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Economy => Trading Discussion => Topic started by: Gooner0 on August 17, 2024, 07:37:22 PM



Title: Never revenge the market!
Post by: Gooner0 on August 17, 2024, 07:37:22 PM
We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece . No!
First of all you have to see to it that you are psychologically prepared to trade, you need to build confidence..
No matter how much you've lost you need to take a break, get your mind off do something that can help build confidence, restrategize
Trade risk free, trade like you haven't had any losses not like a gambler.
A friend of mine who lost hope in trading was advicing some one else , he said " if you wanna go into trading you need to have a family doctor close by"😂
I laughed my eyes out, but in order to avoid the same ordeal he went through I learnt to trade this way, I make sure I bear in mind that no matter the outcome I'm ready for it .
This is how you trade, it's all about composure, belief etc.


Title: Re: Never revenge the market!
Post by: bitLeap on August 17, 2024, 08:22:53 PM
You speak when conditions may be under control but when everything is beyond prediction there will be so much doubt either because you feel unsatisfied or because you are applying the wrong trading technique. Trading involves everything mood, readiness to lose, management in a specified profit percentage and must be able to restrain yourself when you feel the market can still be profitable. Everything that has been planned is not always in your grasp, as you said do not take revenge on the market.

No matter how much you've lost you need to take a break, get your mind off do something that can help build confidence, restrategize
Trade risk free, trade like you haven't had any losses not like a gambler.
No, trading is trading even if you make it simple, as long as the market moves up and down, there is no real peace that makes you breathe a sigh of relief. Instead, trade seriously and carefully as if you have no more capital because that way you will demand yourself to focus on avoiding mistakes.


Title: Re: Never revenge the market!
Post by: Issa56 on August 17, 2024, 08:39:57 PM
We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece . No!
When you're trading and you experience a loss, then it’s just better to stop trading at that particular time and come back another time. But if you are trying to win back the amount you have lost, then you just settle a trap for yourself, because at that moment, there are higher chances that you're going to keep on losing when you're trying to win back your loss. So in trading, there are some times when you are just supposed to stop trading, whether you are winning or losing.

A friend of mine who lost hope in trading was advicing some one else , he said " if you wanna go into trading you need to have a family doctor close by"😂
Seriously, I will say not everyone is supposed to be trading. If you know trading is not for you, then it’s better you stop trading. Instead of causing yourself some health challenges, there are other things you can do to make money. Instead of trading, you can just decide to invest, and if you're investing, make sure it’s in bitcoin.


Title: Re: Never revenge the market!
Post by: Aanuoluwatofunmi on August 17, 2024, 08:42:13 PM
We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece .

We cant chase after losses on trades, if not we may continue to make loses and never have a single opportunity of recovering back, instead, we need to only intensify what we know about trading and improve on our strategies in trading, this may help to an extent, the more we are having a better understanding regarding how to trade and keep improving on our exposures on it,  we are going to have more better opportunities ahead of is irrespective of the strategies we have adopted for use already.


Title: Re: Never revenge the market!
Post by: Zaguru12 on August 17, 2024, 09:22:30 PM
We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece . No!
First of all you have to see to it that you are psychologically prepared to trade, you need to build confidence..
No matter how much you've lost you need to take a break, get your mind off do something that can help build confidence, restrategize
Trade risk free, trade like you haven't had any losses not like a gambler.

This is the best advise that someone can every get in trading, once you get to this level of psychology I think you have defeated most of the obstacles of trading. One key thing is many people get pushed by emotions not only during losses in trading but also when they win. What you described now is what I referred to as revenge trading because you want to get back what the market got from you while other one is getting ver trading when you are winning the euphoria makes you to take more trade again and again or probably add more leverage to it until maybe you lose everything back again. The end result for the two forms of trading is you end up losing because most of this sets up are against both your analysis and also trading plan. If it is tow trades you take a day then stick to it no matter what happens, you can only get better with consistency not with pace


Title: Re: Never revenge the market!
Post by: RockBell on August 17, 2024, 09:46:57 PM
We cant chase after losses on trades, if not we may continue to make loses and never have a single opportunity of recovering back, instead, we need to only intensify what we know about trading and improve on our strategies in trading, this may help to an extent, the more we are having a better understanding regarding how to trade and keep improving on our exposures on it,  we are going to have more better opportunities ahead of is irrespective of the strategies we have adopted for use already.

What is lost is lost so I don't see a reason why you will want to recover your money and if any more is lost during trade because your mind might not be focusing on moving forward rather you will be looking for ways to make back the money that have be lost it is better to focus on other things, I know a lot of people will be doing what they call revenge trading and that is a very bad habit that most traders love doing, and when they eventually don't get back their capit and their interest they just see it as if trading is hard and is not a good business not knowing or forgetting that it is their fault. What I expect with a lot of them is that when you fail what you should do is to try and improving instead of trying to get back what is lost to me that is very lame, the way forward how to be a better trader and every trader should have people they look up to so that they can use those people life style to encourage their self to be a better trader, trading is mindset and how your journey will be depends on how you show dedication and also have to be patient and don't be driven by emotions. That is what bring about revenge trading and more.


Title: Re: Never revenge the market!
Post by: Rruchi man on August 17, 2024, 09:59:15 PM
Just because you've lost a lot doesn't mean your next strategy is to get back all your losses on one piece . No!
With proper risk management as a trader, you will lose less. Traders who really understand risk management rarely get their accounts blown.

Secondly, the market does not care if you just lost, and if you trade with depression trying to get back your money, it will eat you again if you make a wrong trading decision.


Title: Re: Never revenge the market!
Post by: mirakal on August 17, 2024, 11:45:59 PM
We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece .

We cant chase after losses on trades, if not we may continue to make loses and never have a single opportunity of recovering back, instead, we need to only intensify what we know about trading and improve on our strategies in trading, this may help to an extent, the more we are having a better understanding regarding how to trade and keep improving on our exposures on it,  we are going to have more better opportunities ahead of is irrespective of the strategies we have adopted for use already.
Know your limits in trading. Learn to trade when there are high probability to be in profits, but learn not to trade when you only see are possible losses in the end. After all, you will eventually make profits if you know what you are doing without taking a revenge in the market, because obviously no one can beat such an unpredictable market. You can trade and make possible profits, but you can never chase all your losses and turn them all into profits the next time you trade.


Title: Re: Never revenge the market!
Post by: adaseb on August 18, 2024, 05:21:04 AM
Revenge trading is more common than you think. Basically someone makes a loss and then they try and win back that loss by adding more leverage to their trade, sometimes it works and sometimes it makes the matter worse.

You can easily see this in the candle sticks, how many times is there a huge dump, and then the market stalls and you think its going to go down further, instead it has a huge pump, and then again stalls and then you think its going to keep going up but instead it reverses and goes back down. You can see where many traders got stopped and reversed their trade only to get stopped again.


Title: Re: Never revenge the market!
Post by: Alana Arden on August 18, 2024, 09:05:57 AM
That's exactly the kind of revenge that worked for me at the beginning of the trade. I couldn't hold back my emotions when I lost a trade. I would take the trade again to recover my losses. But most of the time I had to stay in Los Angeles and suffer more losses than I had before. I used to become disinterested in trading; I would be disappointed.
 Later, I gradually realized that trading cannot be done with passion, revenge, or stubbornness. While trading, you have to get out of your emotions, have patience, and have a proper understanding of the market. If you experience a loss while trading, it is wise to get out of the trade rather than proceed with anger or revenge. Otherwise, your loss will make you more crazy, and you will suffer from emotional pain.


Title: Re: Never revenge the market!
Post by: TheUltraElite on August 18, 2024, 09:12:43 AM
A winner vs loser mindset is common in every human. This will work when brawns are need and not brains.

In trading you need the brains part. This means that when you are losing in trading you need to back off and wait it out. Not go guns blazing, you will get ripped apart. This often is not possible for new kids on the trading block.

However, trading should be limited to spot trading to be able to use these methods. If you are going for anything else than spot trading then you are not trading but gambling in which case, the less you do it, the more money you will save.


Title: Re: Never revenge the market!
Post by: ancafe on August 18, 2024, 09:48:27 AM
We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece . No!
First of all you have to see to it that you are psychologically prepared to trade, you need to build confidence..
No matter how much you've lost you need to take a break, get your mind off do something that can help build confidence, restrategize
Trade risk free, trade like you haven't had any losses not like a gambler.
There is nothing easy to make money because it requires the ability to recognize. Trading has a high level of difficulty because we must have a view to see the process of the journey of the coins being traded. To improve trading skills, knowledge and experience are needed so that people have an idea when they want to run it.

Psychology is greatly affected when someone experiences a loss and if they are not ready to face the risk, the impact will be greater. The ability to control risk is needed so that psychology is not so disturbed when experiencing losses in trading.

A friend of mine who lost hope in trading was advicing some one else , he said " if you wanna go into trading you need to have a family doctor close by"😂
I laughed my eyes out, but in order to avoid the same ordeal he went through I learnt to trade this way, I make sure I bear in mind that no matter the outcome I'm ready for it .
This is how you trade, it's all about composure, belief etc.
We can achieve this method when we are able to be responsible for the trades we make and as much as possible maintain opportunities to avoid the risks generated. Knowledge is a basis for someone to avoid risk, but we must also understand that trading is indeed quite close to risk. At least what we have to do is minimize and have a view when running it.


Title: Re: Never revenge the market!
Post by: Mr.sprin on August 18, 2024, 10:57:07 AM
A winner vs loser mindset is common in every human. This will work when brawns are need and not brains.

In trading you need the brains part. This means that when you are losing in trading you need to back off and wait it out. Not go guns blazing, you will get ripped apart. This often is not possible for new kids on the trading block.

However, trading should be limited to spot trading to be able to use these methods. If you are going for anything else than spot trading then you are not trading but gambling in which case, the less you do it, the more money you will save.

In trading, you really need a lot of patience, don't get discouraged and frustrated quickly, failure will come to people who are lazy to do it, but failure will disappear when we keep trying without giving up, but in trading, when you start, first explore the knowledge until you are mature, then you can To begin with, apart from exploring strong mental knowledge, it is also necessary because no matter how losses will come to us, it depends on us whether we play with emotions or are full of multiplication, so that we don't lose too much at any time, patience must also be applied so that when we trade at a loss, we get emotional and let out emotions. get angry at other people, play with a healthy brain and mind so that we don't offend other people when trading is not in our favor.


Title: Re: Never revenge the market!
Post by: $weetne$$ on August 18, 2024, 11:10:27 AM
We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece . No!
First of all you have to see to it that you are psychologically prepared to trade, you need to build confidence..
No matter how much you've lost you need to take a break, get your mind off do something that can help build confidence, restrategize

This is the first thing I was taught when I was learning how to trade and I think others too that learnt how to trade where taught the same thing regardless of when the lesson came because revenge trading is the cause of most losses in trading. A trader might not have lost much from his trading sessions because he would had set his stop loss ahead of time but when he loses and decide that he wants to revenge his lost. He might forget to set the stop loss or decide that he does not need it and then he loses, the margin will be more than the first one and when he continues, there goes all the capital that he would had budgeted to be used for trading in the week being spent in just one trading session. When you lose, it is always wiser to take a break and  try again without reminder of your lost.


Title: Re: Never revenge the market!
Post by: slaman29 on August 18, 2024, 12:32:17 PM
Revenge trading is more common than you think. Basically someone makes a loss and then they try and win back that loss by adding more leverage to their trade, sometimes it works and sometimes it makes the matter worse.

You can easily see this in the candle sticks, how many times is there a huge dump, and then the market stalls and you think its going to go down further, instead it has a huge pump, and then again stalls and then you think its going to keep going up but instead it reverses and goes back down. You can see where many traders got stopped and reversed their trade only to get stopped again.

As someone who constantly says that majority of 'traders' are gamblers (especially on forums actually lol), and someone who says that majority of 'traders' have no idea that they are actually doing 2% trading and 98% random blindly following instinct and gut, I definitely think revenge trading is super common.

When do losing traders come out or rant or regret? Not at 80% bankroll, not at 50% bankroll. But at Almost Zero bankroll.

And how do you get almost zero? Revenge trading, how else :)


Title: Re: Never revenge the market!
Post by: SquirrelJulietGarden on August 18, 2024, 12:46:47 PM
First of all you have to see to it that you are psychologically prepared to trade, you need to build confidence..
Before trading, prepare many things, first of all, knowledge is mandatory. Next steps can be practice with demo trading and use Trading view with back testing if  you can write your trading scripts as it can help you to test your strategy with backward test and you can do it for several weeks to see quality of your trading strategy.

The very last step is trading with actual fund but make sure you allocate small fund to practice trading. Afford to lose it but by using small part of your fund, you will not end your life, kill yourself if you lose in very first tradings.

Quote
Trade risk free, trade like you haven't had any losses not like a gambler.
In trading, no risk-free trading. There is always risk existence in the market but by choosing good entries, you reduce risk for your trading position.


Title: Re: Never revenge the market!
Post by: Unitedbountycommunity1 on August 18, 2024, 01:18:08 PM
First of all you have to see to it that you are psychologically prepared to trade, you need to build confidence..
Before trading, prepare many things, first of all, knowledge is mandatory. Next steps can be practice with demo trading and use Trading view with back testing if  you can write your trading scripts as it can help you to test your strategy with backward test and you can do it for several weeks to see quality of your trading strategy.

The very last step is trading with actual fund but make sure you allocate small fund to practice trading. Afford to lose it but by using small part of your fund, you will not end your life, kill yourself if you lose in very first tradings.

Quote
Trade risk free, trade like you haven't had any losses not like a gambler.
In trading, no risk-free trading. There is always risk existence in the market but by choosing good entries, you reduce risk for your trading position.
You are right There are various scammers working in today's markets, it is important to stay away from them. It is necessary to know about it before doing any trading.


Title: Re: Never revenge the market!
Post by: Pandu Geddon on August 18, 2024, 02:35:42 PM
We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.

traders who want to quickly seize their losses will of course tend to trade with their emotions. it will not bring good results, but on the contrary, only pressure will damage the trader's concentration.

such a situation may occur to traders. not accepting losses, and it is also natural for traders to experience. but recovering losses of course requires a process. traders must plan well and not panic when trading. may not be able to immediately recover losses at once, but gradually it should be possible if traders are calmer and more consistent.


Title: Re: Never revenge the market!
Post by: GigaBit on August 18, 2024, 05:09:37 PM
A winner vs loser mindset is common in every human. This will work when brawns are need and not brains.

In trading you need the brains part. This means that when you are losing in trading you need to back off and wait it out. Not go guns blazing, you will get ripped apart. This often is not possible for new kids on the trading block.

However, trading should be limited to spot trading to be able to use these methods. If you are going for anything else than spot trading then you are not trading but gambling in which case, the less you do it, the more money you will save.

In trading, you really need a lot of patience, don't get discouraged and frustrated quickly, failure will come to people who are lazy to do it, but failure will disappear when we keep trying without giving up, but in trading, when you start, first explore the knowledge until you are mature, then you can To begin with, apart from exploring strong mental knowledge, it is also necessary because no matter how losses will come to us, it depends on us whether we play with emotions or are full of multiplication, so that we don't lose too much at any time, patience must also be applied so that when we trade at a loss, we get emotional and let out emotions. get angry at other people, play with a healthy brain and mind so that we don't offend other people when trading is not in our favor.
There is no ‍alternative for patience to be successful in every endeavor. If you don't succeed in something and then give it up, you can never succeed from there. But even if you fail at a task, if you study it and stick to it until you succeed, then success will come at some point. To develop oneself as an efficient trader on this platform, one needs to stick with patience and acquire knowledge and skills related to trading. There is no guarantee that a trader will be profitable in the beginning but if he can manage the trading within his capacity then he can definitely be an experienced trader. There can be any profit and loss in trading but by applying proper knowledge and strategy one can profit from this platform.


Title: Re: Never revenge the market!
Post by: kentrolla on August 18, 2024, 07:27:18 PM
Agreed with your thoughts and the reason people make this mistake is due to their misunderstanding about the whole concept of trading as they think they can because rich within days once they start and they have this assumption that even if they lose multiple trade they can recover it same time with one winning trade which makes them more prone to losing and shelling it all.

There has to be a strategy and patience is the most important aspect of trading, I have made such mistakes during my initial days as I have lost a lot in futures trading as well which was form of revenge trading.


Title: Re: Never revenge the market!
Post by: Natalim on August 18, 2024, 11:31:43 PM
We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece .

We cant chase after losses on trades, if not we may continue to make loses and never have a single opportunity of recovering back, instead, we need to only intensify what we know about trading and improve on our strategies in trading, this may help to an extent, the more we are having a better understanding regarding how to trade and keep improving on our exposures on it,  we are going to have more better opportunities ahead of is irrespective of the strategies we have adopted for use already.
Its really impossible to trade with profits every after losses, because even professionals still cannot manage their trades well and still end up losing consecutively. Don’t chase over the market and do revenge. You will never win over a highly speculative trading market. Instead, trade with small funds only so that you can manage your small losses every now and then, and develop more working strategies in case you are losing consistently with your current strategy.


