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Revenge trading

Tuxedo888
Dec 04 2021 at 22:36
66 inlägg
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)
sharabela
Dec 05 2021 at 07:29
111 inlägg
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.
RobertFerrari
Dec 05 2021 at 08:12
391 inlägg
sharabela posted:
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.
Revenge trading can put a trader into a great risk.
croisssan
Dec 05 2021 at 14:00
939 inlägg
I think this is a really good option for the job. But this can only work with the right approach.
UweMoench
Dec 05 2021 at 17:09
751 inlägg
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 .
Tuxedo888
Dec 05 2021 at 23:41
66 inlägg
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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