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Avoid retaliatory trading
After experiencing continuous losses, many people develop a mindset of "I need to earn back the money I lost," and thus, regardless of the market environment, they blindly increase their position size or trading frequency.
Emotion-driven trading often leads to greater losses.
Remember, the market is not your ATM, nor is it a place for you to vent your emotions.
View OriginalAvoid retaliatory trading
After experiencing continuous losses, many people develop a mindset of "I need to earn back the money I lost," and thus, regardless of the market environment, they blindly increase their position size or trading frequency.
Emotion-driven trading often leads to greater losses.
Remember, the market is not your ATM, nor is it a place for you to vent your emotions.