Title: Re: Never revenge the market!
Post by: Dr.Bitcoin_Strange on August 19, 2024, 09:58:36 AM
As a trader, it's wise to know that the crypto market is very dynamic; even if you feel you have the right winning strategy to profit from the market trend, the price can still go against your prediction. That's why a trader must be ready to accept whatever result they get and also plan not to venture into revengeful trading habits because it can cause more losses. It's better to enter a position if the signal is very strong rather than enter a risky position that is not yet very certain. 


Title: Re: Never revenge the market!
Post by: Barikui1 on August 19, 2024, 10:58:22 AM
We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece . No!
First of all you have to see to it that you are psychologically prepared to trade, you need to build confidence..
No matter how much you've lost you need to take a break, get your mind off do something that can help build confidence, restrategize
Trade risk free, trade like you haven't had any losses not like a gambler.
A friend of mine who lost hope in trading was advicing some one else , he said " if you wanna go into trading you need to have a family doctor close by"😂
I laughed my eyes out, but in order to avoid the same ordeal he went through I learnt to trade this way, I make sure I bear in mind that no matter the outcome I'm ready for it .
This is how you trade, it's all about composure, belief etc.
It's actually not just sad but also pathetic for most traders to still think that way, thinking that they can get back what they have lost by force, by doing revenge trading, they don't know that the way trading is designed, once you start making any emotional decisions, you are bound to lose more money, but most times most traders will be too blind to see, because their emotions is totally in control of them, and as a trader, if you can't be in control of your emotions, then you aren't ready to make money in trading.

Secondly, when talking of revenge trading, I believe that is mainly done by newbies traders, not experience traders, because experience traders have been in the market long enough to understand that anytime you gets emotional while trading, you are definitely sure of losing money, so I believe that it's mostly newbies traders that falls into the trap of doing revenge trading, unless an experience trader just want to be stupid, by doing something that he already knew of the final outcome.


Title: Re: Never revenge the market!
Post by: arwin100 on August 19, 2024, 12:15:19 PM
We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece .

We cant chase after losses on trades, if not we may continue to make loses and never have a single opportunity of recovering back, instead, we need to only intensify what we know about trading and improve on our strategies in trading, this may help to an extent, the more we are having a better understanding regarding how to trade and keep improving on our exposures on it,  we are going to have more better opportunities ahead of is irrespective of the strategies we have adopted for use already.
Its really impossible to trade with profits every after losses, because even professionals still cannot manage their trades well and still end up losing consecutively. Don’t chase over the market and do revenge. You will never win over a highly speculative trading market. Instead, trade with small funds only so that you can manage your small losses every now and then, and develop more working strategies in case you are losing consistently with your current strategy.

We are been bothered by losses happened to us and for sure that we cannot think properly that's why its more better for us to stop our trading activity for a while if we already experience a heavy loss.

Much better to think about having a new session especially if we feel relax and we can do that maybe in next day. Revenge trading is like chasing our losses back, this is not good attitude to have by traders since usually we will just end up being problematic on possible next action we do. Dealing with market is stressful and it will add up those negative vibes if we are starting to lose so we need to think more better and accept that there are days we became a total loser.


Title: Re: Never revenge the market!
Post by: Awaklara on August 19, 2024, 01:25:36 PM
As a trader, it's wise to know that the crypto market is very dynamic; even if you feel you have the right winning strategy to profit from the market trend, the price can still go against your prediction. That's why a trader must be ready to accept whatever result they get and also plan not to venture into revengeful trading habits because it can cause more losses. It's better to enter a position if the signal is very strong rather than enter a risky position that is not yet very certain. 
that's right, maybe such a situation is often experienced by those who start day trading. and will force themselves to trade even though the market situation may not be very supportive.
some losses can occur in forced trading. but clearing a grudge against the market and forcing yourself to make a profit can mess up your trading. that's because when it's possible that people who are influenced by grudges and ambitions can plan their trades to the maximum.


Title: Re: Never revenge the market!
Post by: Hurley27 on August 19, 2024, 01:41:30 PM
As a trader, it's wise to know that the crypto market is very dynamic; even if you feel you have the right winning strategy to profit from the market trend, the price can still go against your prediction. That's why a trader must be ready to accept whatever result they get and also plan not to venture into revengeful trading habits because it can cause more losses. It's better to enter a position if the signal is very strong rather than enter a risky position that is not yet very certain.

Spot on. Crypto and forex, stock markets move significantly different. One should not apply the same strategies they use in forex to crypto. Crypto markets a significantly more impulsive and volatile markets. They are not bound by the traditional ranges of the forex markets and being unregulated, crypto can soar or dive very quickly.



We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece .

We cant chase after losses on trades, if not we may continue to make loses and never have a single opportunity of recovering back, instead, we need to only intensify what we know about trading and improve on our strategies in trading, this may help to an extent, the more we are having a better understanding regarding how to trade and keep improving on our exposures on it,  we are going to have more better opportunities ahead of is irrespective of the strategies we have adopted for use already.
Its really impossible to trade with profits every after losses, because even professionals still cannot manage their trades well and still end up losing consecutively. Don’t chase over the market and do revenge. You will never win over a highly speculative trading market. Instead, trade with small funds only so that you can manage your small losses every now and then, and develop more working strategies in case you are losing consistently with your current strategy.

Diversifying your strategies will help SIGNIFICANTLY as a trader. The problem with ppl who use one strategy is that very often they don't get all conditions required to enter a trade. As such, there will be a lot of sitting around. Then the FOMO (fear of missing out) psychology kicks in and they enter trades which don't satisfy all the prerequisites for their strategy. If you have a range of strategies (backtested) and know when and how to use and apply indicators, you will for sure get quite a few trade opportunities and even better, you will have several options when looking for confluences. Risk management should always be employed and this is something that most traders tend not to respect.


Title: Re: Never revenge the market!
Post by: shawonngp on August 20, 2024, 02:38:32 PM
Revenge with market it's not a good idea in trading, but the mindset of many of us is that, after giving a loss then we want to recover it again very quickly at any cost, but i see in the most cases the result are more terrible, because when a trader trying to trade with high leverage, most of the traders can not success.


Title: Re: Never revenge the market!
Post by: crwth on August 20, 2024, 02:49:26 PM
It is like gambling and revenge betting because you lose a lot first. I think that would become so emotional that it wouldn’t always be the right decision. I do hope that No one does, and even more not having leverage trades if you cannot afford it.

It is better to relax and then trade again.


Title: Re: Never revenge the market!
Post by: jaberwock on August 20, 2024, 03:16:33 PM
We all know how profitable trading can be
I think that sounds like it is really profitable but I think that's not really true. Often times I heard horrible stories about trading, especially from the newbies, while those who already gained enough experience can only earn sufficient amounts to recover what they have risk and there can only be rare times where they can earn a really good profits. It's either they get lucky or the market is in really good shape.

We cant chase after losses on trades
Of course we can, I mean it is possible but it is not advisable because this is an act of greediness and usually, we can only make another loss after the other. It is like there is a curse on it but a scientific explanation is we are not yet prepared (i.e. we lack in analysis).


Title: Re: Never revenge the market!
Post by: bitgolden on August 20, 2024, 04:46:32 PM
First of all you have to see to it that you are psychologically prepared to trade, you need to build confidence..
No matter how much you've lost you need to take a break, get your mind off do something that can help build confidence, restrategize
Being confident by preparing ourselves mentally are kind of things what mentors do teach to their paid subscribers or beginners but I am not seeing nothing works at the end of the day in day trading. Still what I agree with you here on this topic is, never treat market as your enemy for your loses. It is not the market which took your money but a fellow trader who is just like you but another person, that's all.

Taking a break may get you forget all your bitter things which just happened in your last sessions of trading. Other than this, no other benefits we can enjoy in your trading after a break. Re-strategize will help you to delay your next trade but I am 100% sure your new strategy got nothing to do with your next result. In other terms, your profit making chance is purely depends on your luck in day trading.

Instead, trade seriously and carefully as if you have no more capital because that way you will demand yourself to focus on avoiding mistakes.
If we are capable of avoiding mistake then we can be billionaires out of trading for sure. But the truth is market volatility will enforce the traders to commit the mistakes, no escape from this. In other terms, there are millions of possibility for missing something in day trading; your memory power will not be enough to remembering all your past experiences to avoid your mistakes even if you are careful on not repeating your own mistake, there are other pits to fall into.

Instead of trading, you can just decide to invest, and if you're investing, make sure it’s in bitcoin.
Yes, it is the only alternate for trading. People look for recovering their losses only from trading but they will quit trading when they realize about the possibility of recovering their losses in 100x from investing for years.


Title: Re: Never revenge the market!
Post by: justdimin on August 20, 2024, 04:49:49 PM
Know your limits in trading. Learn to trade when there are high probability to be in profits, but learn not to trade when you only see are possible losses in the end. After all, you will eventually make profits if you know what you are doing without taking a revenge in the market, because obviously no one can beat such an unpredictable market. You can trade and make possible profits, but you can never chase all your losses and turn them all into profits the next time you trade.
That is true, if you do not want to take a revenge but instead try to learn and navigate through this market without an issue then you will be able to make a lot more profit. Revenge isn't a feeling that is helpful and I believe that you should be considering how to get better results over a period of time, if you can do that then you are going to be fine.

Remember, making money in the crypto market only happens if you study the market well enough and trading, you should know all the indicators, chart reading, technical analysis, and in the end if you still lose that's bad luck but you should normally be in a situation where you would be making a good amount of money, without that type of thing you are going to end up with issues so always have a better result whenever you could do that. Obviously a lot of people also just trade wildly without looking at anything else and put it on like memes or stuff and they lose it all, don't be risk taker in that sense.


Title: Re: Never revenge the market!
Post by: Fiatless on August 20, 2024, 05:18:20 PM
Seriously, I will say not everyone is supposed to be trading. If you know trading is not for you, then it’s better you stop trading. Instead of causing yourself some health challenges, there are other things you can do to make money. Instead of trading, you can just decide to invest, and if you're investing, make sure it’s in bitcoin.
Traders suffer from health problems because they invest more than they can bear. I also agree that trading is not for everybody because not everyone can take risks or endure losses. I usually advise people not to engage in trading because somebody recommended the profession. They have to consider their health and temperament. Other businesses are very lucrative besides trading. 

As a trader, it's wise to know that the crypto market is very dynamic; even if you feel you have the right winning strategy to profit from the market trend, the price can still go against your prediction. That's why a trader must be ready to accept whatever result they get and also plan not to venture into revengeful trading habits because it can cause more losses. It's better to enter a position if the signal is very strong rather than enter a risky position that is not yet very certain. 
Revenging the market is like chasing losses in gambling. When you feel that you have devised a strategy that you will adopt to regain your losses, you might end up losing more. The best approach is to always maintain your risk level and budget even if you have experienced some losses before. A boxer who goes into the ring, because he wants to revenge his past defeat, might make costly mistakes because he is not psychologically balanced. I prefer to take a long break after successive losses than to embark on the dangerous pursuit of revenging the market. 




Title: Re: Never revenge the market!
Post by: livingfree on August 20, 2024, 05:32:20 PM
I agree about taking a break. Many don't take break when they are losing. It's almost the same as gambling when they think that recovery in trading and against the market is very easy and comfortable.

It doesn't go like that too easy because it takes time until someone is able to read the market and trade and become emotionless.

Who are able to market are the ones that don't get triggered quickly. They have plans that they are following and they don't take someone's advise as their financial advise because they have their plans.


Title: Re: Never revenge the market!
Post by: Mahanton on August 20, 2024, 08:59:12 PM
Seriously, I will say not everyone is supposed to be trading. If you know trading is not for you, then it’s better you stop trading. Instead of causing yourself some health challenges, there are other things you can do to make money. Instead of trading, you can just decide to invest, and if you're investing, make sure it’s in bitcoin.
Traders suffer from health problems because they invest more than they can bear. I also agree that trading is not for everybody because not everyone can take risks or endure losses. I usually advise people not to engage in trading because somebody recommended the profession. They have to consider their health and temperament. Other businesses are very lucrative besides trading. 

As a trader, it's wise to know that the crypto market is very dynamic; even if you feel you have the right winning strategy to profit from the market trend, the price can still go against your prediction. That's why a trader must be ready to accept whatever result they get and also plan not to venture into revengeful trading habits because it can cause more losses. It's better to enter a position if the signal is very strong rather than enter a risky position that is not yet very certain. 
Revenging the market is like chasing losses in gambling. When you feel that you have devised a strategy that you will adopt to regain your losses, you might end up losing more. The best approach is to always maintain your risk level and budget even if you have experienced some losses before. A boxer who goes into the ring, because he wants to revenge his past defeat, might make costly mistakes because he is not psychologically balanced. I prefer to take a long break after successive losses than to embark on the dangerous pursuit of revenging the market. 



Precise comparison on which its true that revenge into the market would really be same as goes when you are trying out to chase loses on the time that you do gambling on which we do know that its really that advisable or recommended on doing such stuff on which we know that this would really be that resulting into that huge disaster on the time that you would really be having this kind of behavior.
You cant really just that make yourself be that totally safe on the time that you would really be hovering yourself towards the market. It would really be that recommended that you should
really be that making yourself be versatile on whatever the conditions that you would really be taking. Never ever make yourself that having that kind of impulsive feeling.

On the time or moment that you would really be trying out to have such behavior then it wont really be that much different when you do gambling and this is something that you must avoid
as much as you could because it would really be resulting into negative when you are really that trying to tolerate out such condition. This is why it would really be that
important that you should really be trying out to adjust accordingly on what must done.


Title: Re: Never revenge the market!
Post by: Questat on August 20, 2024, 09:59:06 PM
Even of you decide to make a revenge on the market, you will never be successful on that, simply because the market has always an edge over its traders. Don't rush into trading and make consistent losses, that only proves that you are not good enough as a trader. But learn from your mistakes and continue to learn, but never dare to chase over your losses and take a revenge, it's like you are barking at a wrong tree. Any trader cannot control how will the market moves in the future, but the market can always have an effect to us traders.


Title: Re: Never revenge the market!
Post by: Zigabel on August 20, 2024, 11:22:00 PM
We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece . No!
First of all you have to see to it that you are psychologically prepared to trade, you need to build confidence..
No matter how much you've lost you need to take a break, get your mind off do something that can help build confidence, restrategize
Trade risk free, trade like you haven't had any losses not like a gambler.
A friend of mine who lost hope in trading was advicing some one else , he said " if you wanna go into trading you need to have a family doctor close by"😂
I laughed my eyes out, but in order to avoid the same ordeal he went through I learnt to trade this way, I make sure I bear in mind that no matter the outcome I'm ready for it .
This is how you trade, it's all about composure, belief etc.
Revenge trade is the worse and yet un profitable form of trading that any trade would want to engage in, it also shows how unprofessional and unexperienced a trader is, this can also express how one isn't disciplined too aswell, but if the trader is disciplined enough, they will be able to accept losses when it comes and also be able to take profits in such a way that it wouldn't be get to them in a way they would want to try out some more risk when its not necessary.

The fried of yours   who was giving out such advise may be more of an emotional trader, such persons are those who are likely to make such comment because some how, they see trading as a gimmick and fail to understand that there can be more to trading than just coming on the charts and placing trades and hope to make profits of the trades they have placed over the times they did placed the trade. If you have been able to imbibe good discipline and trading habits, then you may not be needing to think of trading in that way. take charge of your emotions and get trading even better such that you will not be having to fear about having a doctor around.


Title: Re: Never revenge the market!
Post by: doomloop on August 21, 2024, 03:42:50 PM
We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece . No!
First of all you have to see to it that you are psychologically prepared to trade, you need to build confidence..
No matter how much you've lost you need to take a break, get your mind off do something that can help build confidence, restrategize
Trade risk free, trade like you haven't had any losses not like a gambler.
A friend of mine who lost hope in trading was advicing some one else , he said " if you wanna go into trading you need to have a family doctor close by"😂
I laughed my eyes out, but in order to avoid the same ordeal he went through I learnt to trade this way, I make sure I bear in mind that no matter the outcome I'm ready for it .
This is how you trade, it's all about composure, belief etc.
Being ready to accept any outcome is the first thing one should learn when they are getting into trading because no matter how good you become, you will not always be able to predict the moves of the market correctly, and there will be times when you will need to suffer losses and that should be okay for you because you should have your mind prepared to accept that. When you get into a volatile market, you should understand that there are going to be risks involved.

People who lack patience can barely become successful traders because they will give up easily. No matter what you do in this world, you can't become successful in the first attempt, even if you do, you shouldn't expect to stay successful forever. There will surely be ups and downs in the journey, so be ready for it.


