~ 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. 
Topic: What are your thoughts on revenge trading? - page 2. (Read 857 times)
Truth is that every losing trader wants to catch up and recover their losses but that will depend on the mindset adopted. No trader should back out because they're losing. However, it's good to do the chase with a clear head. Otherwise, the trader keeps losing. Those who take a break because they've suffered losses and then come back without reviewing their trading plans and strategies will keep losing.
Agree. Whenever a trader gets a loss, it is normal to think about catching/recovering the loss.However, it is true that we must recover it in the right way. And we must evaluate the problem or mistake we did, that lead to the previous loss. So, we know the wrong thing with our trading strategy, and we won't repeat the same mistake. If we never learn or evaluate it, we may repeat the same loss again and again. A trader who can learn from the previous mistake also will improve the strategy, so the chance to get profits will be higher.
Well, IMHO actually there is no term for revenge trading. What a trader does after getting a loss is "recovering the loss". But it must be in the right way!!
Revenge trading will not help you to achieve what you want in the crypto market, because your mind will be the losses you have experienced in the past which is not advisable to any traders in the community.
Revenge in my assumption is one way to satisfy oneself after something unfortunate. Revenge trading is of course not one that is recommended for recovering losses, but I think someone can make investments by accumulating assets and holding them for the long term so that the losses will be covered. The last point is logical to me, but I don't know what they were thinking.I don't fully understand how someone would do revenge trading anyway, it must be some kind of gamble.
Revenge trading refers to making trades or investments with the primary motivation of trying to recoup losses or "get back" at the market or a specific stock or security that caused the losses. This type of trading is generally not recommended as it can lead to impulsive and emotional decisions, rather than rational and well-thought-out ones. Instead, it's better to focus on a long-term investment strategy and building a diversified portfolio that can weather market fluctuations. This is a more logical way of recovering losses. It's important to have a well-defined investment plan and stick to it, rather than engaging in revenge trading.
Truth is that every losing trader wants to catch up and recover their losses but that will depend on the mindset adopted. No trader should back out because they're losing. However, it's good to do the chase with a clear head. Otherwise, the trader keeps losing. Those who take a break because they've suffered losses and then come back without reviewing their trading plans and strategies will keep losing. It doesn't matter how long they are absent themselves from the market. The market is the master. No matter how angry traders are at their losses, they ought to reckon that they can't take a pound of flesh from the market.
Of course, we all want to regain our losses which I think is normal but we should chase them responsibly. We can feel disappointed and upset for losing our funds but chasing them with a negative mindset will be a wrong move.
We can take a break if ever we are experiencing extreme losses and just trade again after conditioning our emotions. Revenge trading for me is a negative term and recovering from our losses will be more acceptable.
Accepting that you will lose should be learned in the first place when we start learning the basics of trading. You are correct; no one enters the market without the desire to recoup losses; however, this should be done in moderation, not as if you need it back today and will go all in, which is a bad move. Others' strategies are to accumulate it over time, while others just forget about it and continue trading, and when they see that they are getting profit, they will look back at their losses to see if they really gained profit. It is really best if we can just accept our losses and move on, as this is for our own good.
Revenge trading will not help you to achieve what you want in the crypto market, because your mind will be the losses you have experienced in the past which is not advisable to any traders in the community.
Revenge in my assumption is one way to satisfy oneself after something unfortunate. Revenge trading is of course not one that is recommended for recovering losses, but I think someone can make investments by accumulating assets and holding them for the long term so that the losses will be covered. The last point is logical to me, but I don't know what they were thinking.I don't fully understand how someone would do revenge trading anyway, it must be some kind of gamble.
To recover the loss in trading, the coins should be checked well do not get discouraged and try again, if you fail trading is hard work there's no denying it. But the most important thing is that trading is a commodity that can be learned through training and practice. As long as you're holding a position in a trade, it's veritably important to stay focused. Complacency can beget you capital loss losses admire the situation and close the trade by using stop loss, if a bad situation arises where you need to stop trading.
Revenge trading will not help you to achieve what you want in the crypto market, because your mind will be the losses you have experienced in the past which is not advisable to any traders in the community. The best way to recover your losses is to trade as if you have never experience any failure in your crypto trading, and it will help you to kill the spirit of fear and bring in the spirit of patience for you to be able to recover from what you have lost in the market. I believe, this is another opportunity for those that want to recover from their losses to look for a potential coins to buy and hold because potential coins price are in a good position to bring good reward to their investors.
