How can I stop revenge trading after a loss?
When I lose, I immediately open another trade to win the money back, and it usually makes things worse.
For education only. This is not financial advice. Trading carries a high risk of loss.
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1 Answer
Best answer
Revenge trading means taking a trade to win the money back, not because there is a setup. Some steps that help:
- Stop trading for a set time after a loss, for example 30 minutes, and leave the screen.
- Set a daily loss limit and respect it.
- Reduce your size after a losing streak, do not increase it.
- Write the emotion in your journal before the next trade ("angry", "bored", "rushed").
If the feeling is strong, skip the trade. Missing one trade costs nothing.
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