Title: Re: Never revenge the market!
Post by: milewilda on August 21, 2024, 06:58:37 PM
We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece . No!
First of all you have to see to it that you are psychologically prepared to trade, you need to build confidence..
No matter how much you've lost you need to take a break, get your mind off do something that can help build confidence, restrategize
Trade risk free, trade like you haven't had any losses not like a gambler.
A friend of mine who lost hope in trading was advicing some one else , he said " if you wanna go into trading you need to have a family doctor close by"😂
I laughed my eyes out, but in order to avoid the same ordeal he went through I learnt to trade this way, I make sure I bear in mind that no matter the outcome I'm ready for it .
This is how you trade, it's all about composure, belief etc.
Being ready to accept any outcome is the first thing one should learn when they are getting into trading because no matter how good you become, you will not always be able to predict the moves of the market correctly, and there will be times when you will need to suffer losses and that should be okay for you because you should have your mind prepared to accept that. When you get into a volatile market, you should understand that there are going to be risks involved.

People who lack patience can barely become successful traders because they will give up easily. No matter what you do in this world, you can't become successful in the first attempt, even if you do, you shouldn't expect to stay successful forever. There will surely be ups and downs in the journey, so be ready for it.
Expect every possible out come and this would really be the key and this isnt something that will really be that making you that too impulsive because on the time that you had experienced something on which you hadnt been able to accept then you would really be finding yourself to be that highly reactive and because of that then you would really be that making actions on which arent supposed to be done. Just like on what others been saying above that you shouldnt really be that making yourself that chasing up those loses or simply making up some revenge trades because most of the time on which these kind of trades are really that having no to less analysis kind of trades or simply it is really that been driven with emotions and thats why it will really be not that always a good shot to be done by someone on the time that they do make trading.

It would really be that ideal that you would really be that making yourself that too desperate on which on the time that you would be losing up some trades then you would really be coming up wit that kind of behavior no whichwe know that this isnt really that recommended. Dealing up with unpedictable space would really be needing up kind of versatile kind of personality on which
you could really be able to adjust accordingly.


Title: Re: Never revenge the market!
Post by: stadus on August 21, 2024, 10:59:31 PM
Just because you've lost a lot doesn't mean your next strategy is to get back all your losses on one piece . No!
With proper risk management as a trader, you will lose less. Traders who really understand risk management rarely get their accounts blown.

Secondly, the market does not care if you just lost, and if you trade with depression trying to get back your money, it will eat you again if you make a wrong trading decision.

Traders who have high uncontrollable emotions tend to lose a lot, that’s exactly the reason why emotions should be avoided when trading, or else you will mess up with your trades and your funds if you trade following your emotions.

However, with proper risk management, you will minimize your losses as well as increasing your chances to trade for profits. But I think newbies in trading will hardly realize this, not unless they’ll experience trading first and gain consecutive losses, then they will realize that proper risk management should be applied at all times.


Title: Re: Never revenge the market!
Post by: betswift on August 22, 2024, 08:29:45 AM
As a trader, it's wise to know that the crypto market is very dynamic; even if you feel you have the right winning strategy to profit from the market trend, the price can still go against your prediction. That's why a trader must be ready to accept whatever result they get and also plan not to venture into revengeful trading habits because it can cause more losses. It's better to enter a position if the signal is very strong rather than enter a risky position that is not yet very certain. 

Yeah, sometimes things go south and you can't do anything with it. That wasn't your day, odds were stacked against you and factors that you analyzed didn't work out as intended.
Risk is always there, and there is nothing wrong with making mistakes or spending your funds wrong, but it's important to improve upon them.


Title: Re: Never revenge the market!
Post by: Gladitorcomeback on August 22, 2024, 10:24:13 AM
People who lack patience can barely become successful traders because they will give up easily. No matter what you do in this world, you can't become successful in the first attempt, even if you do, you shouldn't expect to stay successful forever. There will surely be ups and downs in the journey, so be ready for it.

Indeed. When it comes to volatile markets like the cryptocurrency market, it's all about patience because if you are impatient, you will lose both money and opportunities. You lose money when you close your trades at the wrong time, and you lose opportunities if you take positions quickly because sometimes you need to wait for the market to give you better opportunities to get more profit, impatience can make you lose such opportunities.

I've seen a lot of people buying Bitcoin when the price is high and even when the market is giving signals that it is going to have a correction, but they don't wait because they are impatient and they think they will miss profits if it goes up from there. This can also be because of a lack of knowledge and understanding of the market.

Hence, you are right that without patience, one can hardly gain success in anything they do, be it trading or something else.


Title: Re: Never revenge the market!
Post by: CageMabok on August 22, 2024, 12:36:53 PM
Revenge with market it's not a good idea in trading, but the mindset of many of us is that, after giving a loss then we want to recover it again very quickly at any cost, but i see in the most cases the result are more terrible, because when a trader trying to trade with high leverage, most of the traders can not success.
We also need to know why most traders fail in high leverage so that we can have a deeper understanding when we want to trade again in a certain leverage. Because we can also consider it as a lesson even though it happened to other people which in general can be considered a bitter experience for them, but it can be an important thing for us to know now. This means we need to see how most traders make decisions and strategies so that we can know why they can fail in certain conditions because market trends are not always the same from time to time.


Title: Re: Never revenge the market!
Post by: betswift on August 22, 2024, 05:42:01 PM
Revenge with market it's not a good idea in trading, but the mindset of many of us is that, after giving a loss then we want to recover it again very quickly at any cost, but i see in the most cases the result are more terrible, because when a trader trying to trade with high leverage, most of the traders can not success.
We also need to know why most traders fail in high leverage so that we can have a deeper understanding when we want to trade again in a certain leverage. Because we can also consider it as a lesson even though it happened to other people which in general can be considered a bitter experience for them, but it can be an important thing for us to know now. This means we need to see how most traders make decisions and strategies so that we can know why they can fail in certain conditions because market trends are not always the same from time to time.

Simply put: it's great to learn from your own mistakes, but it's ideal to learn upon others' mistakes ;D


Title: Re: Never revenge the market!
Post by: Dr.Bitcoin_Strange on August 22, 2024, 05:55:32 PM
As a trader, it's wise to know that the crypto market is very dynamic; even if you feel you have the right winning strategy to profit from the market trend, the price can still go against your prediction. That's why a trader must be ready to accept whatever result they get and also plan not to venture into revengeful trading habits because it can cause more losses. It's better to enter a position if the signal is very strong rather than enter a risky position that is not yet very certain. 
Revenging the market is like chasing losses in gambling. When you feel that you have devised a strategy that you will adopt to regain your losses, you might end up losing more. The best approach is to always maintain your risk level and budget even if you have experienced some losses before. A boxer who goes into the ring, because he wants to revenge his past defeat, might make costly mistakes because he is not psychologically balanced. I prefer to take a long break after successive losses than to embark on the dangerous pursuit of revenging the market.

That's right, I think every trader should be able accept their losses and know when to stop if the market is not favorable. That's what makes a professional traders more successful, they are able to understand that the market is dynamic and because of that, they can not have successful trade all the time and they equally apply risk management by activating the stop lose and take profit features.


Title: Re: Never revenge the market!
Post by: stomachgrowls on August 22, 2024, 06:59:46 PM
As a trader, it's wise to know that the crypto market is very dynamic; even if you feel you have the right winning strategy to profit from the market trend, the price can still go against your prediction. That's why a trader must be ready to accept whatever result they get and also plan not to venture into revengeful trading habits because it can cause more losses. It's better to enter a position if the signal is very strong rather than enter a risky position that is not yet very certain.
Revenging the market is like chasing losses in gambling. When you feel that you have devised a strategy that you will adopt to regain your losses, you might end up losing more. The best approach is to always maintain your risk level and budget even if you have experienced some losses before. A boxer who goes into the ring, because he wants to revenge his past defeat, might make costly mistakes because he is not psychologically balanced. I prefer to take a long break after successive losses than to embark on the dangerous pursuit of revenging the market.

That's right, I think every trader should be able accept their losses and know when to stop if the market is not favorable. That's what makes a professional traders more successful, they are able to understand that the market is dynamic and because of that, they can not have successful trade all the time and they equally apply risk management by activating the stop lose and take profit features.
Make yourself that prepared and make yourself having that kind of acceptance when it comes to various things specially when talking about losing trades. We should really be putting up into our minds that its never been that a guaranteed thing that you would really be making positive outcomes or results on the moment or time that you would be making up trades. This is why it would really be that important on which on the moment that you would really be finding yourself having those kind of positivity then better stop and quit it. You would be ending up on great disappointment on the time that the market would really be slapping up your face and knows about on the real things that you would really be able to encounter ahead. It would really be that important that you should really that know on what you should gonna do and its really that important.

Revenge trading would really be just that similarly talks about chasing up loses in gambling and its really that not recommended if you would really be trying out to put yourself
on such bad situation because this would really be that resulting into such negative outcome on which we know that chasing up loses will really be starting out to make yourself having no
analysis into your further actions on which this is something not recommended.


Title: Re: Never revenge the market!
Post by: el kaka22 on August 22, 2024, 07:01:24 PM
Trying to chase your loss doesn't work, because you are not really thinking straight and that causes you to lose a lot of money because you are not trading properly like you should. May too many people realize this, but usually after the fact, they look back at their trades and realize that it's actually not that profitable because of the mistakes they have done and see what the mistakes were and because of that they think that they should not do it again but sometimes they still do it.

I believe that people should realize that if you lose, just take a break and take a look at the mistake you did instead of chasing it, we should not really consider that as a big deal.

We need to consider what kind of business we are in, if we keep on talking about potential profit and chasing profits then we may not do fine, we need to realize that it's a whole market and everyone is trying to make a profit, so it's a very tough world and we need to be very careful because every mistake will be punished by someone else.


Title: Re: Never revenge the market!
Post by: skarais on August 22, 2024, 07:17:06 PM
Trying to chase your loss doesn't work, because you are not really thinking straight and that causes you to lose a lot of money because you are not trading properly like you should. May too many people realize this, but usually after the fact, they look back at their trades and realize that it's actually not that profitable because of the mistakes they have done and see what the mistakes were and because of that they think that they should not do it again but sometimes they still do it.

I believe that people should realize that if you lose, just take a break and take a look at the mistake you did instead of chasing it, we should not really consider that as a big deal.

We need to consider what kind of business we are in, if we keep on talking about potential profit and chasing profits then we may not do fine, we need to realize that it's a whole market and everyone is trying to make a profit, so it's a very tough world and we need to be very careful because every mistake will be punished by someone else.
When someone acts under the influence of emotions, it usually ends up harming themselves. It's hard to make truly wise decisions when we're emotional, so it's best to pause for a moment (hours or days) and then start thinking about strategy. The market is not always profitable and that is why traders cannot make profits consistently. I believe that trading every day is very time consuming and increases the potential for stress, as a result the potential for making wrong decisions also increases.

The best revenge is with strategy, not when you are emotional. You have to wait and set a really good strategy while preparing enough capital, when the time comes, hit it as hard as you can. If traders can do it like this, then they don't need to expect to make a profit every day because in just 1 right trade they can make a lot.


Title: Re: Never revenge the market!
Post by: betswift on August 22, 2024, 07:21:41 PM
Trying to chase your loss doesn't work, because you are not really thinking straight and that causes you to lose a lot of money because you are not trading properly like you should. May too many people realize this, but usually after the fact, they look back at their trades and realize that it's actually not that profitable because of the mistakes they have done and see what the mistakes were and because of that they think that they should not do it again but sometimes they still do it.

I believe that people should realize that if you lose, just take a break and take a look at the mistake you did instead of chasing it, we should not really consider that as a big deal.

We need to consider what kind of business we are in, if we keep on talking about potential profit and chasing profits then we may not do fine, we need to realize that it's a whole market and everyone is trying to make a profit, so it's a very tough world and we need to be very careful because every mistake will be punished by someone else.

When the odds are stacked against us, it's essential to take a deep breath, walk out of the potential disaster, and come back prepared for it. Better yet, with a plan for how to avoid it in the future ;D


Title: Re: Never revenge the market!
Post by: Finestream on August 22, 2024, 07:59:27 PM
Revenge with market it's not a good idea in trading, but the mindset of many of us is that, after giving a loss then we want to recover it again very quickly at any cost, but i see in the most cases the result are more terrible, because when a trader trying to trade with high leverage, most of the traders can not success.
We also need to know why most traders fail in high leverage so that we can have a deeper understanding when we want to trade again in a certain leverage. Because we can also consider it as a lesson even though it happened to other people which in general can be considered a bitter experience for them, but it can be an important thing for us to know now. This means we need to see how most traders make decisions and strategies so that we can know why they can fail in certain conditions because market trends are not always the same from time to time.
It's certain that those who try to trade with high leverage without enough skills and working strategy will definitely fail, that happens not only to few traders but majority really lose when they trade with high leverage knowing the market condition at times suddenly varies. That only proves that there's no certainty in trading, and trading at an average is the safer one. Also, having informed decisions and discipline in trading are great factors to succeed, things that most traders lack when they trade that's why a lot of them fail when trading.


Title: Re: Never revenge the market!
Post by: SamReomo on August 22, 2024, 08:07:12 PM
It's certain that those who try to trade with leverage without enough skills and working strategy will definitely fail
Even those with enough skills and with working strategies can fail with leverage trading. The higher is the leverage the more risky it gets and I believe a good trader often tires to reduce the risks by not relying a lot on leverage. I personally try to avoid leveraging most of the time.


Title: Re: Never revenge the market!
Post by: Viscore on August 22, 2024, 08:59:27 PM
Revenge by all means is really a risky move. You shouldn't be taking any revenge in the market just because you want to get back on your losses and create significant profits at the moment. Reality is no one can guarantee its trading outcome, so one shouldn't dare to take revenge most especially if what you are dealing is such an unpredictable market. You will only gain negative outcome instead of trying to save your losses and convert it into future profits.


Title: Re: Never revenge the market!
Post by: betswift on August 23, 2024, 05:54:39 AM
It's certain that those who try to trade with leverage without enough skills and working strategy will definitely fail
Even those with enough skills and with working strategies can fail with leverage trading. The higher is the leverage the more risky it gets and I believe a good trader often tires to reduce the risks by not relying a lot on leverage. I personally try to avoid leveraging most of the time.

Yep, leverage is a double-edged sword, and responsible and experienced traders don't grab a big one if using it at all, in my opinion, too ;D


Title: Re: Never revenge the market!
Post by: Rockstarguy on August 23, 2024, 02:03:30 PM
Revenge by all means is really a risky move. You shouldn't be taking any revenge in the market just because you want to get back on your losses and create significant profits at the moment. Reality is no one can guarantee its trading outcome, so one shouldn't dare to take revenge most especially if what you are dealing is such an unpredictable market. You will only gain negative outcome instead of trying to save your losses and convert it into future profits.
Trading is what people needs to be careful with because the market can't be predicted and it is impossible to achieve just the kind of profit we desire for ourselves. When their is lose in trading it should be something not to remember trying to recover it back, lose of money in trading should be a motivation to learn more, to make corrections of what could be the reason for the lose. Trying to recover money lose can be a reason to lose more in trading. The reason why people lose so much is because of greed, they feel trading much to recover lose money can make them yield more money not knowing that it can also lead to lose. Having understanding of when to stop trading is very important for traders, this is one of the strategy for risk management.


Title: Re: Never revenge the market!
Post by: Dr.Bitcoin_Strange on August 23, 2024, 04:04:49 PM
Risk is always there, and there is nothing wrong with making mistakes or spending your funds wrong, but it's important to improve upon them.

While taking such risk, it's wise to know what you are up against and also be confident to accept the losses that comes afterwards. Some persons are only pressing forward in taking those risk because they are expecting a huge profit in return, they don't tend to think that the market is dynamic and can still fail them if they don't take their time to make an accurate analysis for the market direction. One need to learn from their mistakes and improve themselve.


Title: Re: Never revenge the market!
Post by: Aanuoluwatofunmi on August 23, 2024, 05:18:38 PM
I laughed my eyes out, but in order to avoid the same ordeal he went through I learnt to trade this way, I make sure I bear in mind that no matter the outcome I'm ready for it .
This is how you trade, it's all about composure, belief etc.

Trading is not what we can just go into because we are more concerned with our desperation for making profits from it, things don't happen like that, we may just have to go through the learning process in knowing better on how to trade and get some little experience about it before starting, we can not also make a determination on a specific bid to go after any losses incur during the process, if we more more understanding on how to trade, we are going to have a reduced rate of falling from it to lose, and we may not have to view the market from a single approach because things can change at anytime when dealing with a volatile investments like crypto.


Title: Re: Never revenge the market!
Post by: jaberwock on August 23, 2024, 06:38:21 PM
When it comes to volatile markets like the cryptocurrency market, it's all about patience because if you are impatient, you will lose both money and opportunities. You lose money when you close your trades at the wrong time, and you lose opportunities if you take positions quickly because sometimes you need to wait for the market to give you better opportunities to get more profit, impatience can make you lose such opportunities.

