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 had tried revenge trading many times and I had always see myself losing. Trading is something we need to out our mind and be focus and also we need to understand some certain things about tarding that will boast us above the level of the struggling traders.
We need to calm ourselves down when ever we make loses and that should not make us depressed.
Most time when I make loses and always relexed myself and get some good food to easch. Sometimes I will leave trading for a while and go out with friends so I have relax myself and have a good time. The money we are making as profits I'm trading is not our own, its another person's money so need to calm down when we also make loses just like everyone.