What are your thoughts on revenge trading?

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Quote from: cytpoway121 on February 11, 2023, 05:57:47 AM

Quote from: Obari on December 31, 2022, 12:24:47 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, 12:24:47 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, 12:24:47 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, 12:24:47 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.

cytpoway121

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Quote from: Obari on December 31, 2022, 12:24:47 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, 12:24:47 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, 12:24:47 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, 12:24:47 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

borovichok

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Quote from: Bushdark on February 10, 2023, 04:03:44 PM

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.

One of the riskiest things to consider in the world is revenge, let alone really carrying it out. The best course of action while in a losing trading position is to either close the position and wait for another day or look for good market entrances that will result in good profits and leave one smiling at the end. Trading mindsets need to be changed; revenge is probably not even an option. The market is probably not what we think it is. Although losses are unavoidable, they can be minimized to some extent using sound trading techniques.

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Quote from: Obari on December 31, 2022, 12:24:47 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?
~ 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.

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Quote from: Yamifoud on February 09, 2023, 04:44:57 PM

Quote from: Hamza2424 on February 09, 2023, 02:01:05 PM

Well anyway, trading is a game of emotions and revenge is one of the cruel emotions in my view which can destroy your portfolio. So take my humble advice and forget about the GF revenge from the trading pair and move to the next one not GF to a new pair.

The more we lose control of our emotions, the more we lose - that is the reality. Chasing what we lost in the past is a big mistake as this will also trigger high emotions and brings more losses. That is indeed we need to forget what we did wrong in the past but instead, we make those things as a lesson and make a reason why we should be more careful today and in the coming days. We also have to keep in mind that trading is not always earning a profit and losing is a part of it.

We really have to have management when to leave and when to enter. When should we leave when we lose and when should we leave when we gain. Yes, that is still very difficult to do even though we are someone who has been doing this for a long time. We always wish that when we are profitable, we always think we can exceed our profit at that time, and when we lose, sometimes we want to recover losses, even though that is something that should not be done when trading.

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Quote from: TheUltraElite on February 09, 2023, 11:26:22 AM

Compulsive stock market investment is now a new disease included in the DSM and henceforth we must make people who are prone to develop such compulsions aware of the same that this is a problem and they need to stop before they burn themselves out.

Point is that either type of compulsive actions are destructive, be it in gambling or trading or shopping or eating etc. However this compulsion comes as a counter mechanism to another obsession. Truly this revenge trading is a problem if someone is doing it regularly. Trading must be done with patience and research, waiting for the low price, pouncing on that and waiting till the high is reached to sell. Only then it an organized execution yielding the maximum possible profit.

That is actually a very serious one, considering how easy it became to be a retail investor and you do not need some broker in wall street to do it for you, there are a lot of people who download apps on their phone and trade stocks there. This results with plenty of people who have absolutely no idea how they can trade, end up trying to make money from it.

There are some small few cases which it worked, retail investor vs big hedge funds in like Gamestop stock being pushed to limits. But usually that results with retail investors like you and me losing money. It is not "too" different in crypto neither, there are top guys who make money, and panic sellers who lose.

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Quote from: Hamza2424 on February 09, 2023, 02:01:05 PM

Well anyway, trading is a game of emotions and revenge is one of the cruel emotions in my view which can destroy your portfolio. So take my humble advice and forget about the GF revenge from the trading pair and move to the next one not GF to a new pair.

The more we lose control of our emotions, the more we lose - that is the reality. Chasing what we lost in the past is a big mistake as this will also trigger high emotions and brings more losses. That is indeed we need to forget what we did wrong in the past but instead, we make those things as a lesson and make a reason why we should be more careful today and in the coming days. We also have to keep in mind that trading is not always earning a profit and losing is a part of it.

Hamza2424

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Revenge trading, is my first time hearing this term is it like some personal grudges from the pair side haha which you are trading? Well anyway, trading is a game of emotions and revenge is one of the cruel emotions in my view which can destroy your portfolio. So take my humble advice and forget about the GF revenge from the trading pair and move to the next one not GF to a new pair.

TheUltraElite

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Quote from: xSkylarx on January 26, 2023, 01:30:13 AM

If you let your emotions control you, you'll get into a lot of trouble. For example, if you feel happy spending money on wants, if you let that happiness ruin you, you'll keep buying things. Similarly, if you are greedy and get overwhelmed by winnings or losses, you will now trade with larger lot sizes. I've read also in a book that we should act like machines or computers, where no emotions kick in, only algorithms, and find the best solutions to a particular situation. If we can really do that, we won't get into any trouble.

