Revenge trading
Aug 08, 2019 at 11:50
I had a similar problem to revenge trading because I did not use a stop loss. I held a trade open but when it turned red I did not close it I kept it open hoping that it would go green. It never did and wiped out my account. I had take a month off after that to reset. i use stop loss now
Uczestnik z Feb 22, 2011
4862 postów
Aug 08, 2019 at 12:10
Rohtas posted:
I had a similar problem to revenge trading because I did not use a stop loss. I held a trade open but when it turned red I did not close it I kept it open hoping that it would go green. It never did and wiped out my account. I had take a month off after that to reset. i use stop loss now
Well you broke all the rules of trading so results corresponds to that.
Try to do it opposite next time, close trade when it is red but keep it open once it is green
As result you should see some profit
Aug 08, 2019 at 18:15
Imamul posted:What is revenge trading?
Revenge trading is the foremost symptom of emotions which is mainly considered the reason for losing in Forex. We have to control this common human nature by proper trading discipline. But cannot remove completely at all.
Uczestnik z Aug 27, 2017
994 postów
Aug 23, 2019 at 17:33
Suppose; you got a SL by a sell trade then open a buy trade immediately without market study!
Uczestnik z Aug 05, 2019
50 postów
Aug 31, 2019 at 05:39
Revenge trading occurs mainly by the fear of being wrong. It happens when a trader decides to trade even more aggressively in his/her next trades because of losses he has been incurring.
Uczestnik z Apr 18, 2017
718 postów
Aug 31, 2019 at 20:50
jaredtaylor posted:
Revenge trading occurs mainly by the fear of being wrong. It happens when a trader decides to trade even more aggressively in his/her next trades because of losses he has been incurring.
Anger; & lack of trading knowledge! Basically it’s a very common problem by the new traders!
Uczestnik z Jan 05, 2016
1189 postów
Sep 01, 2019 at 20:33
Madalyn posted:Imamul posted:What is revenge trading?
Revenge trading is the foremost symptom of emotions which is mainly considered the reason for losing in Forex. We have to control this common human nature by proper trading discipline. But cannot remove completely at all.
Revenge trading is when your emotions start guiding your trading such as when you've experienced a number of losses and you're angry. Then you decide you're going to suddenly win it all back with yet another trade that you shouldn't be opening, and say for example you make this new trade an absurd size so you can instantly win back all your losses. The reality is that you are probably going to blow the account out because you aren't trading using a realistic strategy.
Emotional control, risk management, and automation when possible will help discourage revenge trading.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Sep 02, 2019 at 13:30
Professional4X posted:Madalyn posted:Imamul posted:What is revenge trading?
Revenge trading is the foremost symptom of emotions which is mainly considered the reason for losing in Forex. We have to control this common human nature by proper trading discipline. But cannot remove completely at all.
Revenge trading is when your emotions start guiding your trading such as when you've experienced a number of losses and you're angry. Then you decide you're going to suddenly win it all back with yet another trade that you shouldn't be opening, and say for example you make this new trade an absurd size so you can instantly win back all your losses. The reality is that you are probably going to blow the account out because you aren't trading using a realistic strategy.
Emotional control, risk management, and automation when possible will help discourage revenge trading.
thank you
Uczestnik z Jan 05, 2016
1189 postów
Sep 03, 2019 at 00:07
Madalyn posted:Professional4X posted:Madalyn posted:Imamul posted:What is revenge trading?
Revenge trading is the foremost symptom of emotions which is mainly considered the reason for losing in Forex. We have to control this common human nature by proper trading discipline. But cannot remove completely at all.
Revenge trading is when your emotions start guiding your trading such as when you've experienced a number of losses and you're angry. Then you decide you're going to suddenly win it all back with yet another trade that you shouldn't be opening, and say for example you make this new trade an absurd size so you can instantly win back all your losses. The reality is that you are probably going to blow the account out because you aren't trading using a realistic strategy.
Emotional control, risk management, and automation when possible will help discourage revenge trading.
thank you
You're welcome.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Uczestnik z Aug 09, 2017
785 postów
Oct 18, 2019 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.
Nov 09, 2019 at 20:10
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.
Uczestnik z Mar 03, 2019
57 postów
Nov 10, 2019 at 09:37
not a good idea, need to accept that losses are part of trading.
Uczestnik z Feb 22, 2011
4862 postów
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 :)
Nov 12, 2019 at 10:32
togr posted: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.
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 :)
Uczestnik z Jan 03, 2018
162 postów
Nov 12, 2019 at 14:06
this is why i prefer automated trading
nick123427@
Nov 13, 2019 at 09:39
(edytowane Nov 13, 2019 at 09:39)
togr posted:I think almost every trader would have done revenge trading at least once in his/her trading career.
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 :)
Uczestnik z Nov 06, 2019
48 postów
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...