I've seen a lot of people buying Bitcoin when the price is high and even when the market is giving signals that it is going to have a correction, but they don't wait because they are impatient and they think they will miss profits if it goes up from there. This can also be because of a lack of knowledge and understanding of the market.

Hence, you are right that without patience, one can hardly gain success in anything they do, be it trading or something else.
Buying when the price is high is unfortunately something way too many people do because of FOMO, they do not realize that when they are late they are late and there is nothing that you can do about it.

I personally feel that we should probably stay away from it as much as possible and because of that we could make a lot of money when the price actually goes down. I do not know why they do not do that and why they try to avoid this type of deal, but the reality is that we have to buy when it's low and not when it is high. There are so many people who do not see this growing, we need to make sure that it is going to be careful and we are going to be getting a greater result if we could just keep on holding as much as possible.


Title: Re: Never revenge the market!
Post by: Hamza2424 on August 23, 2024, 07:21:51 PM
Haha, that doctor's line was epic, so on that I would like to say, you need to control oil in your daily meal it will also help you to avoid heart attacks, buddy your tips are great and worth following all my fellow learners.

For the rest you need to remove this gambling thinking pattern associated with the trading market that if you've lost some funds make a trade and win them back, this is the only way to survive in this market.

 


Title: Re: Never revenge the market!
Post by: aylabadia05 on August 23, 2024, 08:28:45 PM
<snip>
Even those with enough skills and with working strategies can fail with leverage trading. The higher is the leverage the more risky it gets and I believe a good trader often tires to reduce the risks by not relying a lot on leverage. I personally try to avoid leveraging most of the time.
Leverage is a trap that is ready to blow you up at any time. This is not much different from gambling because I truly believe that anyone who trades with high leverage (right aligned) is just having high hopes for luck. Even though they do analysis before setting lavarage limits, I think 90% of them hope for luck. It's like playing near a well, they can fall deep if they're not careful and greedy.


Title: Re: Never revenge the market!
Post by: Lanatsa on August 23, 2024, 08:53:53 PM
When it comes to volatile markets like the cryptocurrency market, it's all about patience because if you are impatient, you will lose both money and opportunities. You lose money when you close your trades at the wrong time, and you lose opportunities if you take positions quickly because sometimes you need to wait for the market to give you better opportunities to get more profit, impatience can make you lose such opportunities.

I've seen a lot of people buying Bitcoin when the price is high and even when the market is giving signals that it is going to have a correction, but they don't wait because they are impatient and they think they will miss profits if it goes up from there. This can also be because of a lack of knowledge and understanding of the market.

Hence, you are right that without patience, one can hardly gain success in anything they do, be it trading or something else.
Buying when the price is high is unfortunately something way too many people do because of FOMO, they do not realize that when they are late they are late and there is nothing that you can do about it.

I personally feel that we should probably stay away from it as much as possible and because of that we could make a lot of money when the price actually goes down. I do not know why they do not do that and why they try to avoid this type of deal, but the reality is that we have to buy when it's low and not when it is high. There are so many people who do not see this growing, we need to make sure that it is going to be careful and we are going to be getting a greater result if we could just keep on holding as much as possible.
One of the most common mistake of a certain trader would really be doing having that kind of FOMO on which we know that this would really be something that very common mistake on which it would really be resulting out with that loss of money due into this kind of behavior on which this is something that we should really be careful. The main behavior for most people is that they would really be making  those all in buy or entry
on the moment that the price is already on that huge very long green candle and not on the time that the market is really that on bearish mode (speaking about solid project). You would really be able to find yourself get caught on the peak and on the moment that the market would really be having those corrections then you would really be ending up on loss or negative on which this would be causing up that huge impact into your trading capital.

This is why on the time that you would really be that making yourself having those kind of bad impressions then it would really be ending up on having that kind of chasing of loses just like on what you are doing
when you are gambling and this is something a behavior on which you shouldnt really be that tolerating because on the time that this would happen then for sure it would really be that a huge disaster.
This is why it would really be best that you should really know at least on how you would really be that making yourself having that kind of control and moderation on things.


Title: Re: Never revenge the market!
Post by: doomloop on August 24, 2024, 05:29:23 AM
Revenge by all means is really a risky move. You shouldn't be taking any revenge in the market just because you want to get back on your losses and create significant profits at the moment. Reality is no one can guarantee its trading outcome, so one shouldn't dare to take revenge most especially if what you are dealing is such an unpredictable market. You will only gain negative outcome instead of trying to save your losses and convert it into future profits.
Revenge is not only risky move with it's also ruin life as well because if you are having lost you have to stay calm and go through with better strategy instead of having some problematic things which are never been working for anyone we already talked many times about few things with patience is the best thing to have success in anything into life so if someone can stay calm and having ability to stop emotions after lost he can do better things in life because it's all about success and better change.

Trading has never been easy while you have mindset for doing things without any proper work or strategy because this all is needed few things which are important for any person to have success never try to rush in taking profit because this is important, but usually we have this mistake from the newbies and then loses which never came back.


Title: Re: Never revenge the market!
Post by: Septex on August 24, 2024, 06:42:26 AM
You must have proper knowledge about this before trading and you must research and analyze the market of the coin you will be trading otherwise you are more likely to lose than gain if you suddenly trade from here. So I would say if you are interested in trading then you can start trading with small funds if you get profit from here you will get motivation and in future with this motivation you will be interested to trade slowly and later on you will learn slowly. So I would say try to stay with more interested and experienced people before you trade.


Title: Re: Never revenge the market!
Post by: Farma on August 24, 2024, 07:45:59 AM
I laughed my eyes out, but in order to avoid the same ordeal he went through I learnt to trade this way, I make sure I bear in mind that no matter the outcome I'm ready for it .
This is how you trade, it's all about composure, belief etc.

Trading is not what we can just go into because we are more concerned with our desperation for making profits from it, things don't happen like that, we may just have to go through the learning process in knowing better on how to trade and get some little experience about it before starting, we can not also make a determination on a specific bid to go after any losses incur during the process, if we more more understanding on how to trade, we are going to have a reduced rate of falling from it to lose, and we may not have to view the market from a single approach because things can change at anytime when dealing with a volatile investments like crypto.
When someone decides to trade, of course they must first have good knowledge of trading because without having knowledge, of course they will not be able to make the right decisions and benefit them when trading and it is also very important for anyone who wants to start trading to first learn it and try with a little capital so that they can try again when they fail at the beginning of trying it and in trading of course many things can happen and when we fail, it would be better for us to stop for a moment because if we continue to chase losses, of course we cannot make the right decisions and re-analyze the trading that we do and never make decisions without analyzing before deciding something in trading.


Title: Re: Never revenge the market!
Post by: hyudien on August 24, 2024, 07:50:56 AM
Risk is always there, and there is nothing wrong with making mistakes or spending your funds wrong, but it's important to improve upon them.

While taking such risk, it's wise to know what you are up against and also be confident to accept the losses that comes afterwards. Some persons are only pressing forward in taking those risk because they are expecting a huge profit in return, they don't tend to think that the market is dynamic and can still fail them if they don't take their time to make an accurate analysis for the market direction. One need to learn from their mistakes and improve themselve.
I agree that when making a mistake it does not mean we are bad, because mistakes can happen anytime and anywhere and can be considered something natural. But the problem is that some of them misunderstand the natural here and that is not justified, we cannot justify mistakes that continue to repeat themselves, because following the logic at the beginning which considers mistakes to be something natural. We are required to always correct mistakes so that they do not happen in the future.
For example, I know that what we did before made us lose and we conclude it as a mistake. But at the same time we still do it again in the future, clearly that is a stupid thing.
We must remember that trading will be very sensitive because it is directly related to our finances, we must be smart about this.


Title: Re: Never revenge the market!
Post by: justdimin on August 24, 2024, 08:00:54 AM
Risk is always there, and there is nothing wrong with making mistakes or spending your funds wrong, but it's important to improve upon them.
While taking such risk, it's wise to know what you are up against and also be confident to accept the losses that comes afterwards. Some persons are only pressing forward in taking those risk because they are expecting a huge profit in return, they don't tend to think that the market is dynamic and can still fail them if they don't take their time to make an accurate analysis for the market direction. One need to learn from their mistakes and improve themselve.
It depends on the risk we are taking as well. I mean if you are taking some useless risk then its not ok to take those risks just to learn later on, because you should already know about it and not make that kind of mistakes to begin with. I mean think about it, there are tokens which are memecoins and not even in the top 3000 list at CMC, and there are people funding those, do you really need to know anything before not investing into those?

You should know that there isn't really anything you could make money from those and that is why you should avoid them, there isn't anything you can learn from that, you should already know this. Of course you could make mistakes, there are levels of mistakes that is acceptable and that could make sense but that's only acceptable if you take a risk that makes sense to people as well, otherwise if you are investing into something shitty then do not consider that as a risk that you should be taking at all.


Title: Re: Never revenge the market!
Post by: ndutndut on August 24, 2024, 01:20:22 PM
I agree that when making a mistake it does not mean we are bad, because mistakes can happen anytime and anywhere and can be considered something natural. But the problem is that some of them misunderstand the natural here and that is not justified, we cannot justify mistakes that continue to repeat themselves, because following the logic at the beginning which considers mistakes to be something natural. We are required to always correct mistakes so that they do not happen in the future.
For example, I know that what we did before made us lose and we conclude it as a mistake. But at the same time we still do it again in the future, clearly that is a stupid thing.
We must remember that trading will be very sensitive because it is directly related to our finances, we must be smart about this.
The point is, make mistakes as learning, because in trading sometimes we can get new knowledge or new strategies from a mistake. So, in trading it is natural for us to make mistakes, but if we continue to make mistakes, it becomes a problem, you need to evaluate your trading properly.

Because it must be admitted that one way for us to continue to learn from mistakes when doing trading activities is to evaluate ourselves and improve all decisions from every mistake we make. The mistakes we make as traders can lead to losses, because the capital we have will be reduced and wasted.

Make every trading mistake as an evaluation material and take a lot of knowledge from these mistakes so that in the future trading can be even better. Of course, the most important thing in trading is not to take revenge on the market because it is the same as us not being able to control our emotions. Whatever we do without being able to control our emotions will result in greater losses.


Title: Re: Never revenge the market!
Post by: Yeesha on August 24, 2024, 02:20:38 PM
Just because you've lost a lot doesn't mean your next strategy is to get back all your losses on one piece . No!
With proper risk management as a trader, you will lose less. Traders who really understand risk management rarely get their accounts blown.

Secondly, the market does not care if you just lost, and if you trade with depression trying to get back your money, it will eat you again if you make a wrong trading decision.


When a trader is aware of the best way to manage the business, he can be a successful trader, the person will lose but still he will lose less, trading with depression causes a lot of losses for instance you trade and lose and you try to retrieve the money that was lose, you will lose more of your expenditure, you can be a successful trader by  understanding the ways and how trading work.

I agree that when making a mistake it does not mean we are bad, because mistakes can happen anytime and anywhere and can be considered something natural. But the problem is that some of them misunderstand the natural here and that is not justified, we cannot justify mistakes that continue to repeat themselves, because following the logic at the beginning which considers mistakes to be something natural. We are required to always correct mistakes so that they do not happen in the future.
For example, I know that what we did before made us lose and we conclude it as a mistake. But at the same time we still do it again in the future, clearly that is a stupid thing.
We must remember that trading will be very sensitive because it is directly related to our finances, we must be smart about this.
The point is, make mistakes as learning, because in trading sometimes we can get new knowledge or new strategies from a mistake. So, in trading it is natural for us to make mistakes, but if we continue to make mistakes, it becomes a problem, you need to evaluate your trading properly.

Because it must be admitted that one way for us to continue to learn from mistakes when doing trading activities is to evaluate ourselves and improve all decisions from every mistake we make. The mistakes we make as traders can lead to losses, because the capital we have will be reduced and wasted.

Make every trading mistake as an evaluation material and take a lot of knowledge from these mistakes so that in the future trading can be even better. Of course, the most important thing in trading is not to take revenge on the market because it is the same as us not being able to control our emotions. Whatever we do without being able to control our emotions will result in greater losses.

Trying to take revenge in trading is like punishing or making your own life miserable, because at the end the revenge will fall on you and you will be a loser, when you make mistake and learn from it, the knowledge and what you have learnt  from the mistake will serve as a key that will guide you in feature trading, and it will make you a successful trader, it can't prevent you from loosing totally but it will prevent you from loosing unnecessarily.


Title: Re: Never revenge the market!
Post by: kbhutto on August 24, 2024, 02:41:25 PM
In trading, we must have a strong mentality when conditions are contrary to the system we live in, there is nothing we can do after losses have befallen many people. The market is always fluctuating at any time. Talking about wanting to make more profit from the losses we have experienced, this is a very difficult thing, especially if emotions cannot be controlled well. you are talking about controlling regular trading more carefully.


Title: Re: Never revenge the market!
Post by: aylabadia05 on August 24, 2024, 07:39:35 PM
In trading, we must have a strong mentality when conditions are contrary to the system we live in, there is nothing we can do after losses have befallen many people. The market is always fluctuating at any time. Talking about wanting to make more profit from the losses we have experienced, this is a very difficult thing, especially if emotions cannot be controlled well. you are talking about controlling regular trading more carefully.
If you trade with a strategy, it is very possible for you to make a profit. In fact, many traders trade because of their ambition to get rich quickly and make a lot of money, which is clearly difficult because it is very possible for some of them not to have a backup plan including having an emergency budget if the market does not match their expectations.

Many traders cannot do anything during a market correction because they do not have additional budget. This budget is intended to accumulate assets during price corrections, while they can resell them after prices recover and get a return.


Title: Re: Never revenge the market!
Post by: RockBell on August 24, 2024, 09:15:34 PM
I agree that when making a mistake it does not mean we are bad, because mistakes can happen anytime and anywhere and can be considered something natural. But the problem is that some of them misunderstand the natural here and that is not justified, we cannot justify mistakes that continue to repeat themselves, because following the logic at the beginning which considers mistakes to be something natural. We are required to always correct mistakes so that they do not happen in the future.
For example, I know that what we did before made us lose and we conclude it as a mistake. But at the same time we still do it again in the future, clearly that is a stupid thing.
We must remember that trading will be very sensitive because it is directly related to our finances, we must be smart about this.

No matter how long you have been trading and with your level of experience you are still going to lose money and there I no way you can be perfect always, if the trade did not go your way why not let it go fact i feel like people that do revenge trading are still not yet mature in trading because it is childish and when you get used to stuffing like that you don't have much of an option than to be doing it always instead of letting it go, and you will continue losing money if proper knowledge is installed I don't think they will engage in such act. people and their mentality if not why would you want people to see your perfection, anywhere there is a mistake we should just embrace it and learn from it, because dueling on the same mistake believe me you won't learn because you will always dual on your mistake instead of improving on it. And there should be people you share things with so that when you make a mistake you learn from the advice they will give you because we can not always be a highlander of knowledge.


Title: Re: Never revenge the market!
Post by: Zoomic on August 24, 2024, 10:00:11 PM
Quote from: aylabadia05 link=topic=5506468.msg64460497#msg64460497
If you trade with a strategy, it is very possible for you to make a profit. In fact, many traders trade because of their ambition to get rich quickly and make a lot of money, which is clearly difficult because it is very possible for some of them not to have a backup plan including having an emergency budget if the market does not match their expectations.


This is obviously the cause of failure for lots of traders. Most of them do this unintentionally, especially when they have no real plan/strategy/direction, all they just want to do is trade and get profits. Losses are inevitable in trading, but with a good strategy, a trader who has lost money will be able to bounce back immediately. People need to understand that trading is not gambling where they have to rely on luck to gain fortunes, trading involves skills.  No skilled trader will be chasing after losses like that's the only strategy they've got, a trader who keeps doing this has alot to learn  and cannot be referred to as a skilled trader no matter how long he has been trading. Emotional control is a skill too all traders should develop, because once they fail to develop this skill, alot would be affected.


Title: Re: Never revenge the market!
Post by: ScamViruS on August 24, 2024, 10:26:27 PM
In trading, we must have a strong mentality when conditions are contrary to the system we live in, there is nothing we can do after losses have befallen many people. The market is always fluctuating at any time. Talking about wanting to make more profit from the losses we have experienced, this is a very difficult thing, especially if emotions cannot be controlled well. you are talking about controlling regular trading more carefully.
Trading is all mentality game, those who can keep mentality strong during trading can do well in trading. If a trader loses in a trade, if the trader cannot control himself, he will face more losses by trading with over trades. So a trader needs to show maximum patience if he thinks he wants to stay here for long. I have seen from the experience that I have gained from being involved in this crypto market that it is difficult to survive in this market without a strong mentality.