Compulsive stock market investment is now a new disease included in the DSM and henceforth we must make people who are prone to develop such compulsions aware of the same that this is a problem and they need to stop before they burn themselves out.

Point is that either type of compulsive actions are destructive, be it in gambling or trading or shopping or eating etc. However this compulsion comes as a counter mechanism to another obsession. Truly this revenge trading is a problem if someone is doing it regularly. Trading must be done with patience and research, waiting for the low price, pouncing on that and waiting till the high is reached to sell. Only then it an organized execution yielding the maximum possible profit.

arwin100

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Its just an emotion and they only think they got revenge because coincidentally they win after they lose on their last trade. But actually this one doesn't seem exist since its just your lucky at that time you secured your profit after your trade became successful.

Although there's nothing wrong about thinking like this since somehow if this one helps since it could challenge them maybe this could give them more determination to possibly win each trade or positions they do.

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Quote from: Kgdktac on January 25, 2023, 10:32:19 PM

Revenge trading is a type of emotional trading where an individual might make impulsive trades as a reaction to a previous losing trade or a series of losing trades, in an attempt to recoup the losses.

This type of trading can be dangerous because it is often based on emotions rather than sound investment strategies. It can lead to overtrading, which can cause further losses and a spiral of revenge trading.

A feeling that could bring us more losses, than profit. Because no matter how good you are at trading but once emotions have been controlling your mind, it sure it went wrong. Traders must be emotionally strong and remain calm despite suffering losses. Chasing the amount that we have lose yesterday can't help anymore but can only bother us too much and can't think well and ruins our plan. So instead of doing this, better to correct our mistakes first as this is the best solution to take, not revenge and doubling your funds as it never works.

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Quote from: Lanatsa on January 25, 2023, 06:57:41 PM

Quote from: TheUltraElite on January 25, 2023, 01:15:30 PM

Quote from: palle11 on January 19, 2023, 10:59:46 AM

Inexperienced traders are those who still practice revenge trading. It is better to let lost money go and focus on the future and that is why the chart is analysed for the future happening. Go to the market fresh after every closed trade and not to feel that you want to get back what was lost, you are going to allow your emotions decide what you should do instead of having a good grasp of the market analysis.

Controlling emotions is not important but necessary in trading, otherwise its going downhill no matter what. Most newbies are making this mistake more often than it gets reported on this forum but I guess veteran traders are also prone to making the same. So it should be a lesson for every one who is involved in actively trading at current times.

No amount of emotionally driven trades would recover money lost. In spot trading you still own the opposite asset which you can sell in future, so all is not lost. In other forms of trading, which is basically an EV- game, you are out of luck and you should not try to chase the loss.

Emotional handling is really that very crucial and not only on trading but also in other aspects in life too on which you should really be having that good control of it because if not then you would really be finding

yourself into big or deep trouble just because you had just become that impulsive in towards your decisions just because you had just let out that emotion control your mind
which it would really be that normal that you would be trying out to find on what are the sensible things to be done.

Dont make yourself find out on having that revenge emotion because it would really just mess up entirely your analysis.

If you let your emotions control you, you'll get into a lot of trouble. For example, if you feel happy spending money on wants, if you let that happiness ruin you, you'll keep buying things. Similarly, if you are greedy and get overwhelmed by winnings or losses, you will now trade with larger lot sizes. I've read also in a book that we should act like machines or computers, where no emotions kick in, only algorithms, and find the best solutions to a particular situation. If we can really do that, we won't get into any trouble.

Kgdktac

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Revenge trading is a type of emotional trading where an individual might make impulsive trades as a reaction to a previous losing trade or a series of losing trades, in an attempt to recoup the losses.

This type of trading can be dangerous because it is often based on emotions rather than sound investment strategies. It can lead to overtrading, which can cause further losses and a spiral of revenge trading.

Instead of revenge trading, it's important to have a plan in place for managing losses and sticking to it. This might include cutting losses at a certain point, or taking a break from trading to clear one's head.
It's also important to not let emotions drive trading decisions and to focus on making rational, data-driven decisions.
It's important to remember that trading is inherently risky and that losses are a normal part of the process, and it's important to have a strategy in place to manage them and not to let emotions drive your decision making.

