What are your thoughts on revenge trading?

[Obari]

Of recent, I've come across alot of people talking about traders chasing their losses which at the end, leads to possible blowing of accounts.
I understand that people trade with expections and most times when this expectations aren't met, they try as much as possible to chase after their losses and my questions are
~ what is your take on revenge trading?
~ Do you think people intentionally go into revenge trading or is is just emotional?
~ what will you advise someone making series of losses ?

[goaldigger]

~ what is your take on revenge trading?
~ Do you think people intentionally go into revenge trading or is is just emotional?
~ what will you advise someone making series of losses ?

There's no such revenge trading, as a trader its normal to lose money and there's no way to chase that because trading is not gambling.
You can trade and still lose the money, this will always depend on how you execute your strategy and how you analyze the chart. In trading, there should be no emotion attached to your every decision and if you are making a lot of losses then probably something is wrong with your strategy, better to adjust it and continue to learn.

[Charles-Tim]

~ what is your take on revenge trading?

If you trade and you lose, stop trading and try and know the reason you are losing. If you are using too much money to trade, try and reduce it and keep looking for better strategies that can effectively help you to have profit while trading.

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

It is emotion, not intentional.

~ what will you advise someone making series of losses ?

Stop trading for awhile and look for better strategies. The trader should reduce the money he is using to trade. The trader should use low or no leverage, he should discipline himself from emotions by not going beyond his strategies.

[Husires]

In any case, I advise you to leave your feelings away when trading. In all cases, there is profit and loss in trading, which means that loss is part of the process of profit.
Trading revenge and trying to trade in order to please your hormones will lead you to more losses.

[KingsDen]

Of recent, I've come across alot of people talking about traders chasing their losses which at the end, leads to possible blowing of accounts.
I understand that people trade with expections and most times when this expectations aren't met, they try as much as possible to chase after their losses and my questions are
~ what is your take on revenge trading?
~ Do you think people intentionally go into revenge trading or is is just emotional?
~ what will you advise someone making series of losses ?

This is the point at which trading looks closely like gambling. In the case of gambling a gambler will tend to make a win after several losses or in the other hand will like to make more wins after successive win but maylikely to lose their money.
In Trading when you lose your trade you don't need to hasten into another trade. You have to re-evaluate your strategy and see how well it is working with the current market condition otherwise you will keep losing.

[Viscore]

In any case, I advise you to leave your feelings away when trading. In all cases, there is profit and loss in trading, which means that loss is part of the process of profit.
Trading revenge and trying to trade in order to please your hormones will lead you to more losses.

Don’t get too emotional when you are in trading because the moment you started losing, those emotions will burst out and become uncontrolled. That is why never involve your emotions when trading, although it’s a way quite impossible since we definitely put our feelings and emotions in all that we do. One thing is certain, if you see yourself you are in constant losing, then take a break and then think of new strategies that have higher chances that will work on you. Trading is not just all about profits, so never expect for trading to be always favoring your side.

[Woodie]

Of recent, I've come across alot of people talking about traders chasing their losses which at the end, leads to possible blowing of accounts.

Honestly, Traders that revenge trade are indiscipline traders that clearly shows that they also have no strategy to follow and all they are doing is gambling and not trading!!

I understand that people trade with expections and most times when this expectations aren't met, they try as much as possible to chase after their losses and my questions are

From my experience, trading involves knowing how to manage your emotions and if you can't then clearly you aren't ready to trade because once things don't go your way, one gets to be reckless and things like revenge trading, trading without a stop-loss etc follow.

~ what will you advise someone making series of losses ?

For starters, let's all understand losses are part of trading you can't always win but you can minimize them by perfecting a trading strategy.

[len01]

when a person starts trading and he loses several times, that emotional feeling will appear and after that the trait of wanting to chase losses or chase losses will appear and after that he will get big losses.
incidents like that are actually very natural when a trader cannot control or control his emotions. even though the main key to trading in crypto is patience and being able to control your emotions. if all else failed, a loss was likely awaiting him.
there is no good advice except self-control to avoid emotions when trading and stay away from chasing losses, which is not very good.

[TimeTeller]

when a person starts trading and he loses several times, that emotional feeling will appear and after that the trait of wanting to chase losses or chase losses will appear and after that he will get big losses.
incidents like that are actually very natural when a trader cannot control or control his emotions. even though the main key to trading in crypto is patience and being able to control your emotions. if all else failed, a loss was likely awaiting him.
there is no good advice except self-control to avoid emotions when trading and stay away from chasing losses, which is not very good.

People should take it slow and learn what happened about his losses.
Know what made him lost the last time he did trading.
Because if he will rush and as the OP said take revenge for what he lost,
he will more likely lose again as he would not be thinking logically.
This is why a lot of traders are losing because they are overpowered by their emotions and not the rationale.