Title: Re: Never revenge the market!
Post by: SOKO-DEKE on August 25, 2024, 06:18:52 PM

I agree that when making a mistake it does not mean we are bad, because mistakes can happen anytime and anywhere and can be considered something natural. But the problem is that some of them misunderstand the natural here and that is not justified, we cannot justify mistakes that continue to repeat themselves, because following the logic at the beginning which considers mistakes to be something natural. We are required to always correct mistakes so that they do not happen in the future.
For example, I know that what we did before made us lose and we conclude it as a mistake. But at the same time we still do it again in the future, clearly that is a stupid thing.
We must remember that trading will be very sensitive because it is directly related to our finances, we must be smart about this.

The truth about trading is that it is not something easy to deal with because it is just a prediction, and some can't be perfect in predictions always. No matter how knowledgeable and experienced someone may be, they will definitely get it wrong sometimes. Nobody is above mistakes; it will surely happen. Sometimes, it's not that someone will make a mistake before they lose, but it can't just happen the way someone may have predicted it despite may have good analysis. It's very clear in trading that sometimes someone's prediction has to be perfect but it won't become trading sometime also work with lucky. However, it's true that as a trader, any mistake that  someone to makes lose money should be taken into consideration anytime he or she wants to enter the market, so it can avoid further losses.


Title: Re: Never revenge the market!
Post by: Dewi Aries on August 25, 2024, 07:04:22 PM
In trading, we must have a strong mentality when conditions are contrary to the system we live in, there is nothing we can do after losses have befallen many people. The market is always fluctuating at any time. Talking about wanting to make more profit from the losses we have experienced, this is a very difficult thing, especially if emotions cannot be controlled well. you are talking about controlling regular trading more carefully.
Trading is all mentality game, those who can keep mentality strong during trading can do well in trading. If a trader loses in a trade, if the trader cannot control himself, he will face more losses by trading with over trades. So a trader needs to show maximum patience if he thinks he wants to stay here for long. I have seen from the experience that I have gained from being involved in this crypto market that it is difficult to survive in this market without a strong mentality.

True, it can be said that mentality is capital in the world of trading besides money, but I think it is unlikely for a beginner trader to immediately have a strong mentality in the world of trading because usually this mentality will only be formed when a trader has gone through several adaptation processes, meaning that for beginners it may be quite natural if at the beginning of their involvement they make various mistakes that should not be done such as several impulsive decisions without any reason that should not be done which ultimately makes them experience losses in greater amounts.

But over time a strong mentality should be formed when a trader already has more experience in the world of trading, meaning that for the problem of having a good and strong mentality I think this is not included in the initial plan such as risk management or strategy, because mentality can only be obtained when a trader has gone through the adaptation process.


Title: Re: Never revenge the market!
Post by: ScamViruS on August 25, 2024, 08:40:05 PM
In trading, we must have a strong mentality when conditions are contrary to the system we live in, there is nothing we can do after losses have befallen many people. The market is always fluctuating at any time. Talking about wanting to make more profit from the losses we have experienced, this is a very difficult thing, especially if emotions cannot be controlled well. you are talking about controlling regular trading more carefully.
Trading is all mentality game, those who can keep mentality strong during trading can do well in trading. If a trader loses in a trade, if the trader cannot control himself, he will face more losses by trading with over trades. So a trader needs to show maximum patience if he thinks he wants to stay here for long. I have seen from the experience that I have gained from being involved in this crypto market that it is difficult to survive in this market without a strong mentality.
But over time a strong mentality should be formed when a trader already has more experience in the world of trading, meaning that for the problem of having a good and strong mentality I think this is not included in the initial plan such as risk management or strategy, because mentality can only be obtained when a trader has gone through the adaptation process.
Experience is very important for trading, when a trader gains experience and improves their skills, it is natural that their mentality becomes stronger. I have seen most of the successful traders spend a lot of time every day learning about trading, so trading is not an easy sector and it takes a lot of patience and mental strength to be good at it.

The learning process a trader needs to continue all the time to stay up to date with the times. Because the market does not always react in the same way, as a result, past experience in the market is often not effective. Therefore, to be a successful trader, one must have a strong mentality and be skillful enough to stay in the market even in all kinds of adverse conditions.


Title: Re: Never revenge the market!
Post by: mirakal on August 25, 2024, 11:59:45 PM
I agree that when making a mistake it does not mean we are bad, because mistakes can happen anytime and anywhere and can be considered something natural. But the problem is that some of them misunderstand the natural here and that is not justified, we cannot justify mistakes that continue to repeat themselves, because following the logic at the beginning which considers mistakes to be something natural. We are required to always correct mistakes so that they do not happen in the future.
For example, I know that what we did before made us lose and we conclude it as a mistake. But at the same time we still do it again in the future, clearly that is a stupid thing.
We must remember that trading will be very sensitive because it is directly related to our finances, we must be smart about this.
The point is, make mistakes as learning, because in trading sometimes we can get new knowledge or new strategies from a mistake. So, in trading it is natural for us to make mistakes, but if we continue to make mistakes, it becomes a problem, you need to evaluate your trading properly.

Because it must be admitted that one way for us to continue to learn from mistakes when doing trading activities is to evaluate ourselves and improve all decisions from every mistake we make. The mistakes we make as traders can lead to losses, because the capital we have will be reduced and wasted.

Make every trading mistake as an evaluation material and take a lot of knowledge from these mistakes so that in the future trading can be even better. Of course, the most important thing in trading is not to take revenge on the market because it is the same as us not being able to control our emotions. Whatever we do without being able to control our emotions will result in greater losses.
Mistakes are what makes you successful in the process. If you don't endure from past mistakes, most likely you will never gain the success you dream of.

However, having some mistakes in trading that lead you to losses is not enough to take revenge in the market. One who does revenge is actually not in trading, but if you are trading seriously, learn from your mistakes and continue to please the market. In the end, the more you become considerate of the market, the higher rate of success you will achieve.


Title: Re: Never revenge the market!
Post by: tottong on August 26, 2024, 02:10:40 AM
First of all you have to see to it that you are psychologically prepared to trade, you need to build confidence..
No matter how much you've lost you need to take a break, get your mind off do something that can help build confidence, restrategize
Trade risk free, trade like you haven't had any losses not like a gambler.
A friend of mine who lost hope in trading was advicing some one else , he said " if you wanna go into trading you need to have a family doctor close by"

Mental, knowledge and experience are indeed very much needed in trading so that people do not affect their psychology when experiencing unwanted problems.
Trading does prioritize returns, but trading does not promise profits every time, so people involved in it must understand this.
When involvement in trading only thinks about profit, I am sure this kind of person will need a doctor, because it will affect their mentality when experiencing losses.

Trade in a much more responsible way and if the trading skills you have are not that good, then try to trade with a slightly smaller capital.
The goal is to be able to train trading skills and learn to control yourself so as not to be so greedy in trading.


Title: Re: Never revenge the market!
Post by: hyudien on August 26, 2024, 07:54:18 AM

I agree that when making a mistake it does not mean we are bad, because mistakes can happen anytime and anywhere and can be considered something natural. But the problem is that some of them misunderstand the natural here and that is not justified, we cannot justify mistakes that continue to repeat themselves, because following the logic at the beginning which considers mistakes to be something natural. We are required to always correct mistakes so that they do not happen in the future.
For example, I know that what we did before made us lose and we conclude it as a mistake. But at the same time we still do it again in the future, clearly that is a stupid thing.
We must remember that trading will be very sensitive because it is directly related to our finances, we must be smart about this.

The truth about trading is that it is not something easy to deal with because it is just a prediction, and some can't be perfect in predictions always. No matter how knowledgeable and experienced someone may be, they will definitely get it wrong sometimes. Nobody is above mistakes; it will surely happen. Sometimes, it's not that someone will make a mistake before they lose, but it can't just happen the way someone may have predicted it despite may have good analysis. It's very clear in trading that sometimes someone's prediction has to be perfect but it won't become trading sometime also work with lucky. However, it's true that as a trader, any mistake that  someone to makes lose money should be taken into consideration anytime he or she wants to enter the market, so it can avoid further losses.
Yes, there is no prediction based on analysis that will be perfect, especially what we predict here is something that is very volatile, as we know that the market is volatile. And sometimes there is something that can suddenly change the market conditions, it can come from bad news and good news that exists and affects price movements. I'm not saying that trading depends entirely on luck, but sometimes we also need a little luck so that we can get profit. The luck that is present here is because of our hard work and effort in making analysis of price movements that will occur, and it is based on many factors that can be internal (from within the market itself) or external which usually comes from news about the market.


Title: Re: Never revenge the market!
Post by: Kelward on August 26, 2024, 03:31:53 PM
We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece . No!
.
Trading is hard and that is a fact, the earlier that any trader understands that it's not a short cut to riches the better for him. The best way not to chase loses in trading is to see it as an alternative source of income, where you don't rely on it to take care of your responsibilities. With this you wouldn't get too agitated to over trade to recover loses because you can survive without the trading profits. It's also important to trade with the amount that you can afford to loose, so if you lose you can easily move on without getting too emotional. When you make profit in trading, let it be an addition to your other sources of income, never rely solely on trading profits to survive for your own peace of mind.


Title: Re: Never revenge the market!
Post by: Lakai01 on August 26, 2024, 03:56:24 PM
The best way not to chase loses in trading is to see it as an alternative source of income, where you don't rely on it to take care of your responsibilities.
As soon as you see trading as a form of income, it is actually already too late and you will certainly lose (a lot of) money (unless you are a professional trader).
Trading should be seen for what it is: a form of entertainment like gambling in a casino.

Incidentally, the chances of success are quite similar, even good traders only achieve just over 50% successful trades.


Title: Re: Never revenge the market!
Post by: betswift on August 26, 2024, 04:00:11 PM
Risk is always there, and there is nothing wrong with making mistakes or spending your funds wrong, but it's important to improve upon them.
While taking such risk, it's wise to know what you are up against and also be confident to accept the losses that comes afterwards. Some persons are only pressing forward in taking those risk because they are expecting a huge profit in return, they don't tend to think that the market is dynamic and can still fail them if they don't take their time to make an accurate analysis for the market direction. One need to learn from their mistakes and improve themselve.
It depends on the risk we are taking as well. I mean if you are taking some useless risk then its not ok to take those risks just to learn later on, because you should already know about it and not make that kind of mistakes to begin with. I mean think about it, there are tokens which are memecoins and not even in the top 3000 list at CMC, and there are people funding those, do you really need to know anything before not investing into those?

You should know that there isn't really anything you could make money from those and that is why you should avoid them, there isn't anything you can learn from that, you should already know this. Of course you could make mistakes, there are levels of mistakes that is acceptable and that could make sense but that's only acceptable if you take a risk that makes sense to people as well, otherwise if you are investing into something shitty then do not consider that as a risk that you should be taking at all.

It boils down to the view of it by you yourself and others in such case, really ;D For some it's dumb, for some - it would be genius. Then again, on the memecoins, I agree with you - you can't make mistakes with them twice when you know what they are about.


Title: Re: Never revenge the market!
Post by: milewilda on August 26, 2024, 07:15:33 PM
Risk is always there, and there is nothing wrong with making mistakes or spending your funds wrong, but it's important to improve upon them.
While taking such risk, it's wise to know what you are up against and also be confident to accept the losses that comes afterwards. Some persons are only pressing forward in taking those risk because they are expecting a huge profit in return, they don't tend to think that the market is dynamic and can still fail them if they don't take their time to make an accurate analysis for the market direction. One need to learn from their mistakes and improve themselve.
It depends on the risk we are taking as well. I mean if you are taking some useless risk then its not ok to take those risks just to learn later on, because you should already know about it and not make that kind of mistakes to begin with. I mean think about it, there are tokens which are memecoins and not even in the top 3000 list at CMC, and there are people funding those, do you really need to know anything before not investing into those?

You should know that there isn't really anything you could make money from those and that is why you should avoid them, there isn't anything you can learn from that, you should already know this. Of course you could make mistakes, there are levels of mistakes that is acceptable and that could make sense but that's only acceptable if you take a risk that makes sense to people as well, otherwise if you are investing into something shitty then do not consider that as a risk that you should be taking at all.

It boils down to the view of it by you yourself and others in such case, really ;D For some it's dumb, for some - it would be genius. Then again, on the memecoins, I agree with you - you can't make mistakes with them twice when you know what they are about.
Learning do comes from real experience and this is something which is really that unavoidable or something a natural thing for someone to experience it out on which we know that mistakes would really be something that makes us even more better on next time we do encounter things since we are already wary into the conditions or situations that we are really that into. It would really be that impossible that you cant
be able to see up on what are the things that you would really be gonna need to do to lessen up the risks on losing even more. As speaking for taking up some revenge on the market then this is primarily a behavior of a gambler on which we know that applying gambling approach towards trading will really be no good and something that could put up you in trouble rather than on benefitting you out.

This is why on the time that you do hover yourself into crypto trading field then always be prepared into those unexpected u-turn of events specially on trend and sudden sentiments or news that could happen on point
on which this could really that greatly affect the price without even making yourself getting prepared on what are the positions you would really be making. Its important that you should
really be knowing on what you should gonna do on which at least have the idea on what would be the best approach towards it.


Title: Re: Never revenge the market!
Post by: macson on August 26, 2024, 07:56:17 PM
The first thing you must instill in your mind when you start trading is "don't lose first" not "i have to make a big profit", when you are able to apply this concept of thinking in a few months then your habits will form and you can be more careful in buying or selling when trading, the point is everything is in your mind and the most important thing is that trading is not gambling when you are able to analyze the market well and carefully.


Title: Re: Never revenge the market!
Post by: tottong on August 27, 2024, 02:03:44 AM
The first thing you must instill in your mind when you start trading is "don't lose first" not "i have to make a big profit", when you are able to apply this concept of thinking in a few months then your habits will form and you can be more careful in buying or selling when trading, the point is everything is in your mind and the most important thing is that trading is not gambling when you are able to analyze the market well and carefully.

It is difficult to make money fast or make big profits at the beginning of trading because we realize this is not easy to do.
Skills will be formed when someone has knowledge and experience that will direct someone in determining the direction of the trade they are doing.
It will be a big problem for beginners when they have a view to make money quickly at the beginning of the trade they do, especially if the trading knowledge they have is not good.

Trade consciously and do not involve emotions, continue to practice skills by getting involved in it more responsibly.
Thus trading skills will increase slowly and we know what to do when trading conditions do not go according to plan.


Title: Re: Never revenge the market!
Post by: nelson4lov on August 27, 2024, 02:12:46 AM
Here, again. I recently recovered most of my losses of the last month from several trades only to lose 100% of it back to the market because I was trying to revenge trade. A small sized position was in 3 digits worth of profits for days only for news of Durov's arrest tainting all longs and it immediately flipped red. I tried to get back in and have since been catching knife.

So what did I do wrong?
  • Counter traded the market. Durov's arrest simply meant the price would flip bearish but I was still hung up on my bullish bias.
  • Revenge traded it resulting in even bigger losses.

We live to learn. I will keep these in mind for next time. Putting it out here incase someone gets to learn from my mistakes.


Title: Re: Never revenge the market!
Post by: GreatArkansas on August 27, 2024, 08:11:46 AM
Sharing my own experience a long time ago:
Every time I lost before and I am eager to get back my losses, I keep losing and losing. Especially at first you lose too much then you chase that loss, and you lose again. That's sad. After that, I already learned a lot and respected every trade I did, wins or losses.


Title: Re: Never revenge the market!
Post by: Obari on August 27, 2024, 07:28:12 PM
A good trader already knows that, there are definitely two things involved in every trade he opens which is either there is a win or loss and with this consciousness alone, you’re already half way fighting trading with emotions.

Another thing is having a trading budget and this will go a very long way to keep you in check and I’ve always told people it’s not just about having a budget but keeping to it is paramount.

It is already no news that, chasing after lose in trading always leads to blowing of accounts and as such it should be done on a calculated and a good technical analysis.

These few points I’ve listed will always help a trader from revenging the market.


Title: Re: Never revenge the market!
Post by: dunfida on August 27, 2024, 07:44:41 PM
A good trader already knows that, there are definitely two things involved in every trade he opens which is either there is a win or loss and with this consciousness alone, you’re already half way fighting trading with emotions.

Another thing is having a trading budget and this will go a very long way to keep you in check and I’ve always told people it’s not just about having a budget but keeping to it is paramount.

It is already no news that, chasing after lose in trading always leads to blowing of accounts and as such it should be done on a calculated and a good technical analysis.

These few points I’ve listed will always help a trader from revenging the market.
One of the key factors for you to survive this unpredictable space is that you should really that know how to control your emotion but this one wont really be coming so easy on which majority of people
would really be that too highly reactive when it comes to dealing up with this market on which it is really that unpredictable and totally random. There's no way that you could be able to handle
yourself so easily not until on the time or moment that you are really that able to experience well towards this space.

Just like the rest been saying that dont treat this like a gambling game because on having this kind of approach it will really be just that resulting for you to have such potential problem
on which we know that when it comes into this aspect then you would really be definitely needing up for you to have this kind of versatility on which you would really be trying out to
go with the flow on how this market moves or behaves. Dont chase up your losing trades.

