Forex Zone - Forex Forum
  1. Forex Zone - Forex Forum
  2. General Category
  3. General Forex Discussion
  4. The danger of Revenge in Forex Trading

The danger of Revenge in Forex Trading in General Forex Discussion_680fd8af1a8ca

The danger of Revenge in Forex Trading

Discussion started on General Forex Discussion

Print
Pages: 1 ... 39 40 [41] 42 43 ... 55   Go Down

Dyandra

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
Don't get into the habit of taking revenge when you haven't produced something that meets your expectations because when you continue to carry out activities like this it will actually destroy you, make you unable to develop your capital in a good way and it will actually make you lose even more.  a lot of money and you will be stressed. It's better for this problem of defeat that you must be able to stop first and do a good evaluation so that you don't waste your money in vain just for revenge.
#601 - November 26, 2023, 08:03:52 AM

Vernalta

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
Revenge can be said to be very dangerous for us to do because when you start something with bad intentions, it brings something in the wrong way, especially if you take revenge. In my opinion, it will actually make it more difficult for you to make a profit, so that's why it's very important for you.  if you really want to be successful, you want your money to increase, you want everything to be happier and about When you fail you have to be sincere, you have to be able to accept failure with hope and start a new life by evaluating it is about the past, forget about revenge, you still have  You can use the rest of your money well with better learning.
#602 - November 27, 2023, 08:06:22 AM

Ikhtiar

VIP
  • Hero Member
  • Posts: 18895
  • Points: 4416
  • Likes Received: 172
  • Reputation: +3/-0
Revenge is not good for the forex business that we run because every time the market in this trading is always uncertain in direction, sometimes it goes down and sometimes it goes up quickly. Luck will not always come to us so we should not take revenge when trading, use techniques to face the market and study and practice hard so that we can find effective techniques that can generate profits.
#603 - November 27, 2023, 11:11:07 AM

Sponsored

The danger of Revenge in Forex Trading in General Forex Discussion_6803a6c52eb12
#604 - Today at 04:55:22 AM

Vernalta

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
when you take revenge of course it will make you unable to trade well when you fail we will definitely be disappointed I know about that but that doesn't mean we immediately take revenge with the remaining capital in my opinion when you take revenge  your plan has been changed, you no longer use the system, you no longer use a good mindset, but when you take revenge, you only use emotion so that you can return the capital you lost. In my opinion, that is wrong, therefore it is very important to change our psychology when we fail.  we are patient, we stop first not to trade
#604 - November 29, 2023, 07:55:38 AM

Dyandra

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
Get into the habit of not carrying out excessive revenge. Maybe this sounds strange, but indeed I allow revenge provided that everything remains in accordance with the system and remains in accordance with your own management rules. This is usually done by a professional, but when you take revenge like a person.  If you are gambling, it is something wrong, for example when you lose 100 dollars, you can take revenge by using a small lot, but you have to be consistent, maybe you can do scalping, or maybe you can do martingale, it's up to you, the important thing is to stay within the corridor of good management, but all  It's up to you, if you can't, you should stop first, you don't have to take revenge, you can practice more. I think that's better.
#605 - December 01, 2023, 08:32:02 AM

Ikhtiar

VIP
  • Hero Member
  • Posts: 18895
  • Points: 4416
  • Likes Received: 172
  • Reputation: +3/-0
When we take revenge in forex trading, we are basically destroying our trading account, this will cause us to trade with unhealthy logic and it could be that the trading plan we have made is useless.
#606 - December 01, 2023, 12:54:32 PM

Vernalta

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
deciding to take revenge is a wrong behavior that we have to throw away in our minds and in our intentions because when you continue to want to take revenge, then you won't be able to be consistent until whenever you will experience ups and downs.  to earn income you will definitely profit but you will also definitely lose. But I am sure that in this case you will definitely mostly lose because when you fail you don't accept it and you always take revenge so Dance is very important not to do things like that and continue  Try to preserve your capital so you can use it the next day
#607 - December 03, 2023, 08:04:49 AM

