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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
« Last Edit: May 19, 2021, 01:37:57 AM by Admin »

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The most common revenge is when we are MC or loss which almost makes us MC, but of course all traders even professionals must have lost but on a different scale for that discipline is very important here, MM problem
#2 - May 18, 2021, 07:31:23 PM

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The danger of Revenge in Forex Trading in General Forex Discussion_xx
revenge is negative emotions and if in this forex is the same as greedy, if we leave it alone then we will be shackled to endless losses
#3 - May 19, 2021, 09:50:03 AM

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The danger of Revenge in Forex Trading in General Forex Discussion_xx
If we are controlled by revenge in our trading then it will be very dangerous, because it can make us act outside the control which will make us suffer a big loss in the end
#4 - May 20, 2021, 02:26:57 PM

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If we are trading, it has been controlled by revenge, it will have a negative impact on our trading, we will be controlled by negative emotions that will make us experience increasing losses
#5 - May 21, 2021, 08:53:01 AM

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Revenge in trading will usually only make the losses that we experience getting bigger and more uncontrollable, therefore we should be our emotions we first rest for a moment calm the mind
#6 - May 26, 2021, 12:43:08 PM

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When the lust has taken hold in the self, it is indeed difficult to be able to neutralize the situation, usually the ambition will peak and desire can no longer be stopped. when trading does not apply the correct rules and according to our trading system or rules, things like this will be very difficult for us to avoid because from the start we have made a wrong step so it is important for us to have both mental and capital technical readiness so that it does not happen like on top of revenge trading will do nothing but add to our suffering.
#7 - May 27, 2021, 01:24:17 AM

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don't let us let ourselves get caught up in revenge, because this is a negative emotion, if we let ourselves get caught up in revenge in the market then we will be affected sooner or later, that is, our losses will be huge
#8 - May 28, 2021, 03:42:39 AM

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if he said when we trade we are controlled by anger and revenge should immediately leave the market and clear the mind
#9 - May 31, 2021, 07:09:21 AM

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revenge is very dangerous for our trading accounts, because if we obey this we can destroy our trading accounts with huge losses
#10 - June 01, 2021, 11:02:49 AM

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be careful with revenge, because we can be read and the results can get very large losses, therefore in trading we must be patient and accept every condition
#11 - June 02, 2021, 02:10:01 PM

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Revenge is bad emotion trader, their decision only based on anger without logical thinking to moves, revenge can lead them trading higher risk trading with expect to make a quick recovery, but the market is dynamic, take higher risk will blow account rather than make a profit, should remember if forex trading is not relying upon lucky alone. if still in learning stage as novice trader, try micro account FXOpen uses cent account 
#12 - June 02, 2021, 10:41:05 PM

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if we feel an emotion arises for revenge when we are trading then as soon as possible we have to get out of the market
#13 - June 06, 2021, 12:40:49 AM

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therefore the importance we do trading planning well, so that no revenge appears when trading
#14 - June 06, 2021, 10:42:51 AM

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