Winning or losing trades would really be the most common thing that you would really be able to experience towards this market. This is why whenever you do commit
out such mistakes or errors then make some learning out of it rather than on seeing it as a great disappointment on which this would really be causing you up on having
that discouragement to move forward.


Title: Re: Never revenge the market!
Post by: $crypto$ on August 28, 2024, 03:58:36 PM
Sharing my own experience a long time ago:
Every time I lost before and I am eager to get back my losses, I keep losing and losing. Especially at first you lose too much then you chase that loss, and you lose again. That's sad. After that, I already learned a lot and respected every trade I did, wins or losses.
Basically it will be something that we will feel and we will think to do it every time we feel a loss, because basically no one wants to lose, especially if it is losing money. So this feeling of chasing losses is a natural thing that comes to us.

Of course it will go through a long process for us to realize that, because at the beginning I also felt the same thing. But in the end, as knowledge and experience increase, we will realize things that we should not do.

I personally will not regret it, because I think it is a very important process to grow knowledge that we cannot get if we do not experience it ourselves.


Title: Re: Never revenge the market!
Post by: Adams0001 on August 29, 2024, 03:38:05 PM
We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece .

We cant chase after losses on trades, if not we may continue to make loses and never have a single opportunity of recovering back, instead, we need to only intensify what we know about trading and improve on our strategies in trading, this may help to an extent, the more we are having a better understanding regarding how to trade and keep improving on our exposures on it,  we are going to have more better opportunities ahead of is irrespective of the strategies we have adopted for use already.

You are right we should not be chasing on trading because he will definitely cause you more losing in trading you won't calm down and learn very well you will just engage your self on your capital you used and you can still repeat the same mistake if not you have understand the market very well, so is very advisable to learn from your mistakes if you lose just they patient and understand the market analysis and find mentor that will be guiding you gradually don't just focus on profits because you most lose no matter what because even the professional of trading usually lose sometime, if the market did not go well. that is why you should be focusing on how the market operate, by knowing that your risk will minimise and gradually you will be getting profit.


Title: Re: Never revenge the market!
Post by: Baki202 on August 29, 2024, 08:30:41 PM
You are right we should not be chasing on trading because he will definitely cause you more losing in trading you won't calm down and learn very well you will just engage your self on your capital you used and you can still repeat the same mistake if not you have understand the market very well, so is very advisable to learn from your mistakes if you lose just they patient and understand the market analysis and find mentor that will be guiding you gradually don't just focus on profits because you most lose no matter what because even the professional of trading usually lose sometime, if the market did not go well. that is why you should be focusing on how the market operate, by knowing that your risk will minimise and gradually you will be getting profit.

We you learn then you should not be having issues because your actions will be based on what you have learned A lot of people take trading to be hard, but to me if the right knowledge is installed then you should not be having problem while trading consistency matters a lot its just like When you trade more, the more you learn and the more your experience keep improving because it won't be the same when you started trading a lot of things must've changed just because of the knowledge that you have, knowledge is very important, and people don't want to stress their self but they want to make money,  and I will also advice you start with a little amount of money. People don't  have patience enough to actually understand the market, talk more if the market, it is very easy when you understand, trading and losing money won't encourage you, and it takes only strong people to actually be able to continue, it's better to always stick to your budget when especially when you are starting, then when you are experience then you can actually increase the money use in trading, but that is when your understanding is solid.


Title: Re: Never revenge the market!
Post by: Maslate on August 29, 2024, 08:57:08 PM
Sharing my own experience a long time ago:
Every time I lost before and I am eager to get back my losses, I keep losing and losing. Especially at first you lose too much then you chase that loss, and you lose again. That's sad. After that, I already learned a lot and respected every trade I did, wins or losses.
That's what we get if we keep chasing our losses when we know it's hard to consistently win in the market. But the important thing is we learned from that phase of ours, that taking revenge in the market will never do good in return. Otherwise, it will only put our position into series of losses which is definitely inevitable in the market once you don't know how to manage your trades or investments.


Title: Re: Never revenge the market!
Post by: jaberwock on August 30, 2024, 10:08:32 AM
Basically it will be something that we will feel and we will think to do it every time we feel a loss, because basically no one wants to lose, especially if it is losing money. So this feeling of chasing losses is a natural thing that comes to us.

Of course it will go through a long process for us to realize that, because at the beginning I also felt the same thing. But in the end, as knowledge and experience increase, we will realize things that we should not do.

I personally will not regret it, because I think it is a very important process to grow knowledge that we cannot get if we do not experience it ourselves.
It's definitely something that you grow to learn with time, not a lot of people learn that easily but with time we end up becoming better. I feel like we can make it happen if we know what we are doing and shouldn't really be that much of a big deal, it can be done one way or another, we just need to focus on what to do and how to get better results as well.

With time, we know that we shouldn't try to take our revenge, that type of feeling never amounts to a good result, which is why we try to avoid it the more we learn about crypto trading, or even trading in general. I personally do not care about my past trades when the yare done, if I lose then I will check why I made a mistake, but that's it and I will just move on without issues.


Title: Re: Never revenge the market!
Post by: fuguebtc on August 30, 2024, 01:44:35 PM
Sharing my own experience a long time ago:
Every time I lost before and I am eager to get back my losses, I keep losing and losing. Especially at first you lose too much then you chase that loss, and you lose again. That's sad. After that, I already learned a lot and respected every trade I did, wins or losses.
That's what we get if we keep chasing our losses when we know it's hard to consistently win in the market. But the important thing is we learned from that phase of ours, that taking revenge in the market will never do good in return. Otherwise, it will only put our position into series of losses which is definitely inevitable in the market once you don't know how to manage your trades or investments.

If we lose , we must take revenge on the market . If we don't take revenge, how can we get back what we lost and make more profits? But we need to choose a more appropriate time to take revenge instead of rushing to take revenge after losing because the more we lose , the more we lose our minds , which will make us lose more.
We need to know that we cannot win all battles and one loss does not mean we lose all . As long as the market exists and we exist , there will be a time when we can take revenge on the market .


Title: Re: Never revenge the market!
Post by: isaac_clarke22 on August 30, 2024, 01:50:06 PM
Sharing my own experience a long time ago:
Every time I lost before and I am eager to get back my losses, I keep losing and losing. Especially at first you lose too much then you chase that loss, and you lose again. That's sad. After that, I already learned a lot and respected every trade I did, wins or losses.
Right now I just lurking around the market and within almost a year of not doing anything, I almost got disappointed when I just found out that I was not earning from my current hodlings.

~
Sometimes you just got to suck it up and accept that it's just how the market goes. "Revenge" the market just sounds like a desperation for me.


Title: Re: Never revenge the market!
Post by: justdimin on August 30, 2024, 05:50:51 PM
I recently recovered most of my losses of the last month from several trades only to lose 100% of it back to the market because I was trying to revenge trade. A small sized position was in 3 digits worth of profits for days only for news of Durov's arrest tainting all longs and it immediately flipped red. I tried to get back in and have since been catching knife.
Trying to figure out how to make your money back is one thing, trying to figure out how to make money is another. If you keep on making mistakes after mistakes then you are going to just keep losing money, if you try to take revenge then you will not get it at all. I think it's clear that we are going to end up with revenge as a bad method, just figure out how to make money, because if you do learn that then it doesn't matter if you previously lost any or not, you may have or maybe you haven't but in either case you will be getting richer, there is nothing wrong with that.

I personally believe that there are so many ways to learn how to make money and because of that we are going to try to make something work, and if we do that then we are going to be fine. There are so many situations that takes time but because of that we can't really consider this easy, learn how to trade and eventually you will be doing fine without much situation at all.


Title: Re: Never revenge the market!
Post by: Stable090 on August 30, 2024, 07:59:17 PM
We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece . No!
If you lose in a trade and you decide to win back your loss, then it’s just like you setting trap for yourself, because the more you try to win back your loss, if you are not careful, then you keep on losing more instead of recovering your money. So after losing, the best thing to do is just to calm down, if possible, stop trading for that moment, do more research and discover why you lose, and work on your strategy, but don’t even think of trying to win back your loss immediately.

A friend of mine who lost hope in trading was advicing some one else , he said " if you wanna go into trading you need to have a family doctor close by"😂
If you want to trade, you don’t just need to frustrate yourself, you don’t have to give yourself tension, just trade freely. That’s why when trading, it should be done with a small amount of money which we know if we lose, it’s not really going to affect us. Don’t trade with an amount that will affect you when you lose.


Title: Re: Never revenge the market!
Post by: Mahanton on August 30, 2024, 08:21:35 PM
I recently recovered most of my losses of the last month from several trades only to lose 100% of it back to the market because I was trying to revenge trade. A small sized position was in 3 digits worth of profits for days only for news of Durov's arrest tainting all longs and it immediately flipped red. I tried to get back in and have since been catching knife.
Trying to figure out how to make your money back is one thing, trying to figure out how to make money is another. If you keep on making mistakes after mistakes then you are going to just keep losing money, if you try to take revenge then you will not get it at all. I think it's clear that we are going to end up with revenge as a bad method, just figure out how to make money, because if you do learn that then it doesn't matter if you previously lost any or not, you may have or maybe you haven't but in either case you will be getting richer, there is nothing wrong with that.

I personally believe that there are so many ways to learn how to make money and because of that we are going to try to make something work, and if we do that then we are going to be fine. There are so many situations that takes time but because of that we can't really consider this easy, learn how to trade and eventually you will be doing fine without much situation at all.
Yes, this is true on which there would really be that significant differences among the two on which it would really be causing up that different emotion or feeling on the moment or time that you are on such situation.
This is why you should really be needing up to realize on what are the actions that you should do on the time that you would really be doing on such situation. Some people could make it out but majority will really be falling out into such similar situation on what most gamblers do really experience. On the time that you would really be trying out to make yourself to chase those loses then you are just basically doing gambling stuff and this isnt recommended because it would really be causing up even further loses because on the moment that you are on such condition then you cant be able to think up well. We do know that trading that needs up with some strategic approach and analysis on which this is something that will really be crucial. On the moment that you would really be that getting distracted because you are really that making those loses then its better to take up
some break and trying to ease out that kind of impulsive emotions because this is usually the main reason on why people do really being that too reactive on the moment that they would be losing. This is why its important to have those self realizations and would be able to act accordingly on what are the things that must be done to prevent further damage or something that in talks about losing even more money. You should really be sensible
on the actions that you would really be taking and it wont really be recommended that you would be acting like a gambler because it wont really be suggested on having that kind of approach.


Title: Re: Never revenge the market!
Post by: alastantiger on August 30, 2024, 09:52:03 PM
If we lose, we must take revenge on the market . If we don't take revenge, how can we get back what we lost and make more profits? But we need to choose a more appropriate time to take revenge instead of rushing to take revenge after losing because the more we lose , the more we lose our minds , which will make us lose more.
We need to know that we cannot win all battles and one loss does not mean we lose all . As long as the market exists and we exist , there will be a time when we can take revenge on the market .

That's wrong and it will only make you fight an endless battle of revenge that you can't win. You don't have to win back your losses but avoid getting more losses the next time that you're trading. Don't consider your victory as a recovery for you past lost or you'll always have losses that you'll be chasing after. The market is going to win you when all you care about are revenge. Don't revenge never and you won't have grudges against the market. Every trade that you are opening should be a new one and not as a continuation from where you stopped when you lost the last time you were trading. When you have the thinking of revenge, it's going to be distracting and can interrupt your trading analysis, making you make mistakes that'll make you to keep losing. Your mind should be free from all emotions that aren't good for you.


Title: Re: Never revenge the market!
Post by: ScamViruS on August 30, 2024, 10:03:01 PM
Sharing my own experience a long time ago:
Every time I lost before and I am eager to get back my losses, I keep losing and losing. Especially at first you lose too much then you chase that loss, and you lose again. That's sad. After that, I already learned a lot and respected every trade I did, wins or losses.
That's what we get if we keep chasing our losses when we know it's hard to consistently win in the market. But the important thing is we learned from that phase of ours, that taking revenge in the market will never do good in return. Otherwise, it will only put our position into series of losses which is definitely inevitable in the market once you don't know how to manage your trades or investments.
One losing trade can influence an inexperienced trader to take ten more wrong trades, exposing that trader to big losses. Trade management and money management are very important in trading, traders who follow these can be successful in trading. The market constantly creates opportunities and to exploit those opportunities, a trader needs to follow the market properly so that he can take the right decision at the right time. I have found that those who trade the market with proper plan and patience can get more profit. Revenge trading can never bring anything good to a trader except huge losses.


Title: Re: Never revenge the market!
Post by: cute nmp on September 02, 2024, 03:08:47 PM
Thats the worst thing one can ever do ,I have tried revenge trading and have lost alt of money .Recently whenever my stop loss is been hit i simply move away from the chart will come back later when i am more refreshed and can start afresh again.


Title: Re: Never revenge the market!
Post by: ajiz138 on September 02, 2024, 03:24:12 PM
One losing trade can influence an inexperienced trader to take ten more wrong trades, exposing that trader to big losses. Trade management and money management are very important in trading, traders who follow these can be successful in trading. The market constantly creates opportunities and to exploit those opportunities, a trader needs to follow the market properly so that he can take the right decision at the right time. I have found that those who trade the market with proper plan and patience can get more profit. Revenge trading can never bring anything good to a trader except huge losses.
Indeed, it will have a big impact on those who are inexperienced, because apart from market factors, another is because their mentality has not been created properly, so when they lose and re-analyze to trade, their minds may still focus on the loss so that it affects their analysis process to be less than optimal.

Whatever the name, when there is an element of emotion when trading, it will never end well. Why do I say an element of emotion? because revenge will only be carried out by people who are emotional when they experience losses.


Title: Re: Never revenge the market!
Post by: Dzwaafu11 on September 02, 2024, 04:02:54 PM
We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece . No!

This is good advice. Getting back to the market will be for people that do not have deep knowledge of trading because I don’t see how to get back to the market and be successful in that trade for the fact that you are trading with greed thinking that you will get back your losses in just one trade. There is no doubt you will lose the money. Trading has high risk, especially if you have little knowledge about trading. 


Title: Re: Never revenge the market!
Post by: laijsica on September 03, 2024, 09:29:38 AM
We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece . No!

This is good advice. Getting back to the market will be for people that do not have deep knowledge of trading because I don’t see how to get back to the market and be successful in that trade for the fact that you are trading with greed thinking that you will get back your losses in just one trade. There is no doubt you will lose the money. Trading has high risk, especially if you have little knowledge about trading. 
Of course. Trading requires a person to spend a lot of valuable time also monitoring the market through investment Financial loss is a combination of every factor. If you want to make a profit through trading, it is important to have a high risk mentality and also to keep an eye on the ups and downs of the market at all times. You can get profit by worshiping experience but you need to choose right currency and avoid short term trend as much as possible.


Title: Re: Never revenge the market!
Post by: Gladitorcomeback on September 04, 2024, 01:50:03 AM
Getting back to the market will be for people that do not have deep knowledge of trading because I don’t see how to get back to the market and be successful in that trade for the fact that you are trading with greed thinking that you will get back your losses in just one trade. There is no doubt you will lose the money. Trading has high risk, especially if you have little knowledge about trading. 

Even experienced people don't do that. You will never see a professional, full-time, and experienced trader fighting against the market because that's foolish and you won't get positive results out of that. You can't stand against the market, you will always need to walk behind it because it's the market and its movements that make you profit, and your job is to understand those movements and act accordingly. If you try to go against it, it's going to ruin you.

When a good and experienced trader loses money in a trade, they stay calm, it's the first step after facing failure, you are not supposed to panic but stay calm at all times because when you lose your cool, you are going to make wrong decisions and those wrong decisions will make you incur even more losses.

So stay calm, evaluate the situation, find the mistakes, and prepare for your next trades while keeping the previous mistakes in mind.


Title: Re: Never revenge the market!
Post by: Mpamaegbu on September 04, 2024, 04:54:09 AM
A friend of mine who lost hope in trading was advicing some one else , he said " if you wanna go into trading you need to have a family doctor close by"😂
Funny dude. Trading must've taught him a tough and deep lesson of his life. However, quitters don't win and winners don't quit. Your friend is justly scared like some of us were who got burnt in the past and had to temporarily quit the scene. Anyway, we tasted the other side and found out that nothing beats trading. I think you should encourage him to try it one more time but with lowered expectations and greed. Trading isn't a shortcut to getting rich. Anyone with that mindset going into trading is bound to get roasted, sooner than later. It doesn't matter if they get early winners, they will eventually lose all back to the market.

Quote
I make sure I bear in mind that no matter the outcome I'm ready for it .
This is how you trade, it's all about composure, belief etc.
It's beyond all that. Yes, trading composure and psychology are important coupled with money management but those starting up as traders should have another source of living in addition to trading. Doing that takes off pressure of winning on the trader.


