mindrust
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January 08, 2023, 07:43:59 PM |
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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 ?
It is a form of gambling. It is like losing $50k playing dice then wagering $50k more to take the first $50k back. Of course 99 times out of 100 the player loses his second $50k too and ends up losing $100k. You can avoid these situations only if you invest/trade/gamble with the money which can afford to lose. Otherwise you are going to create a situation where you will make more mistakes like the guy in the example I gave you above. Always have a back up plan and that plan shouldn't be the same plan which made you lose money. I lost money trading "shitcoin A". I need to trade "shitcoin B" to make up for my losses from trading "shitcoin A".
^Big No no.
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milewilda
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January 08, 2023, 08:59:30 PM |
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Of recent, I've come across alot of people talking about traders chasing their losses which at the end, leads to possible blowing of accounts. I understand that people trade with expections and most times when this expectations aren't met, they try as much as possible to chase after their losses and my questions are ~ what is your take on revenge trading? ~ Do you think people intentionally go into revenge trading or is is just emotional? ~ what will you advise someone making series of losses ?
Revenge or having that kind of trying out to chase up your losses or trying to break even is something not really that recommendable because it does really shows up on about on being that impulsive when it comes to your emotions if you are really that acting on this way which is really a huge mistake.We cant really deny out that on the time that we do lost on a particular trade then we would be mainly be minding about on how to get those losses back which it is a common reaction but most cases people do lost off track in regarding with their analysis on which they would really be that ending up on being desperate when it comes to their actions which its never been something like that a wise move to be done.
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Ziskinberg
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January 09, 2023, 10:03:35 AM |
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Of recent, I've come across alot of people talking about traders chasing their losses which at the end, leads to possible blowing of accounts. I understand that people trade with expections and most times when this expectations aren't met, they try as much as possible to chase after their losses and my questions are ~ what is your take on revenge trading? ~ Do you think people intentionally go into revenge trading or is is just emotional? ~ what will you advise someone making series of losses ?
Revenge or having that kind of trying out to chase up your losses or trying to break even is something not really that recommendable because it does really shows up on about on being that impulsive when it comes to your emotions if you are really that acting on this way which is really a huge mistake.We cant really deny out that on the time that we do lost on a particular trade then we would be mainly be minding about on how to get those losses back which it is a common reaction but most cases people do lost off track in regarding with their analysis on which they would really be that ending up on being desperate when it comes to their actions which its never been something like that a wise move to be done. Is not good at all, chasing losses leads to losing more in the end. Emotions - this is a big problem with most new traders and makes them get out of their positive approach to the market. If we wanted to get back our losses in the past, it is better to focus on improving our knowledge and trading skills instead of thinking about a revenge attack. There are 3 things we need to do in order to make it possible in trading - correct our mistakes, be patient, and learn to adopt the situation.
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EdenHazard
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January 09, 2023, 03:35:27 PM |
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Of recent, I've come across alot of people talking about traders chasing their losses which at the end, leads to possible blowing of accounts. I understand that people trade with expections and most times when this expectations aren't met, they try as much as possible to chase after their losses and my questions are ~ what is your take on revenge trading? ~ Do you think people intentionally go into revenge trading or is is just emotional? ~ what will you advise someone making series of losses ?
Revenge or having that kind of trying out to chase up your losses or trying to break even is something not really that recommendable because it does really shows up on about on being that impulsive when it comes to your emotions if you are really that acting on this way which is really a huge mistake.We cant really deny out that on the time that we do lost on a particular trade then we would be mainly be minding about on how to get those losses back which it is a common reaction but most cases people do lost off track in regarding with their analysis on which they would really be that ending up on being desperate when it comes to their actions which its never been something like that a wise move to be done. You could simply turn your trading into gambling with that kind attitude indeed. A very bad idea involving your inner ambition as you failed at the first attempt then trying again in the second , third and so on ... that could be an endless cycle and dangerous thing to do , you better set the reasonable goal and chase it in reasonable ways as well. Don't get too ambitious .. you are in a wrong place if you do so.
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FanEagle
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January 10, 2023, 09:51:34 PM |
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Too many people did this during 2022 bear run and too many people lost. We should not be revenge trading, there is no return on that and you are going to end up being unhappy because of it, no need to do it at all.
