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Forex Revenge trading

Discussion in 'Forex Forum' started by Diego San, Jul 5, 2020.

  1. Diego San

    Diego San Member

    Joined:
    Dec 10, 2019
    Likes:
    2
    Location:
    US
    Revenge is a dangerous sentiment that hinders successful trading. Revenge trading typically occurs when traders try to trade more aggressively, especially after experiencing losses. The primary intent of a revenge trade is to try to recoup the loss, which is often more than you originally intended. If you do revenge trading, you are gambling instead of trading. You will trade quickly without planning and comprehensive analysis.
     
    Punkcity likes this.
  2. Punkcity

    Punkcity Well-Known Member

    Joined:
    Mar 31, 2020
    Likes:
    1,288
    Occupation:
    CEO, manager of sublease my account name.inc
    Location:
    Troll tag team one accounts head , Skipptophia.
    Sounds like a martingale player to me.
     
  3. Lavinia Schiavone

    Lavinia Schiavone New Member

    Joined:
    Jul 20, 2020
    Likes:
    0
    Location:
    Dhaka
    Revenge is absolutely not good for a trader. If you want to start trade in the forex market you should control your anger. Anger is a big enemy for traders. Never take revenge from someone in the forex market. I always try to avoid anger while trading. My broker [removed, pay to advertise] is a very reliable broker. They never make disappointment to their client. They take no additional charges while withdrawing money. They are really very helpful and supportive.
     
  4. Punkcity

    Punkcity Well-Known Member

    Joined:
    Mar 31, 2020
    Likes:
    1,288
    Occupation:
    CEO, manager of sublease my account name.inc
    Location:
    Troll tag team one accounts head , Skipptophia.
    Almost could be a great topic to discuss but it gets ruined because its just a infomercial on the interverse, the revenge or anger trade or revenge table player is a very real thing and sadly the market makers AND casinos really just churn through thousands of punters worldwide on an hourly basis. I have yet to see a casino staff member stop someone from revenge betting at a table, I have listened to them talk after the player has lost all their chips and left , they could see that person was on tilt but let him play. I do understand they are employed to make money for the casino and shareholders ( as I am a shareholder also etc ) but it would have taken but a moment to interrupt the game for a few minutes to allow the person to calm down.
    In fairness my trading platform for cfds also comes with a warning re loss of money etc but that really didnt stop a famous person here in skippy town from blowing out during the last financial crises ten or so years ago.
    Still as I say a good topic and worthy of a thread and am surprised no one has responded with any posts .
    Cheers
     
    Bago likes this.
  5. Teresa Garfield

    Teresa Garfield New Member

    Joined:
    Aug 3, 2020
    Likes:
    0
    Location:
    CANADA
    All trader come to the market to make profit from it. However, trade often lose money in the trading. Some trader cannot handle the lose very well. They often eager to recover the loses and make revenge trader without following proper trading plan. In the end, they lose everything. Trader should accept the loss and move on. Investing small also help to control trader’s emotion. So, I recommend new trader start with small capital like [removed, pay to advertise] offer $50 account.
     
  6. Mark Ford

    Mark Ford New Member

    Joined:
    Dec 3, 2019
    Likes:
    0
    Location:
    USA
    For successful forex trading it is very much important to make the profit consistently and reducing the loss as much as possible. Making profit is the main motto of every trader. As a trader, I am trading with [removed, pay to advertise]. I choose them because they help me to do successful forex trading. By giving low spreads, high leverage, 24X5 customer support and easy trading methods, they help me to make profit consistently.
     
  7. Coffee22

    Coffee22 New Member

    Joined:
    Mar 9, 2022
    Likes:
    0
    Location:
    NewYork
    You know, sometimes you can't help but do this in the market. There is this mindset that you just want to recover you lost funds at all cost, and this is where you lose more.
     


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