Title: Re: Never revenge the market!
Post by: Mahanton on September 04, 2024, 02:11:33 PM
Getting back to the market will be for people that do not have deep knowledge of trading because I don’t see how to get back to the market and be successful in that trade for the fact that you are trading with greed thinking that you will get back your losses in just one trade. There is no doubt you will lose the money. Trading has high risk, especially if you have little knowledge about trading. 

Even experienced people don't do that. You will never see a professional, full-time, and experienced trader fighting against the market because that's foolish and you won't get positive results out of that. You can't stand against the market, you will always need to walk behind it because it's the market and its movements that make you profit, and your job is to understand those movements and act accordingly. If you try to go against it, it's going to ruin you.

When a good and experienced trader loses money in a trade, they stay calm, it's the first step after facing failure, you are not supposed to panic but stay calm at all times because when you lose your cool, you are going to make wrong decisions and those wrong decisions will make you incur even more losses.

So stay calm, evaluate the situation, find the mistakes, and prepare for your next trades while keeping the previous mistakes in mind.
Fighting against the trend will really be just that suicide or trying out to make yourself that become impulsive on the time or moment that you are losing your trades and trying out to recover and this is why you do try up on chasing up those loses on which it do resulted out with that kind of desperation on which we know that this one wont really be putting up something beneficial but rather it will really be giving out that huge disappointment on the moment that you would be losing up even more. If you are someone whose really just that new to the market then most likely you will really be doing such stuff due to lack of knowledge and experience towards this space. Never ever trying out to have that kind of revenge thing or whatever for it would be as long it do correlates into this one. Instead, you would really be that trying out to reassess on whats the main cause of those loses and trying out to make adjustments if ever you've seen something relevant. This is what professionals or good traders would be doing instead on trying out to recover their loses via having those desperate measures.

If you are someone whose really that not good when it comes to self control or having that kind of being emotional because this is where shit things do happen  on the moment that you do find yourself
having that kind of reaction. It will always be better that you should really be that getting along or depends into your trading capability basing up on the experience that you had gained up all over the years.
You wont be able to sustain yourself if you would really be that highly reactive into it. This is why it will really be better that you should really be acting out on what supposed that you should gonna do.


Title: Re: Never revenge the market!
Post by: Krishna1942 on September 04, 2024, 04:58:33 PM
After getting loss in a trade everybody tries another trade to recover loss without observing the trend ofcource it's a emotional trade, some times we hace a fixed opinion on trend due to some news or following some sources which ultimately leads to capital loss.


Title: Re: Never revenge the market!
Post by: AYOBA on September 04, 2024, 06:24:50 PM
The reason why some trade lose their money is that; when some people are trading and they definitely experience a losing instead of them to draw back from trading, but they will not till after all the money they have has finish they will come later they regret. And the trading market is not something that a person can relay on that’s why I wonder those that are making predictions against what they have trade so far, instead of them to go for research and learn how to avoid the risks that are involved.


Title: Re: Never revenge the market!
Post by: Silberman on September 04, 2024, 07:13:04 PM
We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece . No!
First of all you have to see to it that you are psychologically prepared to trade, you need to build confidence..
No matter how much you've lost you need to take a break, get your mind off do something that can help build confidence, restrategize
Trade risk free, trade like you haven't had any losses not like a gambler.
A friend of mine who lost hope in trading was advicing some one else , he said " if you wanna go into trading you need to have a family doctor close by"😂
I laughed my eyes out, but in order to avoid the same ordeal he went through I learnt to trade this way, I make sure I bear in mind that no matter the outcome I'm ready for it .
This is how you trade, it's all about composure, belief etc.
Besides all of this, money management is key, one of the reasons why people try to revenge trade the markets and get back all the money they have lost is because they have risked too much money on their trades and things did not go according to their plans, so now they are trying to recover all the money they have lost in a single trade, however if you keep a tight control over the money you use on each trade, then even if you were to lose several times in a row, the amount lost will be low and you will not feel any eagerness towards increasing the risk you take on your trades.


Title: Re: Never revenge the market!
Post by: Dewi Aries on September 04, 2024, 08:17:14 PM
We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece . No!
First of all you have to see to it that you are psychologically prepared to trade, you need to build confidence..
No matter how much you've lost you need to take a break, get your mind off do something that can help build confidence, restrategize
Trade risk free, trade like you haven't had any losses not like a gambler.
A friend of mine who lost hope in trading was advicing some one else , he said " if you wanna go into trading you need to have a family doctor close by"😂
I laughed my eyes out, but in order to avoid the same ordeal he went through I learnt to trade this way, I make sure I bear in mind that no matter the outcome I'm ready for it .
This is how you trade, it's all about composure, belief etc.
Besides all of this, money management is key, one of the reasons why people try to revenge trade the markets and get back all the money they have lost is because they have risked too much money on their trades and things did not go according to their plans, so now they are trying to recover all the money they have lost in a single trade, however if you keep a tight control over the money you use on each trade, then even if you were to lose several times in a row, the amount lost will be low and you will not feel any eagerness towards increasing the risk you take on your trades.

Yes, that's right, risk management is the key and that's why risk management is a mandatory plan for a trader, we must remember and understand that trading is not just about profit opportunities but the possibility of loss will always be a part that can never be separated.
And one of the reasons why traders often act impulsively, such as taking revenge on the market, is because most likely from the start they do not understand in detail that losses are part of trading, which may make them trade with amounts that they cannot afford to be responsible for.
So I think to avoid various impulsive actions and decisions, from the start you need to understand and be aware of the risks in trading, because of course no one will ever like losses, and when you understand this, I'm sure you won't dare to act too rashly.


Title: Re: Never revenge the market!
Post by: Baki202 on September 04, 2024, 08:26:57 PM
This is good advice. Getting back to the market will be for people that do not have deep knowledge of trading because I don’t see how to get back to the market and be successful in that trade for the fact that you are trading with greed thinking that you will get back your losses in just one trade. There is no doubt you will lose the money. Trading has high risk, especially if you have little knowledge about trading. 

In crypto what is lost is lost you can not been going back on what is lost,  so times it might not even be the case of deep knowledge, emotions might be the one controlling, some people have in-depth knowledge but are still controlled by greed because they want to make money somtimes greed drives you to your luck but doing it reasonable, too much of everything is bad, over doing it might just make you lose money. Because it won't always be in your favor, because even I'm revenge trading their are people that it must have favored, if not for that I don't think they will even try it have not tried it before so I don't know if my results will be positive or not the only thing am concerned about is that, even if I lose money I should recover everything gradually and not instantly, if your emotions is put under control then revenge trading won't be coming to your mind at all because you won't want to make back your money instantly because of risk behind that decision.


Title: Re: Never revenge the market!
Post by: Franctoshi on September 04, 2024, 11:12:58 PM
The psychology of the market is called revenge trading, it's in human nature to fight back what they've lost, only successful traders know about this secret and live to trade another day, as a trader you should set rules on how many trades that's gonna hit your stop lose, and you turn your machines off or system off and leave for another trading day, you can't come back to trade the next day if you have blown your account, learn to accept loses because that is normal, you are not their to win always but rather to ensure your winning rate exceeds your loses that's the game because no trader can escape loses.


Title: Re: Never revenge the market!
Post by: barisbilgili on September 05, 2024, 03:59:56 AM
Yes, that's right, risk management is the key and that's why risk management is a mandatory plan for a trader, we must remember and understand that trading is not just about profit opportunities but the possibility of loss will always be a part that can never be separated.
And one of the reasons why traders often act impulsively, such as taking revenge on the market, is because most likely from the start they do not understand in detail that losses are part of trading, which may make them trade with amounts that they cannot afford to be responsible for.
So I think to avoid various impulsive actions and decisions, from the start you need to understand and be aware of the risks in trading, because of course no one will ever like losses, and when you understand this, I'm sure you won't dare to act too rashly.
All traders must understand the risks in trading, but many mistakes are made because they cannot control their emotions or greed for more, resulting in mistakes based on market sentiment that never stops if they cannot be controlled. Wanting to take revenge on the market is a common thing when someone makes a mistake and realizes their mistake so they want to do the opposite, which actually makes the risk of it happening again greater, so as I said earlier, this will not stop if it cannot be controlled.


Title: Re: Never revenge the market!
Post by: CageMabok on September 05, 2024, 10:52:00 AM
After getting loss in a trade everybody tries another trade to recover loss without observing the trend ofcource it's a emotional trade, some times we hace a fixed opinion on trend due to some news or following some sources which ultimately leads to capital loss.
That may only happen to novice traders who have little experience and are not yet professionally mature in their trading methods so that they continue to prioritize their emotions rather than knowledge of the current market trend at that time. But you will not find that in traders who already have enough experience and know how to handle themselves so as not to panic when they have lost with one trade even though the intention to return the lost capital is still there, but of course this does not have to be done as soon as possible if the market trend does not allow for doing so.


Title: Re: Never revenge the market!
Post by: lixer on September 05, 2024, 03:34:01 PM
Here, again. I recently recovered most of my losses of the last month from several trades only to lose 100% of it back to the market because I was trying to revenge trade. A small sized position was in 3 digits worth of profits for days only for news of Durov's arrest tainting all longs and it immediately flipped red. I tried to get back in and have since been catching knife.

So what did I do wrong?
  • Counter traded the market. Durov's arrest simply meant the price would flip bearish but I was still hung up on my bullish bias.
  • Revenge traded it resulting in even bigger losses.

We live to learn. I will keep these in mind for next time. Putting it out here incase someone gets to learn from my mistakes.
I'm sorry to hear about your loss. Indeed, we learn from our mistakes. Not every task needs to earn us money; many tasks also give us experience. And when we face defeat, it becomes the first step towards our victory. So, let's learn from what has happened in the past and prepare ourselves to achieve success in the future.

Remember that trading is not the name of emotions. Trading emotionally or in anger only leads to loss. Never do anything hastily and emotionally, especially trading. Remember that the basic principle of trading is patience. A trader who does not exercise patience will never become a successful trader.

Many times it happens that we do not get the desired profit. Keep it folded and wait for that money to turn into profit in the future. If you are not trading in the spot market, you are trading in the future market then it's very important to apply stop-loss and be patient.


Title: Re: Never revenge the market!
Post by: Dewi Aries on September 05, 2024, 03:45:36 PM
Yes, that's right, risk management is the key and that's why risk management is a mandatory plan for a trader, we must remember and understand that trading is not just about profit opportunities but the possibility of loss will always be a part that can never be separated.
And one of the reasons why traders often act impulsively, such as taking revenge on the market, is because most likely from the start they do not understand in detail that losses are part of trading, which may make them trade with amounts that they cannot afford to be responsible for.
So I think to avoid various impulsive actions and decisions, from the start you need to understand and be aware of the risks in trading, because of course no one will ever like losses, and when you understand this, I'm sure you won't dare to act too rashly.
All traders must understand the risks in trading, but many mistakes are made because they cannot control their emotions or greed for more, resulting in mistakes based on market sentiment that never stops if they cannot be controlled. Wanting to take revenge on the market is a common thing when someone makes a mistake and realizes their mistake so they want to do the opposite, which actually makes the risk of it happening again greater, so as I said earlier, this will not stop if it cannot be controlled.

If it is true as you said that all traders understand the risks involved then why do they still experience emotions and have difficulty controlling themselves due to the losses they experience? Understanding and knowing are two different things, when you understand that it means you realize that losses are a natural result in trading and then make the loss a lesson while evaluating what mistakes you made so that in the future you do not need to repeat the same mistakes so that you can avoid the possibility of losses.

Doesn't the desire or intention to take revenge arise from someone who is unable to accept the risk of loss? This is why I said above that a trader must understand and realize that losses are a natural thing to happen to them, but when you want to evaluate and find where the mistakes you made are, then you should be able to avoid such incidents in the future.


Title: Re: Never revenge the market!
Post by: alastantiger on September 05, 2024, 08:27:22 PM
That may only happen to novice traders who have little experience and are not yet professionally mature in their trading methods so that they continue to prioritize their emotions rather than knowledge of the current market trend at that time.

Novice traders are the people that make the biggest mistake in trading because of lack of experience. Traders that have been trading for sometime can make mistake as novice will and they know too well not to revenge the market because you can't win when you're angry and all you can think about is getting your money back that you have lost to the market. What that feeling will do to you is that it'll make you unstable and you shouldn't be trading while you're unstable. Losing a trade should motivate you to learn better and become good at trading and not to revenge the market. There are risk in trading and losing money shouldn't be seen as a reason to want to revenge. An advice that can help alot of traders is to take a break after losing and comeback another time to try your luck again and maybe this time, you'll be lucky to win and not to keep losing when you're trading.


Title: Re: Never revenge the market!
Post by: Rampagoe004 on September 07, 2024, 04:17:02 AM
We cannot repeat what has happened again unless the things that have been lost provide lessons for us in the crypto market which is always active with graphic patterns that cannot be predicted precisely. You discussed how to control yourself in a very risky trade, whether you like it or not, in every trade you have to be ready to accept what is produced, not just profits, but losses are always looming when trading.

My big experience in the crypto market is experiencing a loss by relying on trends so that we are in a hurry to take a stand. It would be better to keep trying to learn more about the market situation because we cannot avenge ourselves but only for the losses we experience.


Title: Re: Never revenge the market!
Post by: Peanutswar on September 07, 2024, 08:15:14 AM
If you are making a trade and it did not go well better to have stop loss and analyze the situation not all the time making another position like against the market is the best deal, could be there's an instant you will lose more. Still you can revenge with your trade but in a proper way, lets say you lose already your first trade and you get done with your mistake and you will see an opportunity to get back those losses and start again with new position but of course you already analyze the possibility to win with that position well nothing wrong to go with. The only revenge trade not suitable is making a position without proper execution and plan it seems like you are just throwing away your money.


Title: Re: Never revenge the market!
Post by: Farma on September 08, 2024, 07:30:16 AM
We cannot repeat what has happened again unless the things that have been lost provide lessons for us in the crypto market which is always active with graphic patterns that cannot be predicted precisely. You discussed how to control yourself in a very risky trade, whether you like it or not, in every trade you have to be ready to accept what is produced, not just profits, but losses are always looming when trading.

My big experience in the crypto market is experiencing a loss by relying on trends so that we are in a hurry to take a stand. It would be better to keep trying to learn more about the market situation because we cannot avenge ourselves but only for the losses we experience.
Making lessons from every failure that we have experienced is very important and we must be able to correct these mistakes and will not repeat them when trying again, for a trader of course you must be able to accept all the risks of loss that they will get from the trading they do because anything can happen in trading and we cannot predict it.

Following the current trend will not always be able to get good results in the trading that we do and of course this will make us not do any analysis of course this will be very risky, understanding market conditions before deciding to enter the market is very important for anyone who trades and of course this will minimize losses in the trading that we do.


Title: Re: Never revenge the market!
Post by: mirakal on September 08, 2024, 08:51:17 AM
If you are making a trade and it did not go well better to have stop loss and analyze the situation not all the time making another position like against the market is the best deal, could be there's an instant you will lose more. Still you can revenge with your trade but in a proper way, lets say you lose already your first trade and you get done with your mistake and you will see an opportunity to get back those losses and start again with new position but of course you already analyze the possibility to win with that position well nothing wrong to go with. The only revenge trade not suitable is making a position without proper execution and plan it seems like you are just throwing away your money.
One way to avoid major losses is to analyze the market situation carefully, but sad to say, it is quite challenging for new traders. I think we need to accept the fact that trading is not really the most profitable job for a beginner. Understanding our current position helps us to determine whether we have to sell or buy, or something we need to pause for a while. With the volatility of the market, it has never been easy to make our calls perfectly, or at least right; most of the time it goes wrong. However, as we learn more, we can at least do it right and properly executed; unfortunately, we can't escape from losses. 

Mistakes are terrible, but from that, we also improve and become better. But yes, if we do nothing to correct them, it is still useless, and certainly it will happen again.


Title: Re: Never revenge the market!
Post by: Stable090 on September 08, 2024, 05:51:16 PM
The reason why some trade lose their money is that; when some people are trading and they definitely experience a losing instead of them to draw back from trading, but they will not till after all the money they have has finish they will come later they regret. 

If you lose in trading, drawing back is not the best option. If you are a trader, losing is something you should consider a normal thing that happens in the market, but if you are consistently losing and you are not gaining any gains from what you are doing, that means you actually have a problem somewhere with your trade. Although we know that even professionals lose in trading, not too much. We know that every business has a risk attached to it. 
 
So, if you are losing too much money in trading, the best thing is for you to calm down and analyse the strategy you use in your trades and also your knowledge because you may not understand the strategy well, so you need to change to the method you will understand well. In order to avoid losing too much money.


Title: Re: Never revenge the market!
Post by: SOKO-DEKE on September 08, 2024, 06:17:13 PM

The reason why some trade lose their money is that; when some people are trading and they definitely experience a losing instead of them to draw back from trading, but they will not till after all the money they have has finish they will come later they regret. 