Truth is that every losing trader wants to catch up and recover their losses but that will depend on the mindset adopted. No trader should back out because they're losing. However, it's good to do the chase with a clear head. Otherwise, the trader keeps losing. Those who take a break because they've suffered losses and then come back without reviewing their trading plans and strategies will keep losing. It doesn't matter how long they are absent themselves from the market. The market is the master. No matter how angry traders are at their losses, they ought to reckon that they can't take a pound of flesh from the market.
Of course, we all want to regain our losses which I think is normal but we should chase them responsibly. We can feel disappointed and upset for losing our funds but chasing them with a negative mindset will be a wrong move.
We can take a break if ever we are experiencing extreme losses and just trade again after conditioning our emotions. Revenge trading for me is a negative term and recovering from our losses will be more acceptable.
be trying out to recover on what you had lost but you should really be doing all things to a certain manner or simply being having the control because exerting too much effort does really
generate out that kind of impulsive feeling of revenge which would be ending up on being desperate measures which would really be resulting into that revenge trading
which isnt something recommendable.
Truth is that every losing trader wants to catch up and recover their losses but that will depend on the mindset adopted. No trader should back out because they're losing. However, it's good to do the chase with a clear head. Otherwise, the trader keeps losing. Those who take a break because they've suffered losses and then come back without reviewing their trading plans and strategies will keep losing. It doesn't matter how long they are absent themselves from the market. The market is the master. No matter how angry traders are at their losses, they ought to reckon that they can't take a pound of flesh from the market.
Of course, we all want to regain our losses which I think is normal but we should chase them responsibly. We can feel disappointed and upset for losing our funds but chasing them with a negative mindset will be a wrong move.
We can take a break if ever we are experiencing extreme losses and just trade again after conditioning our emotions. Revenge trading for me is a negative term and recovering from our losses will be more acceptable.
Truth is that every losing trader wants to catch up and recover their losses but that will depend on the mindset adopted. No trader should back out because they're losing. However, it's good to do the chase with a clear head. Otherwise, the trader keeps losing. Those who take a break because they've suffered losses and then come back without reviewing their trading plans and strategies will keep losing. It doesn't matter how long they are absent themselves from the market. The market is the master. No matter how angry traders are at their losses, they ought to reckon that they can't take a pound of flesh from the market.
Of course, we all want to regain our losses which I think is normal but we should chase them responsibly. We can feel disappointed and upset for losing our funds but chasing them with a negative mindset will be a wrong move.
We can take a break if ever we are experiencing extreme losses and just trade again after conditioning our emotions. Revenge trading for me is a negative term and recovering from our losses will be more acceptable.
Truth is that every losing trader wants to catch up and recover their losses but that will depend on the mindset adopted. No trader should back out because they're losing. However, it's good to do the chase with a clear head. Otherwise, the trader keeps losing. Those who take a break because they've suffered losses and then come back without reviewing their trading plans and strategies will keep losing. It doesn't matter how long they absent themselves from the market. The market is the master. No matter how angry traders are at their losses, they ought to reckon that they can't take a pound of flesh from the market.
~ what is your take on revenge trading?
Revenge trading is like running in the dark where you can't see anything, even when you hurt yourself, you just keep on running.
~ Do you think people intentionally go into revenge trading or is is just emotional?
It is emotional, of course. Revenge trading is triggered by continuous disappointing results after so many try, especially when you spent too much time studying and making technical analysis yet you still can't make profits.
~ what will you advise someone making series of losses ?
Stop for a while, focus on studying more after figuring out what seems to be the problem that cause you a lot of losses. Only enter a small trade to test out your new approach in trading, if it turns well, then start increasing the amount you trade. Newbies often trade on a randomly amount with high leverage, that's why they always get liquidated easily.
Making profits in trading takes time, if you don't have the patient, you'll definitely lose all your money no matter how many times you come back.
In the beginning, when I was learning trading, I watched a lot of YouTube and a lot of videos on how to be a profitable person, I learned a lot about technical analysis, about the different lines like EMA, among others, and applied them, and in fact sometimes I used them. I applied all the lost ones, there was none that I won, and since I did not know that the error was not me but the person I learned, I did not know that it was neither accumulation or distribution, something like that, however I kept trying and what I did It was losing money, and among it a feeling of revenge against the market awoke in me, but that is never good, whenever you lose it is because someone else won and if you win it is because another trader lost.