CullenZbrlng

  • Jr. Member
  • Posts: 60
  • Points: 560
  • Likes Received: 0
  • Reputation: +0/-0
revenge traders are to be feared and avoided. They are traders who fail to admit when their trades are going towards a loss or who refuse to accept that they?re losing and missing their daily goals
#608 - December 04, 2023, 02:38:11 AM

Vernalta

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
What is certain is that revenge is a wrong condition where when someone decides to take revenge then that person no longer cares about the SOP that they carried out previously because usually the person taking revenge uses something emotional in their terms because maybe they always fail or maybe  every day they never make a profit, yes I understand but it is not justified when you do that it will be wiser. When you fail two or three times, you should stop to evaluate, in my opinion that is better.
#609 - December 04, 2023, 08:19:19 AM

Ikhtiar

VIP
  • Hero Member
  • Posts: 18895
  • Points: 4416
  • Likes Received: 172
  • Reputation: +3/-0
Avoid revenge in trading because your system cannot be perfect. Any system may have defects and disadvantages. Sometimes even a set of consecutive transactions may lose. That is why it is very important to keep your mind clear and calm during this period.
#610 - December 04, 2023, 12:35:19 PM

Sponsored

The danger of Revenge in Forex Trading in General Forex Discussion_680a43e42599d
#611 - Today at 04:55:22 AM

Dyandra

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
We really can't blame people who want revenge when they want to trade forex, but instead they suffer large and consecutive losses, but when you take revenge, it can't be justified because after all, taking revenge will actually make the situation worse.  Previously, you only lost 10% of your capital, it could become 20 or 30%, even if you lost everything or MC, therefore, in this case, we have to be able to learn about psychological and emotional stability, so that when you fail, you still have to stop accordingly.  with your existing risk management.  Decide and you can start trading again the next day accompanied by an evaluation that can make you change for the better.
#611 - December 05, 2023, 08:24:46 AM

Ikhtiar

VIP
  • Hero Member
  • Posts: 18895
  • Points: 4416
  • Likes Received: 172
  • Reputation: +3/-0
Many traders fail because they want revenge. Even though his money management was correct, because of a wrong analysis, he became frustrated and wanted revenge. Unlike experienced traders and traders who use experience as a teacher in online trading success, they will not want to take revenge in forex trading.
#612 - December 05, 2023, 09:16:38 AM

Vernalta

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
When we lose we will definitely get emotional and often we will appear to want to take revenge. Later you have to remember that when you decide to take revenge then there is no positive effect that you will get there, in fact your money will be lost even though you use it in various ways.  using any technique will not be successful because you use emotion, don't use management, don't use good techniques, so those who are always emotional so taking revenge are not suitable to be called a trader because they are still thinking about how to return their capital. How to return their lost money.  even though there is still plenty of time for them to do that, the important thing is that you have to be able to regulate your psychology and control your emotions so you don't do anything negative first
#613 - December 06, 2023, 08:16:03 AM

Ikhtiar

VIP
  • Hero Member
  • Posts: 18895
  • Points: 4416
  • Likes Received: 172
  • Reputation: +3/-0
When trading, there should be no revenge and we should trade using the same method and not mutually change analysis methods. Later, if that's the case, you'll be even more confused if you often change analysis methods and can't find a suitable analysis technique.
#614 - December 06, 2023, 08:50:32 AM

Vernalta

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
revenge is indeed very dangerous because when you decide to take revenge you will always do strange things, do things that are not in accordance with the system and not in accordance with management, therefore we must be able to control our emotions so that we don't do things like that because  when we trade and when we lose then we take revenge, it's the same as we can't control our own emotions and spend our capital in vain and that's very disappointing, we should be able to maintain our capital according to our goals.  We must be able to try sincerely when we lose
#615 - December 07, 2023, 07:05:41 AM
Print
Pages: 1 ... 39 40 [41] 42 43 ... 55   Go Up
  1. Forex Zone - Forex Forum
  2. General Category
  3. General Forex Discussion
  4. The danger of Revenge in Forex Trading

Members:

0 Members and 1 Guest are viewing this topic.


The danger of Revenge in Forex Trading in General Forex Discussion_collapse Refresh Activity Stream (It's automatically updated) Open Activity Stream in Popup Activity:


The danger of Revenge in Forex Trading in General Forex Discussion_680a8c1401496