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?
In simple words, revenge trading is a scenario that takes place after you have lost more than half of your capital. So you are desperate to recover your funds by buying into every hype you come across until you have lost all of your capital.
what is your take on revenge trading?
Revenge trading is bad, it is easiest way to wreck your trading capital and your entire savings; it also happens when you pour all your emotions into a trade. Remember to never trade with your emotions
~ Do you think people intentionally go into revenge trading or is is just emotional?
Revenge trading is not an intentional act; instead it is an action borne out of desperation and triggered by too many losses.
~ what will you advise someone making series of losses ?
IF you encounter series of losses, lets say about 75% of your capital; stop trading, take a break; then return. On your return, find out what you are doing wrong and why you have so many losses; find a solution to your troubles before resuming trade again