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Revenge trading

Nov 30, 2020 at 07:29
Przeglądane 779
19 Replies
Uczestnik z Jul 19, 2020   751 postów
Nov 30, 2020 at 07:29
Revenge trading is for the most part determined by the dread of being off-base. It's typically when a trader, originating from an especially baffling misfortune, chooses to compensate for it by being more forceful in his/her next trades. It's the worst thing one trader can do. If you loss any trade, before opening any more trades make yourself relaxed.
Uczestnik z Aug 17, 2020   123 postów
Nov 30, 2020 at 09:16
Definitely. If you lose a trade, it's important to cool your head before you make any new decisions. Meditate, or go for a run, do whatever you have to in order to get rid of the frustration and move on. It gets better with time, once you learn to trust your long-term profitability.
Uczestnik z Jul 06, 2020   28 postów
Dec 10, 2020 at 09:48
I don’t really favour revenge trading since most of the times it is all about getting emotional and that is something everyone should avoid.
Uczestnik z Feb 12, 2020   17 postów
Dec 10, 2020 at 11:55
If you close the trade with a minus, there is nothing wrong with that. This is part of your job. This happens very often. The main thing is to close negative trades in accordance with your system. And accordingly, open new ones without risking. And after waiting for a good entry point.
Uczestnik z Jul 19, 2020   298 postów
Dec 13, 2020 at 10:22
Spend your time on learning. Running for ready-made strategies is not learning. Spend time on MT4 or trading terminals. Learn how to read the market. Study books not just some pages on internet or ebook. Read about successful traders. Learn how psychology works in trading. That's all.
Uczestnik z Jul 20, 2020   298 postów
Dec 14, 2020 at 02:14
Dariusz54t454 posted:
If you close the trade with a minus, there is nothing wrong with that. This is part of your job. This happens very often. The main thing is to close negative trades in accordance with your system. And accordingly, open new ones without risking. And after waiting for a good entry point.
Yes, you are right. Every trader should trade according to discipline.
Uczestnik z Jan 07, 2021   23 postów
Jan 13, 2021 at 11:02
Kylealker87 posted:
I don’t understand revenge trading, how can traders knowingly indulge in it. It is just something I want to stay away from.
So true. Nobody is responsible for one’s downfall other than they themselves. .
Uczestnik z Feb 11, 2020   24 postów
Jan 13, 2021 at 11:55
Yea I’m looking to avoid doing this as much as I can, not a good road to go down.
Uczestnik z Feb 13, 2017   251 postów
Jan 13, 2021 at 11:56
UweMoench posted:
Revenge trading is for the most part determined by the dread of being off-base. It's typically when a trader, originating from an especially baffling misfortune, chooses to compensate for it by being more forceful in his/her next trades. It's the worst thing one trader can do. If you loss any trade, before opening any more trades make yourself relaxed.
A trader must control his/her nerves, This is not a race ring
Uczestnik z Nov 03, 2020   70 postów
Jan 13, 2021 at 11:59
Revenge trading should be avoid at all costs!
Uczestnik z Jul 23, 2020   869 postów
Jan 13, 2021 at 17:34
ddarko3 posted:
Revenge trading should be avoid at all costs!
Traders should also avoid all kind of trading based on emotion.
Uczestnik z Jan 13, 2021   52 postów
Jan 13, 2021 at 20:37
Trading definitely needs you to be in control of your emotions or your going to end up in trouble
Uczestnik z Jul 27, 2020   102 postów
Jan 14, 2021 at 07:29
dutchy1986 posted:
Trading definitely needs you to be in control of your emotions or your going to end up in trouble
That is why people tend to end up with revenge trading which makes the matter worsen.
Uczestnik z Dec 01, 2020   23 postów
Feb 08, 2021 at 10:34
I don’t favor revenge trading and I don’t think anyone does. It can only lead to losses.
Uczestnik z Jan 21, 2021   48 postów
Feb 17, 2021 at 11:30
I would say avoid revenge trading, control your emotions as many people do this to cover the loss of previous trade but again end with the loss. Just stick with the plan, have patience, wait for the right time to recover loss.
Uczestnik z Oct 22, 2020   12 postów
Dec 04, 2021 at 20:29
In my opinion, revenge trading is something that traders shoulbe afraid of, because it always leads to unpleasant consequences. Of course, you can give particular sums of money back, nevertheless it won't be a long-lasting situation. Finally, you will lose them and even more, trying to give something back. If you lost particular sum of money, then you have to take into consideration all your mistakes and make conclusions.
Never try to get back something that you lost, because nobody earned money by this scheme. Everybody lost even more.
Uczestnik z Mar 24, 2020   98 postów
Dec 04, 2021 at 22:36
Revenge Trading.

If you have a strategy which means discipline and you lose a couple of trades --------------so-------two lose trades = 1-2% OF your trading account

WTF

If your strategy gives your edge wins v losers in your favour.

And you react with REVENGE TRADING

your NOT prepared for Trading Live.

(get back on the Demo)
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Uczestnik z Dec 09, 2013   139 postów
Dec 05, 2021 at 07:29
UweMoench posted:
Revenge trading is for the most part determined by the dread of being off-base. It's typically when a trader, originating from an especially baffling misfortune, chooses to compensate for it by being more forceful in his/her next trades. It's the worst thing one trader can do. If you loss any trade, before opening any more trades make yourself relaxed.
Traders must not even think about taking a revenge against the market. The market itself is a very big thing. If we want to play against it, it will play against harder and beat us mercilessly. When we make a loss, we must take it as a part of business. We may analyze and try to find out our mistakes later. Nevertheless, we should never take the next entry to cover up the previous loss, but take the next entry according to our strategy.
Uczestnik z Jul 19, 2020   751 postów
Dec 05, 2021 at 17:09
Most new traders lose money because of their revenge trading. If they lose a trade, they get restless to recover it. As a result they open more trades without proper set up .
Uczestnik z Mar 24, 2020   98 postów
Dec 05, 2021 at 23:41
Im just scouting around for any breaking news , before bed, to be up and ready for the UK open.

So up at say 6.30 am UK time just to read all news and prep. ready to trade Spot.




Then i look at the drivel being posted above and the rest.

Does anyone know how reply to a message.?

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