[Scripture]

Emotion is not ok in trading because you should trade according to your analysis and not because of your negative emotion, so if you are thinking about chasing your bad trades I guess its not ok. In trading you can’t avoid losing money, its part of the game and you should know how to deal with it. It’s ok to lose some money as long as at the end of day you can still achieve your goal and be more consistent.

[minime0105]

Of recent, I've come across alot of people talking about traders chasing their losses which at the end, leads to possible blowing of accounts.

Trading is something that i believe that when you make a mistake in trading and you are serious not to fall into such kind of trading mistake you will not fall again. So it's not good for someone to be seriously to chase it lost in trading, so i will say that trading is not gambling whereby they most have known the exact thing the want with a strategies, because trading when you make a mistake and you are unable to identify the trading error and you also want so chase your Lost without knowing were the mistake is coming from, so if you continue you will lose for the second time.

[SquallLeonhart]

Of recent, I've come across alot of people talking about traders chasing their losses which at the end, leads to possible blowing of accounts.

When you are able to cut your losses earlier then I guess all related problems will get eliminated basically. So, not having proper trading plans or analysis depth is the core reason here for pushing anyone to chase losses and then losing all the capital.

~ Do you think people intentionally go into revenge trading or is is just emotional?
~ what will you advise someone making series of losses ?

When you do not have plans for your trades or not sticking with your plans then your emotions will come into play. To avoid series of losses and all other problems, we need to leave off the trading after a attaining certain loss which is possible by following pre-determined plans.

[joniboini]

Is this really a thing?

Never heard about it for at least 3 years I'm involved with crypto. It is similar to gacha gamer behavior where they keep pulling even if they don't have enough pulls left just because they hope they can get some decent units. The motivation is clearly different though. I don't understand why you pull keep making more losses just because you're angry unless you're fine with burning money.

~ what will you advise someone making series of losses ?

Lots of good tips have been posted above. I'd strongly suggest they learn more emotional control at least. It's difficult to suggest trading tips when they don't even bother to learn or manage their emotion when the result is not in line with their hope. For example, the simple tips of using the money you can afford to lose are probably not gonna help them at all.

There are many goods emotional intelligence books out there. Even on Youtube, you can find some decent videos. That should be good enough for a start if they don't know a single thing about emotion management.

[Iadegbola34]

Revenge trading is actually a disastrous act for a trader that wants to be successful. As a trader you shouldn't take trades based on impulses and emotions, that way, you're able to see clearly why you're losing and back test your trading strategy. To avoid revenge trading, take every trade as a loss and hope for the best, so if it doesn't go your way you are able to move on easily.

[noorman0]

Emotional factors often affect someone who starts to suffer continuous losses, and often it happens to traders who rely on feelings.
It is actually useless to chase losses, trading is speculative which in no way promises accuracy. What needs to be done should be an evaluation of analytical methods and strategies.

[passwordnow]

Trading is a game of money and emotions. That's why when someone is in a rage, he or she better get off the market because it's not going to do him any good. And that's for sure honestly because that will take all of his money because of what he's feeling emotional.
If you're having that feeling that you think that you should decide as soon as possible for you to make some, that's not going to do any good on your end.
Just trade with the right emotion so, you're aware of what you does.

[jrrsparkles]

~ what is your take on revenge trading?
~ Do you think people intentionally go into revenge trading or is is just emotional?
~ what will you advise someone making series of losses ?

1. The term itself not familiar to me, probably it was just created around the internet who generally try to chase their loss but the fact is it will lead to further loss.

2. Emotions plays critical role in trading so if someone fails to manage it at the right time will trap into their chase.

3. Nope, they're doing something wrong that is why they are losing so they need to assess the situation and modify their strategy before trying further will be my advise.

[tvplus006]

Of recent, I've come across alot of people talking about traders chasing their losses which at the end, leads to possible blowing of accounts...

If your order is liquidated by the exchange, then you probably do not adhere to risk management. And if the price moves in the opposite direction to your expectations, you need to fix the loss, and not wait for your deposit to be liquidated. At the same time, the trader should not have any emotions when trading, otherwise he will react incorrectly to the changes taking place in the market.

[Kgdktac]

Revenge trading is a type of trading that is motivated by emotions, particularly the desire to "get back" at the market or at a specific trade that has resulted in a loss. This type of trading is often driven by feelings of frustration, anger, or a desire to recoup losses quickly.

Revenge trading can be very risky and is generally not a good idea. It is important for traders to remain disciplined and to stick to a well-thought-out trading plan, rather than allowing their emotions to influence their decisions. When traders allow their emotions to guide their trading, they may make impulsive or irrational decisions that can lead to further losses. It is much better to approach trading with a clear, calm mind and to make decisions based on objective analysis and a solid understanding of the market.

[mk4]

In my case — and I'm pretty sure in most cases, revenge trading has almost always ended me up with a far bigger loss. It's pretty much just taking a trade just for the sake of it because you want to recoup a past loss, even if you have little to no conviction with the trade.