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 ?
Revenge trading is forced trading as a result of emotions. You made a loss and feel a strong urge to win back what you have lost and so they prepare to take an unplanned risks that you wouldn't have normally. Here your trading is dependent on your gains and losses. It is good to have other traders in your network that you can immediately talk to whenever you have the urge to chase your losses. They will help you see through your emotional -beclouded thinking. Always have that go-to person.