There is no way to take revenge
Sep 10, 2021 at 05:50
Gavirus posted:Exactly!
Well, actually I believe that there is noone who really wants to revenge on the market, it is just a term which describes the desire of a trader to get his money back after a failure.
This is something which traders should try to control as revenge trading is not beneficial in the longer run.
Member Since Jun 14, 2021
53 posts
Sep 10, 2021 at 06:38
@Marcel Durham I am with you on this. I feel that's what separates experienced traders from newbies and most importantly revenge trading has never benefited anyone in the trading market. I think instead of going forward with such a strategy a trader should call it a day and focus on his mistakes he made while making such trades. Such traders should not let their emotions take control over their decisions, rather they should work on their strategies and make a proper plan of action.
Member Since Jun 14, 2021
28 posts
Sep 10, 2021 at 07:25
Series of losses can make the situation too overwhelming for a trader to realise that what he’s doing is revenge or over-trading. That’s why it's always advised to take a break from trading. Only then we can realise our mistakes and work to improve them. I prefer to sit by myself or do anything that can divert my mind from the negative trading emotions.
Sep 10, 2021 at 15:04
MarcellusLux posted:Human emotion works here. When a trader loses in the market, he wants to give up his sense of responsibility and take revenge on the market and bring back the lost money.
So actually revenge for what? Only the trader is to blame for his mistakes and miscalculations.
Member Since May 19, 2020
438 posts
Sep 15, 2021 at 09:31
marindateal posted:
@Marcel Durham I am with you on this. I feel that's what separates experienced traders from newbies and most importantly revenge trading has never benefited anyone in the trading market. I think instead of going forward with such a strategy a trader should call it a day and focus on his mistakes he made while making such trades. Such traders should not let their emotions take control over their decisions, rather they should work on their strategies and make a proper plan of action.
Correctly said. Revenge after losses without analysis is destructive. Correcting mistakes and introspection is just as important as trading system.
@Marcellus8610
Member Since May 19, 2020
438 posts
Sep 15, 2021 at 09:39
AliaDare posted:Yes, the nature of human emotions is sometimes illogical.MarcellusLux posted:Human emotion works here. When a trader loses in the market, he wants to give up his sense of responsibility and take revenge on the market and bring back the lost money.
So actually revenge for what? Only the trader is to blame for his mistakes and miscalculations.
Even in any other situation, no one wants to accept responsibility. This requires fortitude. That is why working with your own consciousness is an integral stage in the development of a professional trader.
@Marcellus8610
Member Since Sep 12, 2017
238 posts
Sep 15, 2021 at 11:18
MarcellusLux posted:could not agree more. one needs to do the detailed study and research in order to come back strongermarindateal posted:
@Marcel Durham I am with you on this. I feel that's what separates experienced traders from newbies and most importantly revenge trading has never benefited anyone in the trading market. I think instead of going forward with such a strategy a trader should call it a day and focus on his mistakes he made while making such trades. Such traders should not let their emotions take control over their decisions, rather they should work on their strategies and make a proper plan of action.
Correctly said. Revenge after losses without analysis is destructive. Correcting mistakes and introspection is just as important as trading system.
Sep 16, 2021 at 00:00
MarcellusLux posted:Of course, I need to work with the way professional traders think or have ideas about their mindset.AliaDare posted:Yes, the nature of human emotions is sometimes illogical.MarcellusLux posted:Human emotion works here. When a trader loses in the market, he wants to give up his sense of responsibility and take revenge on the market and bring back the lost money.
So actually revenge for what? Only the trader is to blame for his mistakes and miscalculations.
Even in any other situation, no one wants to accept responsibility. This requires fortitude. That is why working with your own consciousness is an integral stage in the development of a professional trader.
Member Since Jul 20, 2020
399 posts
Sep 17, 2021 at 06:55
UweMoench posted:
There is no way to take revenge on market. Forex market is not so easy to understand but one can easily adapted to the market by applying good skill and knowledge. If the traders want to take revenge over market, they surely face problem and it is not feature of a good trader.
Very true and the market does not care about you or me or anyone you are taking revenge on an objective thing. When you take a revenge trade-you make it personal-emotions come into play-loss of objectivity
Member Since Jun 09, 2021
44 posts
Sep 17, 2021 at 07:32
Revenge trading is the worst thing a trader can do to himself. Trying to overcome the losses through aggressive trading can only lead to further losses.
Member Since Jun 14, 2021
53 posts
Sep 20, 2021 at 10:08
@MarcelDurham I feel there shouldn't be an urge to compete with the market . Traders need to understand that there can not always be a win-win situation for them. Once they hit the bottom it's better to take a break and not make the matter worse.
Member Since Jun 14, 2021
53 posts
Sep 20, 2021 at 10:15
@lovefortrading without a doubt. A thorough due diligence is very necessary to have a successful run in the market .It's the very basic need that traders need to understand.
Member Since May 19, 2020
438 posts
Sep 21, 2021 at 11:00
marindateal posted:
@MarcelDurham I feel there shouldn't be an urge to compete with the market . Traders need to understand that there can not always be a win-win situation for them. Once they hit the bottom it's better to take a break and not make the matter worse.
This is also a global problem to recognize a situation in which further actions will only harm. The main thing is to work with risks and their correct accounting in the trading system. Responsibility for losses comes when they are closed. Everyone knows this, and it is a strong negative emotional control.
@Marcellus8610
Sep 21, 2021 at 20:44
Taking revenge is all about emotions which do lots of hrm to the decision making process. Actually, there is no way to take revenge from the market. It will swallow you and leave you without any money in your pocket. So, if you have losses, it is not the market which is to blame, but you. Learn a lesson out of your failures in order to be better.
Member Since Mar 16, 2021
477 posts
Oct 05, 2021 at 01:25
Tegra posted:Of course, in order to trade we need to let go of negative emotions. It is never possible to take revenge on the market.
Taking revenge is all about emotions which do lots of hrm to the decision making process. Actually, there is no way to take revenge from the market. It will swallow you and leave you without any money in your pocket. So, if you have losses, it is not the market which is to blame, but you. Learn a lesson out of your failures in order to be better.
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