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The danger of Revenge in Forex Trading in General Forex Discussion_6825f0acc9f09

The danger of Revenge in Forex Trading

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Vernalta

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Many of us deliberately take revenge in order to get the defeat we have experienced ourselves. In my opinion, people who always take a lot of revenge are the type of people who can't work well. People who always take revenge are people who are afraid of not being able to get a profit. and not being confident in your own knowledge, in my opinion, if you fail then you have to be able to improve your system first properly.
#586 - November 12, 2023, 08:06:36 AM

Dyandra

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All revenge will definitely be very dangerous because when you take revenge when you are brave or have little money. In my opinion, that is something that is wrong. If you lose, you should be able to regulate your emotions. You must be able to regulate your psychology first. that way you will be calm and you will stop for a moment to evaluate, that way you can avoid what is called revenge and you can still protect the remaining capital you have previously lost. In my opinion, that is better.
#587 - November 13, 2023, 08:20:28 AM

Vernalta

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Revenge is indeed dangerous, especially when you use a large amount of capital using a lot of open positions and you use a very large lot for your revenge. In my opinion, this is a characteristic of a frustrated person, where this person may always fail. In my opinion, you have to be able to To be wise in seeing situations like this, you must be able to save your existing capital. You must be able to secure your capital that has not yet been lost, so that later you can continue trading with new techniques, but when you take revenge and your money runs out, it will actually stress you out.
#588 - November 14, 2023, 08:01:28 AM

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#589 - Today at 05:36:17 PM

Dyandra

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Of course, revenge is very dangerous because when you take revenge, you will always be filled with worry and you will always make mistakes, therefore, when you fail, you have to be sincere. You have to be able to save your capital first with what is left. You can. By learning to trade using a demo account, don't let yourself continue to take revenge so that later you won't be able to focus on trading well and that will make you fail even more.
#589 - November 15, 2023, 08:19:13 AM

Vernalta

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Don't hope that when you take revenge you can return something that has been lost. In my opinion, when you take revenge it won't be able to make you return everything you have lost because when you take revenge you definitely use emotions to trade, don't use a trading system. at all and in my opinion it indicates that you are still a beginner, professional people will not dare to do something like that, they prefer to stop and save their capital to be used another day, you should also be like that
#590 - November 16, 2023, 08:47:37 AM

Dyandra

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people whose lives always like to take revenge then I am sure that person will not be able to calm down to carry out any activity related to finance or business because they cannot be sincere in eliminating all the emotions that are in their own mind because when we make a mistake our only task is to to improve, not for revenge. Because after all, the remaining money we have is a result that we have to develop again. We have to be able to accept a defeat. We have to be able to continue trading well so that later we get what we want.
#591 - November 18, 2023, 08:52:10 AM

Vernalta

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Revenge is so dangerous that it can make people stressed because of their own mistakes. In my opinion, failure is normal. Losing is normal when you trade forex and you MC or hit a stop loss. In my opinion, don't use it as an excuse or excuse to be able to take revenge. When you experience a situation like that, you have to be able to learn from it. Take the positive side. At least you can evaluate what you have done. In my opinion, it's better when you take revenge. Your revenge may not do anything positive, in fact you will lose more money and you will regret it even more in the end.
#592 - November 19, 2023, 08:35:18 AM

Ikhtiar

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Revenge often does not realistically solve problems in forex. On the contrary, it only adds to the problem and often makes the situation even more complicated, it could even mean that our capital will be even less when you force yourself to take revenge on the forex market.
#593 - November 20, 2023, 12:37:34 AM

Dyandra

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I feel that people who always take revenge or people who when they lose always use negative methods that actually destroy their money, making their account MC are the type of people who can't accept the fact that when you have lost, you have to be able to accept that. You have to be sincere instead of spending all your money just to make a profit. When you fail, for example like this, you use capital of 1000 dollars and then you fail and are hit by a stop loss of up to 200 dollars or 300 dollars. You must not take revenge. You must be able to save the 700 dollars. use it another day while you evaluate again. You have to be able to act like that. You have to be able to look after your money. You have to be able to really save the rest of your capital so that you don't spend it all because of your emotions.
#594 - November 20, 2023, 08:07:00 AM

Vernalta

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The more you have the desire for revenge. Believe me, all your goals will never be achieved just like that, the desire for revenge is a bad desire because when you want revenge it is the same as wanting to deliberately spend your money because after all, when you fail you should not carry out activities that are beyond the limits such as taking revenge by doing so many open positions and hand attacks, in my opinion, people who lose are normal, but people who want revenge are extraordinary people who are wrong, therefore, when you fail, you have to have good intentions to evaluate, to be patient, to test yourself to Having a good mentality means that the longer you are able to master the trading system well, the more consistent you will be
#595 - November 22, 2023, 09:03:29 AM

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#596 - Today at 05:36:17 PM

aizafx

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Revenge can be a torch that can burn itself because trading decisions during revenge usually traders only rely on their desire to immediately recover from previous losses, while the forex market is very dynamic and not easy to predict, even though at the beginning you are sure the price will rise, but if in fact, the price goes down, then you can't blame the market.
#596 - November 22, 2023, 09:35:33 PM

Ikhtiar

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It's best not to take revenge in trading because success cannot be achieved without a process and it also takes a long time. what we do today will determine what we produce in the future. revenge can form a pattern of detrimental behavior. This can become a dangerous cycle where negative emotions lead to bad decisions, which then trigger further negative emotions.
#597 - November 23, 2023, 12:03:57 AM

Vernalta

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When you decide to take revenge then that is your biggest mistake as a trader because when you decide to do that then there is no side. It's positive at all and it will actually make you lose a lot of money. In my opinion, failure is something that is certain but we have to be able to do it. Trying to minimize your revenge will actually cost you money. the more it disappears and later you will be even more disappointed, so don't do something like that.
#598 - November 23, 2023, 07:54:20 AM

Dyandra

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I believe that when a person likes to take revenge, that person will not get good results, will not get consistent results, in fact, that person always suffers losses, gets bad luck because we cannot do things that are outside the limits of the market, we cannot fight conditions.  What we have to do in the market is follow the flow of where the price is going, therefore to analyze we have to follow the trend because the habit of people who fail is to go against the direction and not based on what is happening in the market in analyzing and in the end they take revenge by using lots.  the big ones use a lot of open positions
#599 - November 25, 2023, 08:21:45 AM

Ikhtiar

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Revenge provides the potential for quite high returns if successful, but if it fails then the potential for loss is also very large in trading. So if that's the case, we can be more careful in wanting revenge. For example, in the forex business, we have to know what Forex is, how to run it and what the risks are, don't just want revenge when you make a big loss.
#600 - November 25, 2023, 08:46:59 AM
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