Quote from: Obari on December 31, 2022, 04:24:47 PM

~ what is your take on revenge trading?

I am hearing the term for the first time here so I will go with my gut feeling and what I understood after reading some of the replies here, that you are referring to something like chasing losses in gambling. I would not recommend that at all.

As a trader you need to have the composed mindset and not the reckless one. If you lost money on one trade, considering it to be a spot trade, you defenitely have a chance of getting it back but it will cost time. This decision making improves with practice. If trading on anything other then Spot, then you are gambling anyway, in which case I dont have anything to say.

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~ Do you think people intentionally go into revenge trading or is is just emotional?

Maybe emotional, but like I said, I am hearing it for the first time, maybe I was ignorant.

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~ what will you advise someone making series of losses ?

Stop and see where you went wrong. Series of losses is not possible in Spot trading per see unless you bought shitcoins everyday.You are likely talking about leverage or margin Huh