is very necessary to have a successful run in the market .It's the very basic need that traders need to understand.