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 The danger of Revenge in Forex Trading

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 The danger of Revenge in Forex Trading in General Forex Discussion_xx
Now those who have been trapped in greed when they profit generally will experience loss in their subsequent trades. Until here, if you still don't want to "repent", you will generally continue to the next psychological problem called revenge. Those who have the revenge syndrome on the market generally have this thought: "What also goes on, the main thing is I return on investment first. "

Instead of return on investment, what goes on next is even greater loss. Why? The triggers of those who have been attacked by thoughts of revenge like this are always thinking of reaching the BEP (break-even point) in the shortest possible timeframe (and a careful tempo - like a proclamation). Resulting in the opening of an impressive position forced even though the market does not support. Yes, what else if it's not loss?

Remember that we are not the ones who can manage the market, but we are the ones who need to follow the market movement. Market has always been a close friend who is very good for those who can follow the movements. And vice versa the market becomes a cruel monster when we cross the direction of movement.

So what do we need to do if in the first months of trading we have a loss? To be sure revenge is not the answer. The best thing we can do when we experience loss is to review the trading system and all our shortcomings. Is our analysis still inaccurate? Or are we mentally not ready? Even if we still find a lot of problems here and there when trading real accounts, don't feel ashamed to return to the demo. But come back with a definite idea. What will we do in the demo? Now this needs to be answered.

Here are some quick tips that might help you in spite of the revenge syndrome on the market:

The first action when loss: let go and persevere where we lack. Be patient when loss is the same as calm when profit. Wait for the best opportunity to re-enter the market. We should have lost the first trade so that the next trading will be more careful not to become revenge. If your loss is large enough, it is wise to stop trading for a moment until you are completely healed mentally and can trade again with a cool head. Think about it: Didn't you start from the beginning We distributed this forex fund as risk capital? It means that if it's really gone, we're ready. and sustainable on the provisions we take.


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#1 - August 16, 2019, 01:40:46 AM

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