Revenge After Loss and Overconfidence After Profit - Page 2
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Thread: Revenge After Loss and Overconfidence After Profit

  1. #1
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    Revenge After Loss and Overconfidence After Profit

    I know many traders fail because a fatal error. after learning trading strategy and money management , there is a very important thing to be learned controls emotions. controlling emotions is part of trading psychology, and can be learned only in a real account.
    many traders successful in the demo account, but failed in the real account, this is a serious problem. traders is not enough just to learn in a demo account.
    now I have a problem in real account, if I got the loss, then I would open position using a large lot size, I want to get a big profit, but what happened? I've got a big loss because my revenge. if I get a profit, then I open position again and again, and endless profits are down, even got a loss.
    traders should always keep emotions in order to always have a stable emotions, discipline on the rule of trading systems and money management

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  2. #11
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    Quote Originally Posted by Khimi234 View Post
    Loosing money is very common thing in forex but most of all new trader's take it very seriously and try to take big lot size to convert their losses into profits but I think this strategy will never work in forex. The best thing will be to don't focus much on recovering your losses because it will give you a lot of pain try to use proper trading plan and stick to your trading strategy every time
    we know revenge and using large lot size is very dangerous trading. but revenge will come every traders got loss. it's like an automatic and out of consciousness. if a profit, traders will be greedy too. I frequently encounter this situation, and I think it is very difficult to get a solution. Now I try to use daily profit target, and the daily loss limit, how do you think about this?

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  3. #12
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    When a trader gets a loss he rather starts trading under the influence of emotions or with an agressive mind. But these emotions are not good and such trading is bad because you are then trading with your feelings and not with your reason and trading plan. I think traders should hold their emotions and try to be patient.

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  4. #13
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    Quote Originally Posted by ANANDCHENNAI View Post
    When a trader gets a loss he rather starts trading under the influence of emotions or with an agressive mind. But these emotions are not good and such trading is bad because you are then trading with your feelings and not with your reason and trading plan. I think traders should hold their emotions and try to be patient.
    This is a matter of emotion, you know it is very difficult to control emotions. I think many traders fail because they can not control your emotions. because if you have a bad emotion, you will not be able to discipline the rule trading system, money management. only traders who have the discipline to be a profit. so you have to control your emotions, in order to discipline the rule trading system, and can generate profit

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  5. #14
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    It is very serious if the trader do things rightly. You can revenge about trading, that is if you do it rightly. If you have a principle of trading and uses that strict principle to revenge, it is good. Bur how may trader can do that? This is why revenge is a think of emotion that traders should try to ignore if they are doing trading.

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  6. #15
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    We have to always stick with our trading strategy if you have a trading system which giving you good profit in average then you have to always stick with your trading system no matter how much time you are loosing money in but in last your system will surely give you profit in average so there is no need to take revenge after any kind of loss

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  7. #16
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    There is tendency to take revenge after loss in trading so it is important to limit maximum loss in every day so we won't chase on profit to recover previous loss. Taking revenge usually made us to suffer more losses than recover the losses and get profits. It is important to be ready with any condition which has happened in the market. Causing loss, it can make us to revenge and causing profit can make us become overconfidence which can cause big losses too in the next transaction.

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  8. #17
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    Taking revenge is not good at all its make us more emotional and frustrated in forex. The best thing is to use proper risk management in forex and we should always stick to our trading plan and trading strategy too. If we have a good trading strategy then in average we will surely make good profit from this business

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  9. #18
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    do not frustrated, controlling decision really matters after you get successive loss. well in this case what i want to suggest is that you need to learn from you mistakes and find out the reason behind it. there might be certain reason for being in loss after loss. it may be due to the pressure as you have worked continuously since long time. so you can have some rest and set your mind free for some time.

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  10. #19
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    There are always a reason behind our losses nobody making use looser her and nobody grabbing our all money. You know there are many trader's in forex who making very good amount of money every month from here. First of all we have to avoid our greed in forex. And try to make slow profit

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  11. #20
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    take revenge after loss is not a good idea and just increase the problems, it is the mirror if the traders are under the emotion and they will not do trading with clear mind,
    make sure that we accept everything with gracefully, no burden, it will help them to take trading with clearly

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