Cypher Assets/Learn/Psychology

How doyou stoprevenge trading?

A straight answer · Psychology

01The short answer
ANSWERSet a daily loss limit and a maximum number of trades, and stop the moment you hit either one. Revenge trading is trying to win back a loss straight away; a hard rule removes the decision from the emotional moment.
02Key points
  • Two or three losses in a row: stop for the day.
  • Walk away from the screen after a loss.
  • Review the loss the next day, not the next minute.
03Go deeper

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04More answers
GETTING STARTEDHow to start trading with no experienceDay 1GETTING STARTEDWhy do most traders lose money?Day 1GETTING STARTEDIs trading just gambling?Day 1FOREX BASICSWhat is a pip in forex?Day 2
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