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 the worst thing that you can do to yourself and your account as well. Trading is a test of your emotional intelligence and patience. Things like revenge trading will only make you do hasty decision making nothing other than that. Which will give you even more losses and you'll become even more hungry for revenge and go into even more loss this cycle would continue until you blow your account.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 ?
It was intentional for sure since you are aware of it; it is just that you can't control your emotions about it, meaning that even though you are aware, you still want to chase up your losses. It is really part of the newbie experience; I also experience this, but because of this, we learned a lesson to not be greedy and not be emotional. When I get hot in trading, I walk away from my computer like I'm riding a motorcycle for 10 minutes to get some fresh air, and then I'm back in my mind. If you are feeling emotional, it is best to rest before continuing with the trade.
Iam a victim of revenge trading unfortunately it had done more harm to my account than good, after some losing streaks I do embark on revenge trading due to emotion which I think it isn't intentional while deviating from my main trading strategy in most cases I blew up my account and have to start afresh, I believe this often common among newbies In a bid to recover losses swiftly ended up losing more money,though I always trade with the amount of money I can afford to lose, obviously to be successful in trading one has be well disciplined to overcome any form of emotion and also avoid changing trading strategy.
We all did it at some point in our lives and that's a sad thing of course but that doesn't change the fact that we shouldn't be really feeling a lot more responsible for it. I have to explain to people that it's not going to be a great thing to keep fighting for a grain of profit just to make that money back, and we all did follow our losses with a revenge and lost. If we kept moving on and not focus on that loss then we would have lost less.In any situation, we learned from it, and that money gone means that the future will be better. I never did a revenge trade again after my first few, which means that I learned from my mistakes and it totally worths it.
I want to believe that people participate in revenge trading in an effort to repair the harm previously done. They want to feel just as they did prior to their loss of money. And they believe that if they act swiftly, they will rapidly recover their investment. Revenge traders frequently increase their deal amount and seek out new trades right away. When trading in revenge for a loss, traders view the market through a different lens than they did before. It only concerns getting back. They don't take into account your stops, risks, or suggestions. Identify when you feel this way and put a break in place.
A compulsive action it seems, which I have seen among newbies and those who end up with a loss on their trading ventures. It seems this term has now gained some notoriety than when I first visited this thread when I only kept assumptions as to what it meant.Truly, trading is a game of emotions and patience and this behavior only means that all those things have collapsed and the trader is mentally on the verge of breaking down. I am sure this can be prevented and with caution one can avoid such things from happening. Like I said before, this is similar to chasing losses of gambling which has a devastating outcome.
Why not start with dummy trading and then you can identify your mistakes easily without actually losing money? It can help reveal your compulsive nature as well, in which case I would suggest against trading.
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 the worst thing that you can do to yourself and your account as well. Trading is a test of your emotional intelligence and patience. Things like revenge trading will only make you do hasty decision making nothing other than that. Which will give you even more losses and you'll become even more hungry for revenge and go into even more loss this cycle would continue until you blow your account.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 ?
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 want to believe that people participate in revenge trading in an effort to repair the harm previously done. They want to feel just as they did prior to their loss of money. And they believe that if they act swiftly, they will rapidly recover their investment. Revenge traders frequently increase their deal amount and seek out new trades right away. When trading in revenge for a loss, traders view the market through a different lens than they did before. It only concerns getting back. They don't take into account your stops, risks, or suggestions. Identify when you feel this way and put a break in place.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 ?
because the main thing that you do have in mind is to get back those losses as much as possible and you would be lose off track on things that you should need to follow and this is where things even
more messy considering that high chance of losing more.
This is like gambling and chasing losses is never been ideal whether you are dealing with gambling or trading.It would really be just the same where this
behavior could put you into more deeper trouble.
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 want to believe that people participate in revenge trading in an effort to repair the harm previously done. They want to feel just as they did prior to their loss of money. And they believe that if they act swiftly, they will rapidly recover their investment. Revenge traders frequently increase their deal amount and seek out new trades right away. When trading in revenge for a loss, traders view the market through a different lens than they did before. It only concerns getting back. They don't take into account your stops, risks, or suggestions. Identify when you feel this way and put a break in place. 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 ?
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 ?
Obviously doing such a thing is a mistake and this shows that the person did not really test whatever strategy they were using, because if they did they will realize that even when you have a good strategy you can still lose many times in a row, and my advice to them is simple, take a break, if you have lost several trades and you are feeling bad about it then do something else, the markets are not going to disappear just because you do not trade them for a day or two, do something else and once you are over it then you can trade again. 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 ?
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