Never revenge the market!

[Gladitorcomeback]

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.

[CageMabok]

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.

[betswift]

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

[Dr.Bitcoin_Strange]

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.

[stomachgrowls]

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.

[el kaka22]

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.

[skarais]

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.

[betswift]

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

[Finestream]

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.

[SamReomo]

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.

[Viscore]

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.

[betswift]

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

[Rockstarguy]

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.

[Dr.Bitcoin_Strange]

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.

[Aanuoluwatofunmi]

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.

[jaberwock]

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.

[Hamza2424]

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.

 

[aylabadia05]

<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.

[Lanatsa]

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.

[doomloop]

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.