Post
Topic
Board Trading Discussion
Re: What are your thoughts on revenge trading?
by
Obari
on 18/01/2023, 20:58:47 UTC
~ what will you advise someone making series of losses ?
In this aspect, and someone is experiencing constantly lose in trading, the person don't need to panic or conclude that trading is a scam or gamblling.what the person haveto do is to go back and study the basic risk measure involve in  trading, and secondly tried to understand the reason while it's having loss in trading. because some people doesn't know the rudiments of trading before venturing into it.so therefore a trading is a skill and if you don't understand the rudiments you will continue to experience the negative side of trading as a lost.

You're right senior and I've been preaching about learning the skills of trading before jumping into it to make profits.
People take trading, Bitcoin investment and even gambling as a get rich quick scheme which very wrong though there are people who have made great winnings and profits in gambling and also in trading in a very short space/ period or at a time.
Revenge gambling mostly comes when one begins chasing their losses and that is one thing I barely do, not lately anymore and it really helped.