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.
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.
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.
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.
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.
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.
Jan 07 2021 at 04:42
I don’t understand revenge trading, how can traders knowingly indulge in it. It is just something I want to stay away from.
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. .
Yea I’m looking to avoid doing this as much as I can, not a good road to go down.
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
Revenge trading is something that I would suggest traders to avoid because it has more emotion and rush in trading without a proper plan or strategy.
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.
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
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.
'It is okay to close the trade with a minus and there is nothing wrong with that. It happens very often. The main thing is to always close negative trades in accordance with your system.
Accordingly open new trades without risking after waiting for good entry point.
Accordingly open new trades without risking after waiting for good entry point.
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.
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.
trollsdindy posted:
I don’t favor revenge trading and I don’t think anyone does. It can only lead to losses.
Revenge trading is very risky. It may put you in great danger.
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.
Never try to get back something that you lost, because nobody earned money by this scheme. Everybody lost even more.