I personally believe that a loss is a loss and you should get over it, it's normal and when trading you can't always make profits because that is literally impossible, but if you have a loss at least learn from it. Then you start to trade normally again, it would definitely help you out a lot, it should be pretty awesome in the end. That's just my understanding of the market, just keep doing the way you normally do, no matter what the results are, and don't get emotional about it.
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Oilacris
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January 10, 2023, 09:55:36 PM |
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Too many people did this during 2022 bear run and too many people lost. We should not be revenge trading, there is no return on that and you are going to end up being unhappy because of it, no need to do it at all.
I personally believe that a loss is a loss and you should get over it, it's normal and when trading you can't always make profits because that is literally impossible, but if you have a loss at least learn from it. Then you start to trade normally again, it would definitely help you out a lot, it should be pretty awesome in the end. That's just my understanding of the market, just keep doing the way you normally do, no matter what the results are, and don't get emotional about it.
When you do lost then you should move on and then reassess on where you have done something wrong but it would really be mind boggling because you would really be seeing that it was just right but still a losing trade.You should be putting up into your mind that market is truly that unpredictable and there's no way that we could guarantee out our analysis no matter how good it would be. Just dont make yourself that desperate so that you wont really be anticipating positive results towards your trading and wont really be that impulsive when it comes to your emotion which would cause up that revenge trading.
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bounceback
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Vave.com - Crypto Casino
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January 12, 2023, 03:23:16 PM |
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-snip- 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 ?
If someone wants to do revenge trading, then usually they will only get even bigger losses, maybe many people think that by doing this they will be able to cover the initial losses they received, but in fact it is the opposite, because when trading revenge revenge no longer pays attention to risk and no longer relies on precise strategies that must be applied when trading as usual so that it results in further losses, in my opinion it is highly not recommended for anyone when they experience defeat to take revenge.
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Awaklara
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January 12, 2023, 03:52:00 PM |
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-snip- 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 ?
If someone wants to do revenge trading, then usually they will only get even bigger losses, maybe many people think that by doing this they will be able to cover the initial losses they received, but in fact it is the opposite, because when trading revenge revenge no longer pays attention to risk and no longer relies on precise strategies that must be applied when trading as usual so that it results in further losses, in my opinion it is highly not recommended for anyone when they experience defeat to take revenge. with no emotional control when trading, it will increase the risk of continued trading. trade for the amount you are prepared to lose. if you want revenge, I think it has to be a contemplation of the strategic mistakes made. instead of shocking with emotion. I'll bet, people who trade like that will never be satisfied with what has been achieved.
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ScamViruS
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January 12, 2023, 04:02:24 PM |
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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 ?
After making multiple losses, a thought comes to the mind of the traders as to how they will recover those losses. And they chase to take profitable trades to cover those losses, but their efforts can often lead to more losses. And for this revenge trading, it actually affects the traders more emotionally. I have experienced such situations and I realized that revenge trading does not take long to washout a trader's account.
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pawanjain
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January 12, 2023, 04:28:25 PM |
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~ 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. Revenge reading is unhealthy because as you mentioned it will literally blow up the portfolio account. What's the benefit of doing it then ? 2. I think it's an emotional thing because revenge is an emotion and trading should not involve emotions. Our strategy should be calculated and pre-planned. 3. Avoid revenge trading. Try to control your emotions. Practice your strategies well.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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CryptoYar
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January 12, 2023, 04:52:23 PM |
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~ what is your take on revenge trading?
Revenge trading or chasing loss is nothing but a way to lose more. ~ Do you think people intentionally go into revenge trading or is is just emotional?
No one would want to lose his money intentionally. Of course, they want to reach breakeven but in this process, they lose more. However, it should be like, when your stop loss is hit, accept the loss and wait for the price to come to your point of interest. And observe the price action in a lower time frame to jump in. If you take trades with good risk to reward then I don't think you will be bothered if some stop loss hits.
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salad daging
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January 12, 2023, 05:00:12 PM |
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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 ?
After making multiple losses, a thought comes to the mind of the traders as to how they will recover those losses. And they chase to take profitable trades to cover those losses, but their efforts can often lead to more losses. And for this revenge trading, it actually affects the traders more emotionally. I have experienced such situations and I realized that revenge trading does not take long to washout a trader's account. Indirectly they don't have control over everything that happens in trading, but revenge trading is not a fast way unless we can choose slowly, it can cover losses, it's just that it takes a long time of patience to do it. This effort is often not what is expected, sometimes we will become emotional during the trade, so my advice is that it is not the right way, but because of the emotional ambition of losing the trade.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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xSkylarx
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January 12, 2023, 05:13:15 PM |
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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 ?
