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.
A compulsive action it seems, which I have seen among newbies and those who end up with a loss on their trading ventures. It seems this term has now gained some notoriety than when I first visited this thread when I only kept assumptions as to what it meant.
Truly, trading is a game of emotions and patience and this behavior only means that all those things have collapsed and the trader is mentally on the verge of breaking down. I am sure this can be prevented and with caution one can avoid such things from happening. Like I said before, this is similar to chasing losses of gambling which has a devastating outcome.
Why not start with dummy trading and then you can identify your mistakes easily without actually losing money? It can help reveal your compulsive nature as well, in which case I would suggest against trading.