REVENGE TRADING: 5 REASONS EVERY CRYPTO TRADER MUST STOP IT
Let's quickly discuss one of the leading challenges that many traders are facing, which is revenge trading.
What's revenge trading?
Revenge trading is when a trader makes impulsive and excessive trades in an attempt to recover losses incurred from previous trades. This kind of trading is driven by emotions such as a desire to quickly regain lost funds, anger, and frustration.
Reasons to Avoid Revenge Trading:
1. Lack of Rational Analysis: Revenge trading often disregards proper analysis and research.
2. Maximum Risk Exposure: Revenge trading typically requires a larger size of your capital and higher risk-taking to quickly recover losses.
3. Breakdown of Discipline: Revenge trading goes against disciplined trading practices.