After making multiple losses, a thought comes to the mind of the traders as to how they will recover those losses. And they chase to take profitable trades to cover those losses, but their efforts can often lead to more losses. And for this revenge trading, it actually affects the traders more emotionally. I have experienced such situations and I realized that revenge trading does not take long to washout a trader's account. Indirectly they don't have control over everything that happens in trading, but revenge trading is not a fast way unless we can choose slowly, it can cover losses, it's just that it takes a long time of patience to do it. This effort is often not what is expected, sometimes we will become emotional during the trade, so my advice is that it is not the right way, but because of the emotional ambition of losing the trade. Rule number one don't chase your losses as you will lose more. I know what you mean but traders tend to not chase their losses so how they can recover their losses? Simple they continue trading and they keep in their mind that they need to follow their strategy and nothing less so over time if you have discipline you will able to win back your loses by keep winning trades and your goal is just only to win trades and not having to chase your losses. In the long run, you will be able to win back your losses as long as you will stay on your strategy.
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ScamViruS
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January 12, 2023, 05:28:32 PM |
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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 ?
After making multiple losses, a thought comes to the mind of the traders as to how they will recover those losses. And they chase to take profitable trades to cover those losses, but their efforts can often lead to more losses. And for this revenge trading, it actually affects the traders more emotionally. I have experienced such situations and I realized that revenge trading does not take long to washout a trader's account. Indirectly they don't have control over everything that happens in trading, but revenge trading is not a fast way unless we can choose slowly, it can cover losses, it's just that it takes a long time of patience to do it. This effort is often not what is expected, sometimes we will become emotional during the trade, so my advice is that it is not the right way, but because of the emotional ambition of losing the trade. Trading should be done within a discipline and controlling emotions is an important step. Emotions are often responsible for revenge trading. An experienced trader does not think of covering a loss in any way, because he knows that in trading it is possible to win trades with patience rather than revenge trading. Money management, patience, market knowledge will enable a trader to trade successfully.
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South Park
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January 12, 2023, 07:36:36 PM |
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Of recent, I've come across alot of people talking about traders chasing their losses which at the end, leads to possible blowing of accounts. I understand that people trade with expections and most times when this expectations aren't met, they try as much as possible to chase after their losses and my questions are ~ what is your take on revenge trading? ~ Do you think people intentionally go into revenge trading or is is just emotional? ~ what will you advise someone making series of losses ?
Obviously doing such a thing is a mistake and this shows that the person did not really test whatever strategy they were using, because if they did they will realize that even when you have a good strategy you can still lose many times in a row, and my advice to them is simple, take a break, if you have lost several trades and you are feeling bad about it then do something else, the markets are not going to disappear just because you do not trade them for a day or two, do something else and once you are over it then you can trade again.
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Davidvictorson
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January 12, 2023, 08:32:34 PM |
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Of recent, I've come across alot of people talking about traders chasing their losses which at the end, leads to possible blowing of accounts. I understand that people trade with expections and most times when this expectations aren't met, they try as much as possible to chase after their losses and my questions are ~ what is your take on revenge trading? ~ Do you think people intentionally go into revenge trading or is is just emotional? ~ what will you advise someone making series of losses ?
I want to believe that people participate in revenge trading in an effort to repair the harm previously done. They want to feel just as they did prior to their loss of money. And they believe that if they act swiftly, they will rapidly recover their investment. Revenge traders frequently increase their deal amount and seek out new trades right away. When trading in revenge for a loss, traders view the market through a different lens than they did before. It only concerns getting back. They don't take into account your stops, risks, or suggestions. Identify when you feel this way and put a break in place.
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stomachgrowls
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January 12, 2023, 09:40:24 PM |
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Of recent, I've come across alot of people talking about traders chasing their losses which at the end, leads to possible blowing of accounts. I understand that people trade with expections and most times when this expectations aren't met, they try as much as possible to chase after their losses and my questions are ~ what is your take on revenge trading? ~ Do you think people intentionally go into revenge trading or is is just emotional? ~ what will you advise someone making series of losses ?