Someone losing in trading is normal, and it happens even to those we view as experienced traders with proper knowledge. It's not every day that a trader will be making profits. Sometimes, an experienced trader will do their analysis well and think it was correct, but in the end, they may still lose due to a small mistake.

As a beginner in trading, if you are experiencing losses, it doesn't mean quitting trading is the best solution for you. It shows that you may not yet have the proper knowledge about trading. What you need to do in this case is to go back and search for more knowledge. After gaining the required understanding, it is very possible to become a successful trader later.

Let us know that whenever we are facing losses in trading, it is clear that our analysis and strategy are the causes. The best thing to do is to step back, review, and identify the causes of the losses you are facing. Once you have found out, you will have learned, and it will become very unlikely for you to make the same mistake again.let us remember that in everything we do, there will always be challenges.


Title: Re: Never revenge the market!
Post by: nara1892 on September 08, 2024, 09:44:37 PM
Taking revenge on the market just because you have a loss will eventually lead to a much greater potential loss, I am sure of that because revenge is an action that tends to always be based on emotions where it is quite clear that everything that is done with the drive of emotions will always be bad. And one of the reasons why revenge will actually make you experience a greater amount of loss is because when you trade based on emotion then I think it is clear that it is unlikely for you to make rational considerations before making decisions which in the end are usually taken carelessly and instead lead you to a greater amount of loss.


Title: Re: Never revenge the market!
Post by: laijsica on September 09, 2024, 05:37:24 AM
Taking revenge on the market just because you have a loss will eventually lead to a much greater potential loss, I am sure of that because revenge is an action that tends to always be based on emotions where it is quite clear that everything that is done with the drive of emotions will always be bad. And one of the reasons why revenge will actually make you experience a greater amount of loss is because when you trade based on emotion then I think it is clear that it is unlikely for you to make rational considerations before making decisions which in the end are usually taken carelessly and instead lead you to a greater amount of loss.
Investors may retaliate due to excess financial losses in the market which may lead to further losses. It should be to make yourself more cautious and set the initial level for investment like refraining from investing too much and making yourself experienced considering the market conditions. Cultivating the habit of buying from every bearish as this is one of the ways for an investor to get more profit in a short period of time. Impulsive decisions most of the time cause a lot of losses especially for investors so he should be very careful and patiente in making decisions based on emotions. Every time you have the mindset that you have to make a profit, you should withdraw yourself and accept that you may lose money in trading.


Title: Re: Never revenge the market!
Post by: Adbitco on September 09, 2024, 06:17:34 AM
Taking revenge on the market just because you have a loss will eventually lead to a much greater potential loss, I am sure of that because revenge is an action that tends to always be based on emotions where it is quite clear that everything that is done with the drive of emotions will always be bad. And one of the reasons why revenge will actually make you experience a greater amount of loss is because when you trade based on emotion then I think it is clear that it is unlikely for you to make rational considerations before making decisions which in the end are usually taken carelessly and instead lead you to a greater amount of loss.
Investors may retaliate due to excess financial losses in the market which may lead to further losses. It should be to make yourself more cautious and set the initial level for investment like refraining from investing too much and making yourself experienced considering the market conditions. Cultivating the habit of buying from every bearish as this is one of the ways for an investor to get more profit in a short period of time. Impulsive decisions most of the time cause a lot of losses especially for investors so he should be very careful and patiente in making decisions based on emotions. Every time you have the mindset that you have to make a profit, you should withdraw yourself and accept that you may lose money in trading.
Every trader's mindset is to make profits that is why they engaged themselves into trading and nobody comes into trading with the perspective of losing money while they trade. Even me I can't be so negative that I would lose money while trading, the thing is I have to be courageous and keep my fate boosted to make profit while trading but this will push me to implore new modalities to trade to enable me acquired the required profits needed from the trade I am making.


Title: Re: Never revenge the market!
Post by: shinratensei_ on September 09, 2024, 07:43:53 AM
Taking revenge on the market just because you have a loss will eventually lead to a much greater potential loss, I am sure of that because revenge is an action that tends to always be based on emotions where it is quite clear that everything that is done with the drive of emotions will always be bad. And one of the reasons why revenge will actually make you experience a greater amount of loss is because when you trade based on emotion then I think it is clear that it is unlikely for you to make rational considerations before making decisions which in the end are usually taken carelessly and instead lead you to a greater amount of loss.

to be fair, some people recover their money after revenge trading but only happened to very limited amount of people who are lucky enough.

but honestly, it's natural response when we are so mad that the market isn't in our favour and instead causing us huge loss, that impulse to just go all in and try to recover the losses is definitely strong so it's no wonder that newbie always revenge trade, but the veteran knows that there's always second chance, just take it easy, relax and trade again when market is getting better.

personally i've been through this when I lost my long position after BTC dumped to $49k, building back my capital right now and been doing pretty well though still far from recovering completely.


Title: Re: Never revenge the market!
Post by: nara1892 on September 09, 2024, 04:23:25 PM
Taking revenge on the market just because you have a loss will eventually lead to a much greater potential loss, I am sure of that because revenge is an action that tends to always be based on emotions where it is quite clear that everything that is done with the drive of emotions will always be bad. And one of the reasons why revenge will actually make you experience a greater amount of loss is because when you trade based on emotion then I think it is clear that it is unlikely for you to make rational considerations before making decisions which in the end are usually taken carelessly and instead lead you to a greater amount of loss.

to be fair, some people recover their money after revenge trading but only happened to very limited amount of people who are lucky enough.

but honestly, it's natural response when we are so mad that the market isn't in our favour and instead causing us huge loss, that impulse to just go all in and try to recover the losses is definitely strong so it's no wonder that newbie always revenge trade, but the veteran knows that there's always second chance, just take it easy, relax and trade again when market is getting better.

personally i've been through this when I lost my long position after BTC dumped to $49k, building back my capital right now and been doing pretty well though still far from recovering completely.

Yes, although there is indeed a chance to achieve recovery by trading based on emotions in an attempt to take revenge, but I think it is clear as you said that it only happens to a small number of people, or even just a few of them.
And yes, I understand that emotions are a natural trait in humans as you said, but when we talk about trading, we must have a way to deal with it so that emotions do not occur excessively because trading will always be a risky activity.

With this case, maybe I would say that this is why a trader must have a strong mentality and psychology, not only that, this is also one of the reasons why a trader must have good self-acceptance regarding risk by assuming that losses are a natural result where all traders also experience the same thing.

A beginner is certainly not easy to be in a good situation when they experience this, emotional shocks will definitely happen, but that is normal for a beginner because they are still in the learning stage in forming a strong mentality and psychology to be able to face such a terrible situation without expressing excessive emotions. And another thing is that your experience is something that we can use as an example.


Title: Re: Never revenge the market!
Post by: Jody.Drummer on September 09, 2024, 04:37:42 PM
Every trader's mindset is to make profits that is why they engaged themselves into trading and nobody comes into trading with the perspective of losing money while they trade. Even me I can't be so negative that I would lose money while trading, the thing is I have to be courageous and keep my fate boosted to make profit while trading but this will push me to implore new modalities to trade to enable me acquired the required profits needed from the trade I am making.
I agree with you, we must even be optimistic to be able to get profit from the trading that we do, don't be pessimistic, because if we haven't done anything we are already pessimistic then in my opinion it is better not to do it at all. We must believe in the potential that we have, or in other words we must have self-confidence. However, in the self-confidence that we have, we must also be able to distinguish between self-confidence and greed. Because sometimes it is difficult for us to distinguish between the two, it is easier not to have excessive self-confidence because it can be dangerous for ourselves. Everything must have a measure and that measure is what we must maintain as well as possible so that something unwanted does not happen.


Title: Re: Never revenge the market!
Post by: imamusma on September 09, 2024, 04:49:41 PM
Every trader's mindset is to make profits that is why they engaged themselves into trading and nobody comes into trading with the perspective of losing money while they trade. Even me I can't be so negative that I would lose money while trading, the thing is I have to be courageous and keep my fate boosted to make profit while trading but this will push me to implore new modalities to trade to enable me acquired the required profits needed from the trade I am making.
I agree with you, we must even be optimistic to be able to get profit from the trading that we do, don't be pessimistic, because if we haven't done anything we are already pessimistic then in my opinion it is better not to do it at all. We must believe in the potential that we have, or in other words we must have self-confidence. However, in the self-confidence that we have, we must also be able to distinguish between self-confidence and greed. Because sometimes it is difficult for us to distinguish between the two, it is easier not to have excessive self-confidence because it can be dangerous for ourselves. Everything must have a measure and that measure is what we must maintain as well as possible so that something unwanted does not happen.
Knowledgeable traders are more likely to make a profit. They know how to take advantage of volatility and they also know how to observe trends through existing indicators. If traders understand this, they are very likely to generate returns from their trading activities. Being optimistic without being supported by analysis is the same as hoping to win at gambling, winning is described as luck.

Several trading indicators are very important to always observe when a trading session is active. If the indicator has shown good potential for an exit, the trader will sell and take the profit. Likewise when they want to buy or start trading. One of the indicators I mean is RSI.


Title: Re: Never revenge the market!
Post by: justdimin on September 10, 2024, 05:35:43 AM
Knowledgeable traders are more likely to make a profit. They know how to take advantage of volatility and they also know how to observe trends through existing indicators. If traders understand this, they are very likely to generate returns from their trading activities. Being optimistic without being supported by analysis is the same as hoping to win at gambling, winning is described as luck.

Several trading indicators are very important to always observe when a trading session is active. If the indicator has shown good potential for an exit, the trader will sell and take the profit. Likewise when they want to buy or start trading. One of the indicators I mean is RSI.
The problem is that most newbies lack experience and still go in too fast, there is nothing that we can do about that. We should consider that it is going to be something that will take a while and I believe that people who know how to trade and deal with it could end up making so much better results and I believe that we are going to end up with something much better as well.

The reality is that we are dealing with traders who make money from this for years now, so experienced ones definitely know that they shouldn't chase after each loss, they just move to next one and that's how they keep making better profits. I believe that we shouldn't really be worried about it, we need to make sure that we deal with something that takes a bit more time.


Title: Re: Never revenge the market!
Post by: betswift on September 10, 2024, 05:38:22 AM
Knowledgeable traders are more likely to make a profit. They know how to take advantage of volatility and they also know how to observe trends through existing indicators. If traders understand this, they are very likely to generate returns from their trading activities. Being optimistic without being supported by analysis is the same as hoping to win at gambling, winning is described as luck.

Several trading indicators are very important to always observe when a trading session is active. If the indicator has shown good potential for an exit, the trader will sell and take the profit. Likewise when they want to buy or start trading. One of the indicators I mean is RSI.
The problem is that most newbies lack experience and still go in too fast, there is nothing that we can do about that. We should consider that it is going to be something that will take a while and I believe that people who know how to trade and deal with it could end up making so much better results and I believe that we are going to end up with something much better as well.

The reality is that we are dealing with traders who make money from this for years now, so experienced ones definitely know that they shouldn't chase after each loss, they just move to next one and that's how they keep making better profits. I believe that we shouldn't really be worried about it, we need to make sure that we deal with something that takes a bit more time.

You are right.
The bigger picture should be in the mind of who may did something wrong while trading.
Otherwise, he could end up with a result that was even worse than the previous one.


Title: Re: Never revenge the market!
Post by: Gladitorcomeback on September 10, 2024, 10:39:58 AM
Knowledgeable traders are more likely to make a profit. They know how to take advantage of volatility and they also know how to observe trends through existing indicators. If traders understand this, they are very likely to generate returns from their trading activities. Being optimistic without being supported by analysis is the same as hoping to win at gambling, winning is described as luck.

Several trading indicators are very important to always observe when a trading session is active. If the indicator has shown good potential for an exit, the trader will sell and take the profit. Likewise when they want to buy or start trading. One of the indicators I mean is RSI.

Knowledge does make a difference but then those who are knowledgeable and have technical knowledge and understanding, they wouldn't trade against the market trends. As you mentioned, if a person is doing technical analysis, they should be able to see when the market is going to go up or down, they would at least have a slight idea based on their knowledge and chart-reading capabilities, in such scenarios, they wouldn't trade against the market even if there is volatility and profit windows because they know the market can burn them in no time.

One needs to be very quick with their entries and exits if they are trying to trade against the market with coins or tokens that are providing small trading windows but if things don't work out well, losses can incur and I don't think any trader would take unnecessary risks when they can make profit at a later time trading with the trend.


Title: Re: Never revenge the market!
Post by: Mahanton on September 10, 2024, 07:56:03 PM
Knowledgeable traders are more likely to make a profit. They know how to take advantage of volatility and they also know how to observe trends through existing indicators. If traders understand this, they are very likely to generate returns from their trading activities. Being optimistic without being supported by analysis is the same as hoping to win at gambling, winning is described as luck.

Several trading indicators are very important to always observe when a trading session is active. If the indicator has shown good potential for an exit, the trader will sell and take the profit. Likewise when they want to buy or start trading. One of the indicators I mean is RSI.

Knowledge does make a difference but then those who are knowledgeable and have technical knowledge and understanding, they wouldn't trade against the market trends. As you mentioned, if a person is doing technical analysis, they should be able to see when the market is going to go up or down, they would at least have a slight idea based on their knowledge and chart-reading capabilities, in such scenarios, they wouldn't trade against the market even if there is volatility and profit windows because they know the market can burn them in no time.

One needs to be very quick with their entries and exits if they are trying to trade against the market with coins or tokens that are providing small trading windows but if things don't work out well, losses can incur and I don't think any trader would take unnecessary risks when they can make profit at a later time trading with the trend.
Trading against the market trend is really just that like doing suicide on which it would really be always recommended that you should really know on what you should gonna do on a specific market condition on which we know that this is something which is really that relevant when it comes to this aspect.Whenever you do lose up your position or simply having that bad entry on which it would be resulting to negative, then this something that normally give out that kind of impulsive feeling or emotions on which it is really just that normal for someone to be able to experience out. When you do make trading then don't bring out that gambler like mind or behavior because it doesn't just work here on this side or something relevant.On the moment that you do make out some trades then it will really be ideal that you should really know at least on what you are really that doing.Go with the flow and act accordingly on what you should do or basing up on your knowledge towards trading.Profitability will always depends on how well you do handle yourself into this market on which we know that this is something which is really unpredictable and total randomness. Never make yourself being impulsive because this is where people messed up their trading just because of wrong approach and actions been doing.We can't be perfect in terms of trading but doesn't mean that we can't be able to make some good trades.It will really just that matter on how well you are on making trades.


Title: Re: Never revenge the market!
Post by: NicNacCoin on September 10, 2024, 11:32:37 PM
We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece . No!
First of all you have to see to it that you are psychologically prepared to trade, you need to build confidence..
No matter how much you've lost you need to take a break, get your mind off do something that can help build confidence, restrategize
Trade risk free, trade like you haven't had any losses not like a gambler.
A friend of mine who lost hope in trading was advicing some one else , he said " if you wanna go into trading you need to have a family doctor close by"😂
I laughed my eyes out, but in order to avoid the same ordeal he went through I learnt to trade this way, I make sure I bear in mind that no matter the outcome I'm ready for it .
This is how you trade, it's all about composure, belief etc.
Trading is not an easy way to make money.  Many people consider trading platforms as an easy way to make money.  People who consider trading as an easy way to earn money end up losing money on trading platforms.  Here your friend might have lost money most of the time on trading platform which is why he said that.  I am also involved in trading platform I don't trade regularly but I continue with trading most of the time but I understand trading platform can't be too greedy trading with passion.  But if you gain some experience from the trading platform, you can earn money from it.


Title: Re: Never revenge the market!
Post by: uswa56 on September 11, 2024, 03:16:56 PM
Taking revenge on the market just because you have a loss will eventually lead to a much greater potential loss, I am sure of that because revenge is an action that tends to always be based on emotions where it is quite clear that everything that is done with the drive of emotions will always be bad. And one of the reasons why revenge will actually make you experience a greater amount of loss is because when you trade based on emotion then I think it is clear that it is unlikely for you to make rational considerations before making decisions which in the end are usually taken carelessly and instead lead you to a greater amount of loss.
Investors may retaliate due to excess financial losses in the market which may lead to further losses. It should be to make yourself more cautious and set the initial level for investment like refraining from investing too much and making yourself experienced considering the market conditions. Cultivating the habit of buying from every bearish as this is one of the ways for an investor to get more profit in a short period of time. Impulsive decisions most of the time cause a lot of losses especially for investors so he should be very careful and patiente in making decisions based on emotions. Every time you have the mindset that you have to make a profit, you should withdraw yourself and accept that you may lose money in trading.

When someone experiences a loss and resumes what they are doing, it will be difficult for them to make the right decision on what they are doing and it will be better for them to rest and go back to learn the mistake they have made so as not to repeat it when they try again.
Buying in a bearish condition will indeed give us an advantage when the market condition will be bullish again but we must analyze it first before deciding to buy it, because without making any consideration we can be wrong when deciding to buy the asset which can be detrimental to us after buying it.