Post
Topic
Board Trading Discussion
Re: What are your thoughts on revenge trading?
by
justdimin
on 13/01/2023, 16:49:41 UTC
Iam a victim of revenge trading unfortunately it had done more harm to my account than good, after some losing streaks I do embark on revenge trading due to emotion which I think it isn't intentional while deviating from my main trading strategy in most cases I blew up my account and have to start afresh, I believe this often common among newbies In a bid to recover losses swiftly ended up losing more money,though I always trade with the amount of money I can afford to lose, obviously to be successful in trading one has be well disciplined to overcome any form of emotion and also avoid changing trading strategy.
We all did it at some point in our lives and that's a sad thing of course but that doesn't change the fact that we shouldn't be really feeling a lot more responsible for it. I have to explain to people that it's not going to be a great thing to keep fighting for a grain of profit just to make that money back, and we all did follow our losses with a revenge and lost. If we kept moving on and not focus on that loss then we would have lost less.

In any situation, we learned from it, and that money gone means that the future will be better. I never did a revenge trade again after my first few, which means that I learned from my mistakes and it totally worths it.