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The danger of Revenge in Forex Trading in General Forex Discussion_67f83ac065b44

The danger of Revenge in Forex Trading

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Dyandra

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The more you take revenge, the more difficult it is for you and you can't convince yourself that actually you can do better when you fail, that's why it's important to use a mindset so that you don't keep doing things like that. I'll give you an example. When you fail, it's better.  You stop and analyze first or maybe you take a break and continue tomorrow, but if you fail and immediately take revenge by using lots of lots or open positions, it doesn't guarantee that you will return your investment, maybe you will MC.
#616 - December 08, 2023, 07:32:09 AM

Vernalta

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there are many people with various types of psychology, one of which is revenge because when that person has the psychology of wanting to take revenge, when they lose, it means that indirectly they lose emotionally and lose mentally because when you take revenge, when you lose, that means  You are wasting your time and wasting your own money which you could have used the next day after you have done an evaluation or at least you have calmed yourself down so don't imitate thoughts like this because this is an example of the wrong way to get your money back.
#617 - December 10, 2023, 08:26:03 AM

Ikhtiar

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in the forex business, we must not take revenge and must be able to maintain good money management, be disciplined and always be patient, because we can have success if we are able to control this business well because so far many traders are not aware of this, they trade without taking money management into account and not being able to control his emotions.
#618 - December 11, 2023, 12:37:00 AM

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#619 - Today at 02:08:11 PM

Dyandra

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when you take revenge, it will definitely be very dangerous for you, so when you want to make a profit, when you fail, you should be able to learn to be sincere because with that sincerity, you will definitely find a way to manage your money better without having to retaliate.  revenge because when you take revenge the profits are non-existent and you will run out of money for nothing
#619 - December 11, 2023, 08:14:24 AM

Vernalta

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Of course, revenge will make us all unable to think clearly. When someone decides to take revenge, that person will find it difficult to carry out a good trading system. That person will only be emotional and will not want to know about management, techniques, psychology, all he knows is how to do it.  so that we can get our capital back after losing and that is the wrong thought, so when we trade and we lose, we should take a break and stop. That way we can let go of the emotions that make us think we want revenge.
#620 - December 12, 2023, 08:02:01 AM

Dyandra

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There is always a danger called revenge, when we want to take revenge because we didn't get a profit or maybe because we previously MCed, that is a mistake. Revenge is a technique that in my opinion is not appropriate to use in any business. Revenge will actually destroy  ourselves in a big way because when we cannot control our emotions to take revenge, we will do something negative and that will actually harm us, therefore it is important to train our patience. Don't let us be provoked by emotions to take revenge.
#621 - December 14, 2023, 08:25:41 AM

Ikhtiar

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So to be successful in trading, proceed fairly and don't trade with revenge. Follow all the steps and the results will follow. When you want revenge in forex trading, you will no longer use good money management in forex trading.
#622 - December 14, 2023, 08:33:33 AM

Dyandra

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Using revenge is indeed one of the wrong things when you take revenge. It actually makes it more difficult for you to trade in a pleasant way. When you lose, you should be able to focus on the next plan without having to take revenge. In my opinion, that's better.  So that later you can trade in a perfect way without having to get emotional without having to do the wrong thing.
#623 - December 17, 2023, 07:36:19 AM

Vernalta

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We often feel irritated when we open a position but we always fail or end up losing and we often can't control our emotions and want to take revenge but the problem is when you do that what happens is you will lose all your money by  wrong and it will make you stressed.  So in my opinion, in this case, controlling emotions and using psychology is important so that every time we lose or every time we make a mistake that ends in a loss, we will not do the wrong thing, such as taking revenge, that's why when we want to become a professional, it's important to regulate psychology so that  we don't do anything strange.
#624 - December 22, 2023, 09:53:45 AM

Dyandra

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Something that is very dangerous here is when you take revenge because when you take revenge in the wrong way you automatically won't be able to get good profits, therefore it is very important not to take revenge, not to do something that will make you lose your money.  you failed. You have to be able to control your anger so that you don't do negative things like that. You have to remember that you still have a long time. So you have to be able to focus on the future.
#625 - December 26, 2023, 08:00:28 AM

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#626 - Today at 02:08:11 PM

Vernalta

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It's best if you get rid of the condition of revenge in your mind when you take revenge when you lose, then it's a wrong action and it will actually increase your burden or maybe even make you lose your money, that's why when you trade forex.  When you fail or your position is hit or your stop loss must be able to let go of your emotions so that at least you can protect your remaining capital to be used again later. When you are emotional and then you take revenge you will do the wrong thing.
#626 - December 29, 2023, 10:01:11 AM

Dyandra

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Taking revenge is something that is not allowed because when you lose, my advice is that you first stop trading in any case, be it open positions or analysis, close your gadget first and rest, it's better than getting emotional.  If you do negative things, such as opening lots of positions, it will actually make you confused, so you really have to be able to save your money even though you are losing because good deeds will never produce good results.
#627 - January 10, 2024, 08:25:59 AM

Vernalta

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Don't get into the habit of taking revenge when you lose by opening a lot of positions or using large lots that are not in accordance with management or not in accordance with your capital.  If you get used to it like that, then at any time you will not be able to make a profit and will not be able to develop your capital. You must avoid habits like this and throw them away so that you become a trader who prioritizes developing capital rather than just getting a profit.  tall.  Because this is a long-term business, there is no need to rush to get high profits.
#628 - January 13, 2024, 09:42:36 AM

Dyandra

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When you start taking revenge then that's when you have actually lost. You have lost psychologically or emotionally. Because after all, when you want something and you take revenge then it is something that is wrong. My advice. If you do lose, then you should be patient and stop.  to do some practice first so you know what your mistakes were, so later when you trade again you will easily make a profit
#629 - February 12, 2024, 10:06:40 AM

Ikhtiar

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All market players have different ways of taking revenge depending on the conditions and instruments they choose, but the most dangerous revenge is in forex trading because there is large leverage there.
#630 - February 13, 2024, 11:55:01 PM
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