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 ?
Obviously doing such a thing is a mistake and this shows that the person did not really test whatever strategy they were using, because if they did they will realize that even when you have a good strategy you can still lose many times in a row, and my advice to them is simple, take a break, if you have lost several trades and you are feeling bad about it then do something else, the markets are not going to disappear just because you do not trade them for a day or two, do something else and once you are over it then you can trade again.