I want to believe that people participate in revenge trading in an effort to repair the harm previously done. They want to feel just as they did prior to their loss of money. And they believe that if they act swiftly, they will rapidly recover their investment. Revenge traders frequently increase their deal amount and seek out new trades right away. When trading in revenge for a loss, traders view the market through a different lens than they did before. It only concerns getting back. They don't take into account your stops, risks, or suggestions. Identify when you feel this way and put a break in place. Or simply everything would really be messed up and this would be likely the case on which you wouldnt really be following the method or simply the path you've taken earlier but rather you would really be that careless because the main thing that you do have in mind is to get back those losses as much as possible and you would be lose off track on things that you should need to follow and this is where things even more messy considering that high chance of losing more. This is like gambling and chasing losses is never been ideal whether you are dealing with gambling or trading.It would really be just the same where this behavior could put you into more deeper trouble.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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gabbie2010
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January 13, 2023, 03:35:33 PM |
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Of recent, I've come across alot of people talking about traders chasing their losses which at the end, leads to possible blowing of accounts. I understand that people trade with expections and most times when this expectations aren't met, they try as much as possible to chase after their losses and my questions are ~ what is your take on revenge trading? ~ Do you think people intentionally go into revenge trading or is is just emotional? ~ what will you advise someone making series of losses ?
Revenge trading is the worst thing that you can do to yourself and your account as well. Trading is a test of your emotional intelligence and patience. Things like revenge trading will only make you do hasty decision making nothing other than that. Which will give you even more losses and you'll become even more hungry for revenge and go into even more loss this cycle would continue until you blow your account. Iam a victim of revenge trading unfortunately it had done more harm to my account than good, after some losing streaks I do embark on revenge trading due to emotion which I think it isn't intentional while deviating from my main trading strategy in most cases I blew up my account and have to start afresh, I believe this often common among newbies In a bid to recover losses swiftly ended up losing more money,though I always trade with the amount of money I can afford to lose, obviously to be successful in trading one has be well disciplined to overcome any form of emotion and also avoid changing trading strategy.
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TheUltraElite
Legendary
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So anyway, I applied as a merit source :)
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January 13, 2023, 04:48:54 PM |
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I want to believe that people participate in revenge trading in an effort to repair the harm previously done. They want to feel just as they did prior to their loss of money. And they believe that if they act swiftly, they will rapidly recover their investment. Revenge traders frequently increase their deal amount and seek out new trades right away. When trading in revenge for a loss, traders view the market through a different lens than they did before. It only concerns getting back. They don't take into account your stops, risks, or suggestions. Identify when you feel this way and put a break in place. A compulsive action it seems, which I have seen among newbies and those who end up with a loss on their trading ventures. It seems this term has now gained some notoriety than when I first visited this thread when I only kept assumptions as to what it meant. Truly, trading is a game of emotions and patience and this behavior only means that all those things have collapsed and the trader is mentally on the verge of breaking down. I am sure this can be prevented and with caution one can avoid such things from happening. Like I said before, this is similar to chasing losses of gambling which has a devastating outcome. Why not start with dummy trading and then you can identify your mistakes easily without actually losing money? It can help reveal your compulsive nature as well, in which case I would suggest against trading.
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justdimin
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January 13, 2023, 04:49:41 PM |
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Iam a victim of revenge trading unfortunately it had done more harm to my account than good, after some losing streaks I do embark on revenge trading due to emotion which I think it isn't intentional while deviating from my main trading strategy in most cases I blew up my account and have to start afresh, I believe this often common among newbies In a bid to recover losses swiftly ended up losing more money,though I always trade with the amount of money I can afford to lose, obviously to be successful in trading one has be well disciplined to overcome any form of emotion and also avoid changing trading strategy.
We all did it at some point in our lives and that's a sad thing of course but that doesn't change the fact that we shouldn't be really feeling a lot more responsible for it. I have to explain to people that it's not going to be a great thing to keep fighting for a grain of profit just to make that money back, and we all did follow our losses with a revenge and lost. If we kept moving on and not focus on that loss then we would have lost less. In any situation, we learned from it, and that money gone means that the future will be better. I never did a revenge trade again after my first few, which means that I learned from my mistakes and it totally worths it.
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