What is Revenge Trading in Forex (And How to Keep Yourself Safe)

Tradetalk08 Feb, 2022Business

A stock market is a place of continuous and fluid motion. Prices move up and down throughout the trading day, every day. The direction and range can vary, but the ebb and flow and trends of prices are always changing. The price movement that happens early in the day doesn?t always repeat itself later. A trader who gets caught up in revenge trading is trying to make back the money from a previous loss by entering another trade with the same or similar position size as the one that lost them money. They?re hoping for a miraculous turnaround to get back to where they were before the recent loss. The problem with this approach is that it ignores everything else that happened in between the two trades.