Of recent, I've come across alot of people talking about traders chasing their losses which at the end, leads to possible blowing of accounts.
I understand that people trade with expections and most times when this expectations aren't met, they try as much as possible to chase after their losses and my questions are
~ what is your take on revenge trading?
~ Do you think people intentionally go into revenge trading or is is just emotional?
~ what will you advise someone making series of losses ?
I have never heard of anything Regarding Revenge trading. I have seen that some people who use a lot of High leverage end up using blowing off their accounts. And that ahs been happened to me 2 times in almost 2 years. And I ended up loosing so much money that I saved.
And when I lost such money than I was very demotivated and I wanted to cover my loss by taking loans and also that would have gone too and I might be depressed too. So that's why do not use such higher leverages in our life.
On the term itself about revenge then this is some sort of impulsive trading which it do acts out the same on the time that you do chase up your losses when you do gamble, this is the same thing on which you are really that desperately trying out to break even yourself of those losses that you do have encountered on your trades which its not really something that recommendable because it would really just make things even more
worst and this is why you should really be that careful and having that good control towards your emotions. Always set out limits and really be having that risks management because you would really be seeing
yourself getting fucked up some more if you do let yourself that too reactive whenever you do make up some loss.Its much better if you do reassess up situation on where did you go wrong.