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The danger of Revenge in Forex Trading

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Dyandra

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I believe that people who continually trade with revenge are the type of people who cannot be sincere with what they get because that person will definitely think. How can they make a profit even though they have to sacrifice their own capital and this is not part of trading, you should be able to think logically because when you have to desperately try to make a profit in the wrong way and you deliberately lose your own capital it will get worse and of course you will MC and of course you will also have to make another deposit. When you run out of mode, in my opinion, don't let this happen to you. If you do experience a loss, make sure the loss is no more than 20 or 30%. It's best when it gets to that point. You stop. You focus on your method for evaluating because that's more important. rather than taking revenge, which in my opinion makes us more devastated.
#571 - November 01, 2023, 09:47:30 AM

Vernalta

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In my opinion, when you are trading and you experience a failure, you should be able to eliminate the feeling of wanting revenge. Why is that because most of the people who always pay revenge when they lose, actually lose their money because they can't control themselves, therefore we have to focus on our own capital. If we fail, we stop for a moment and think about what we can do. we do this evaluation. Maybe there is something wrong with our management, maybe there is something wrong with our analysis, maybe there is something wrong with our stop loss placement, we have to find out so that later we can get big profits.
#572 - November 02, 2023, 11:14:11 AM

Ikhtiar

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Of course revenge is dangerous in trading, therefore to avoid feelings of revenge in trading you must be able to accept losses, think about your account which will run out if you take revenge, don't get emotional when you lose and open a position with a large lot just because you want to. return capital quickly.
#573 - November 02, 2023, 11:25:02 AM

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#574 - Today at 02:08:11 PM

aizafx

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Revenge is bad emotion, usually trader open order because desired to recover loss at short time, and sometimes make reckless using higher risk, increasing lot size to pursue big profit at short time, and this way is only messed up all trading plan.
#574 - November 02, 2023, 10:13:23 PM

Vernalta

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The condition of revenge is the wrong condition because when you take revenge all you think about is how to get profits quickly, not how to be consistent, therefore it is highly recommended that if you really want to survive in forex trading for a long time then stay away from the condition of revenge. Even though you are currently failing, it doesn't mean you have to take revenge. There is still a lot of time you can use to make improvements, but it doesn't have to be a momentary revenge.
#575 - November 04, 2023, 07:47:55 AM

Dyandra

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I think it is true that it is very dangerous when we take revenge in the wrong way when we are trading forex and we lose or we are MC so we should not take revenge. You have to be able to manage your psychology first. You have to be able to manage your patience first. Use the time available to make improvements. Use the time available to evaluate so that later you won't have any more failures and you won't have to take revenge.
#576 - November 05, 2023, 07:54:30 AM

Vernalta

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Revenge is indeed dangerous and has no positive effect at all. Especially when you are still a beginner because when you often take revenge just to get a small profit, I think it is irrelevant because when it is difficult for you to get a profit, you have to be more enthusiastic about learning, that's the only way instead of spending money by taking revenge. revenge I don't think it's a good solution in this case because it's a risky business
#577 - November 06, 2023, 08:25:43 AM

Ikhtiar

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Not complying with MM and liking revenge in trading means you will be open to all risks, including the risk of large losses.
#578 - November 06, 2023, 08:52:54 AM

Dyandra

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Revenge will certainly be very dangerous if you continue because when you have large enough capital the opportunity for revenge will usually be wide open and this is a bad psychology because when you lose and your capital is still there you should not do it. things like that you have to really look after your remaining capital so you can trade again and you have to be able to stop trading first you practice you train again using a demo account then you see how your method can develop well
#579 - November 07, 2023, 08:30:27 AM

Vernalta

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It's best that when you fail you have to learn how so that you don't always take revenge when you fail or are losing. In my opinion, in trading we definitely won't be able to make a profit and we will definitely get a loss and you have to be able to take advantage of this. to carry out an evaluation method not by revenge. When you take revenge then everything will just be destroyed. You will not be able to achieve your goals.
#580 - November 08, 2023, 08:15:39 AM

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#581 - Today at 02:08:11 PM

Ikhtiar

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Traders who like revenge are usually characterized by excessive self-confidence which makes them reckless in trading forex with excessive lots and this is not good for their psychology.
#581 - November 08, 2023, 08:42:47 AM

Vernalta

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It's true that there is no positive side to revenge, the more you take revenge, the more often you do it in a negative way, the more often your money is lost, that's why we are taught to regulate our psychology, we are taught to regulate our emotions so that when we encounter a failure, we We won't do things like that, in fact we have to be able to stop, we have to be able to save our capital, we have to be able to evaluate each of our mistakes well so that when we carry out trading activities again tomorrow, we get a profit, not revenge.
#582 - November 09, 2023, 08:22:26 AM

Ikhtiar

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Sometimes we experience sadness when we lose, but that doesn't mean revenge is the solution because that will certainly have bad consequences, it's better if we take a break first when we lose.
#583 - November 09, 2023, 09:32:34 PM

Dyandra

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I really avoid taking revenge when I previously lost, even though it will make you MC because in my opinion, when you already have a mindset like that, then it will be very dangerous for you and of course your deposit, no matter how big, will use up your capital. whatever will run out, therefore, don't try to take any kind of revenge when you trade foreign exchange. It's better to be sincere when you fail. It's better to accept. When you fail, we will lose now, but later we will try our best to can return our lost capital in a good way.
#584 - November 10, 2023, 08:26:44 AM

Ikhtiar

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Trading does not mean that trading must be completely profitable, but you must remain calm and not take revenge because of course at some point a loss will occur.
#585 - November 10, 2023, 08:58:27 PM
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