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 ?
After making multiple losses, a thought comes to the mind of the traders as to how they will recover those losses. And they chase to take profitable trades to cover those losses, but their efforts can often lead to more losses. And for this revenge trading, it actually affects the traders more emotionally. I have experienced such situations and I realized that revenge trading does not take long to washout a trader's account.