Never revenge the market!

[ajiz138]

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.

[Dzwaafu11]

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. 

[laijsica]

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.

[Gladitorcomeback]

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.

[Mpamaegbu]

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.

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.

[Mahanton]

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.

[Krishna1942]

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.

[AYOBA]

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.

[Silberman]

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.

[Dewi Aries]

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.

[Baki202]

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.

[Franctoshi]

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.

[barisbilgili]

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.

[CageMabok]

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.

[lixer]

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.

[Dewi Aries]

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.

[alastantiger]

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.

[Rampagoe004]

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.

[Peanutswar]

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.

[Farma]

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.