Quote from: cytpoway121 on February 11, 2023, 09:57:47 AM

Quote from: Obari on December 31, 2022, 04:24:47 PM

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.

Quote from: Obari on December 31, 2022, 04:24:47 PM

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

Quote from: Obari on December 31, 2022, 04:24:47 PM

~ 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.

Quote from: Obari on December 31, 2022, 04:24:47 PM

~ 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

They are good advice, also you have to keep something in mind, every time we win it is because another trader lost, an exchange or a broker will never lose, that is the first thing to know.

For these reasons, thinking about seeking revenge is a bad decision, also the market is simply benevolent, it will always give us the opportunity to enter at another time, and perhaps that other time is the best opportunity to win and recover what was lost, that's right. what every trader should do, and remember that at some point if he lost it was because of the trader himself, for having chosen the wrong move.