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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. #31
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    Quote Originally Posted by ngalapreceh View Post
    I see you have a lot of bonuses communicative, I think you can apply good money management. with sufficient balance, you can avoid revenge, because you can apply money management. do not waste your bonus, you should start Tading, and implement your trading strategy. You are a trader and not the poster. I hope you can begin to get profit from your tradig
    Good money management can prevent big loss because we want to take revenge but still, it is depending on our capability to control emotion. If we are too emotional then we can break the rule of our money management to recover the losses. I think we must keep the balance no matter it is using bonus communicative or using our own deposit money.

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  3. #32
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    Making money in the market is never a hard thing, except for the fact that traders takes it often in a bad approach. In the right mind of trading, revenge is never a good option for the trader. Revenge is never a good means to be successful, but rather a means of doing things in the way that will bring frustration and emotion.

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  4. #33
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    actually it happens usually , and it is a very wrong behavior . for the forex market better not to force it every . but instead we should have political attitude to make the profits of this market . whatever happens we have to make it our friend not our enemy . so we can get any profit we need to make

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  5. #34
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    Quote Originally Posted by andry777 View Post
    Good money management can prevent big loss because we want to take revenge but still, it is depending on our capability to control emotion. If we are too emotional then we can break the rule of our money management to recover the losses. I think we must keep the balance no matter it is using bonus communicative or using our own deposit money.
    yes, I know the emotional control is a key discipline, and discipline are the requirements to become a successful trader. if you are greedy and revenge, you will be hard to generate consistent profits, you will get a stop out, do not let it all happen. You should conduct an evaluation to determine your trading mistakes. all traders to evaluate at the end of the year

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  6. #35
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    Quote Originally Posted by ngalapreceh View Post
    yes, I know the emotional control is a key discipline, and discipline are the requirements to become a successful trader. if you are greedy and revenge, you will be hard to generate consistent profits, you will get a stop out, do not let it all happen. You should conduct an evaluation to determine your trading mistakes. all traders to evaluate at the end of the year
    We need regular evaluation regarding our trading mistakes in this business, and yes we need a good control our emotion because its one of the top factor of loosing money in this business, Greed and taking revenge also very harmful so its very important to control these things on time like this way we can avoid a big loss in our trading account

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  7. #36
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    Once you have trading strategy and you know how to do analysis then their will be no over confident and their will be no revenge trading. Because it does not matter if you make profit or loss. Your next position will be dictated on the result of your analysis and the strategy that you want to use not if you incur loses or make profit. And this is why your account will be stable.

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  8. #37
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    Quote Originally Posted by budado View Post
    Once you have trading strategy and you know how to do analysis then their will be no over confident and their will be no revenge trading. Because it does not matter if you make profit or loss. Your next position will be dictated on the result of your analysis and the strategy that you want to use not if you incur loses or make profit. And this is why your account will be stable.
    Yes that's true, if we have a great trading system them for sure no matter how much trade's we are loosing in the end our strategy will give us profit in average, most of professional trader's always do trade with better trading system and do trade with a good trading mindset because they trust a lot in their trading system

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  9. #38
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    Revenge trading is common in the market, this is one of the reason why traders wiped out his account, this characteristic can be associated to lack of disciplined and the inability to control his emotions. Trader that do revenge trading are the ones that trade according to their emotions, subconsciously humans hates to lose so whether we are playing a game in a casino or trading, once we experience loses our instinct will tell us to recover such lose right away, so we continue playing or trading even if odds is not in our favor and so the end result is margin call or zero balance. A good understanding of our personality and the psychology in trading will keep us away from revenge trading.

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    " Trading is 70% Psychology, 15% Risk Management and 15% Strategy ! "

  10. #39
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    Revenge in this trading has no place in professional handling of this market, it will rather make you later regret your actions in the market. Forex traders should understand true trading, and the purpose of trading and having the plans they will not betray, this is a very good side attraction for traders that is confident and have a good trading plan.

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  11. #40
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    [lang=id]a trader will face two side where the emotion will come up easily, they are losing and profit, and the emotion will ride the mind and do a careless thing, it ill trigger them to take revenge after loss and try to make huge profit with break the rules after make some profit
    traders have to understand for these and need to control it[/lang]

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