revenge trading

[OscarR]

What do you do when a trade hits its stop loss?
Do you revenge trade or take a step back and review?

 

[Imogen Beaumont]

Mostly a step back and review.Revenge trading usually just leads to more losses, so it's better to learn and move on.

 

[Polakandil]

Revenge often only leads to subsequent losses, after hitting the stop loss it is better to wait for another momentum. As a human, sometimes I do that, after hitting the stop loss and then trying switching, but often the order gets tangled up in volatility and this disturbs the mind and becomes even more emotional. It would be better to avoid taking revenge against the market because it only often results in subsequent losses

 

[OscarR]

Revenge often only leads to subsequent losses, after hitting the stop loss it is better to wait for another momentum. As a human, sometimes I do that, after hitting the stop loss and then trying switching, but often the order gets tangled up in volatility and this disturbs the mind and becomes even more emotional. It would be better to avoid taking revenge against the market because it only often results in subsequent losses

It's crucial to stay disciplined, follow your strategy, and wait for the right opportunities rather than trying to "get back" at the market.

 

[OscarR]

Revenge often only leads to subsequent losses, after hitting the stop loss it is better to wait for another momentum. As a human, sometimes I do that, after hitting the stop loss and then trying switching, but often the order gets tangled up in volatility and this disturbs the mind and becomes even more emotional. It would be better to avoid taking revenge against the market because it only often results in subsequent losses

You've highlighted an important truth in trading. Revenge trading can be a costly mistake, as it often leads to more losses and increased emotional stress. It's wiser to maintain discipline, wait for favorable opportunities, and avoid reacting impulsively to setbacks.

 

[LeoFx]

Revenge trading never brings fate for a trader and so traders have to search for opportunities by making the best use of which a trader can gain massively. FXOpulence provides high security of funding by using regulated banks' accounts and they allow you with mt5 trading platform.

 

[benji177]

If you cannot control your emotions, they will kill your rationale. To behave impulsively is a curse in this business, and those who practice stoicism will never have to take losses caused by such emotions.

 

[OscarR]

If you cannot control your emotions, they will kill your rationale. To behave impulsively is a curse in this business, and those who practice stoicism will never have to take losses caused by such emotions.

How do traders maintain stoicism and keep emotions in check to avoid impulsive decisions

 

[OscarR]

Revenge trading never brings fate for a trader and so traders have to search for opportunities by making the best use of which a trader can gain massively. FXOpulence provides high security of funding by using regulated banks' accounts and they allow you with mt5 trading platform.

How can traders avoid the pitfalls of revenge trading and instead focus on finding lucrative opportunities?

 

[VasilTodorov]

First reaction is defintely getting upset and angry and it is same for everyone
but after that i think you can be happy since there is a new trade that you can analyze and cover one of your weak points
nothing will happen with all winning trades but the ones you lose can be lessons

 

[benji177]

How do traders maintain stoicism and keep emotions in check to avoid impulsive decisions

It is not something you should maintain if you read about it. If you practice it in serious moments where it counts, it will eventually just get built into your system, and you won't have to dig to find it.

 

[OscarR]

First reaction is defintely getting upset and angry and it is same for everyone
but after that i think you can be happy since there is a new trade that you can analyze and cover one of your weak points
nothing will happen with all winning trades but the ones you lose can be lessons

Reframing losses as lessons not only helps improve strategies but also builds a stronger, more resilient trading mindset

 

[Lee.me]

I understand that trading involves both wins and losses, and the key to long-term success is maintaining a disciplined approach. Instead of giving in to the urge for revenge trading, which is often driven by emotion and can lead to rash decisions, I analyze what went wrong.

 

[Fin_Trader]

If a trader has a stop loss, it is imperative to study this situation and understand its reason, and not take revenge on the market and lose even more money. After all, by working on the mistakes of our trading strategy, we gradually improve it so that such cases do not repeat in the future. This is the only way to reach a higher and more profitable level of Forex trading.