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There is no way to take revenge

Sar John (Sarjohn)
May 24 at 07:53
187 投稿
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.

RobSchiz
Sep 08 at 09:18
446 投稿
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.

LukeRachel
Sep 08 at 15:22
370 投稿
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.

Marcel Durham (MarcellusLux)
Sep 09 at 10:26
94 投稿
So actually revenge for what? Only the trader is to blame for his mistakes and miscalculations.

Gavirus
Sep 09 at 18:53
13 投稿
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.

smith_fx
Sep 10 at 05:50
33 投稿
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.

marindateal
Sep 10 at 06:38
53 投稿
@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.

necolesilvers
Sep 10 at 07:25
28 投稿
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.

AliaDare
Sep 10 at 15:04
672 投稿
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.

Unellene
Sep 11 at 15:50
283 投稿
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

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