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 want to believe that people participate in revenge trading in an effort to repair the harm previously done. They want to feel just as they did prior to their loss of money. And they believe that if they act swiftly, they will rapidly recover their investment. Revenge traders frequently increase their deal amount and seek out new trades right away. When trading in revenge for a loss, traders view the market through a different lens than they did before. It only concerns getting back. They don't take into account your stops, risks, or suggestions. Identify when you feel this way and put a break in place.
Or simply everything would really be messed up and this would be likely the case on which you wouldnt really be following the method or simply the path you've taken earlier but rather you would really be that careless
because the main thing that you do have in mind is to get back those losses as much as possible and you would be lose off track on things that you should need to follow and this is where things even
more messy considering that high chance of losing more.
This is like gambling and chasing losses is never been ideal whether you are dealing with gambling or trading.It would really be just the same where this
behavior could put you into more deeper trouble.