I used to fall in this emotional mistake a lot and it just costs me more big losses, it s the feel to revenge.
Traders always fall into a feeling of wanting “revenge” on the market when they get a losing trade that they were “sure” would work out, while the truth is there is no “sure” deal in trading.
So you may want to recover by risking too much money on a trade , and you end up losing that money.
All of us want to recover the loss but not that way. Trying to jump back in the market to make that money back usually just leads to another loss (and sometimes an even bigger huge one) .
So please take my advice and dont ever try to take revenge the market will defeat you if you still have this motional feeling inside you . Just try learn your mistakes and improve your skills and i am sure you will recover your loss very soon.
Traders always fall into a feeling of wanting “revenge” on the market when they get a losing trade that they were “sure” would work out, while the truth is there is no “sure” deal in trading.
So you may want to recover by risking too much money on a trade , and you end up losing that money.
All of us want to recover the loss but not that way. Trying to jump back in the market to make that money back usually just leads to another loss (and sometimes an even bigger huge one) .
So please take my advice and dont ever try to take revenge the market will defeat you if you still have this motional feeling inside you . Just try learn your mistakes and improve your skills and i am sure you will recover your loss very soon.