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Quote from: TheUltraElite on January 25, 2023, 01:15:30 PM

Quote from: palle11 on January 19, 2023, 10:59:46 AM

Inexperienced traders are those who still practice revenge trading. It is better to let lost money go and focus on the future and that is why the chart is analysed for the future happening. Go to the market fresh after every closed trade and not to feel that you want to get back what was lost, you are going to allow your emotions decide what you should do instead of having a good grasp of the market analysis.

Controlling emotions is not important but necessary in trading, otherwise its going downhill no matter what. Most newbies are making this mistake more often than it gets reported on this forum but I guess veteran traders are also prone to making the same. So it should be a lesson for every one who is involved in actively trading at current times.

No amount of emotionally driven trades would recover money lost. In spot trading you still own the opposite asset which you can sell in future, so all is not lost. In other forms of trading, which is basically an EV- game, you are out of luck and you should not try to chase the loss.

Emotional handling is really that very crucial and not only on trading but also in other aspects in life too on which you should really be having that good control of it because if not then you would really be finding

yourself into big or deep trouble just because you had just become that impulsive in towards your decisions just because you had just let out that emotion control your mind
which it would really be that normal that you would be trying out to find on what are the sensible things to be done.

Dont make yourself find out on having that revenge emotion because it would really just mess up entirely your analysis.

TheUltraElite

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Quote from: palle11 on January 19, 2023, 10:59:46 AM

Inexperienced traders are those who still practice revenge trading. It is better to let lost money go and focus on the future and that is why the chart is analysed for the future happening. Go to the market fresh after every closed trade and not to feel that you want to get back what was lost, you are going to allow your emotions decide what you should do instead of having a good grasp of the market analysis.

Controlling emotions is not important but necessary in trading, otherwise its going downhill no matter what. Most newbies are making this mistake more often than it gets reported on this forum but I guess veteran traders are also prone to making the same. So it should be a lesson for every one who is involved in actively trading at current times.

No amount of emotionally driven trades would recover money lost. In spot trading you still own the opposite asset which you can sell in future, so all is not lost. In other forms of trading, which is basically an EV- game, you are out of luck and you should not try to chase the loss.

qwertyup23

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Quote from: Obari on December 31, 2022, 12:24:47 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?

I do not think that I have encountered the term "revenge trading" but it somehow implies that a person would trade due to their frustration on incurring their losses. Personally, I find this method really risky as you are basing it almost purely on one's emotional drive on the reason they would trade again.

Quote

~ Do you think people intentionally go into revenge trading or is is just emotional?

I do think that there is a factor of emotional drive that compels them to trade again. The problem is that most traders gamble their funds large-scale. They trade large amounts of resources and they hope of recovering such losses by trading again. This potentially can impair their judgement especially if they tend to lose more in the process.

Quote

~ what will you advise someone making series of losses ?

My number one advice is to always clear your head and move on. Once you experience a loss on your trade, consider it as a normal occurrence. Remember that trading by itself is a risky venture where no profit is absolute to realize. Learn from your experience as this differentiates a newbie trader from an experienced one.

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Quote from: Obari on January 18, 2023, 04:58:47 PM

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.

Inexperienced traders are those who still practice revenge trading. It is better to let lost money go and focus on the future and that is why the chart is analysed for the future happening. Go to the market fresh after every closed trade and not to feel that you want to get back what was lost, you are going to allow your emotions decide what you should do instead of having a good grasp of the market analysis.

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Quote from: Obari on December 31, 2022, 12:24:47 PM

~ 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.

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Quote from: Obari on January 18, 2023, 04:58:47 PM

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.

It was the first look of the majority who are here in crypto but it has changed along the way as they had also learned what really it is.
It was time to correct that views and also the mindset of the newcomers, and we have to think about the consequences of being here having no knowledge and skills. If we lose yesterday or even today, we have to leave that way as it usually happens but we never chase them and put pressure on getting it back as this could only lead us to lose more.

Obari

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Quote from: GeorgeJohn on January 17, 2023, 06:52:13 PM

Quote from: Obari on December 31, 2022, 12:24:47 PM

~ 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.

Topic: What are your thoughts on revenge trading? (Read 778 times)