Never revenge the market!

[Gooner0]

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.

[bitLeap]

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.

[Issa56]

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.

[Aanuoluwatofunmi]

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.

[Zaguru12]

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

[RockBell]

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.

[Rruchi man]

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.

[mirakal]

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.

[adaseb]

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.

[Alana Arden]

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.

[TheUltraElite]

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.

[ancafe]

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.

[Mr.sprin]

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.

[$weetne$$]

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.

[slaman29]

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

[SquirrelJulietGarden]

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.

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.

[Unitedbountycommunity1]

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.

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.

[Pandu Geddon]

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.

[GigaBit]

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.

[kentrolla]

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.