简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:After knowing the two previous factors that make your trading fail, let’s continue our discussion about the next three.
Besides the two previous things, revenge is also a matter that make your trading fail. The spirit of revenge of a trader usually arises when they try to trade more aggressively, especially after a loss. According to My Trading Skills, revenge trading happens after a trader suffers a significant loss
Additionally, the main purpose of a trader to take revenge is when trying to restore a position that previously lost. Instead of reversing losses, this often makes traders jump into the brink of collapse.
Revenge when trading is a very dangerous thing. There are at least three main reasons for you not to do something dangerous. First, because this is not usually well planned, this can make you too hasty in making decisions that aren‘t profitable. What’s more, in this case, you also tend to gamble compared to trading, especially since all transactions are based solely on emotions, and not based on a comprehensive plan and analysis.
Second, because you have been desperate to cover a loss that occurred before, revenge will force you to open a position with larger transaction size. Of course, this is not a solution because you directly have the potential for a greater risk of loss. Besides, this also contradicts the risk management that you have made before, just to cover the losses incurred before.
Finally, this is an emotional trading habit that is driven by wrong motives. It also changes your previous focus from rational trading decisions to emotionally driven trading choices. And in the end, your emotions will close positive thoughts, and discipline, which ultimately compromises your trading account.
Who is not happy when successfully making a profit in trading? Im 100% sure all traders will be happy about this. However, did you know that when you experience something fun, then dissolve in euphoria, then actually it also has risks that can eliminate? Thus, you have to control yourself both in a loss and profit result.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
WikiEXPO 2025 is set to embark on a new global tour First station - Hong Kong! Are you ready?
The global financial markets are no strangers to periods of uncertainty, and recent weeks have been a testament to their unpredictable nature. Heightened volatility across major indices, including the US stock market, has left traders reassessing their strategies as they face both opportunities and risks.
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit alleging that Elon Musk, the billionaire founder of Tesla and SpaceX, cheated Twitter shareholders out of more than $150 million by delaying the disclosure of his growing stake in the company as he prepared to launch a takeover bid.
NovaTech, a trading platform that has recently gained considerable attention after its sudden collapse. The U.S. Securities and Exchange Commission (SEC) imposed penalties on the platform, its founders, and several major promoters. Here Let's explore this platform by examining its background and the underlying logic of its fraud scheme, and outline some key warning signs that investors should watch for when encountering similar platforms in the future.